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Merck
(Chris Hondros/Getty Images)
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Merck to Cut 8,500 Additional Jobs

Drugmaker Merck says it plans to reduce its global workforce by another 8,500 jobs as part of a plan to cut its annual costs by about $2.5 billion by the end of 2015.

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Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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American Express to Cut 5,400 Jobs

American Express says it will slash roughly 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs.

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