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Keyword: layoff

Brevity: Headers | « Text »
  • Cisco Systems to lay off about 14,000 employees: Report

    08/17/2016 5:01:58 AM PDT · by mykroar · 64 replies ^ | 8/17/2016 | Reuters
    Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, two other big software companies, Microsoft Corp and HP Inc, have also announced job cuts this year.Microsoft said in July that it would lay off about 2,850 jobs over the next 12 months, taking its total...
  • USCIS Wins Igniting Innovation Award(Immigration Svcs awarded for replacing Americans with H-1B wor

    this came by email from U.S. Citizenship and Immigration Services won the overall Igniting Innovation Award Monday at The American Council for Technology and Industry Advisory Council’s Igniting Innovation Showcase and Award event in Washington, D.C. A panel of government and industry judges selected USCIS as the overall winner for their work with myUSCIS, a service, available in both English and Spanish, that helps people navigate the immigration process. The tool launched in December 2014 and provides up-to-date information about immigration benefits, resources to find citizenship preparation classes and doctors across the country, and tools to help prepare for...
  • Editor and 70-plus others fired at the Orange County Register

    03/31/2016 9:10:33 PM PDT · by EveningStar · 37 replies
    Los Angeles Times ^ | March 31, 2016 | Anh Do
    On the day that Digital First Media completed its purchase of Freedom Communications — parent company of the Orange County Register and the Riverside Press-Enterprise — a wave of layoffs hit the Register. Rob Curley, editor of the paper, confirmed Thursday that it would be his last day. He was among 70-plus staff members who were being let go from the editorial, circulation, advertising and marketing departments, according to sources who spoke on condition of anonymity when discussing the Register.
  • Donald Trump gloats after massive Macy's job cuts

    01/07/2016 8:36:05 AM PST · by TangledUpInBlue · 120 replies
    The Business Insider ^ | 1/7 | Colin Campbell
    Trump had a high-profile feud with Macy's shortly after he launched his presidential campaign in June with a fiery campaign speech in which he accused the Mexican government of sending rapists and murderers across the border. Macy's was among several corporations to sever financial ties with Trump amid the resulting firestorm. The store said it would phase out its Trump-branded ties, dress shirts, and "Success" fragrance. Trump responded by calling for a boycott of the store and retweeted his supporters who said they were cutting up their Macy's credit cards.
  • Wal-Mart to cut hundreds of jobs at headquarters

    10/01/2015 2:12:01 AM PDT · by WhiskeyX · 6 replies
    Reuters ^ | Wed Sep 30, 2015 11:17pm EDT | Reuters
    Wal-Mart Stores Inc (WMT.N) is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday, according to one of sources, who declined to be named because the move had not been made public.
  • Whole Foods to cut 1,500 jobs, get ‘leaner’

    09/29/2015 5:09:25 AM PDT · by WhiskeyX · 17 replies
    Austin American-Statesman ^ | 3:14 p.m. Monday, Sept. 28, 2015 | Claudia Grisales - American-Statesman Staff
    In a challenging year that has seen it battle declining sales and increased competition, Austin-based Whole Foods Market said Monday that it will cut 1,500 jobs in the next two months. [....] Whole Foods said it is making the cuts “as part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure,” according to a filing with the U.S. Securities and Exchange Commission. The reduction represents 1.6 percent of the company’s workforce, the filing said. The organic foods giant, which employs 91,000, said it will make the cuts over the...
  • DreamWorks Animation plans substantial layoffs

    01/19/2015 3:13:53 PM PST · by dynachrome · 17 replies
    LA Times ^ | 1-19-14 | By RICHARD VERRIER
    Stung by a series of box office misfires and failed sale attempts, DreamWorks Animation plans a substantial number of layoffs, two people familiar with the matter said. In a move to cut operating costs, the Glendale studio intends to significantly reduce the size of its workforce, said the people, who asked not to be identified because they were not authorized to discuss the plans. While the precise number of people who will lose their jobs has yet to be finalized, the number is expected to exceed the 350 layoffs that occurred in 2003 after the studio shelved production of the...
  • Please pray for us

