layoffs

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Postal Service Wants to Cut 120K Jobs

It also aims to exit federal health, retirement plans

(Newser) - The US Postal Service is looking to cut 120,000 jobs—20% of its workforce—and pull its workers out of federal health and retirement plans, reports the Washington Post . USPS would replace those benefits plans with new ones of its own. The proposal, which would include layoffs currently banned...

Second Phase of Double-Dip Recession Could Be Even Worse
Brace Yourself for Even
Worse 2nd Recession
analysis
Aug 8, 2011 8:33 AM CDT

Brace Yourself for Even Worse 2nd Recession

Could devastate a still-ailing economy, writes Catherine Rampell

(Newser) - Economists say we could be headed for a second recession—and if they’re right, it’s poised to be even more devastating than the first, writes Catherine Rampell in the New York Times . That’s because the starting point for the second dip would be our current weak economy,...

HSBC to Cut 30K Jobs
 HSBC to Cut 30K Jobs 
Aug 1, 2011 5:44 AM CDT

HSBC to Cut 30K Jobs

But British bank hasn't said where

(Newser) - HSBC plans to cut some 30,000 jobs by 2013, shrinking its global workforce by 10%, the company says. As part of the plan, the British bank has cut 5,000 jobs this year, the AP reports. The firm didn’t say which countries would see cuts, though a rep...

More Gloom: Layoffs Hit 9-Month High

And the future is looking bleak, say economists

(Newser) - Layoffs have climbed to their highest level in nearly a year—1.78 million workers were handed pink slips in May, the most since August 2010—increasing ever-present fears about the US economy. The Wall Street Journal highlights the latest casualties: Cisco Systems plans to slash 6,500 jobs; Lockheed...

Minnesota Clueless on Shutdown Cost

... Because it laid off all the workers who could calculate it

(Newser) - Minnesota’s government shutdown is sure to cost the state millions of dollars, but no one’s sure exactly how many millions, because the very number-crunchers who’d figure it out are now out of work, the Washington Post observes. Only “essential” government personnel are still at work, and...

Italian Firm Fires Only Women
 Italian Firm Fires Only Women 
Jul 1, 2011 1:51 AM CDT

Italian Firm Fires Only Women

Axed workers can stay home to look after kids, company says

(Newser) - Call it the Berlusconi-zation of Italy. Italian engineering firm Ma-Vib, faced with a downturn in sales, decided that its women workers didn't need their jobs as much as the men did. The company fired 13 out of 18 women employees while all 12 of its male employees kept their...

Laid-Off Federal Worker Confronts Obama

'What would you do if you were me?' asks Karin Gallo

(Newser) - A spokeswomen for the National Zoo who is seven months pregnant and will be laid off as of June 4 because of budget cuts confronted President Barack Obama at a town hall meeting yesterday. "I'm scared about what my future holds," Karin Gallo said. "I definitely...

Dave Eggers: Enough With the Teacher Layoffs

System leaves already-struggling public educators in lurch

(Newser) - Public school teachers grapple with 80-hour work weeks on tight salaries, with little creative freedom, while the media attacks their unions—and on top of all that, they face mass layoffs on a regular basis. In San Francisco, for example, 2,800 teachers were warned last week that their jobs...

Laid-Off Worker Leaps to Death From City Hall

Costa Mesa maintenance worker among more than 200 let go

(Newser) - A 29-year-old city maintenance worker jumped to his death from the city hall building in Costa Mesa, Calif., yesterday, after learning that he was among more than 200 city workers who are to be laid off. Authorities did not identify the man, except to say he had worked for the...

AOL Axes 900 on Heels of HuffPo Buy

That's 20% of the workforce.

(Newser) - The rumored layoffs have arrived. AOL CEO Tim Armstrong today announced that the company would cut 200 US jobs, with the content side bearing the brunt of the layoffs. The Hollywood Reporter notes that a total of 900 jobs—or 20% of the workforce—will be done away with: Some...

Walker Starts Layoff Process

Layoff notices to go out to 1,500 state employees in 15 days

(Newser) - Some 1,500 Wisconsin residents may not have slept so well last night. Gov. Scott Walker yesterday set the ball in motion to lay off a horde of state employees by sending letters to state employee unions alerting them that the workers would receive layoff notices in 15 days. The...

Wisconsin Protests: Gov. Scott Walker Threatens 12K Layoffs; Police Threaten to Kick Protesters Out of Capitol Building
Gov. Walker Threatens 12K Layoffs
wisconsin protests
Feb 26, 2011 7:54 AM CST

Gov. Walker Threatens 12K Layoffs

And police threaten to kick out Capitol protesters

(Newser) - Wisconsin Gov. Scott Walker dug in his heels even further yesterday, threatening to trigger as many as 12,000 layoffs starting next week if his controversial budget bill is not passed. Walker is still determined not to compromise on the portion of his bill that strips public employees of many...

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

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

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

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...

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
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

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

(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...

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