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Layoffs

Sinking Profits Force Bank To Make Big Job Cuts

AP | DAVID McHUGH | Posted 09.30.2012 | Business

FRANKFURT, Germany — Deutsche Bank said Tuesday it plans to cut about 1,900 jobs, most of them outside Germany, as Europe's debt crisis hurt pro...

Defense Dept. Cuts Could Hit Civilian Workforce

AP | DONNA CASSATA | Posted 07.22.2013 | Politics

WASHINGTON -- Tens of thousands of civilian employees in the Defense Department could receive warnings about potential layoffs four days before the No...

CEO On Latest Round Of Layoffs: 'We Will Muddle Through This'

AP | Posted 09.22.2012 | Business

SAN JOSE, California (AP) — Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer ...

Jason Cherkis

The Bain Plan: Heartbreaking Layoffs, Increased Security, Executive Golf

HuffingtonPost.com | Jason Cherkis | Posted 07.24.2012 | Politics

WASHINGTON -- When Dade Behring started cutting employees under Bain Capital's management in the late '90s, Cindy Hewitt was on the front lines. As a ...

T-Mobile Allegedly Hired Overseas Workers While Cutting U.S. Staff

The Huffington Post | Alexander Eichler | Posted 07.18.2012 | Business

T-Mobile USA laid off about 1,900 workers in March. In May, they announced that another 900 job cuts were coming. But it seems the company has been st...

The Guerilla Warfare of Pentagon Contractors

Ben Freeman | Posted 09.01.2012 | Politics
Ben Freeman

Defense contractors, in their relentless campaign to avoid reductions in Pentagon spending and, consequently, the hundreds of billions of taxpayer dollars they receive every year, have started taking hostages -- their own employees.

Major Bank Slashing Senior Staff

Reuters | Posted 08.25.2012 | Business

By Sarah White and Douwe Miedema LONDON, June 25 (Reuters) - Swiss bank Credit Suisse plans to cut up to one-third of...

Do It Yourself or Die Trying

Holly Robinson | Posted 08.05.2012 | Money
Holly Robinson

These days, frugal is the new cool. Boxed wine is in. Fashion magazines trumpet vintage finds. Waste not, want not, is the new reality -- only it feels like old times to me.

Hire One, Fire 350

The Huffington Post | D.M. Levine | Posted 06.01.2012 | Business

Amid the banking world’s Great Contraction, Bank of America is adding jobs -- but only a few targeted positions, and it's laying off many more worke...

Disgraced Company To Lay Off Thousands

Reuters | Posted 07.29.2012 | Business

TOKYO (Reuters) - Japan's Olympus Corp, hit by a $1.7 billion fraud scandal, plans to shed 2,500 workers and sell an equity stake to either Sony Corp ...

Baseball Legend's Video Game Company Lays Off Entire Staff After 'Economic Downturn'

Reuters | Ros Krasny | Posted 07.24.2012 | Business

By Ros Krasny BOSTON (Reuters) - The troubled video gaming company run by former Red Sox baseball great Curt Schilling seemed on the ve...

The Surprising Casualty Of The Financial Crisis

Reuters | Posted 07.24.2012 | Business

By Michelle Conlin May 24 (Reuters) - The financial crisis and its aftermath have been brutal for Wall Street's riches...

Dave Jamieson

'Pink Slime' Uproar Leads To Pink Slips For Workers

HuffingtonPost.com | Dave Jamieson | Posted 05.11.2012 | Business

The uproar over "pink slime" beef products may have claimed some collateral damage, with a meatpacking worker in California saying she and her colleag...

Laid-Off MF Global Employee Can't Even Get A Job Here

The Huffington Post | Harry Bradford | Posted 05.08.2012 | Business

Those years at MF Global can't even ensure you a retail job these days. Former mid-level MF Global employee Dan Whiteford says he has yet to be of...

Fortune 500 Companies Made Record $824 Billion Profit In 2011

The Huffington Post | Alexander Eichler | Posted 05.08.2012 | Business

Poverty is rampant. Hunger is widespread. But don't worry about America's largest corporations -- they're doing just fine. Fortune released its ann...

California's 4th Year Of Teacher Layoffs Spur Concerns

AP | CHRISTINA HOAG | Posted 05.05.2012 | Education

LOS ANGELES -- Los Angeles Unified teacher Mike Newman sighed when he saw the now familiar certified letter in his mailbox last month – a pink s...

Official In Bankrupt County: State Is 'Kicking The Can'

Reuters | Posted 07.02.2012 | Business

By Verna Gates BIRMINGHAM, Ala., May 2 (Reuters) - Alabama's bankrupt Jefferson County is laying off more government w...

Big Bank Plans To Lay Off Thousands

The Huffington Post | Bonnie Kavoussi | Posted 05.01.2012 | Business

Occupy Wall Street protests are the least of Bank of America's problems. The bank is starting to lay off its more profitable employees. On Tuesday,...

Cut and Paste Jobs

The Cavalier Daily | Posted 06.28.2012 | College
The Cavalier Daily

The University of Florida announced last week it would make significant cuts to its computer science program. Looking to save face rather than future, the university protested to Forbes, which first broke the story, this was reorganization and not a direct cut.

For Wall Street, The Great Recession Continues

The Huffington Post | D.M. Levine | Posted 04.25.2012 | Business

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

Paul Krugman: Job Loss Under Bush Much Worse Than Under Obama

The Huffington Post | Alexander Eichler | Posted 04.23.2012 | Business

As much as the job market has suffered under President Obama, his record up to this point is still better than that of his predecessor. That's the...

Oops! Company Accidentally Fires Huge Number Of Workers

The Huffington Post | Harry Bradford | Posted 04.20.2012 | Business

More than 1,000 employees at one British company likely had at least one unnecessary panic attack among them on Friday. Some 1,300 workers receive...

Spring Cleaning for a Speedier Economic Recovery

Joel Brokaw | Posted 06.13.2012 | Business
Joel Brokaw

With the U.S. economy beginning to rebound, it is high time for businesses both big and small to get proactive and clean house of wasteful and counterproductive practices.

10 Industries Where People Are Getting Fired

The Huffington Post | Khadeeja Safdar | Posted 04.13.2012 | Business

Many Americans working at call centers were down on their luck last month. Telecommunications firms experienced the most planned job cuts in March...

The 10 Worst Jobs In The United States

The Huffington Post | Harry Bradford | Posted 04.11.2012 | Business

One of the nearly 13 million Americans looking for work? You might want to think twice before applying to these jobs. Fewer employment opportuniti...