    08/22/2014 7:36:38 PM PDT · by 2ndDivisionVet · 105 replies
    August 22, 2014 | 2ndDivisionVet
    My wife just found out today that her store will close in about two months and she may be laid off. That will leave only my small V.A. pension and that won't cut it. Plus she won't have health insurance. We need your prayers. Thanks.
  • Microsoft to Eliminate Up to 18K Jobs Over Next Year

    07/17/2014 5:45:35 AM PDT · by mykroar · 26 replies ^ | 7/17/2014 | Victoria Craig
    <p>In a letter to employees early Thursday, Microsoft CEO Sataya Nadella said the tech giant will slash its workforce by as many as 18,000 jobs over the course of the next year, with the first round of 13,000 cuts coming within the next six months.</p>
  • Layoff

    01/15/2014 6:02:05 PM PST · by annalex · 9 replies
  • The Snarf’s at 600 W. Chicago just laid off all its employees via email

    12/23/2013 1:30:32 PM PST · by Nachum · 73 replies
    Chicago Grid ^ | 12/23/13 | MEG GRAHAM
    The layoffs come three weeks after some of the sub shop's employees protested for better wages and benefits. BY MEG GRAHAM A River North sandwich shop gave its employees an unwelcome Christmas surprise on Sunday night, firing them all by email. The 20 employees of Snarf’s Sub Shop at 600 W. Chicago Ave. received the email last night around 5 p.m. Grid obtained it this morning. It reads as follows. 1. Due to increased competition and losses, ownership has decided to consider remodeling and reconcepting the store at 600 West Chicago Ave. 2. The store is closing, effective tomorrow, December...
  • Veterans' Affairs office to lay off 7,000

    10/08/2013 3:38:01 PM PDT · by SandRat · 7 replies
    SIERRA VISTA — On the day Fort Huachuca’s commissary reopens, another branch of the federal government is laying off 7,000 workers, which starts today. The Department of Veterans Affairs is furloughing Veterans Benefits Administration employees which will suspend some programs during the time of the lay offs. However, the Arizona Department of Veteran Services will continue to provide assistance which the state supports but the impact will be felt by those being served, said Dave Hampton, spokesman for the state agency. Some state employees co-located at the VA Phoenix Regional Office have been moved to the Arizona State Veteran Home...
  • Ben Venue out of business Bedford Ohio 1100 folks

    10/04/2013 5:16:03 AM PDT · by reed13k · 20 replies
    Just heard on the drive in that Ben Venue, a maker of cancer drugs (generic and on contract), will be going out of business. They have been working through a consent decree with the FDA for quality system issues and stated: "the company cannot return to sustainable production." Their announcement here: 1100 folks in Beford Ohio will be impacted.
  • Insurer to close Lincoln office, lay off more than 100 (Nebraska)

    03/18/2013 1:40:38 PM PDT · by 2ndDivisionVet
    The Lincoln Journal Star ^ | March 18, 2013 | Matt Olberding
    The layoff bug that Lincoln had avoided for more than two years has finally bitten. QBE North America, a subsidiary of Australia-based QBE Insurance Group Limited, on Monday confirmed that it plans to close a Lincoln office that employs more than 100 people. The employees work at a call center at 50th and R streets under the business name Sterling National Corp. Paula Symons, a QBE North America spokeswoman, said in an emailed statement that closing the Lincoln office was an "extremely difficult" decision. "With the Lincoln facility lease expiring in a few months and the size of the Lincoln...
  • Exclusive: First Reports of Massive Layoffs at Coda Automotive

