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Layoffs

Citigroup's Job Cuts Could Exceed 30,000

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime-related debt, CNBC has le...

Yahoo Layoffs Begin

Reuters Via ABC News | Posted 05.25.2011 | Business

As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees ...

Getting Fired At Yahoo: A Liveblog

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

Yahoo's Ryan Kuder was canned today. A drag for him, but a gift for the rest of us--because he Twittered it. A new form of literature is in the making...

Yahoo Going Forward With "Drastic" Layoffs: Source

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

A source close to Yahoo reports that Jerry Yang has decided to go forward with aggressive layoffs. The source believes the layoffs will be announced o...

Recession Watch: Is Your Job Safe?

ABC News | SCOTT MAYEROWITZ | Posted 05.25.2011 | Business

With bad news coming out of Wall Street almost daily and the U.S. economy teetering toward a recession, should Americans also be worried about losing ...

Layoffs On The Rise: Are You Prepared?

Fox Business | Kathryn Tuggle | Posted 05.25.2011 | Business

Here's another scary word (besides the evil "R" word) that has been showing up in the news headlines lately: layoffs. Should you be worried? "This is...

Reports: Citigroup May Write Down Up To $24 Billion, Lay Off 20,000 Workers

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

Citigroup could write down as much as $24 billion due to subprime and credit-related losses, CNBC has learned. In addition, the company could lay off ...

Analyst Calls For Layoffs At Yahoo

Silicon Valley Insider | Henry Blodget | Posted 05.25.2011 | Business

We've argued that Yahoo needs to cut 1,200 of its employees. Bernstein analyst Jeffrey Lindsay argues that the cuts need to go a lot deeper: 20% of th...

BBC To Cut 12 Percent Of Workforce

Financial Times | Andrew Edgecliffe-Johnson, Ben Fenton | Posted 05.25.2011 | Media

The BBC is poised to cut at least 12 per cent of its workforce, with the brunt of more than 2,000 redundancies falling on factual programming, senior ...

Bank Of America To Lay Off 2,500

AP Via USA Today | Posted 05.25.2011 | Business

Bank of America (BAC) will lay off about 2,500 employees in Illinois over the next two years as part of its planned $21 billion purchase of Chicago's ...