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Layoffs

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...

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. ...

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.

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...

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 -...

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...

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...

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 ...

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...

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...

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...