    12/11/2012 2:35:48 PM PST · by nascarnation · 20 replies ^ | 12/11/2102 | Brad Berman
    Coda Automotive, the California-based maker of an all-electric sedan primarily produced in China, last Friday laid off more than 50 employees, including a substantial part of its sales and marketing staff, according to a source familiar with the company’s business. The source, who contacted about the news, wants to stay anonymous based on concerns about possible “blow back” from Coda executives. The anonymous source said the company had sold fewer than 100 units of its all-electric sedan since it went on sale in March 2012—and that sales had virtually stopped after the car was recalled by the National Highway...
  • Hostess says it has over 100 interested buyers

    11/29/2012 8:18:43 PM PST · by 2ndDivisionVet · 40 replies
    New York - Hostess Brands got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its roster of snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its iconic brands, which also include Ding Dongs and Ho Hos. The suitors include at least five national retailers, such as supermarkets, according to a financial adviser for the company. The process has been "so fast and furious," Hostess hasn't been able to make...
  • Energizer to cut more than 10 percent of workforce

    11/09/2012 8:54:25 AM PST · by Rio · 6 replies
    Reuters via Yahoo News ^ | 11/8/2012 | Jessica Wohl
    Energizer Holdings Inc (ENR) said on Thursday that it would cut more than 10 percent of its workforce, or about 1,500 people, as it tries to rev up results in its battery business.
  • Utah company blames President Obama for 102 workers laid off

    11/09/2012 5:16:23 AM PST · by BushyPark · 33 replies
    KSL.COM ^ | 11/8/2012 | Geoff Liesik
    EAST CARBON, Carbon County — A Utah coal company owned by a vocal critic of President Barack Obama has laid off 102 miners. The layoffs at the West Ridge Mine are effective immediately, according to UtahAmerican Energy Inc., a subsidiary of Murray Energy Corp. They were announced in a short statement made public Thursday, two days after Obama won re-election. The layoffs are necessary because of the president's "war on coal," the statement said. The slogan is one used frequently during the election by Murray Energy CEO Robert Murray, who was an ardent supporter of Republican presidential candidate Mitt Romney....
  • Teco Coal officials announce layoffs (Eastern Kentucky)

    11/09/2012 2:37:41 AM PST · by Timber Rattler · 19 replies ^ | November 8, 2012 |
    Around 90 employees are being laid off from the Teco Coal Corporation. Director of Personnel, Paul Matney, says no mines are shutting down but they are reducing their manpower and staffing, which will reduce some production. Matney said that the layoffs are at several locations and are the result of the economic conditions of the coal market. He says more information will be released Friday.
  • RIM (Blackberry) just closed plant in Irving, TX due to election.

    11/07/2012 3:14:50 PM PST · by publana · 50 replies
    My friend who works at RIM in Irving, TX just called to tell me he, and 3000 others, were just laid off. The plant is closing. He says another employee told him it was because of the election. It's a sad day for this man as he was already extremely depressed that Romney lost. Now to lose his job?
  • Obama’s Layoff Bomb

    10/30/2012 11:47:36 PM PDT · by Cincinatus' Wife · 9 replies
    National Review Online ^ | October 31, 2012 | Michelle Malkin
    In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter...
  • Surprise! Obama Ignores A Law To Aid His Reelection (WARN Act)

    10/03/2012 8:20:50 AM PDT · by Perseverando · 9 replies
    The Western Center for Journalism ^ | October 2, 2012 | Gabriel Malor
    In case you missed it over the weekend, the Obama administration’s Friday afternoon document drop was a memo from the Department of Labor telling defense contractors not to provide legally-required notice to thousands of employees that they are about to be laid off, if automatic spending cuts agreed to by the President and the Congress take effect. Translation: President Obama wants to prevent thousands of employees, especially in swing-state Virginia, from being told that they are going to be laid off due to Department of Defense funding cuts. Because of the timing of the cuts, those notices would have been...
  • Did Lockheed Martin Just Win Virginia for Obama?

