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Keyword: layoffs

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  • Poll: 25 percent of federal employees would quit under Trump presidency

    02/01/2016 1:40:15 PM PST · by Rockitz · 266 replies
    Politico ^ | 1 February 2016 | Nick Gass
    About 1-in-4 federal employees would consider leaving their jobs if Donald Trump is elected president, according the results of a recent survey conducted by the Government Business Council. Overall, about 2-in-3, or 67 percent said they would not think about leaving the federal government if Trump becomes president, but 14 percent said they would and 11 percent said they would "maybe" leave. Just 8 percent said they did not know. The share of Democrats who said they would leave is higher, with 42 percent indicating that they would exit or could exit. Among all of those surveyed, 59 percent said...
  • Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

    02/01/2016 8:58:20 AM PST · by SeekAndFind · 134 replies
    EAD ^ | 02/01/2016 | Michael Snyder
    Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country. It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016. As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses. This is especially true in areas that are on the lower portion of the income scale. In impoverished urban centers all over the nation,...
  • Tobacco giant Altria announces layoffs to cut costs (490+)

    01/30/2016 10:22:25 PM PST · by 2ndDivisionVet · 8 replies
    Market Watch ^ | January 28, 2016 | Tripp Mickle and Chelsey Dulaney
    U.S. tobacco giant Altria Group Inc. MO, +2.48% on Thursday said it would cut roughly 5% of its workforce in an effort to reduce costs by $300 million annually as industry volumes decline. The Marlboro maker announced the layoffs on the same day it reported profit and revenue for the fourth quarter that missed Wall Street expectations as cigarette shipments slipped and earnings declined from its stake in SABMiller PLC's beer business. Altria's earnings rose slightly to $1.25 billion, or 64 cents a share, from $1.24 billion, or 63 cents a share, a year earlier. The results foreshadowed some of...
  • Chicago school district announces layoffs in central office

    01/21/2016 5:32:26 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Jan 21, 2016 5:38 PM EST
    The head of the Chicago Public Schools says the district will lay off some of its central office staff on Friday. District CEO Forrest Claypool's statement came a day after top Illinois Republicans called for a state takeover of the financially troubled school district, which has a nearly $1 billion budget deficit that could lead to thousands of teacher layoffs and a strike. ...
  • The CEO of the world's largest investor thinks layoffs are on the way

    01/19/2016 2:44:38 PM PST · by SeekAndFind · 16 replies
    Business Insider ^ | 01/19/2016 | Matt turner
    Markets have been going haywire.And according to Larry Fink, CEO of BlackRock, that has the potential to lead to layoffs through the first half of the year.BlackRock is the world's largest investor, with about $4.5 trillion under management.Fink said in an interview Friday morning with CNBC that the market volatility of late could affect CEO confidence and could lead to more layoffs.He said (emphasis ours):Having a market decline like this in the first couple of weeks of the year really, in my mind, puts a negativity across the economy. A negativity to every CEO who is looking at his or...
  • Morgan Stanley's CEO just uttered the 3 words every employee dreads: Lower Cost Centers

    01/19/2016 1:36:44 PM PST · by SeekAndFind · 11 replies
    Business Insider ^ | 01/19/2016 | Portia Crowe and Matt Turner
    Morgan Stanley just announced fourth-quarter earnings, and it is providing detail to investors on a cost-saving plan called Project Streamline. During a conference call, CEO James Gorman uttered a sentence that will most likely make the bank's staff shudder. "Too many employees based in high-cost centers are doing work that can sensibly be done in LOWER-COST CENTERS," he said. "Now is the time to tackle head-on our infrastructure costs." The mention of "lower-cost centers" most likely means the bank is looking to shift jobs overseas or to low-cost locations in the US. His comments echo a line in his presentation,...
  • WAL-MART TO SHUTTER 269 STORES, 154 OF THEM IN THE US

    01/15/2016 7:40:28 AM PST · by bryan999 · 35 replies
    NEW YORK (AP) -- Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. More than 95 percent of the stores set to be closed in the U.S. are within 10 miles of another Wal-Mart. The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations. The store closures will start at the end of the month.
  • Wal-Mart to Close 269 Stores as It Retools Fleet (In US: 154 stores, 10,000 jobs lost)

