SAN FRANCISCO (AP) -- Advanced Micro Devices Inc. plans to cut 1,100 jobs, 9 percent of its global staff, and slash the remaining employees' pay as the chip maker hopes its third round of layoffs in a year can help it get through a brutal market for computer sales.
FAIRFIELD, Conn. (AP) -- General Electric Co. says its troubled finance business has informed employees of layoffs. GE Spokesman Russell Wilkerson would not say how many employees of GE Capital will lose their jobs. GE Capital employs 75,000 workers.
PARK RIDGE, N.J. (AP) -- Rental car company Hertz Global Holdings Inc. said Friday it will eliminate more than 4,000 jobs worldwide as it further cuts costs amid slowing demand.
INDIANAPOLIS (AP) -- WellPoint Inc. said Friday it will cut about 1,500 jobs, becoming the latest health insurer to take what analysts see as a tough-but-necessary step to cope with the recession.
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