    10/01/2012 10:27:39 PM PDT · by george76 · 56 replies
    The Atlantic Wire ^ | October 01, 2012 | John Hudson
    It's difficult to understate the importance of Lockheed Martin's latest announcement on the race for the White House: the defense contractor said on Monday it will not be issuing employee layoff notices to 123,000 workers on Nov. 2—just four days before the presidential election. Amidst all of the super PACs and campaign ads, the threat of telling a sizable chunk of voters in key areas of the country that they could lose their jobs if the election didn't go Lockheed's way was one of the most potent examples of corporate electioneering. But the layoff threat was largely unreported outside of...
  • After Obama guidance, Lockheed won't issue layoff notices this year

    10/01/2012 8:49:32 PM PDT · by massmike · 29 replies ^ | 10/01/2012 | Jeremy Herb
    Lockheed Martin and other defense contractors backed down from issuing layoff notices to employees on Monday after the Obama administration promised to pick up the tab for severance costs resulting from sequestration. The news provided welcome relief for President Obama, who faced the prospect of mass layoff notices in battleground states just days before the election, and outraged Republicans, who accused the administration of bending the law to hide job losses from the public. The White House issued guidance on Friday that said the government would cover the costs if contracts are canceled and layoffs occur due to the automatic...
  • J.C. Penney Lays Off 350 Workers at Texas Headquarters

    07/10/2012 2:42:06 PM PDT · by tcrlaf · 36 replies
    NBC5-Dallas ^ | 7-10-12 | By ANNE D'INNOCENZIO
    J.C. Penney Co. says it is laying off 350 more workers at its headquarters in Plano as the department store struggles to transform its business under a new CEO. The cuts, announced Tuesday, follow the company's move in April to eliminate 600 workers at its headquarters.
  • Hostess sends layoff notices to all workers (more-than 18,000)

    05/07/2012 5:21:52 PM PDT · by MamaDearest · 108 replies ^ | May 7, 2012 | Rachel Feintzeig
    Hostess Brands Inc. on Friday sent out letters notifying its more-than 18,000 workers that they could be laid off in the next two months. The maker of Twinkies and Wonder Bread on Friday mailed out WARN Act notices to all of its employees, a Hostess spokeswoman confirmed to Bankruptcy Beat Monday. The federal WARN Act requires companies to give employees 60 days notice before closing a facility or ordering mass layoffs. However, sending the notices doesn’t mean a company is definitely going to lay off the recipients.
  • Billy Graham Evangelistic Association Cuts Jobs While Revenues Rise

    03/03/2012 3:56:26 PM PST · by sreastman · 8 replies
    Faith Issues ^ | 3/3/2012 | Steve Eastman
    Billy Graham Evangelistic Association Cuts Jobs While Revenues Rise by Steve Eastman, Faith Issues Employees of non-profit religious organizations usually pray for donations to increase. Staff of the Billy Graham Evangelistic Association (BGEA) have seen those prayers answered recently, but close to 10 percent are losing their jobs anyway. According to a statement from the association, “This in no way reflects the financial health of the organization.” The most recent records show $91.6 million coming in last year. That’s compared to $85.7 million for 2010. The statement explains that BGEA “continues seeking ways to improve our effectiveness and incorporate advances...
  • Threatened Goldman Japan workers unionize

    02/29/2012 6:02:58 AM PST · by flushing_kenny · 2 replies
    The Japan Times ^ | Feb 28, 2012 | JAMES MCCROSTIE
    | Share Tuesday, Feb. 28, 2012 THE ZEIT GIST Threatened Goldman Japan workers unionize Financial giant butts against tough domestic labor law as it seeks to slim down workforce By JAMES MCCROSTIE The past year has been anything but business as usual for the financial industry. Faced with a frosty economic climate, financial service companies have been busy chopping dead wood. Last year, 200,000 financial service jobs ended up on the cutting block worldwide. In Japan, that meant layoffs at famous firms including Morgan Stanley, Citigroup, HSBC Holdings, Mizuho Financial Group, and the not-so-famous, such as Spanish bank Bilbao Vizcaya...
  • AA (American Airlines) to Cut Up to 15,000 Jobs