    01/15/2016 6:25:32 AM PST · by kristinn · 88 replies
    CNBC ^ | Friday, January 15, 2016 | Krystina Gustafson and Courtney Reagan
    Wal-Mart said Friday it will close 269 stores across the globe, including 154 in the U.S. The world's largest retailer also will open as many as 405 stores globally in the coming fiscal year, as it shifts its focus toward Supercenters and Neighborhood Markets in profitable locations. In all, 16,000 employees will be impacted by the store closings, about 10,000 of whom are in the U.S. Also domestically, Wal-Mart will also close 23 Neighborhood Market stores, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam's Clubs.
  • Job Cuts at Macy's Signal Hard Times Ahead for Retailers: 4,800 layoffs after miserable holiday

    01/10/2016 6:09:11 AM PST · by SeekAndFind · 19 replies
    ABC News ^ | 01/10/2016
    Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation's largest department store chain, which also operates Bloomingdale's, said late Wednesday it is cutting up to 4,800 jobs and trimming its profit outlook after a miserable holiday season. "I think Macy's is likely to be a canary in a coal mine," said Ken Perkins, president of Retail Metrics, a retail research firm. He said retailers witnessed an acceleration of the shift toward online and mobile holiday spending in 2015. About...
  • 6 Big Cities See Hiring Fade After Minimum Wage Hikes

    01/09/2016 10:23:38 AM PST · by QT3.14 · 39 replies
    IBD ^ | January 6, 2016 | Jed Graham
    U.S. cities that implemented big minimum-wage hikes to $10 an hour or more in 2015 have seen a strikingly similar aftermath: Job gains have fallen to multiyear lows at restaurants, hotels and other leisure and hospitality venues. The data aren't, for the most part, stark and reliable enough to amount to smoking-gun proof. But Chicago, Oakland, San Francisco, Seattle, Los Angeles and Washington, D.C. — all on the leading edge of the push for big minimum wage hikes — all show worrisome job trends.
  • REPORT: Morgan Stanley is cutting 1,200 staff

    12/08/2015 8:00:08 AM PST · by SeekAndFind · 1 replies
    Business Insider ^ | 12/07/2015 | Matt Turner
    The news on Morgan Stanley's job cuts continues to roll in. The US bank is cutting 1,200 staff, including about 470 front-office staff in its fixed income and commodities business, according to Michael J. Moore at Bloomberg, who cited a person briefed on the matter. Mark Lane, a spokesman for the bank, said the bank would take a $150 million charge in the fourth quarter, according to the Bloomberg report. Business Insider reported Monday that emerging markets sales and trading was one of the areas hardest hit by the cuts.
  • Layoff (734 employees) at Dublin (VA) Volvo (truck) plant comes as union contract nears expiration

    12/02/2015 7:59:22 AM PST · by Perseverando · 11 replies
    The Roanoke Times ^ | December 1, 2015 | Robby Korth and Yann Ranaivo
    MATT GENTRY | The Roanoke Times A Volvo truck with its iconic diagonal grill slash drives past the Volvo New River Valley Plant in Dublin Tuesday. Volvo Trucks' Dublin plant will lay off 734 employees in February. DUBLIN - Those in and around Pulaski County's Volvo truck plant, one of the largest employers in Western Virginia, were coming to terms Tuesday with another announcement of a mass layoff. Volvo will lay off 734 production employees over a three-week period in February, news that county officials first learned after a notice the company filed Tuesday. That represents a quarter of...
  • Disney is losing ESPN subscribers by the millions [Feel Good Story of the Day!]

    11/26/2015 8:14:12 AM PST · by SoFloFreeper · 49 replies
    Marketwatch ^ | 11/26/15 | Barbara Kollmeyer
    .... Walt Disney Co. has revealed that it lost three million subscribers to its sports network ESPN within one year..... ....Based on that, the loss of 3 million subscribers in one year would be taking around $216 million away from Disney's coffers.....
  • Macy’s Announces Major Sales Drops Now Cutting Full-Year Forecast… Posted

    11/12/2015 2:10:52 PM PST · by detective · 84 replies
    Breitbart ^ | November 11, 2015 | Sundance
    Macy's is blaming "warm weather" and "low spending from tourists" for a massive drop in sales and excessive on hand inventory, which has now caused them to cut their full year sales forecast.
  • Kraft Heinz To Close Seven Plants, Cut 2,600 Jobs

