fiscal cliff

Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

By Tami Luhby The long-term unemployed can kiss goodbye almost 10 percent of their weekly jobless benefits if federal budget cuts go into effect on March 1. Many safety net programs, such as food stamps and Medicaid, are protected from the $85 billion in forced spending cuts, but extended federal unemployment... Read More »

ING To Cut 2,400 Jobs, Despite 21 Percent Rise In Profits

ING To Cut 2,400 Jobs, Despite 21 Percent Rise In Profits

AMSTERDAM -- Dutch financial services group ING announced deeper job cuts in retail banking as it prepares to separate its banking and insurance operations under the terms of a state bailout. ING is dismantling its once-fashionable bancassurer model after the 2008 bailout, divesting insurance and investment... Read More »

Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

By Ronald Grover Walt Disney Co, which reported record earnings in November, started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters. Disney, whose empire spans TV, film, merchandise and theme... Read More »

Smaller Paychecks Coming -- Bosses Say, Don't Blame Us

Smaller Paychecks Coming -- Bosses Say, Don't Blame Us

By Jose Pagliery Everyone's paycheck is about to take a hit, and it's not the boss's fault. But some business owners say it's a tough talk to have. The rate of workers' payroll taxes, which fund Social Security, has been 4.2 percent for the past two years. As of Jan. 1, it's back to 6.2 percent, on the first... Read More »

The Work Buzz: Job Market Forecast For 2013

The Work Buzz: Job Market Forecast For 2013

Employers are heading into the new year with cautious optimism. The economy has been growing at a gradual but steady pace and is poised to stay on this path in 2013, barring major disruptions. More employers are expecting to hire than in recent years, but the modest recovery, along with the weakened global... Read More »

Jobless Claims Drop Sharply, As Employers Curb Layoffs

Jobless Claims Drop Sharply, As Employers Curb Layoffs

By Christopher Rugaber WASHINGTON -- The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000 last week to a seasonally... Read More »

Fiscal Cliff: Will It Lead To Massive Layoffs?

Fiscal Cliff: Will It Lead To Massive Layoffs?

Now that the election is over, the No. 1 political buzzword in America is "fiscal cliff." And it's because Congress and President Obama are wrangling over a looming perfect storm of deadlines. On Jan. 1, 2013, the George W. Bush-era tax cuts will expire and automatic federal spending cuts are simultaneously... Read More »

Fiscal Cliff Threatens 277,000 Federal Jobs

Fiscal Cliff Threatens 277,000 Federal Jobs

By Jennifer Liberto WASHINGTON (CNNMoney) -- Federal workers have weathered a two-year pay freeze, increased health insurance premiums, and threats of more cuts from Republicans. Now their jobs are in jeopardy. Some 277,000 workers -- 14% of the federal work force -- could lose their jobs in the next 12... Read More »

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