    02/01/2012 9:39:25 AM PST · by tcrlaf · 14 replies
    NBC News Dallas ^ | 2-1-12 | By Scott Friedman and Ben Russell
    NBC 5 has learned that Fort Worth-based American Airlines may cut between 10,000 and 15,000 jobs across the company. It is estimated that 1,000 of those jobs to be cut will be at the company's maintenance base at Alliance Airport in north Fort Worth. A meeting where AMR executives are expected to lay out the company's plan for moving forward began mid-morning Wednesday. The plan is expected to include layoffs, pension and pay cuts, and the possible closure of an airplane maintenance facility at Fort Worth's Alliance Airport. SNIP-------- American Airlines' parent company AMR filed for bankruptcy in November of...
  • 580 Morgan Stanley Soon To Be Former-Employees Learn They're Redundant Courtesy Of The Dept Of Labor

    12/28/2011 9:14:29 AM PST · by SeekAndFind · 3 replies
    Zero Hedge ^ | 12/28/2011 | Tyler Durden
    Previously it was Credit Suisse and Citigroup. Now it is Morgan Stanley's turn, as 580 employees in the firm's three New York office learn they are about to get the boot courtesy not of the HR department but the DOL's WARN website, which just happens to be the best real-time indicator for observing the transition of the soon to be former 1% into the 99%.From WARN: Date of Notice:  12/27/2011 Control Number: 2011-0193 Rapid Response Specialist:  Linda Foehr Reason Stated for Filing:  Plant Layoffs Company:  Morgan Stanley (Various NYC sites)1221 Avenue of AmericasNew York, NY  10020 County:  New York | WIB Name: NEW YORK...
  • Postal Service Delays Closures until Mid-May

    12/14/2011 11:49:47 AM PST · by tcrlaf · 12 replies
    MSNBC ^ | 12-14-11 | staff and wire
    About 100,000 postal service employees can breathe a shallow sigh of relief. The U.S. Postal Service has agreed to delay shutting 252 mail processing centers and 3,700 local post offices until mid-May, The Associated Press reported Tuesday. SNIP - - - - - - Last Thursday, a group of 18 Senate Democrats signed a letter to congressional leaders asking them to add language to legislation that would halt closings for six months.
  • Nokia to cut 3,500 jobs, close Romania plant

    09/29/2011 4:52:54 AM PDT · by TigerLikesRooster · 4 replies
    Reuters ^ | 09/29/11 | Tarmo Virki
    Nokia to cut 3,500 jobs, close Romania plant Thu Sep 29, 2011 5:31am EDT By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) - Nokia Oyj, the world's largest cellphone vendor by volume, is cutting 3,500 jobs in its second major restructuring move in a year, as it struggles with falling sales and profits. Chief executive Stephen Elop, who took over at Nokia a year ago, unveiled the plans, including a factory closure and a new executive chairman for telecom gear joint venture Nokia Siemens Networks, on Thursday. The company said it would close the Cluj factory in Romania, leading to...
  • Chicago mayor to lay off workers to plug budget gap (Merry Christmas, Unions! Love, RahmBo!!)

    07/15/2011 2:03:28 PM PDT · by NormsRevenge · 15 replies · 1+ views
    Yahoo ^ | 7/15/11 | Karen Pierog - Reuters
    CHICAGO (Reuters) - With Chicago still facing a lingering deficit in its current budget, Mayor Rahm Emanuel on Friday unveiled steps that will lead to up to 625 layoffs. They include privatization of custodial services at city libraries and airports, benefits services and the water billing call center. Also about 126 seasonal workers in Chicago's transportation department would be discharged, resulting in a drop in curb, gutter and sidewalk improvements this year. "Today, I'm taking steps because I cannot wish away this budget shortfall," the mayor told reporters. Earlier this month, Emanuel said he would eliminate $20 million of the...
  • Japan:Panasonic axing 40,000 jobs(10% of workforce)

