Job Loss

Nordic telecommunications company TeliaSonera AB says it will cut 2,000 jobs, or 7 percent of its staff, after sales and profits slumped in the third quarter. ...

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 ...

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. ...

Bank of America is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining revenues, The Wall Street Journal reported on Wednesday. The job cuts would put the second-largest U.S. bank a year ahead of schedule in eliminating 30,000 jobs under a program ...

By Jill Krasny Slacking off isn't the only way to kiss your job goodbye. Carrying around boatloads of debt can do it too, as one stockbroker learned the hard way. Lawyer and Forbes.com blogger Bill Singer writes about Joseph Tarnofsky (pictured above), who never told his bosses (or the Financial ...

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. ...

SAN FRANCISCO -- Hewlett-Packard Co. is planning to cut about 2,000 more jobs than it had previously announced as CEO Meg Whitman tries to turn the company around. In a regulatory filing Monday, the computer and printer maker said it will eliminate 29,000 jobs by October 2014, up from the 27,000 cuts it ...

By Jason Lange WASHINGTON, Aug 23 -- The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting that the labor market is healing too slowly to make much of a dent in the unemployment rate. Initial claims for state unemployment benefits rose 4,000 to a ...

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. Particularly in a down economy and a tight job market, it's ...