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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...

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 -...

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...

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...

Yahoo Layoff Memo Full Text

Silicon Alley Insider | Nicholas Carlson | Posted 05.25.2011 | Business

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+). ...

Yahoo firing 1,500 workers; 3Q profit falls 64 pct

AP | MICHAEL LIEDTKE | Posted 05.25.2011 | Business

SAN FRANCISCO — Yahoo Inc. will fire at least 1,500 workers to cope with a crumbling economy that dented its third-quarter profit and turned up ...

Economist: Bush Administration Needs A 180 On Unemployment Policy

Economix | Alan B. Krueger | Posted 05.25.2011 | Business

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-S...

Poll: One-Third Of Americans Fear They May Lose Jobs

AP | TOM RAUM | Posted 05.25.2011 | Business

WASHINGTON — With little relief in sight, people are getting more anxious about the slumping economy and how it affects them. The share of peop...

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

Stephen Viscusi | Posted 05.25.2011 | Business
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 | Media
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 | Business

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

eBay To Cut 1,000 Jobs

AP | RACHEL METZ | Posted 05.25.2011 | Business

NEW YORK — After a series of changes designed to draw more people to its online marketplace, eBay Inc.'s latest alteration is aimed at its own e...

Economy sheds most jobs since 2003, more cuts seen

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...

When Tough Times Weigh On The Kids

Wall Street Journal | Sue Shellenbarger | Posted 05.25.2011 | Business

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 | Business

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...

Ford To Cut 4,200 Blue-Collar Employees, Report

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Ford Motor Co. has said that it wants to cut its blue-collar work force by another 4,200 employees, according to a person briefed on a...

Layoffs Turn People Into Hermits | Jeanna Bryner | Posted 05.25.2011 | Business

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...

Shrinking U.S. Demand Spurs Layoffs At Japanese Toyota Plant

AP | YURI KAGEYAMA | Posted 05.25.2011 | Business

TOKYO — Japanese automaker Toyota has laid off 800 people at a plant in southwestern Japan, or about 10 percent of the plant's work force, in re...

Planned Layoffs Rise In July

Reuters | Posted 05.25.2011 | Business

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...

Jobless rate rises to 4-year high of 5.7 percent

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Stores, factories and other businesses large and small showed workers the door last month, sending unemployment to its highest rate...

GM To Cut 5,000 Salaried Jobs

Wall Street Journal | Sharon Terlep | Posted 05.25.2011 | Business

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...

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

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

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...