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Layoffs

The Zell Smell

Charles Warner | Posted 05.25.2011 | Media
Charles Warner

Sam Zell doesn't understand his employees or his consumers. He thinks they are like he is -- dumb, self-interested, and greedy. And they're not.

A Scenario for the Future of News

Jeff Jarvis | Posted 05.25.2011 | Media
Jeff Jarvis

Could journalism die? Yes, but I have faith and optimism that it will survive, evolve, and grow. I believe there will be a growing market demand for journalism; I know there is a growing need.

Weinsteins Cutting 11% Of Workforce

NY Post | Posted 05.25.2011 | Entertainment

The Weinstein Co. is laying off about 11 percent of its workforce as the sickly economic environment further invades Tinseltown, The Post has learned...

Jason Linkins

Star-Ledger Re-Assigns Reporters...To The Mailroom

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

Yowch! Over at Editor and Publisher, Joe Strupp reports on the latest developments at the financially troubled Star-Ledger of Newark, NJ, where two j...

After Prop 8, James Dobson Asks Who Would Jesus Fire?

Matthew Filipowicz | Posted 05.25.2011 | Entertainment
Matthew Filipowicz

The truth is, spreading hate and intolerance is a business just like anything else. And in business, sometimes you're forced to make tough choices.

The Ketchup Generation: Entry-Level Jobs Really are There for You, Even During a Recession; Here's the Secret

Stephen Viscusi | Posted 05.25.2011 | Business
Stephen Viscusi

Everyone I know under 30 loves ketchup -- on everything. When I grew up, it was just for french fries and hamburgers. Now, they practically want to use it as lube.

Laid-Off Silicon Valley Worker Kills Three

AP | TERRY COLLINS | Posted 05.25.2011 | Business

SANTA CLARA, Calif. — A 47-year-old engineer arrested on suspicion of fatally shooting three of his co-workers had been laid off hours earlier a...

The Economist Lays Off 12 Employees

AdAge | Nat Ives | Posted 05.25.2011 | Media

NEW YORK (AdAge.com) -- The Economist Group, whose flagship title was recently named Advertising Age's Magazine of the Year, has laid off about a doze...

British Phone Company BT To Cut 6,000 More Jobs As Net Profit Rises

AP | EMILY FLYNN VENCAT | Posted 05.25.2011 | Business

LONDON — BT Group PLC, Britain's largest phone company, on Thursday reported quarterly earnings rose 18 percent but said it would slash 6,000 mo...

Al Gore's Current TV Laying Off 60

CNET | Posted 05.25.2011 | Media

There have been layoffs at Current Media, the cable network co-founded by former U.S. Vice President Al Gore. A statement from Current put the number...

Who's Firing And Who's Hiring

CNBC | Dave Burdick | Posted 05.25.2011 | Business

The jobs market has been downright scary lately. Seems every day there's a long list of companies with layoffs, or a blog listing layoffs, or a projec...

CEOs Warn Of Huge Layoffs: Daley

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

Mayor Daley said Wednesday he's been warned by a parade of corporate CEOs that a blizzard of job cuts are about to bury the souring Chicago economy. ...

Ford Announces $129M Loss, 10 Percent American Salaried Job Cuts

AP | TOM KRISHER and JAMES PRICHARD | Posted 05.25.2011 | Business

DEARBORN, Mich. — Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion i...

If Life Gives You Limes, Make Margaritas

Andrea Chalupa | Posted 05.25.2011 | Business
Andrea Chalupa

His island empire may be laid back but it's no fool's gold. In 2006, Buffett ranked number seven on Rolling Stone's list of Richest Rock Stars, beating out Celine Dion and rapper 50 Cent.

Goldman Sachs Layoffs To Number 3,200

DealBook | Posted 05.25.2011 | Business

Goldman Sachs notified roughly 3,200 employees this week that they have been laid off, part of previously reported plans to slash 10 percent of the fi...

The Layoffs Will Be Blogged

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

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 | Business

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 | Business

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...

Qwest Profit Down, Will Cut 1,200 Jobs

AP | PETER SVENSSON | Posted 05.25.2011 | Business

NEW YORK — Qwest Communications International Inc. posted a profit for its third quarter Wednesday, but said the continued slide of its traditio...

Fidelity Layoff Rumor Gains Traction, But Not Confirmed

Reuters | Posted 05.25.2011 | Business

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...

Whirlpool to cut 5,000 jobs by end of 2009

AP | JAMES PRICHARD | Posted 05.25.2011 | Business

GRAND RAPIDS, Mich. — Whirlpool Corp. said Tuesday it is eliminating about 5,000 jobs this year and next, due in large part to the long downturn...

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

New York Times | Tim Arango | Posted 05.25.2011 | Media

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 -...

Chrysler to Cut 25% of Salaried and Contract Jobs

New York Times | Nick Bunkley | Posted 05.25.2011 | Business

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...

Auto Job Losses Keep Coming

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — The employment carnage in the ever-shrinking U.S. auto industry continued Thursday as Chrysler LLC announced it would get rid of 1,825...

Wall Street Layoffs Could Surge Past 200,000

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are...