    11/05/2015 8:24:15 PM PST · by robowombat · 24 replies
    Manufacturing News ^ | Thu, 11/05/2015 - 9:37am | Andy Szal,
    Kraft Heinz To Close Seven Plants, Cut 2,600 Jobs Thu, 11/05/2015 - 9:37am Andy Szal, Digital Reporter Kraft Heinz on Wednesday announced that it will close seven facilities and cut 2,600 jobs as part of its continued efforts to reduce costs. The plan includes shuttering the nearly century-old Oscar Mayer plant in Madison, Wisconsin, which houses the company's U.S. meats business. The meats operation will instead move to Chicago along with about 250 of the plant's workforce of more than 1,000. Kraft Heinz will move its Illinois office from the former Kraft headquarters in suburban Northfield to downtown Chicago early...
  • Ex-Disney Worker, Attorney Warn of ‘Knowledge Transfer’ to Foreign Guest Workers

    11/05/2015 12:14:57 PM PST · by Rusty0604 · 54 replies
    Breitbart ^ | 11/05/2015 | by Caroline May
    Technology companies across the country are replacing American employees and “transferring” their knowledge to foreign guest workers, according to Sara Blackwell, an attorney for Disney employees replaced by foreign workers, and Leo Perrero, a former Disney employee. “Right now all of the technology jobs, 90 percent of them are being filtered to H-1B visa holders here and then off-shoring to other countries. Knowledge transfer is what we’re doing,” Blackwell said during an interview with SiriusXM’s Breitbart News Daily. Blackwell argued that technology is the future but that Americans are not the ones getting those coveted tech jobs. “Twenty-six percent right...
  • Target to close 13 stores nationwide amid plummeting profits

    11/04/2015 5:21:37 PM PST · by gwgn02 · 34 replies
    DailyMail ^ | 11/4/2015 | AP
    Target plans to close 13 stores nationwide, most in the Midwest where the store has its roots. The Minneapolis, Minnesota-based retailer says a decision to close a store usually follows several years of decreasing profitability. The retail giant plans to close the stores on January 30, 2016. The 13 are among Target's nearly 1,800 stores in the U.S.
  • Tribune Reporter: Ted Cruz declares war on 'liberal media' — so I declare war on Ted Cruz

    10/29/2015 9:18:53 PM PDT · by IncPen · 127 replies
    Chicago Tribune ^ | 10/29/15 | Rex Huppke
    I am sorry to have to do this, but as a representative of the mainstream media, I hereby declare war on GOP presidential candidate Sen. Ted Cruz. In the media's defense, Cruz started it. Literally. -- snip -- Strap on your boots, Teddy boy. We're comin' for ya now. And we've got the weapon you fear the most: the truth.
  • Layoffs at Twitter will be the first big act of Jack Dorsey's return as CEO

    10/10/2015 11:15:08 AM PDT · by 2ndDivisionVet · 4 replies
    Mashable ^ | October 9, 2015 | Seth Fiegerman
    Jack is back and he's bringing company-wide layoffs with him. Twitter is said to be planning to announce layoffs across most departments of the company next week, according a report late Friday from Re/code. The precise number or percentage of staff affected is unclear. "Were not commenting on rumor and speculation, a spokesperson for Twitter told Mashable. Speculation about the move comes just days after Twitter announced that cofounder Jack Dorsey would take over as the permanent CEO, following a lengthy search. While the layoffs will almost certainly hit company morale, it should appease investors eager to see Twitter rein...
  • Monsanto to Cut 2,600 Jobs in Restructuring

    10/08/2015 11:08:25 AM PDT · by Lorianne · 5 replies
    Wall Street Journal ^ | 07 October 2015 | Jacob Bunge
    Biotech seed giant also gives a downbeat forecast for its fiscal year, as quarterly loss widens ___ Monsanto Co. , buffeted by a slumping global farm economy, outlined plans to slash 12% of its workforce and restructure its business as it reported a larger quarterly loss. The biotechnology-seed maker plans to cut 2,600 jobs while streamlining and reprioritizing commercial and research efforts as it grapples with declining crop prices that have pinched incomes for farmers, its main customers. Monsanto projected earnings in its fiscal 2016 that fell below analysts expectations. The St. Louis company also Wednesday unveiled a new stock-buyback...
  • HP Employees Wont Give Carly Fiorina a Dime

