Microsoft will cut a record 18,000 jobs next year, as the company’s new CEO Satya Nadella seeks to boost efficiency, according to a company memo on Thursday. “The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year,” Satya Nadella said in... 

Official figures show that unemployment in the European Union (EU) has increased during the 12-month period ending in January 2014, with around 26 million people jobless in both the EU and the eurozone, Press TV reports. The EU statistical agency, Eurostat, said in its latest report that unemployment in the EU rose by 17,000 over the one-year time span. More than 26 million people of working age were... 

Fresh data show that the unemployment rate in debt-ridden Greece hit a record high in May, with youth accounting for the largest jobless number. Greece’s jobless rate reached 27.6 percent in May, up from 27.0 percent in April, according to a report released on Thursday by Greece’s statistic service LSTAT. The agency added that the youth aged between 15 and 24 were hit the hardest with a 64.9 unemployment... 

Thousands of demonstrators in Madrid take part in a Labor Day protest against the Spanish government’s austerity policies, May 1, 2013. Thousands of protesters have staged rallies in Spain to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. Spaniards took to the streets in some 80 cities in trade union-organized Labor Day demonstrations... 

Spaniards protest against austerity measures in the capital Madrid, December 17, 2012. A jobless Spanish man has died at a hospital after setting himself on fire, only two days after another Spaniard self-immolated on social and economic grounds. The 63-year-old man, who suffered from financial problems, died in the Carlos Haya hospital in the southern city of Malaga on Friday. Police officials issued... 

Jobless Greeks wait outside an unemployment bureau in the capital Athens. The official Greek unemployment rate has risen to 26 percent as the near-bankrupt eurozone country heads toward a sixth year of recession. The Greek statistics office ELSTAT announced on Thursday that the jobless number rose to 1.295 million in September, pushing up the unemployment rate from 25.3 the previous month and 18.9... 

Portugal Finance Minister Vitor Gaspar Portugal finance minister announces an income tax hike for the 2013 budget as the unemployment rate is expected to hit 16.4% the same year. On Wednesday, the Portuguese Finance Minister Vitor Gaspar had announced that the average tax hike would rise from 9.8 percent to 13.2 percent in 2013, adding that the unemployment rate is also expected to rise from 16 percent... 

The public sector debt in France soared to over 90 percent of the GDP in the second quarter of 2012. New figures show that France’s public sector debt soared to over 90 percent of the crisis-hit country’s gross domestic product (GDP) in the second quarter of 2012. According to official figures released by France’s National Statistics Institute (INSEE) on Friday, the debt has increased by 43.2... 

Jobless Greeks line up outside an unemployment bureau in Athens Unemployment rate in crisis-struck Greece hit an all-time high of 23.1 percent in May as the country struggles through a fifth year in recession, says the national statistics agency. New data, released by Elstat on Thursday, showed that 1.15 million people were out of work in Greece, compared with 3.82 million, who had jobs. The jobless... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

Policemen clash with protesters while trying to dismantle a camp set up in Catalunya square in Barcelona on May 27, 2011. At least 100 people have been injured after police clashed with demonstrators in Barcelona amid protests against the economic crisis and sky-high jobless rate in Spain. Policemen swiped at protesters with batons, dragged them on the ground and even fired rubber bullets on Friday... 

Yikes! You won’t believe the real jobless numbers. Federal docs contradict 8.9% hyped by media. The real U.S. unemployment rate may be 22.1 percent for February, not the 8.9 percent reported by the government, according to economist John Williams, author of the “Shadow Government Statistics” website, who has argued for years that the federal government manipulates the reporting of... 

In a recent statistical revelation, two-thirds of the UK’s freshly minted jobs found themselves in the hands of individuals born outside the country. This disclosure coincided with a bleak milestone, marking Britain’s unemployment at 2.5 million, including a staggering 951,000 individuals aged 16 to 24. Against the backdrop of rising unemployment fueled by public sector job cuts, an examination... 

Eurozone’s unemployment figure continues to linger as around 16 million Euro currency users are still out of work, official data shows. Unemployment across the 16 countries which share the Euro stuck at a record 10 percent in May for the third month running, European Union data showed on Friday. The area’s unemployment rate has remained at its highest level since the creation of Euro in... 

Hope you can all believe in School districts around the country, forced to resort to drastic money-saving measures, are warning hundreds of thousands of teachers that their jobs may be eliminated in June. The districts have no choice, they say, because their usual sources of revenue — state money and local property taxes — have been hit hard by the recession. In addition, federal stimulus money...