Layoffs And Downsizing

Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly 2 to 1. A Reuters analysis of job cuts announced by 29 major banks showed the 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. ...

The recent announcement of 27,000 layoffs at HP can send a chill through any corporate employee. The reality is that anyone can end up out of work from an unexpected corporate restructuring. It pays to know what immediate steps to take if and when you are faced with being laid off. ...

Among the world's best hotels, the "warm staff" has set the Bel-Air apart, according to Travel and Leisure magazine. ...

In an economy wracked by layoffs and downsizing, finding a new job often means changing career paths. Despite the financial strain and emotional turbulence that comes with job changes, there is good news. Let's roll up our sleeves and get to work. ...

The government is facing a default. The summer showdown over the federal debt limit was caused by politicians, but one agency is in fact confronting an authentic inflection point - the United States Postal Service. As the New York Times reported on September 4, the USPS does not have enough cash on hand to ...

By Lauren Tara LaCapra (Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad. The museum-quality prints, depicting workers ...

Bank of America plans to lay off 3,500 employees by the end of next month, and potentially even more than 10,000 total, according to The Wall Street Journal and The New York Times. It's the latest installment of the 30,000 to 35,000 layoffs the bank announced in 2008, which were to be staggered over three ...

It's been said, "When one door closes, another opens." That may be never so true as for 10 employees of a SMART Technologies plant near Canada's capital city, Ottawa, who were given layoff notices Wednesday. ...