job cuts

It's a Living. Part I: David's Saga. Episode 16: The End of Jobs

It's a Living. Part I: David's Saga. Episode 16: The End of Jobs

David and Susan discuss whether the decline of good jobs is likely to continue or even accelerate. Read More »

Weekly Jobless Claims Tumble to 3-Month Low

Weekly Jobless Claims Tumble to 3-Month Low

The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength. Read More »

Employers That Cut The Most Jobs Since The Financial Crisis

Employers That Cut The Most Jobs Since The Financial Crisis

These 10 employers have cut nearly a half million jobs in the last five years.

These employers have cut 5.5 percent of the total jobs that have been lost since the beginning of the financial crisis. Read More »

Weekly Jobless Claims Dip To Near 5-Year Low

Weekly Jobless Claims Dip To Near 5-Year Low

The number of Americans filing new claims for unemployment benefits fell as expected last week, suggesting a strengthening in job gains in August after a slight pullback the prior month. Read More »

Weekly Jobless Claims Rise but Trend Hints at Quicker Hiring

Weekly Jobless Claims Rise but Trend Hints at Quicker Hiring

The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low and gave a positive signal for hiring during the month. Read More »

Weekly Jobless Claims Edge Up; Still Point To Healing Labor Market

Weekly Jobless Claims Edge Up; Still Point To Healing Labor Market

The number of Americans filing new claims for jobless benefits rose slightly last week but was near its lowest level since before the 2007-09 recession, a hopeful sign for the U.S. economy. Read More »

Weekly Jobless Claims Drop to 5½ Year Low

Weekly Jobless Claims Drop to 5½ Year Low

The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5½ year low, suggesting a steadily improving labor market. Read More »

More Men Than Women Fear Being Laid Off, As Economy Weakens

More Men Than Women Fear Being Laid Off, As Economy Weakens

March unemployment numbers reveal the economy is weakening, it seems employees already are losing confidence. A new survey from Glassdoor finds nearly one in five employees are worried about being laid off in the next six months, despite the fact that many believe the company's outlook will improve over that... Read More »

Planned Layoffs Jump

Planned Layoffs Jump

The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday. Employers announced 49,255 planned job cuts last month, down 11% from 55,356 in February, according to the... Read More »

HSBC, Facing $2 Billion Settlement, Mulls 5,000 More Layoffs

HSBC, Facing $2 Billion Settlement, Mulls 5,000 More Layoffs

By Matt Egan Fresh off its $1.92 billion money laundering settlement, British banking giant HSBC reportedly is nearing a decision to further slash costs by axing another 5,000 jobs. According to the Financial Times, the London-based lender is "gearing up" for thousands more layoffs that could be outlined at an... Read More »

Trump Plaza's New Owner Gives Layoff Notice to 1,400 Workers

Trump Plaza's New Owner Gives Layoff Notice to 1,400 Workers

ATLANTIC CITY -- Notice has gone out that more than 1,400 employees could face layoffs at Atlantic City's Trump Plaza Hotel and Casino. Officials say the notice is a formality in advance of the sale of Trump Plaza to the Meruelo Group for $20 million. State law requires 60 days' notice of closings and layoffs. Read More »

Google To Cut 1,200 More Jobs At Motorola

Google To Cut 1,200 More Jobs At Motorola

NEW YORK -- Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. Last summer, Google Inc. announced 4,000 Motorola job cuts. The latest reductions are in addition to those and will be in countries including the U.S., China and... Read More »

Stealth Layoffs At J.C. Penney, Reports Say

Stealth Layoffs At J.C. Penney, Reports Say

Troubled retailer J.C. Penney is said to be quietly eliminating thousands of retail jobs nationwide. Read More »

JPMorgan Chase To Cut 17,000 Jobs Over The Next 2 Years

JPMorgan Chase To Cut 17,000 Jobs Over The Next 2 Years

NEW YORK -- JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle troubled mortgages. The bulk of the cuts, about 15,000, will come at the mortgage unit, which had swelled to about 50,000 workers from a... Read More »

Goldman Sachs To Begin New Round Of Job Cuts

Goldman Sachs To Begin New Round Of Job Cuts

Goldman Sachs Group Inc. will begin a fresh round of job cuts as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading. The bank usually culls out the weakest 5 percent of its employees around now. But the cuts... Read More »

5 States That Will Lose The Most Jobs If Budget Cuts Go Through

5 States That Will Lose The Most Jobs If Budget Cuts Go Through

By Walter Hickey On March 1, sequestration will go into effect. While the across-the-board budget cuts will target each and every non-exempt program equally, some states in particular will suffer the brunt of the pain because of an economic reliance on defense infrastructure. Because military personnel are... 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 »

'Where Did My Co-Worker Go?' Stealth Layoffs Become Widespread

'Where Did My Co-Worker Go?' Stealth Layoffs Become Widespread

Every week, there seems to be another major employer announcing mass layoffs. But equally prevalent, though less noticed, is the steady stream of employers who conduct "stealth layoffs" every couple of months -- methodically shedding smaller numbers of staff so quietly that often many employees in the firm... Read More »

Barclays To Cut 3,700 Jobs As Part Of Its 'Project Transform'

Barclays To Cut 3,700 Jobs As Part Of Its 'Project Transform'

By Steve Slater and Matt Scuffham LONDON -- Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals. In an attempt to distance the... Read More »

More Blockbuster Stores To Be Shut Down, Massive Job Cuts

More Blockbuster Stores To Be Shut Down, Massive Job Cuts

DENVER -- The video-rental chain Blockbuster plans to close about 300 stores across the country, losing about 3,000 employees. A company spokesman told The Denver Post on Monday that the closures will leave about 500 Blockbuster locations in the U.S. In 2011, the Dish Network bought then-bankrupt Blockbuster... Read More »

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