BofA Confirms Plan to Lay Off 30,000 Employees

Staff / Truthdig Sep 12, 2011 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) Dig deeper ( 1 Min. Read )

Bloomberg: Bye-Bye Teachers

Staff / Truthdig May 7, 2011 New York Mayor Michael Bloomberg has announced that his city does not have the tax revenue needed to continue paying some 6,000 of its teachers. Dig deeper ( 1 Min. Read )

Wisconsin’s Walker Readies the Pink Slips

Staff / Truthdig Mar 5, 2011 Wisconsin Gov. Scott Walker, voicing his frustration with AWOL Democrats, was preparing to send layoff notices to 1,500 state workers as the stalemate over his union-busting budget bill continued. Dig deeper ( 1 Min. Read )

Walker: Layoffs Loom for Wis. Workers

Staff / Truthdig Mar 4, 2011 Things got a little lively in Wisconsin on Thursday, as news hit the wires that the state Senate had voted to allow the arrest of more than a dozen Democratic senators who had fled the state in protest of Gov Scott Walker's contentious union-busting bill . Dig deeper ( 1 Min. Read )

Snag in Jobs Bill Could Hit Struggling States

Staff / Truthdig Jun 26, 2010 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. Dig deeper ( 1 Min. Read )

Do the Math

Mike Luckovich / Truthdig May 10, 2010 Dig deeper

Toyota to Post First Loss in 70 Years

Staff / Truthdig Dec 23, 2008 Here's yet another sign of the econo-polcalypse: Toyota Motor Corp., which has been profitable for decades thanks to steady sales and shrewd leadership, has predicted a loss for the first time in 70 years. Dig deeper ( 1 Min. Read )

NPR Catches Layoff Fever

Staff / Truthdig Dec 11, 2008 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. Dig deeper ( 1 Min. Read )

Sony Paring Its Work Force by 8,000

Staff / Truthdig Dec 9, 2008 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. Dig deeper ( 1 Min. Read )

American Express Cutting 7,000 Jobs

Staff / Truthdig Oct 31, 2008 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. Dig deeper ( 1 Min. Read )

Democracy Now! on the L.A. Times Firings

Staff / Truthdig Nov 17, 2006 Amy Goodman interviews L 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. Dig deeper ( 1 Min. Read )