    10/01/2015 5:56:22 AM PDT · by jimbo123 · 14 replies
    Daily Beast ^ | 10/1/15 | Patricia Murphy
    Out of the thousands of people she worked with, why are only two giving Fiorina a reportable amount of cash? The employees at Hewlett-Packard, where Carly Fiorina was CEO for six years, dont seem interested in seeing their old boss become commander-in-chief. Of the 302,000 employees at the company, not one has given a reportable amount to help Fiorina fund her 2016 presidential campaign, according to the campaigns most recent FEC filings, which lists all donations over $200. HPs corporate leadership also doesnt seem keen on the idea of Fiorina in the White House. Among the 12-member board of directors,...
  • Carly Fiorinas Super PAC Aids Her Campaign, in Plain Sight (Illegal coordination?)

    09/30/2015 8:43:12 AM PDT · by jimbo123 · 11 replies
    NY Times ^ | 9/30/15 | NICK CORASANITIS
    The table festooned with red Carly for America placards arrived hours before the candidate. Political operatives took up positions outside the front door to catch supporters of Carly Fiorina, the corporate executive-turned-Republican contender, and gather their contact information before steering them inside to the room where she would speak. But the table, the placards and the workers didnt belong to Mrs. Fiorinas campaign. They were there thanks to the super PAC supporting her run for president. The Federal Election Commission forbids direct coordination between campaigns and super PACs, lest candidates effectively rely almost entirely on the huge, unlimited donations of...
  • Inside Carly Fiorina's California campaign meltdown

    09/30/2015 6:51:26 AM PDT · by jimbo123 · 38 replies
    CNN ^ | 9/30/15 | Maeve Reston
    Carly Fiorina is surprising many Republicans with her meteoric rise to the top tier of the 2016 GOP race. But here in California, her sparkling performances on the campaign trail look more like a case of dj vu. Before plummeting to a 10-percentage-point loss during a wave year for Republicans in 2010, the former chief executive mounted a fierce challenge to U.S. Sen. Barbara Boxer with all of the same assets she is displaying now. She dazzled voters, particularly women, with her secretary-to-CEO life narrative. She impressed them with her toughness -- from her well-placed jabs at Boxer to her...
  • Carly Fiorina again tackles her legacy at Hewlett-Packard

    09/28/2015 9:36:26 AM PDT · by jimbo123 · 11 replies
    LA Times ^ | 9/28/15 | MARK Z. BARABAK, ANDREA CHANG AND SEEMA MEHTA
    When Carly Fiorina ran for U.S. Senate, opponents depicted the former corporate executive as a cold-hearted job killer, using her past statements like a noose around her neck. Americans have no God-given right to a job, said the former Hewlett-Packard chief. When youre talking about massive layoffs, sometimes theyre warranted. Off-shoring shipping American jobs overseas was right-shoring. Now, though, running for president, Fiorina has softened her tone, acknowledging the human toll of lost jobs and explaining at greater length and depth the actions she took as a powerful Silicon Valley executive, including overseeing tens of thousands of layoffs....
  • Fiorina says she was 'offered many jobs' after HP firing

    09/27/2015 9:27:38 AM PDT · by jimbo123 · 52 replies
    Politico ^ | 9/27/15 | KYLE CHENEY
    Carly Fiorina said on Sunday she had plenty of job offers after being fired as the CEO of Hewlett Packard, including posts in the George W. Bush administration, but she decided against them. "I didnt want to go back to work as a CEO," the Republican presidential contender said on NBC's "Meet the Press," rejecting suggestions her lack of private-sector employment after leaving HP is an indictment of her leadership. "Yes, I was offered many jobs as a CEO, in the Bush administration. I wanted a break, and then I wanted to give back."
  • Fiorinas record at HP defines her candidacy which could be a problem

    09/26/2015 6:38:38 PM PDT · by jimbo123 · 16 replies
    Washington Post ^ | 9/26/15 | Drew Harwell and Danielle Paquette
    At a polished New York press announcement in 2001, Hewlett-Packard chief executive Carly Fiorina, then the most powerful woman in American business, unveiled an immensely risky mega-merger whose success she promised with her signature showmanship: If you dont believe it, watch. But 3 1 / 2 years later, after HP had shed half its market value and slashed more than 30,000 jobs amid what rivals called the dumbest deal of the decade, Fiorina was quietly fired from her first and still only job as a CEO. She succumbed to a brutal battle with the founders families, a worker uprising and,...
  • Here's the latest executive to call Carly Fiorina's business record 'disastrous'

