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Layoffs

The Layoffs Will Be Blogged

New York Times | CLAIRE CAIN MILLER | Posted 05.25.2011 | Home

SAN FRANCISCO -- During past downturns, layoffs were mostly a private affair. Big companies tended to issue vague press releases filled with jargon ab...

Circuit City Closing 20% Of U.S. Stores To Save Cash

Silicon Alley Insider | Dan Frommer | Posted 05.25.2011 | Home

Here come the closeout sales: Circuit City (CC) says it's shuttering 155 of its 721 U.S. stores, or about 20%, to save cash. The declining electronics...

Motorola To Cut 3,000 Jobs, Mostly From Cell Phone Division

Silicon Alley Insider | Dan Frommer | Posted 05.25.2011 | Home

Motorola (MOT) announced this morning that it's aiming for $800 million in cost savings next year, including $600 million from its money-losing cellph...

Time Inc. To Lay Off 600 Employees, Organize Titles Into Three Divisions

New York Times | Tim Arango | Posted 05.25.2011 | Home

Time Inc., the world's largest magazine company, is set to announce a revamping that will result in job cuts of 6 percent -- more than 600 positions -...

Fidelity Layoff Rumor Gains Traction, But Not Confirmed

Reuters | Posted 05.25.2011 | Home

BOSTON (Reuters) - Fidelity Investments said on Tuesday it was reviewing its costs and staffing following an industry report that said as many as 4,00...

Chrysler to Cut 25% of Salaried and Contract Jobs

New York Times | Nick Bunkley | Posted 05.25.2011 | Home

The automaker said that it would offer buyout and early retirement packages in the next two weeks and that layoffs would follow in December. As many a...

Yahoo Layoff Memo Full Text

Silicon Alley Insider | Nicholas Carlson | Posted 05.25.2011 | Home

Yahoo is going to fire at least 10 percent of its global workforce by year-end, CEO Jerry Yang told employees in a company wide memo today (1400+). ...

Economist: Bush Administration Needs A 180 On Unemployment Policy

Economix | Alan B. Krueger | Posted 05.25.2011 | Home

Public labor exchange offices were established in the early days of the New Deal to help the unemployed find jobs. This function is now done in One-St...

If We Could "Elect" the President of the Company We Work for... Who'd Get Your Vote?

Stephen Viscusi | Posted 05.25.2011 | Home
Stephen Viscusi

A lot of jobs, including the President of the United States, tend to be on autopilot.

Slipping Backwards: The Loss of Two Journalists of Color at the Chicago Sun-Times Reflects the Growing Whitewashing of the News

Daniel Sinker | Posted 05.25.2011 | Home
Daniel Sinker

All the gumshoe reporters, "sticking up for the little guy" newspaper cliches apply: That was the Sun-Times.

Barclays To Cut 3,000 Jobs After Lehman Deal

Fortune | Barney Gimbel and Peter Gumbel | Posted 05.25.2011 | Home

LONDON (Fortune) -- Barclays PLC will cut about 3,000 jobs in the aftermath of its purchase of bankrupt Lehman Brothers' North American investment ban...

When Tough Times Weigh On The Kids

Wall Street Journal | Sue Shellenbarger | Posted 05.25.2011 | Home

At a little under three years of age, Bailey Haag can't understand the turmoil on Wall Street. But last week, the little girl's brow furrowed and her ...

Lehman Layoffs: Will They Include George Herbert Walker IV?

Radar | Posted 05.25.2011 | Home

Radar caught a new angle in the financial crisis -- after Barclay's buys up parts of Lehman Brothers, there will likely be layoffs. But will they incl...

Layoffs Turn People Into Hermits

LiveScience.com | Jeanna Bryner | Posted 05.25.2011 | Home

Layoffs can turn social butterflies into near hermits who shun such outlets as book clubs and even church groups, finds a new study. Workers who expe...

Planned Layoffs Rise In July

Reuters | Posted 05.25.2011 | Home

NEW YORK (Reuters) - Planned layoffs at U.S. companies jumped 26 percent in July from June, depicting further deterioration in the labor market, a rep...

Hidden Toll Of Downturn: Millions Of Full-Time Jobs Cut To Part-Time

New York Times | Peter S. Goodman | Posted 05.25.2011 | Home

The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million -- the l...

GM To Cut 5,000 Salaried Jobs

Wall Street Journal | Sharon Terlep | Posted 05.25.2011 | Home

DETROIT -- General Motors Corp. is looking to cut its U.S. salaried headcount by 15%, or around 5,000 workers, by Nov. 1 as part of a plan to trim $10...

Divorce is Up, Personal Trainers Down

Vicky Ward | Posted 05.25.2011 | Home
Vicky Ward

People in every sector fear they could be laid off at any second. Divorce rates are up; personal trainers are losing their clients. No one has the time or inclination to work out. The toll is unguessable.

Ladies Who Launch: Lay-Off Could Mean Free-Lance

Amy Swift | Posted 11.17.2011 | Home
Amy Swift

Women are leaving corporate America in droves. Some of them are forced to go and others just can't stand it anymore. With the right planning and mindset, it might be the best thing you ever do.

Recession-Proof Jobs

BusinessWeek | Albert Sun | Posted 05.25.2011 | Home

These are tough times for job seekers. The U.S. unemployment rate held steady in June at 5.5%, the highest rate since October 2004. The outlook is esp...

GM Job Cuts Likely Coming Soon

Reuters | Posted 05.25.2011 | Home

(Reuters) - No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop pr...

The Hidden Costs Of Layoffs

BNET | Carlos Bergfeld | Posted 05.25.2011 | Home

While layoffs may seem like a good way to cut costs in the short-term, the direct and indirect costs of downsizing can paralyze your company's long-te...

How To Make A Layoff Less Awkward

The New York Times | Jan Hoffman | Posted 11.17.2011 | Home

As the economy blasts away at white-collar workers as well as blue-collar ones, the newly jobless are learning an ungainly new language: How to spin t...

Morgan Stanley Plans To Cut 1,500 More Workers

CNBC | Charlie Gasparino | Posted 05.25.2011 | Home

Morgan Stanley is planning another round of layoffs in the coming days, finalizing a plan to slash another 5 percent from its securities-firm workforc...

Merrill Lynch To "Quietly" Cut Up To 15 Percent Of Workforce

CNBC | Posted 05.25.2011 | Home

Merrill Lynch is now planning to cut 10% to 15% of its workforce--excluding brokers--sometime in May, CNBC has learned. Merrill Lynch CEO John Thain ...