    04/29/2011 7:10:05 AM PDT · by TigerLikesRooster · 2 replies
    Asahi Shimbun ^ | 04/29/11
    Panasonic axing 40,000 jobs 2011/04/29 Panasonic Corp. plans to cut nearly 40,000 jobs worldwide by the end of March 2013, the largest ever downsizing by a Japanese manufacturer. The program will mean a 10-percent reduction in the group's global work force and is expected to bite deepest into divisions and subsidiaries abroad. The 40,000 figure, due to be announced on April 28 along with the group's fiscal 2011 management strategy, includes about 20,000 jobs sliced from the group's payroll through the sale of its Sanyo Electric Co. subsidiary's semiconductor business, which was announced in summer 2010.
  • Scott Walker: Layoffs coming if budget not resolved.

    02/22/2011 1:22:17 PM PST · by SeekAndFind · 24 replies
    Hotair ^ | 02/22/2011 | Ed Morrissey
    The governor of Wisconsin doesn’t have many choices without a functioning legislature to cut spending and trim future liabilities as a credit crisis approaches on Friday afternoon. If the budget doesn’t get restructured by the end of the week, Wisconsin cannot borrow more money, which means either defaulting on some of its bonds — which would destroy their bond rating and make future borrowing much more expensive — or cut spending in ways Scott Walker can control. If Democrats don’t return soon to vote on the proposal, Walker told a local station this morning, he won’t have any choice but...
  • Layoffs at My Work Place (Prayer Request)

    01/07/2011 2:17:12 PM PST · by Dallas59 · 32 replies ^ | 1/7/2010 | Dallas59
    Lay offs were announced today at my place of business. It's a small company. 10 were given the pink slip. I know it's an unusual request...but join me in saying a little something to the BIG boss man up high for these people. Thanks.
  • Mass Layoffs Coming In Ken Griffin's Citadel Securities, Says Tipster (Another Giant Hedge Fund)

    10/06/2010 8:59:55 AM PDT · by SeekAndFind · 3 replies
    Business Insider ^ | 10/06/2010 | Courtney Comstock
    Citadel Securities was Ken Griffin's big dream -- he wanted to make the next Goldman Sachs. Now an anonymous tipster tells us that the business is slowly being dismantled and there will be a series of mass layoffs in the fixed income department in next few days. The tipster didn't give too many details, and we're still waiting to hear back from Citadel's media rep, so for now let's just talk about why this might be happening. At its launch in 2008, Citadel Securities received glowing reviews from the business press heralding Citadel Securities the next big thing in investment...
  • Russia to cut 100,000 bureaucrat jobs by 2013: minister (First Cuba, now Russia, What about us?)

    09/20/2010 7:15:18 AM PDT · by SeekAndFind · 15 replies
    MSN ^ | 09/20/2010
    Russia plans to slash 100,000 bureaucrat jobs by 2013, Finance Minister Alexei Kudrin said on Monday, in a drive to reduce costs and modernize the country's bloated bureaucracy. "We expect that in the three years more than 100,000 federal civil servant jobs will be cut," Kudrin was quoted by Russian news agencies as saying.
  • Meredith Whitney: Global Wall Street to Axe 80,000 Jobs !! (Slow Revenue Growth Anticipated)

    09/08/2010 6:27:42 AM PDT · by SeekAndFind · 17 replies
    Wall Street Journal ^ | 09/08/2010 | Dow Jones
    Global securities firms, facing slowing revenue growth, will cut about 80,000 jobs, or 10% of current head count, over the next 18 months, banking analyst Meredith Whitney asserted in a recent report, Bloomberg News reported Tuesday on its website. “The key product drivers of Wall Street’s revenues and profits over the past decade have been in a structural decline over the past three years,” Whitney said in the report, dated Aug. 31. This year “marks the first year in many in which Wall Street-centric firms will go through structural changes,” she wrote.
  • Stuffing Their Pockets (For America's CEOs, a very lucrative recession)