    09/26/2015 6:30:24 PM PDT · by jimbo123 · 13 replies
    Fortune ^ | 9/26/15 | Stephen Gandel
    Carly Fiorina may come from the executive suite, but that hasnt stopped other executives from slamming her record. The latest critique comes from Steven Rattner, a former Wall Street banker and private equity executive. Rattner, in an opinion piece in the New York Times on Saturday, called Fiorinas time as the CEO of HP short and disastrous. Rattner said HPs acquisition of Compaq, pushed through by Fiorina, caused an amount of divisiveness at the company that Rattner says he never saw in his 33-year career on Wall Street. He said that while Fiorina did serve during a tough period for...
  • The ads that tore Fiorina down in 2010 and might do it again

    09/26/2015 2:17:01 PM PDT · by jimbo123 · 5 replies
    MSNBC ^ | 9/26/15 | Jane C. Timm
    In late 2010, polls showed Carly Fiorina within a point or two of beating Californias Democratic incumbent Sen. Barbara Boxer. The Republican candidate was impressing on the trail and gaining traction with voters, much like she is now as a Republican presidential contender. And then the attack ads began. Thirty thousand Californians lost their jobs, the narrator of an ad released in mid-September said of Fiorinas legacy as CEO of the Silicon Valley tech giant Hewlett Packard. Fiorina tripled her salary, bought a million dollar yacht, and five corporate jets. Her poll numbers dipped and they never quite recovered....
  • Will Carly Fiorinas surge be undermined by her HP record?

    09/26/2015 2:03:25 PM PDT · by jimbo123 · 29 replies
    Christian Science Monitor ^ | 9/26/15 | Cathaleen Chen
    In 2010, Fiorina's Senate campaign was severely undermined by a series of attack ads that emphasized her failure as a Hewlett-Packard CEO. Could this happen again? Carly Fiorina is doing well in polls. As Donald Trump saw his support drastically diminish following the second GOP debate, the businesswoman swiftly rose to No. 2 with 15 percent of Republican support. But critics are skeptical that her success will persist. The reason? Her dismal tenure as CEO of Hewlett-Packard from 1999 to 2005, during which 30,000 employees were laid off. In 2010, Mrs. Fiorina ran for Senate in California, against Democratic incumbent...
  • Carly Fiorina Really Was That Bad

    09/26/2015 1:58:06 PM PDT · by jimbo123 · 37 replies
    NY Times ^ | 9/25/15 | Steven Rattner
    HER silver tongue honed by decades in corporate marketing, Carly Fiorina has used two debates, and a steely determination on the campaign trail, to climb near the top of the polls for the Republican nomination. But Americans should pause on her biggest professional credential for our highest office: a short, disastrous stint atop one of Americas iconic technology companies, Hewlett-Packard. The clearest measure of her performance and the report card preferred by Wall Street is H.P.s stock price, which dropped by 52 percent during her tenure of almost six years. Yes, Mrs. Fiorina served during the worst fall...
  • Fiorina had that job-killing touch

    09/25/2015 6:16:48 AM PDT · by jimbo123 · 10 replies
    San Francisco Chronicle ^ | 9/24/15 | Richard Rapaport
    That Carly Fiorina was a one-woman wrecking crew during her tenure as CEO of Hewlett-Packard was never in doubt. But what follows is a tale that is now being picked up and distributed as the Republican Party seeks a nominee who combines business savvy and executive know-how. Sadly, the former executive who most closely fits this particular bill also has exhibited the kind of corporate arrogance and blind certitude that came close to sinking what had been considered among the worlds best technology companies: Hewlett-Packard. At HP beginning in the mid-1990s, Fiorina was responsible for the ill-fated merger with Compaq,...
  • Fiorina wrestles with the Hewlett-Packard ghosts

    09/24/2015 5:40:35 PM PDT · by jimbo123 · 8 replies
    Politico ^ | 9/24/15 | ELI STOKOLS
    Fiorina, pictured in 1999, says on the campaign trail that she had to burn down Hewlett Packard in order to save it. Carly Fiorinas business background is an essential part of the story she tells on the campaign trail, offering an only in America biographical tale of her journey from secretary to CEO. Yet the crowning achievement of her corporate career -- her tenure as a Fortune 500 CEO at Hewlett-Packard -- isn't central to her stump speech. Repeating the same lines from stop to stop, Fiorina rails against an "inept, corrupt bureaucracy." She offers herself up as a leader...
  • At Hewlett-Packard, Carly Fiorina snuffed out a beloved tech culture

