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Tag: Layoffs


drp (CC BY-NC-ND 2.0)

Nearly 9 of 10 Low-Wage Workers Fear They Can’t Make Ends Meet

A new poll finds that workers on the bottom rungs of the economic ladder face job-loss anxiety levels not seen since the 1970s. The vast majority also say they fear their family incomes can’t keep them afloat financially. This is the American economic reality for those not riding the Dow Jones average.

Posted on Nov 26, 2013 READ MORE


Invasion of the Big Box Stores

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Posted on Jul 8, 2013 READ MORE



Rennett Stowe (CC BY 2.0)

Layoffs of Public Workers Harm Recovery

Although the private sector has made meager employment gains since the beginning of the long climb out of the recession, government jobs are disappearing at an accelerating rate.

Posted on Jun 20, 2012 READ MORE



kevin dooley (CC BY 2.0)

A Big Buyout at the Postal Service

The money-losing USPS is offering buyouts to 45,000 mail handlers as it moves to slash its payroll and cut the number of processing centers around the country by nearly half.

Posted on May 26, 2012 READ MORE



Flickr / shredded77 (CC-BY)

Postal Service May Slash 35,000 Jobs

The U.S. Postal Service said Thursday that it is thinking about closing more than half of its mail-processing centers, which would eliminate more than 35,000 jobs, in order to turn a profit. (more)

Posted on Sep 15, 2011 READ MORE



Flickr / I-5 Design & Manufacture

BofA Confirms Plan to Lay Off 30,000 Employees

Bank of America has confirmed a plan to eliminate 30,000 jobs “over the next few years,” 10,000 fewer than what The Wall Street Journal reported Friday. The layoffs will amount to about 10 percent of the bank’s workforce. Update (more)

Posted on Sep 11, 2011 READ MORE


ENTER_ALT_TEXT
Flickr / Center for American Progress

Snag in Jobs Bill Could Hit Struggling States

Strapped-for-cash states may be up the creek on this one: A jobs bill has stalled in the Senate, jeopardizing billions in federal aid to struggling states. Local and state officials are warning of layoffs in the hundreds of thousands and drastic spending cuts if the bill is not resuscitated.

Posted on Jun 26, 2010 READ MORE


Do the Math

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Posted on May 9, 2010 READ MORE



shop.npr.org

NPR Catches Layoff Fever

The financial crisis has hit the tote bag set: National Public Radio is cutting two shows and 7 percent of its work force, thanks to $23 million in red ink. Non-pledging fans of “Day to Day” and “News & Notes” have only themselves—and the Commodity Futures Modernization Act—to blame.

Posted on Dec 10, 2008 READ MORE


Sony
Flickr / Ian Muttoo

Sony Paring Its Work Force by 8,000

Japanese technology giant Sony Corp. announced Tuesday that it is planning to slash 8,000 jobs—or about 4 percent of its global work force— in response to the deepening international economic crisis.

Posted on Dec 9, 2008 READ MORE


American Express
nafcu.org

American Express Cutting 7,000 Jobs

Joining in the unhappy trend of mass layoffs, American Express announced Thursday that 10 percent of the credit card company’s work force will soon be cut due to the current economic crisis.

Posted on Oct 30, 2008 READ MORE


Democracy Now!

Democracy Now! on the L.A. Times Firings

Amy Goodman interviews L.A. Times reporter Henry Weinstein about the shock waves that have rocked the newspaper since its corporate parent fired the paper’s publisher and editor. Unfortunately, it’s an all-too-common story these days.

Posted on Nov 16, 2006 READ MORE


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