layoffs – News Stories About layoffs - Page 8

Feb 24, 2011 6:48 PM CST

Wisconsin Teachers Get Layoff Warnings

... including the wife of the GOP's Senate majority leader

(Newser) - The Republican majority leader of Wisconsin's Senate is learning firsthand what the fight over collective bargaining means for his state: his wife just got a layoff warning because it might go away. Lisa Fitzgerald, wife of Scott, is a guidance counselor in a public school district, and she and scores...

Unemployment High,
but Layoffs Rarer

Feb 7, 2011 9:22 AM CST

Unemployment High, but Layoffs Rarer

Those with jobs have good odds of keeping them

(Newser) - The US labor force has been split into two groups: the relieved and the desperate. Those who have a job are less likely to lose it than at any point in at least 14 years, while those who are unemployed are in trouble: The jobless are staying so for longer...

MySpace Lays Off Nearly
Half its Employees

Jan 11, 2011 2:10 PM CST

MySpace Lays Off Nearly Half its Employees

Site gets smaller now that it's not trying to compete with Facebook

(Newser) - MySpace cut roughly 500 jobs today, slashing its global staff roughly in half. CEO Mike Jones called the expected cuts “tough but necessary,” following an October revamp that made much of its staff unnecessary. The site has downsized its ambitions, attempting to transform itself into a music, videos,...

MySpace to Ax
Up to Half Its Workers

Jan 4, 2011 7:31 AM CST

MySpace to Ax Up to Half Its Workers

Downsizing could be announced this month, sources say

(Newser) - Another blow for struggling MySpace : The social networking site is planning massive layoffs, and could ax between a third and a half of its employees, sources tell the Wall Street Journal . The News Corp-owned company, which employs about 1,100, is expected to announce the reductions this month. Its staff...

On a Conference Call, Drugmaker Lays Off 1,700

Company Lays Off 1,700 ...
Via Conference Call

Dec 18, 2010 8:46 AM CST

Company Lays Off 1,700 ... Via Conference Call

Not a candidate for boss of the year: Sanofi-Aventis

(Newser) - Sanofi-Aventis will most likely not be making an appearance on the "best places to work" list: The world's fourth largest drugmaker had a "brutal and inhumane" method of laying off 1,700 employees, says one of the canned: via conference call. The Huffington Post reports that on Nov....

Yahoo Laying Off
700 Workers

Dec 14, 2010 2:00 AM CST

Yahoo Laying Off 700 Workers

Products division slashing workforce

(Newser) - Some 5% of Yahoo's workforce will get bad news just in time for the holidays. The company, seeking to cut costs amid lackluster growth, will lay off as many as 700 employees today, sources tell AP . Most of the layoffs will occur in its US products division, although there may...

Hershey to Close
Original Factory

Oct 6, 2010 11:23 AM CDT

Hershey to Close Original Factory

Chocolatier says it must cut 500 workers to stay competitive

(Newser) - Hershey, Penn., is about to lose its eponymous chocolate factory. It’s not going far—the company is building a new factory just outside of town—but the closure still represents the end of an era, and will result in the loss of close to half the current factory’s...

CEOs Who Laid Off the Most People Made the Most Money

Sep 1, 2010 12:42 PM CDT

CEOs Who Laid Off the Most People Made the Most Money

(Newser) - Should it come as a surprise that those CEOs who fired the most people last year made the most money? The Institute for Policy Studies published a study today that showed that those CEOs who made the largest layoffs made about 50% more—$12 million in 2009, compared to an...

10 Weird Reasons to Get Fired

Aug 22, 2010 6:50 AM CDT

10 Weird Reasons to Get Fired

Capital letters, cancer haircuts, and other odd offenses

(Newser) - There is no nice way to lose your job, especially during a recession. But, not every "you're fired" is created equal. Here, courtesy of Oddee , are some of the worst—and weirdest—job-loss stories out there:

Waitress canned for cancer cut: After losing her father to cancer, a Canadian

...

ABC News May Cut
Up to 300 Jobs

Feb 23, 2010 4:47 PM CST

ABC News May Cut Up to 300 Jobs

Major restructuring is in the works

(Newser) - ABC News is drastically cutting back its operations and will thin its newsroom by 20%, or up to 300 positions. Most of those who remain will have to produce and shoot their own stories, reports the Los Angeles Times . Staffers will get letters this week asking for volunteers to take...