    09/24/2015 6:22:06 AM PDT · by jimbo123 · 44 replies
    LA Times ^ | 9/24/15 | Robin Abcarian
    Its hard to overestimate the impact that two young Stanford graduates, working in a small wooden garage behind a brown shingled house in 1939, had on the world of high technology. Without David Packard and William Hewlett, there would probably be no Silicon Valley. The pair were known not just for technical innovation and global success. They were accidental corporate chieftains who created an ethos of profitability, humility and collegiality that came to be known as the HP Way. Their doors were not just always open; they didnt even have doors. They enshrined the idea of management by wandering. Bill...
  • What Carly Fiorina's Failed Senate Race Says About Her Presidential Campaign

    09/23/2015 2:09:51 PM PDT · by jimbo123 · 8 replies
    IBT ^ | 9/23/15 | Abigail Abrams
    As Carly Fiorina gains increased media attention and ramps up her presidential campaign after her strong performance in the second Republican debate last week, she may still be struggling to overcome the obstacles that led to her defeat the only previous time she sought elected office. While Fiorina has billed herself as an "outsider" candidate, she does have political experience -- she just wasnt successful. Her 2010 campaign to unseat U.S. Sen. Barbara Boxer in California saw fierce campaigning (shes often remembered for the demon sheep ad) and pressure on Fiorina to defend her business record before the former Hewlett-Packard...
  • Fiorina Misleads on HP and Iran

    09/23/2015 6:06:13 AM PDT · by jimbo123 · 9 replies
    Annenberg Public Policy Center ^ | 9/22/15 | Lori Robertson and Eugene Kiely
    Carly Fiorina made several false, misleading and unsubstantiated claims in responding to questions about Hewlett-Packards involvement with a foreign subsidiary that sold products in Iran. The former HP CEO claimed that a Securities and Exchange Commission investigation proved that neither I nor anyone else in management knew about a Hewlett-Packard subsidiary doing business in Iran. We have found no such ruling from the SEC, nor could Fiorinas campaign provide one. She also claimed that the company that actually sold HP products in Iran was not honest with HP about its dealings. But that company said in a 2003 press release...
  • Fiorina camp pushes back on criticism of HP tenure (Attacks messenger, not facts...)

    09/22/2015 2:10:52 PM PDT · by jimbo123 · 13 replies
    Politico ^ | 9/22/15 | ELIZA COLLINS
    Carly Fiorinas campaign is defending her record as the CEO of Hewlett-Packard. In a post published on Medium, Fiorinas Deputy Campaign Manager Sarah Isgur Flores took on criticism about the candidate, pushing back on recent reports characterizing the retired tech executive's tenure as a failure. Theres a lot of armchair CEOing going on around here. And some folks seem to have taken the Invent motto to mean they get to invent their own facts, Isgur Flores writes, referring to the HP motto during Fiorinas tenure. Fiorina was fired in 2005. Isgur Flores then goes on to list 10 things she...
  • HP didn't actually fire all the employees it threatened to cut

    09/22/2015 1:36:42 PM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 09/22/2015 | Julie Bort
    HP's plan to shift workers off its payroll and have them work as contract workers for a partner named Ciber isn't going exactly as planned, multiple sources have told Business Insider. HP didn't actually follow through with its threat to fire all of the employees if they refused the new job offer. A few of the employees who refused the new offer are now being asked to stay on at HP as if no layoff ultimatum ever happened. To recap: HP told several hundred employees in its Enterprise Services division, HP's consulting unit, that HP had lined up a new...
  • Fact Check: Carly Fiorina's latest defense of her HP track record has holes

    09/22/2015 10:06:42 AM PDT · by jimbo123 · 18 replies
    Fortune ^ | 9/22/15 | Stephen Gandel
    Carly Fiorina said on The Tonight Show that her track record at HP included improving market share. But thats not true. Carly Fiorinas latest defense of her track record at Hewlett Packard doesnt quite add up. Monday night, on The Tonight Show with Jimmy Fallon, the GOP Presidential hopeful stepped up her effort to paint her time at the top of one of the nations largest technology companies as a success. Fallon remarked that her rise from a secretary at a small real estate company to the head of HP HPQ -2.42% was remarkable, but he also mentioned critics who...
  • Barbara Boxer: Carly Fiorina doomed by record, 'mean-spiritedness' (Roadmap for Hillary)