    09/06/2010 6:10:06 AM PDT · by SeekAndFind · 68 replies
    Newsweek ^ | 09/06/2010 | Rana Foroohar
    One of the most startling things about the post-crisis landscape is how tone-deaf the wealthiest Americans remain to outrage over their Croesus-like pay packages. The award for complete obliviousness would have to go to Blackstone cofounder Stephen Schwarzman, who earlier this summer compared government attempts to raise taxes on financiers such as himself to Hitler’s invasion of Poland. Silver medals should certainly be handed out to the many executives and corporate lawyers who were grousing last week about the new Dodd-Frank bill, which includes a rule requiring companies to disclose the difference in pay between their chief executive and their...
  • Want To Make A Lot Of Money As A CEO? Fire People

    09/05/2010 11:23:29 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 09/05/2010 | Vincent Fernando, CFA
    CEOs who fire people tend to make more money. That's been the trend recently, according to 'CEO Pay and The Great Recession' from the Institute for Policy Studies. IPS: The 50 top CEO layoff leaders received $12 million on average in 2009, compared to the S&P 500 average of $8.5 million. Each of the corporations surveyed laid off at least 3,000 workers between November 2008 and April 2010. Seventy-two percent of the firms announced mass layoffs at a time of positive earnings reports. ... At a time when we should be pulling together to strengthen our shared economic futures, CEOs...
  • Whirlpool Fridge Plant Layoff Widens

    08/25/2010 5:55:24 PM PDT · by MamaDearest · 12 replies ^ | 8/24/2010 | Alan Wolf
    Fort Smith, Ark. - Whirlpool has expanded its planned layoff of refrigerator factory workers here this fall. 
According to an email sent last week by Whirlpool spokesperson Jill Saletta to The City Wire, a local community paper, the first round of layoffs, announced late last year, will begin in October following the shutdown of counter-depth refrigerator production at the plant.

A second, previously unannounced round of layoffs is expected in November "due to softening of demand, which is typical at this time of year," Saletta wrote.

Whirlpool didn't say how many workers would be affected by the actions, but local TV station...
  • A City Outsources Everything. Sky Doesn’t Fall

    07/28/2010 6:52:51 AM PDT · by TigerLikesRooster · 8 replies · 2+ views
    NYT ^ | 07/19/10 | DAVID STREITFELD
    July 19, 2010 A City Outsources Everything. Sky Doesn’t Fall. By DAVID STREITFELD MAYWOOD, Calif. — Not once, not twice, but three times in the last two weeks, Andrew Quezada says, he was stopped and questioned by the authorities here. Mr. Quezada, a high school student who does volunteer work for the city, pronounced himself delighted. “I’m walking along at night carrying an overstuffed bag,” he said, describing two of the incidents. “I look suspicious. This shows the sheriff’s department is doing its job.” Chalk up another Maywood resident who approves of this city’s unusual experience in municipal governing. City...
  • Jobless claims still mainly staying the same (“Biggest drop in 2 months” nothing much at all)

    06/24/2010 10:47:32 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 06/24/2010 | Ed Morrissey
    After spending much of 2010 criticizing the media for misreporting unemployment figures, I feel the need to credit them for getting something right — even if the AP only gets it half-right, as they do today. The Department of Labor’s new figures on initial jobless claims show a reduction of 19,000 from the previous week, which had sharply spiked upward. However, even while promoting the decline as “the largest amount in two months,” the AP mainly focuses on the fact that nothing much has changed this year at all: Initial claims for jobless benefits fell by the largest amount in...
  • NASA Houston Chief: "This is Going to be a Difficult Time"

