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 »
NEW YORK -- Avon Products said it will cut about 1,500 jobs and exit two Asian markets -- South Korea and Vietnam -- as the struggling beauty products seller takes some initial steps toward its cost-cutting goal.
The job cuts amount to almost 4 percent of its workforce and marked one of the first major moves... Read More »
By Annalyn Kurtz
The gap between men and women workers is narrowing as hiring remains strong in the female-dominated health care industry.
Forget the "mancession" or the "he-covery." Men suffered the biggest job losses in the financial crisis, and also gained the most post-recession jobs.
But now, men and... Read More »
Hostess Brands Inc. agreed in court on Monday to enter private mediation with its lenders and leaders of a striking union to try to avert the liquidation of the maker of Twinkies snack cakes and Wonder Bread.
Hostess, its lenders and the Bakery, Confectionery, Tobacco Workers and Grain Millers International... Read More »
WASHINGTON -- The number of Americans filing new claims for jobless benefits surged last week to a 1 1/2-year high, a sign superstorm Sandy had dented the U.S. economy by leaving tens of thousands of people out of work.
Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted... Read More »
When people ask me what I did before I became a career coach, I say, "Have you seen the movie 'Up in the Air' with George Clooney?" At which point, they say, "Yes!" Then I say, "He had my job." Sometimes, I even throw in the random additional fact that Clooney and I share the same birthday too. (Sorry George,... Read More »
Colgate-Palmolive Co. unveiled a cost-cutting plan on Thursday that included cutting its workforce by the end of 2016 by about 6 percent.
The toothpaste maker, which has some 38,600 employees, also posted a higher quarterly profit that met analyst expectations.
Third-quarter profit was $654 million, or $1.36... Read More »
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 »
Sony said it will lay off staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. Read More »
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 »
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 »
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... Read More »
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 Industry... Read More »
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 »
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... Read More »
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 seasonally... Read More »
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 important to... Read More »