    09/22/2015 5:57:03 AM PDT · by jimbo123 · 29 replies
    CNN ^ | 9/21/15 | Tal Kopan,
    The woman who fended off Carly Fiorina to retain her Senate seat in 2010 says when America learns more about Fiorina's business record and "mean" spirit, she will no longer be riding high in the polls. As Fiorina soars in recent surveys for the Republican presidential nomination on the back of two strong debate performances, the race between the former Hewlett-Packard CEO and California Sen. Barbara Boxer is coming back into the spotlight. -snip- "When you examine her record and the fact that she shipped 30,000 jobs overseas and forced those beautiful employees to even train their foreign replacements, when...
  • Fiorina faces grilling on Iran printer sales, layoffs

    09/21/2015 7:37:11 AM PDT · by jimbo123 · 7 replies
    Washington Examiner ^ | 9/20/15 | ROBERT KING
    Republican presidential candidate Carly Fiorina is riding high since she put up another strong debate performance on Wednesday, with a new poll showing her vaulting into second place in the GOP primary. But she is set to face more scrutiny befitting her status in the top tier of the GOP primary race. One example was the grilling she took during an interview with Chris Wallace on "Fox News Sunday." Fiorina, who lost a Senate bid by 10 points to Sen. Barbara Boxer, D-Calif, in 2010, was on the defensive about her record as CEO of Hewlett-Packard, where she oversaw a...
  • Banks are threatening more layoffs if the Fed doesn't hike

    09/19/2015 10:37:18 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 09/19/2015 | Wolf Richter
    Let me assure you, if the revenue environment weakens or interest-rate structures dont move up, and the economy slows down, well have to take out more costs, Bank of America CEO Brian Moynihan said on Thursday at the Barclays Global Financial Services Conference. And that would mean more job cuts.BofA is famous for whittling down its headcount in recent years. In Moynihans 25-slide presentation, there was this chart that shows just how skillfully he has trimmed down his workforce, chopping it by 25% overall since the second quarter of 2011:Wolf Street So if, as he said, interest-rate structures dont move...
  • Fact-checking Sen. Barbara Boxer's attack ad on Carly Fiorina's record at HP (GOPe flashback)

    09/17/2015 5:04:42 PM PDT · by jimbo123 · 19 replies
    Politifact ^ | 9/17/15 | Robert Farley
    In a race to represent California in the U.S. Senate, Republican Carly Fiorina has emphasized her "real-world" business experience as chief executive officer of one of the world's largest tech companies. But Fiorina's controversial 6-year tenure as CEO of computer-maker Hewlett Packard has also been used by Democrats to attack her. The latest attack ad from the Sen. Barbara Boxer campaign picks up on a thread introduced in the primary -- accusing Fiorina of laying off tens of thousands of workers at HP, shipping jobs overseas and all the while padding her own bank account and toy box. Here's what...
  • HP to jettison up to 30,000 jobs as part of spinoff

    09/16/2015 3:09:48 PM PDT · by jimbo123 · 5 replies
    KXXV ^ | 9/16/15 | MICHAEL LIEDTKE
    Hewlett-Packard Co. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history. -snip- Things began to change at the outset of this century under former CEO Carly Fiorina, now a candidate for the Republican Party's nomination in the 2016 race for president. Fiorina engineered a $25 billion acquisition of PC maker Compaq that angered many shareholders, including heirs of the company's founders. She cut more than 30,000 jobs before she was fired a decade ago.
  • HP Slashing An Extra 30,000 Jobs As It Completes Transformation

    09/16/2015 7:55:05 AM PDT · by jimbo123 · 30 replies
    Forbes ^ | 9/15/15 | Maggie McGrath
    The Hewlett-Packard Company is no stranger to job cuts: During the Carly Fiorina era in the early aughts, the companys workforce was slashed by 30,000. Fast forward to the Meg Whitman years and the company is still thinning itself out: following job cut announcements in 2014 that amounted to a 55,000-person reduction in headcount, the tech giant said Tuesday that it expects to lose another 30,000 jobs as a part of its planned transformation. In a meeting with analysts Tuesday, HP provided an updated look at its plans to split into two publicly traded companies HP Inc, which will...
  • EPA's Clean Power Plan will hurt poor Blacks, Hispanics and whites the most (as Hussein promised)