    06/11/2010 2:47:35 AM PDT · by anymouse · 32 replies · 766+ views
    NASA Internal E-mail | June 10, 2010 | Michael Coats - NASA/JSC Center Director
    This memo was just received by NASA Houston space workers, from the center director, ex-astronaut Mike Coats, who is now in Russia. It underscores the grim realities of near-term major layoffs, as described in my advisory earlier today. "Replanning" is the new NASA jargon for "slash to the bone", it seems. _____________________________________________ From: Coats, Michael {Jsc-Center-Director}(JSC-AA111) Sent: Thursday, June 10, 2010 1:45 PM To: JSC-DL-JSC-Civil-Servants; JSC-DL-JSC-Contractors Subject: Constellation Program FY2010 Replanning Update I am writing from Russia, awaiting the next ISS crew launch from Baikonur, Kazakhstan, which is currently scheduled next Tuesday. Yesterday, NASA management directed Constellation Program management to...
  • Jon Corzine Takes Ax To MF Global (Lays off 15% of workforce. He couldn't do that as NJ Gov.)

    05/30/2010 9:26:22 AM PDT · by SeekAndFind · 9 replies · 616+ views
    Wall Street Journal ^ | 05/29/2010 | Jacob Bunge
    The new head of MF Global Holdings Ltd. outlined dramatic moves to cut staff and costs as the brokerage reported a $96.5 million net loss for its fiscal fourth quarter. Jon Corzine, the former New Jersey governor and Goldman Sachs chief who took over as chief executive officer in March, plans to realign the company, drop some new initiatives and cut 10% to 15% of its work force after reporting its fifth consecutive quarterly deficit. "Let me state the obvious," Mr. Corzine said on a conference call discussing the results. "These are not the kinds of results that MF Global...
  • Huntington mayor may pull away from firefighter grant

    05/27/2010 5:13:18 AM PDT · by mshoffner · 7 replies · 227+ views
    Huntington Political Examiner ^ | 05/27/2010 | Mark Shoffner
    Huntington Indiana's Mayor Steve Updike, may refuse a grant that was issued to place 6 laid off firefighters back on the job. Updike laid off 6 firefighters last fall because of a city financial shortfall. The lay offs were part of a city wide layoff that caused the closing of a fire station in the community of 37,000.
  • Huntington's east end fire station to reopen

    05/21/2010 4:18:48 AM PDT · by mshoffner · 3 replies · 187+ views
    Huntington Political Examiner ^ | 05/21/2010 | Mark Shoffner
    Back in November, Huntington's Mayor Updike layed off six firefighters and closed the east end fire station because of a budget shortfall. Now these life savers will be back on the job due to the receiving a "Safer Grant" totaling over $800,000....
  • Joblessness Hits the Pulpit (More churches layoff clergy as donations drop. Few get severance)

    05/18/2010 7:01:41 AM PDT · by SeekAndFind · 47 replies · 711+ views
    Wall Street Journal ^ | 05/17/2010 | Joe Light
    When Tim Ryan was called to an urgent meeting last year to discuss his duties as children's minister at West Shore Evangelical Free Church, he knew something was amiss. "This is really hard. I don't know how I can do this," said executive pastor John Nesbitt, who helps lead the 2,500 attendee megachurch in Mechanicsburg, Pa. The church, part of the Evangelical Free Church of America, had been growing rapidly but giving was down and well below projections as the recession weighed on members. So Mr. Ryan was losing his job, as was another pastor. While the economy appears to...
  • America's Layoff Capitals (Tracking the States that are Losing the Most Jobs)

    05/13/2010 9:20:27 AM PDT · by SeekAndFind · 20 replies · 1,031+ views
    Forbes ^ | 05/13/2010 | Daniel Fisher
    Charting a different course than the rest of the nation--as it so often does--California shrugged off the budding economic recovery and led the United States in mass layoffs in the first quarter of 2010. Six of the Golden State's metropolitan areas were in the top 10 nationwide, and the Los Angeles-Long Beach area ranked No. 1 with 15,005 workers axed in mass firings in the quarter, according to the U.S. Bureau of Labor Statistics, which reports instances of employers who let go more than 50 workers in a quarter. The financial and housing meltdowns have had a lot to do...