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Bank Announces Fresh Job Cuts After Disappointing Quarter

Posted 09.25.2011 | Business

GENEVA (AP) -- Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-qua...

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

Chrysler Suspends Workers For Drinking, Smoking Marijuana Before Shift

Posted 09.18.2011 | Business

DETROIT (AP) — Chrysler Group LLC said Tuesday it has suspended nine workers without pay after a Detroit television station aired footage of them al...

Silicon Valley Giant To Lay Off Thousands Of Employees

AP | By RACHEL METZ | Posted 09.17.2011 | San Francisco

SAN FRANCISCO -- Cisco Systems Inc., the world's largest maker of computer-networking gear, is reducing its work force by about 9 percent to reduce co...

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011 | Business

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

Cisco To Cut Workforce By 11,500 Employees

Posted 09.17.2011 | Business

Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business. ...

Moving Beyond Job Loss

Estelle Cimino | Posted 09.17.2011 | San Francisco
Estelle Cimino

The bottom line emotional reaction to job loss in today's economy is fear. These ten steps may very well help you to heal and move beyond job loss.

Lila Shapiro

Layoffs Return, Along With Fears Of Deepening Economic Stagnation | Lila Shapiro | Posted 09.13.2011 | Business

In recent months, as the unemployment rate has unexpectedly climbed, experts have put the blame on a lean job market, asserting that employers still s...

Morgan Stanley Denies Report It Could Lay Off 'Possibly Thousands Of Jobs'

Posted 09.13.2011 | Business

NEW YORK (Lauren Tara LaCapra) - Morgan Stanley (MS.N) might lay off more workers than the few hundred underperforming financial advisers it previ...

Cisco May Cut Thousands Of Jobs

Posted 09.11.2011 | Technology

(Reuters) - Networking equipment company Cisco Systems Inc (CSCO.O) could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to...

Cancelled Space Shuttle Program Hurts Houston Ego, Economy

Posted 09.06.2011 | Business

HOUSTON — The end of the space shuttle program is hitting its Florida launch home in the pocketbook with some areas practically becoming economic gh...

Rahm Avoids Layoffs, For Now, Pending Union Concessions

Posted 08.31.2011 | Chicago

On Wednesday, Chicago Mayor Rahm Emanuel threw down the gauntlet to the city's labor unions when he offered up an ultimatum: Accept his work-rule chan...

Engineering Firm's Women-Only Job Cull Sparks Gender Row

The Guardian | John Hooper in Rome | Posted 08.31.2011 | World

An engineering firm in northern Italy has sparked controversy after making almost half its workforce redundant -- and selecting only women. A union...

Britain's Largest Mortgage Lender Axing 15,000 Jobs

Posted 08.30.2011 | Business

LONDON (Sudip Kar-Gupta and Steve Slater) - Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save ...

Goldman Sachs Plans To Hire 1,000 In Singapore While Cutting U.S. Jobs

The Huffington Post | Bonnie Kavoussi | Posted 08.27.2011 | Business

Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at...

CPS Expected To Lay Off 1,000 Teachers This Week

Posted 08.27.2011 | Chicago

An estimated 1,000 teachers are expected to lose their job this week the Chicago Public School system struggles with a multi-million dollar budget def...

A 'Marshmallow Test' For Teachers

Alexander Russo | Posted 08.26.2011 | Education
Alexander Russo

If the economy continues to sag and indeed it really comes time to lay off large numbers of teachers this year, then I propose that policymakers administer a version of the "Marshmallow Test."

Layoffs Reportedly Begin

Posted 08.21.2011 | Technology

TORONTO (Reuters) - BlackBerry maker Research In Motion has started to hand out layoff notices after it said on Friday it would cut an unspecified...

Communities Stand Behind Librarians Facing Layoffs

The Huffington Post | Gabrielle Canon | Posted 08.13.2011 | Education

As reports of librarian layoffs continue to surface, librarians have put away their inside voices to fight -- with the support from unions, parents, a...

Harpo Studios Plans Layoffs Following Oprah's Last Show

The Huffington Post/AP | Posted 08.09.2011 | Chicago

Just two weeks after the final "Oprah" show aired, Harpo Studios announced plans to lay off an unspecified amount of workers. Under state law, the ...

Boeing To Cut 510 Jobs

Posted 08.04.2011 | Business

(Reuters) - Boeing Co (BA.N) will lay off about 510 employees in its Space Exploration division as the United States' space shuttle program draws ...

The Myth of "Rightsizing" the Federal Workforce

Steve Ressler | Posted 08.03.2011 | Politics
Steve Ressler

President Ronald Reagan was no fan of big government. But would the man who famously said, "As government expands, liberty contracts," agree with the latest efforts to contract the federal government?

Zach Carter

How Obama's Failed Foreclosure Relief Plan Contributes To The Jobs Crisis | Zach Carter | Posted 08.03.2011 | Politics

WASHINGTON -- The Obama administration's inability to stem the foreclosure crisis ricocheted dramatically on Friday, as the Labor Department released ...

Students Raise Voices To Save Teachers, Get New Computers

Mercury News | Sharon Noguchi | Posted 08.01.2011 | Education

It's one of the ironies of public education: Students get steeped in lessons about democracy, but when it comes to running schools, they have no role,...

Zach Carter

Top Credit Union Halts Wage Garnishing In Response To State Government Layoffs | Zach Carter | Posted 07.24.2011 | Business

WASHINGTON -- Facing heavy government layoffs from budget cuts, the North Carolina State Employees Credit Union says it will no longer seek to garnish...