Tag: job loss

  • 'My Daddy Got Fired' - Talking To Kids About Job Loss

    'My Daddy Got Fired' - Talking To Kids About Job Loss

    Keeping lines of communication open is key

    Job loss is tough on you. But what about how it impacts your kids? Two clinical psychologists advise you on how to talk to them and calm their fears Continue Reading

  • Take Action to Fight the Unemployment Blues

    Take Action to Fight the Unemployment Blues

    Keep moving and follow these steps on your jobseeking journey

    Job loss is one of life's toughest challenges. What daily choices can we make to fight off depression and find the next job? Continue Reading

  • 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... Continue Reading

  • Avon To Cut 1,500 Jobs, Saying It Will 'Stabilize' The Company

    Avon To Cut 1,500 Jobs, Saying It Will 'Stabilize' The Company

    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... Continue Reading

  • Women And Men Now Even In The Jobs Recovery

    Women And Men Now Even In The Jobs Recovery

    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... Continue Reading

  • Hostess, Bakers' Union Agree To Negotiate To Save 18,000 Jobs

    Hostess, Bakers' Union Agree To Negotiate To Save 18,000 Jobs

    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... Continue Reading

  • Jobless Claims Jump, Hurricane Sandy Blamed

    Jobless Claims Jump, Hurricane Sandy Blamed

    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... Continue Reading

  • Confessions Of A Corporate Hit Man: 'I Got Paid To Restructure'

    Confessions Of A Corporate Hit Man: 'I Got Paid To Restructure'

    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,... Continue Reading

  • Colgate-Palmolive To Cut More Than 2,000 Jobs

    Colgate-Palmolive To Cut More Than 2,000 Jobs

    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... Continue Reading

  • 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... Continue Reading

  • Sony To Cut 2,000 Jobs

    Sony To Cut 2,000 Jobs

    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. Continue Reading

  • Nordic Telecom TeliaSonera To Slash 2,000 Jobs

    Nordic Telecom TeliaSonera To Slash 2,000 Jobs

    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. Continue Reading

  • 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... Continue Reading

  • 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. Continue Reading

  • Bank of America To Cut 16,000 Jobs By Year End, Report Says

    Bank of America To Cut 16,000 Jobs By Year End, Report Says

    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... Continue Reading

  • Stockbroker Joseph Tarnofsky Learns Carrying Debt Is A Career Killer

    Stockbroker Joseph Tarnofsky Learns Carrying Debt Is A Career Killer

    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... Continue Reading

  • 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. Continue Reading

  • HP Plans To Dump 2,000 More Workers

    HP Plans To Dump 2,000 More Workers

    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... Continue Reading

  • Jobless Claims Rise: Labor Market Healing Slowly

    Jobless Claims Rise: Labor Market Healing Slowly

    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... Continue Reading

  • Job Security Doesn't Exist: 5 Ways To Thrive Anyway

    Job Security Doesn't Exist: 5 Ways To Thrive Anyway

    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... Continue Reading

  • Exec Tells Off Chick-Fil-A Worker, Then Promptly Gets Fired For It

    Exec Tells Off Chick-Fil-A Worker, Then Promptly Gets Fired For It

    By Kim Bhasin Adam Smith, a CFO and treasurer of medical supplies manufacturer Vante, caused quite a stir this week when he put up a video of himself bullying a Chick-fil-A drive-thru employee in Tucson on YouTube. Smith berates the worker about her company in the video, which was initially titled "Reduce... Continue Reading

  • How All The Good Jobs Disappeared

    How All The Good Jobs Disappeared

    By Rob Wile Between 1979 and 2010, jobs paying at least $37,000 per year and having health insurance and a retirement plan fell from 27.4 percent in 1979 to 24.6 percent in 2010. It never should have happened - the American workforce is older and better-educated than ever before right? Continue Reading

  • GM Simplifies Vehicle Development, Cuts Jobs

    GM Simplifies Vehicle Development, Cuts Jobs

    DETROIT (AP) -- General Motors is restructuring its vehicle development process, cutting a layer of management and eliminating about 20 executive jobs. The company said Wednesday that no one will be fired because the cuts will come through retirements and reassignment to other positions. Continue Reading

  • U.S. Manufacturing At Slowest Pace Since 2010, Fewer Jobs Added

    U.S. Manufacturing At Slowest Pace Since 2010, Fewer Jobs Added

    By Steven C. Johnson NEW YORK, July 24 -- U.S. manufacturing this month expanded at its slowest pace since late 2010, hobbled by weak overseas demand for American goods, though a rise in domestic orders helped cushion the blow. Financial information firm Markit said on Tuesday its U.S. "flash" manufacturing... Continue Reading

  • Job Market Improving, ADP Report Suggests

    Job Market Improving, ADP Report Suggests

    WASHINGTON (AP) -- A private survey shows U.S. businesses increased hiring in June, suggesting the job market could be recovering after three sluggish months. Continue Reading

  • Unemployment Benefits Whittled Down

    Unemployment Benefits Whittled Down

    Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. Although Congress reauthorized federal emergency unemployment benefits earlier this year, lawmakers reduced the weeks the jobless can collect payments. The cutbacks come in two phases -- one now and another... Continue Reading

  • You've Been Fired? 10 Things To Do Immediately

    You've Been Fired? 10 Things To Do Immediately

    By Alison Green If you've just heard the words, "you're fired," don't panic. By staying calm, you'll be better able to take steps that will help you get over this hump faster. Here are 10 things you should do immediately after losing your job: Continue Reading

  • Ex-Olympus CEO Wins $15 Million Settlement, Company Announces Job Cuts

    Ex-Olympus CEO Wins $15 Million Settlement, Company Announces Job Cuts

    By Yuri Kageyama TOKYO (AP) -- Former Olympus Corp. Chief Executive Michael Woodford will receive 10 million pounds (1.2 billion yen, $15.4 million) in a settlement over his dismissal from the Japanese camera and medical equipment maker. Olympus also announced it will cut nearly 3,000 jobs. Continue Reading

  • Wall Street Bankers Face Hard Times, Job Cuts Loom

    Wall Street Bankers Face Hard Times, Job Cuts Loom

    By Lauren Tara LaCapra (Reuters) - Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from dealmaking, capital raising and lending. Investors, consultants and analysts say that the big banks are just not bringing in the revenue needed to keep... Continue Reading

  • Texas Society Reporter, Fired For Stripping, Charges Gender Discrimination

    Texas Society Reporter, Fired For Stripping, Charges Gender Discrimination

    By Juan A. Lozano HOUSTON -- A former Houston Chronicle reporter announced Thursday that she has filed a federal gender discrimination complaint alleging she was fired because she failed to disclose that she also had worked as an exotic dancer. Sarah Tressler, 30, alleges that she was fired by the newspaper... Continue Reading