    09/15/2015 6:25:54 PM PDT · by Libloather · 6 replies
    Fox News ^ | 9/14/15 | Peter Ferrara
    When Obama was speaking to environmentalist supporters in 2008 regarding his plans to address climate change, he candidly revealed, Under my plan, electricity costs will necessarily skyrocket. Obamas White House Science Advisor John Holdren later elaborated, We need to de-develop the United States to bring our economic system into line with the realities of ecology and the global resource situation. The so-called Clean Power Plan proposed by Obamas EPA is well-designed to do precisely that -- de-develop the United States. A new study from the National Black Chamber of Commerce estimates the regulation will cause job losses reaching 7 million...
  • Behold The European Recovery: Deutsche Bank To Fire 25% Of All Workers

    09/14/2015 8:06:28 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 09/14/2015 | Tyler Durden
    Deutsche Bank has witnessed an exodus of executives this year in whats been a tough stretch for the German lender. Heres a brief recap of the banks recent trials and travails for those who need a refresher: The bank, which has paid out more than $9 billion over the past three years alone to settle legacy litigation, has become something of a poster child for corrupt corporate culture.In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee) and subsequently paid $55 million to the SEC (an agency thats been run by...
  • 698,000 Native-Born Americans Lost Their Job In August: Why This Is The Most Important Jobs Chart

    09/08/2015 8:14:38 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 09/08/2015 | Tyler Durden
    After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue to decline, some have asked - is there any labor-related chart that matters any more?The answer:...
  • Displaced Disney Cast Member: How They Replaced Me, Other Americans, With Cheap Foreigners On H1B...

    09/07/2015 11:07:16 AM PDT · by Enlightened1 · 138 replies
    Breitbart ^ | 09/07/15
    <p>As a patriotic and proud citizen of the United States, I have a story to share that has not only impacted my family, hundreds of colleagues, but also current and future United States workers.</p> <p>As I watched the grim faced Disney Executive, it was obvious that bad news was going to be delivered. The dead silence was broken when the Disney Executive made a harsh announcement. All of you in this room will be losing your jobs in the next 90 days. Your last day of employment for this company will be January 30, 2015. Your jobs have been given over to a foreign workforce. In the meantime you will be training your replacements until your jobs are 100 percent transferred over to them and if you dont cooperate you will not receive any severance pay. Also, if we dont feel confident that we have captured everything that you do we can, at our discretion, keep you longer than the 90 days until we have captured everything that you do with this job. Dont discuss this meeting with anybody else in the company. Everybody in the room was appalled at the message. I was completely silent thinking how this was going to affect my coworkers and how I was going to break the news to my wife and children back at home as I was the only person in my home with a steady job. How would I pay for all the expenses that go along with a home, a wife, and children?</p>
  • Report: Half of schools cut cafeteria staff as kids abandon Obama menus

    09/04/2015 6:10:41 AM PDT · by PROCON · 38 replies
    washingtonexaminer.com ^ | Sept. 3, 2015 | Paul Bedard
    President and first lady Michelle Obama's bid to cut kid obesity through new demands for more costly but healthier food is financially crushing the nation's school cafeterias, forcing staff cuts, boosting waste and killing plans to buy new equipment, according to an industry association. A new survey from the School Nutrition Association reported that 70 percent of the nation's lunch programs have been financially "harmed" by the new low-salt, low-sugar menus and that a stunning 93 percent report fewer students buying the chow. "Meeting these mandates has harmed the financial health of nearly 70 percent of school meal programs surveyed,...
  • Total Job Cuts in 2015 To Be Biggest Since 2009: Challenger

    09/03/2015 8:20:56 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 09/03/2015 | Tyler Durden
    Moments ago Challenger reported August job cuts, which at 41,186 were a 60% drop from the 115,730 reported last month (the highest since September 2011), which however was driven by a one-time mass layoffs last month in military staffing. Putting August in its correct perspective, the number was 2.9% higher than the same month a year ago, when 40,010 planned job cuts were announced. What is troubling is that this marks the seventh month this year that the job-cut total was higher than the comparable month from 2014.What is worse is that for all the euphoria about initial claims...