Cost-Cutting On The Rise? 5 Companies Making Headlines With Job Cuts

(RTTNews) - American Express (AXP) has been the in the spotlight lately, following reports that the financial services firm is looking to cut more than 4,000 jobs this year. This is the latest in a recent run of major companies either cutting jobs or being rumored to be eyeing some workforce reductions. This includes big-name firms like Ebay (EBAY) and BP.

Here are a few firms that have recently been in the middle of workforce reduction stories:

1. Ebay

Confirming previous reports, the e-commerce giant recently announced a plan to cut 2,400 jobs amid a disappointing forecast for 2015. Read more about it here.

2. BP

The British oil giant is feeling the pinch from the recent plunge in oil prices. The firm is reportedly considering accelerating job cuts to answer the drop in revenues.

Read more about it here.

3. Wet Seal

The struggling apparel maker filed for bankruptcy earlier this month, a move that sent thousands of employees to the unemployment line.

Read more about it here.

4. Tesco Plc. (TSCO.L, TSCDY.PK)

The British supermarket chain saw its stock get a boost early this year when it announced that it was cutting stores.

Read more about it here.

5. SeaWorld (SEAS)

The famed theme park recently announced a restructuring program. In a regulatory filing, the company said it plans to cut about 300 jobs.

Read more about it here.