AOL Laying Off 1,200

Jan 12, 2010 4:07 AM CST

AOL Laying Off 1,200

European offices shut down in latest round of restructuring

(Newser) - The ax will fall on 1,200 AOL workers this week in the last stage of the company's goal to shed a total of 2,500 jobs, about a third of its workforce. Many European offices will be closed as part of the company's plan to restructure as a Web...

Washington Times Slashes Staff

Dec 31, 2009 5:55 AM CST

Washington Times Slashes Staff

Top editor gone; sports, metro sections ditched

(Newser) - The Washington Times has slashed half of its 170 newsroom staff ahead of Monday's relaunch of its print edition. The sports and metro sections will cease to exist as separate sections and nearly all staff members of those sections have been laid off, sources tell the Washington Post . Managing editor...

Drug Dealers: Experts in Recessionary Business

book review

Sep 21, 2009 5:26 PM CDT

Drug Dealers: Experts in Recessionary Business

CEOs could learn a lot from hustlers

(Newser) - 50 Cent is the first rapper to pen a book of management advice. It’s a shame, then, that The 50th Law, co-written by Robert Greene, boils down to the worst kind of “be authentic” self-help boilerplate, writes Lucy Lucy Kellaway for the Financial Times. As a former drug...

Furloughs
Freeze
State
Services

Sep 4, 2009 1:31 AM CDT

Furloughs Freeze State Services

Strapped states try to balance budgets by shutting down

(Newser) - States across the country are slashing their labor costs by putting workers on furloughs and cutting services, the Wall Street Journal reports. California, Maine, Maryland and Michigan close state agencies on Fridays. Others are opting to remain open every weekday, but stretch services by placing thousands of workers on rolling...

Horses Laid Off as
Cop Budgets Trimmed

Jul 27, 2009 11:04 AM CDT

Horses Laid Off as Cop Budgets Trimmed

Police, locals 'heartbroken' to see them go

(Newser) - It’s not just humans facing unemployment these days: horses are seeing their jobs disappear as police in Boston, Toledo, and other cities cut their mounted units, the Wall Street Journal reports. The units are said to bolster crowd control, with one mounted cop worth 15 on foot. And “...

Looking for Work? Better Have a Job Already

Jun 30, 2009 2:30 PM CDT

Looking for Work? Better Have a Job Already

Another hurdle for job-seekers as unemployment nears 10%

(Newser) - Finding a job when unemployment is at 9.4% is hard enough. But the recently laid-off have another hurdle to contend with: Many employers are most interested in attracting candidates who are still working, the Wall Street Journal reports. “If they’re employed in today’s economy, they have...

Many Toil Through
Forced Leave

Jun 15, 2009 7:34 AM CDT

Many Toil Through Forced Leave

Workers on furloughs aren't granted—or won't allow themselves—time off

(Newser) - Sure, required time off beats a layoff—but that can be tough to remember as many continue working through their furloughs, the New York Times reports. Some worry their jobs are at stake if they don’t keep working; others just can’t get their employers to schedule days off....

Google
Dumps
Disney Trip
to Save Bucks

Jun 12, 2009 4:19 AM CDT

Google Dumps Disney Trip to Save Bucks

Employees' annual outing canceled after round of job cuts

(Newser) - There may be some tears and tantrums at Google's normally happy headquarters this week, the Telegraph reports. The company, rated one of the world's best to work for thanks to its generous perks, has canceled the annual company-wide trip to Disneyland. Insiders say executives decided the trip was too extravagant...

Firms Feed
Workers to
Boost Morale

Jun 11, 2009 1:45 PM CDT

Firms Feed Workers to Boost Morale

It's not a raise, but perk goes long way in tough times, managers say

(Newser) - The way to employee satisfaction is apparently through their stomachs. Businesses slicing jobs and benefits in tough times are finding that free food is a cheap way to boost worker morale, the Boston Globe reports. The majority of financial officers recently surveyed—68%—is taking steps to boost employee spirits....

Jobless Cling
to Their Faith
in Detroit

May 31, 2009 6:10 PM CDT

Jobless Cling to Their Faith in Detroit

Religions offer comfort as jobless face pain, hunger

(Newser) - Thousands of Detroit's jobless are coping with fear and desperation by falling back on faith, the Detroit Free Press reports. Houses of worship are increasingly fielding calls from people seeking jobs, food, and housing—but above all, congregants say, they find comfort. "When the tension comes and the pressure...