downsizing

How To Make Sure You Won't Be Laid Off: 5 Tips

How To Make Sure You Won't Be Laid Off: 5 Tips

Unemployment is slowly declining, but many employers are still downsizing. Just last week Sony announced it was restructuring and letting go of 2,000 workers. How can you make sure that you're not laid off? If you make sure to demonstrate your value, you can increase the odds that your job won't be... Read More »

Newell Rubbermaid To Cut 1,900 Jobs

Newell Rubbermaid To Cut 1,900 Jobs

By Michelle Chapman NEW YORK -- Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years as the consumer products company reorganizes its operations in a bid to boost profitability. The company, known for Sharpie pens and its... Read More »

DuPont To Cut 1,500 Jobs

DuPont To Cut 1,500 Jobs

By Randall Chase DOVER, Del. (AP) - Chemical maker the DuPont Co. will cut 1,500 jobs and take other steps to increase competitiveness after a third quarter in which earnings fell sharply. The Wilmington, Del.-based company reported net income of $10 million Tuesday, or a penny per share, compared with $452... Read More »

Report: Employers Cutting Way Back On Layoffs

Report: Employers Cutting Way Back On Layoffs

The number of planned layoffs at U.S. firms in September rose 4.9 percent after hitting a 20-month low in August, a report on Thursday showed. Employers announced planned job cuts of 33,816 last month, up from 32,239 in August, according to the report from consultants Challenger, Gray & Christmas, Inc. Read More »

Philips Electronics To Cut Another 2,200 Jobs

Philips Electronics To Cut Another 2,200 Jobs

By Roberta Cowan Philips Electronics stepped up its cost-cutting drive on Tuesday and said more jobs would go as part of a drastic overhaul of its business, which began to turn around in the first half after losing 1.3 billion euros in 2011. Read More »

Layoff Advice: 4 Steps To Take Right After The Axe Falls

Layoff Advice: 4 Steps To Take Right After The Axe Falls

The recent announcement of 27,000 layoffs at HP can send a chill through any corporate employee. The reality is that anyone can end up out of work from an unexpected corporate restructuring. It pays to know what immediate steps to take if and when you are faced with being laid off. Read More »

Why It's Good News That Everyone In Your Office Is Job-Hunting

Why It's Good News That Everyone In Your Office Is Job-Hunting

Never heard of "job swooshing" before? It's a jobs creation phenomenon that occurs post-recession. Ask anyone who has been in the HR, recruiting and staffing industry for decades and they'll tell you: Job swooshing is the first sign of recovery in the job market. Here's why. Read More »

Large Layoffs Loom On Wall Street

Large Layoffs Loom On Wall Street

By Stephen Gandel Perhaps the only thing more broken than Wall Street's business model is its staffing strategy. After adding thousands bankers in the past two years, financial firms again appear to be on the verge of cutting that many positions and then some. Consultants and Wall Street recruiters say... Read More »

Government Job Losses A Growing Drag On Recovery

Government Job Losses A Growing Drag On Recovery

By Tom Raum WASHINGTON -- Conservative Republicans have long clamored for government downsizing. They're starting to get it -- by default. Crippled by plunging tax revenues, state and local governments have shed over a half million jobs since the recession began in December 2007. And, after adding jobs... Read More »

How To Succeed Professionally When All Jobs Are Temporary

How To Succeed Professionally When All Jobs Are Temporary

By Heather Huhman In today's world, everyone is a temporary worker. Even if you're an executive at a well-established company, your job could be temporary. Working for yourself? There's no telling how long your business might last. Read More »

Yahoo Cuts: Fourth Time in Three Years

Yahoo Cuts: Fourth Time in Three Years

Yahoo is cutting about 5 percent of its work force. Most of the downsizing is expected to take place in their products division. This marks the fourth round of cuts in three years at Yahoo, according to IT World. That amounts to a loss of somewhere between 600 and 700 workers. Like many one-time Internet... Read More »

Ask an Expert: How to Explain a Downsizing During an Interview

Ask an Expert: How to Explain a Downsizing During an Interview

An AOL reader asks, "I have been let go and I am collecting a severance package. How do I handle this in a interview? My former employer will not report anything negative if a prospective employer calls for a reference." You're not alone! Many people face the same conversation in their interviews each day... Read More »

And the Generation Hardest Hit by the Recession Is...

And the Generation Hardest Hit by the Recession Is...

No age group is immune to the fever of downsizing and and layoffs that has swept the country over the last few years, but the generation that is hardest hit will probably surprise you. Despite all the news you hear about older, more experienced, more expensive workers being let go, the generation suffering the... Read More »

How Safe Is Your Job When Companies Merge?

How Safe Is Your Job When Companies Merge?

The United-Continental airline merger has employees in both camps concerned about their future job security. Generally, when two companies merge, operational redundancies are uncovered -- which means the elimination of jobs. And since Chicago will be the new headquarters for the combined airline, employees at... Read More »

Drug Store Giant Walgreens Will Purchase NYC Duane Reade for $618M

Drug Store Giant Walgreens Will Purchase NYC Duane Reade for $618M

The corner of Duane Street and Reade Street in New York City will never be the same now that Walgreens has announced plans to purchase Duane Reade, a New York-based drug store chain for $618M. While Walgreens plans to operate Duane Reade stores under their current name and keep their senior management team, they... Read More »

Layoffs: Ten Things to Do Before the Pink Slip Arrives

Layoffs: Ten Things to Do Before the Pink Slip Arrives

Oracle's CEO recently announced plans for approximately 1,000 layoffs at Sun Microsystems on top of the 7,600 jobs that they have already cut. Macy's plans to cut 1,500 store level jobs. And a similar layoff scene is playing out in companies across the nation. Yet many people wait until the other shoe drops... Read More »

How to Work at Sam's Club In Spite of Big Layoffs

How to Work at Sam's Club In Spite of Big Layoffs

Just a few weeks ago Sam's Club, the warehouse store division of Wal-Mart, announced it was closing 11 stores. Now it looks like 11,200 more jobs, or about 10 percent of the staff, will be eliminated. Starting in February, the people handing out samples and doing demonstrations will not be company employees, but... Read More »

AOL Employees Feel Your Pain--Layoffs Abound

AOL Employees Feel Your Pain--Layoffs Abound

AOL employees are in the same boat with the rest of America when it comes to layoffs and downsizing. A full third of all AOL full-time employees, or about 2,300 workers, will be looking for new gigs by the end of the first quarter of 2010, after the large number of pink slips distributed this week. Me? I'm just... Read More »

A Guy Who's Really Up in the Air

A Guy Who's Really Up in the Air

While George Clooney gets Golden Globe and Critics Choice nominations for playing the part a guy who travels the country "downsizing" people, Jess Chan gets no such kudos for doing the exact same thing in real life. But he does get the frequent flier miles and the same premiere guest status. "I think I even have... Read More »

The Incredible Shrinking Office

The Incredible Shrinking Office

flickr.com/photos/stewf Maybe you've recently been laid off ... or perhaps your parting of ways with your former employer is not so recent, and you're still doggedly out pounding the pavement, rejiggering your résumé, and search-search-searching for a job. I know how you feel. I've been there too.... Read More »

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