Job Cuts

Vestas wind-turbine manufacturer to cut 1900 jobs

Armen Hareyan — Tue, 28 Apr 2009 07:35:02 -0500

Vestas Wind Systems, which is one of the biggest manufacturers of wind turbine systems said today it expects to lay off 1,900 employees while posting an increase of 58 percent in its interim financial report for the first quarter of 2009.

IBM 2009 Layoffs Start Tomorrow, U Turn Stocks

Armen Hareyan — Wed, 25 Mar 2009 15:45:57 -0500

The business day started with a good news about the new home sales, but the news about the IBM Layoffs in 2009 helped to bring down the stocks. IBM job cuts will begin tomorrow in the services industry.

Australia National Bank Cuts Dividents, But Not Jobs

Armen Hareyan — Sat, 14 Mar 2009 20:44:23 -0500

The head of the National Australia Bank has defended the decision to cut its dividends and promised that there will be zero job cuts.

Lay Off Reactions

Rolando — Sat, 31 Jan 2009 17:26:51 -0600

With no end in sight with continued lay offs, workers continue to huddle around the water cooler and talk about their future. For some it is a matter of time, for others it is a matter of staying on and living with the guilt of being saved.

Falling Economy Leads To Home Depot, Sprint Layoffs

Armen Hareyan — Mon, 26 Jan 2009 11:15:35 -0600

Caterpillar's massive job cuts are not the end of the bad economic news this morning. The Home Depot and Sprint also announced huge layoffs today as Sprint will cut 8000 employees and the Home Depot will slash 7000 jobs while exiting the Home Depot Expo business.

Recession Woes Result in Massive Layoffs at Caterpillar

Alberto — Mon, 26 Jan 2009 08:03:01 -0600

Caterpillar, the world renowned makers of earth moving equipment, stated Monday morning that they would be cutting 20,000 jobs in an attempt to lower costs as the recession reduces demand for construction equipment.

Microsoft to Pare 5,000 Jobs

Michael Santo — Thu, 22 Jan 2009 09:21:02 -0600

Yes, Virginia, it's true. First rumored in early January, but at 3x the number, there are indeed layoffs happening at Microsoft. The number set to join the employment rolls is 5,000, as revealed in Microsoft's earnings statement for fiscal Q2 2009, released before market opening on Thursday.

NPR Feeling Tough Economy, Cuts 64 Jobs

Offbeatnews — Wed, 10 Dec 2008 17:03:30 -0600

Certainly the economy has everything to do with it, as NPR (National Public Radio) is cutting 7 percent of its employees resulting in 64 job losses. Not only are jobs being lost, but two weekday programs “Day to Day” and “News & Notes” won’t be on the radio schedule beginning March 20.

Private Sector Cuts 250K Jobs: Tips For Survival

Armen Hareyan — Wed, 03 Dec 2008 10:32:30 -0600

The recession of the U.S. economy is taking a toll on the unemployment rates of the U.S. private sector. The companies have slashed 250,000 jobs in November only. This means quarter of million people have become jobless, an alarming levels for our ailing economy.

US Employers Cut 159,000 Jobs, Most in 5 Years

Michael Santo — Fri, 03 Oct 2008 09:13:27 -0500

The Labor Department's latest report on unemployment data, released Friday, showed that while the nation's unemployment rate was unchanged at 6.1%, employers reported laying off 159,000 people in September --- the highest number in 5 years.