Last week the editor and publisher of The Oregonian announced brutal cuts: Almost 100 of the Portland daily newspaper's 650 employees would be laid off. The newsroom, in particular, was decimated; nearly 1 in 4 editorial staffers would be jobless by Sept. 27.
But that may not have been the most surprising part.... Read More »
WASHINGTON -- The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market. Initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 334,000, the Labor Department said... Read More »
WASHINGTON -- The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity. Initial claims for state unemployment benefits declined 11,000 to a seasonally adjusted 346,000, the Labor Department said on Thursday. Claims for... Read More »
By Elicia Dover
A Florida first grade teacher has been suspended for allegedly lying about having a terminal disease so that she could leave school early and take extra days off.
Ashley Barker, a teacher at the Laurel Elementary School in the Polk County School District, was informed by the school board that... Read More »
NEW YORK -- This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week. The network on Thursday will begin airing "Does Someone Have to Go?" a series where cameras go into small businesses and... Read More »
By Lawrence White and Steve Slater
HONG KONG/LONDON -- HSBC will redouble its cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional... Read More »
By Sallie Krawcheck
There are some things worth being fired over. Sometimes your personal values don't mesh with the company's (regardless of what the company's "Values Statement" says).
Back in 2008, at Smith Barney, we had sold supposedly low-risk investments to our clients. But instead of their value... Read More »
By Elizabeth Dilts
NEW YORK -- The U.S. government's effort at cutting spending across the board is hurting a population once considered among the most financially stable -- dual income families where both partners are government employees.
Starting on Monday, employees at agencies such as the Federal Aviation... Read More »
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 »
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 »
YAKIMA, Wash. -- Pink slips went out Monday to nearly 250 workers and more than 2,500 others were notified that they face furloughs of several weeks at the nation's most contaminated nuclear site, where cleanup is likely to be slowed because of automatic federal budget cuts.
About 9,000 people work at... Read More »
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 »
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 »
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 »
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 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 »
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 »