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AMD – To layoff 30 Percent of Workforce
Days after warning of a huge sales and earnings miss, chipmaker Advanced Micro Devices is close to announcing a significant reduction in its workforce that could be be made public as early as next week. According to sources familiar with the company’s plans, (they asked not to be identified), AMD will announce next week that … Continue reading
PayPal – 300 Layoffs
A merge of eBay, PayPal is expected to layoff over 300 employees. The firm is speculated to focus more on product development, technology, and marketing… http://techthirsty.com/tag/paypal-layoffs/
Long-Term Unemployed: The Plight
Not all unemployment is created equal—there are better and worse ways to be without a job. The worst way is to be jobless for a long time. As a raft of economic studies have shown, the longer a person is unemployed, the harder it becomes for him ever… http://www.businessweek.com/articles/2012-10-11/the-plight-of-the-long-term-unemployed
Quest Diagnostics cutting 400 to 600 jobs
Quest announced in mid-2011 that it would eliminate 500 jobs as part of a larger plan to cut $500 million in annual spending over the next three years and said Thursday’s moves were part of that plan… http://www.businessweek.com/ap/2012-10-11/quest-diagnostics-cutting-400-to-600-jobs
Siemens to cut 8000 jobs
SIEMENS HAS identified about 8,000 potential job cuts globally, a number that may reach 10,000 by year-end as chief executive Peter Loescher seeks to boost efficiency, a person familiar with the plan said. The reductions are the result of a global… http://www.irishtimes.com/newspaper/finance/2012/1012/1224325187279.html
Atlanta – Carter’s to bring 200 jobs
The children’s clothing company Carter’s is bringing 200 professional jobs to Atlanta, closing a Connecticut office that employed 175. The positions are primarily in store operations, finance and information technology. With the jobs in Connecticut… http://www.ajc.com/news/business/carters-to-bring-200-jobs-to-atlanta/nSbGx/
Greece – Unemployment hits a record 25% in July
Unemployment in Greece hit a record 25.1% in July, with the level among young people reaching 54.2%, according to the latest official figures. Greece’s statistical authority said 1.26 million Greeks were jobless in July, with more than 1,000 jobs lost every day over the past year. With austerity cuts continuing and Greece likely to enter … Continue reading
Va – 201 employees get layoff notices from ITT Exelis
The news has come the week after the unexpectedly upbeat and widely questioned September employment report from the Department of Labor which showed unemployment falling below eight percent for the first time since President Obama entered the… http://www.wdbj7.com/news/wdbj7-201-employees-get-layoff-notices-from-itt-excelis-20121011,0,1256550.story
U.S. weekly unemployment claims drop to 4.5 year low
The news has come the week after the unexpectedly upbeat and widely questioned September employment report from the Department of Labor which showed unemployment falling below eight percent for the first time since President Obama entered the… http://www.dailymail.co.uk/news/article-2216203/U-S-weekly-unemployment-claims-drop-4-5-year-low–left-OUT-California.html?ito=feeds-newsxml
ILO – 30 million more jobless: unemployment higher than before global financial crisis
There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said in remarks published on Friday. The figures come amid a growing debate over… http://economictimes.indiatimes.com/news/news-by-industry/jobs/30-million-more-jobless-unemployment-higher-than-before-global-financial-crisis-ilo/articleshow/16779149.cms
TATA Steel Europe to go for more layoffs
PTI reported that battling slowdown in demand for steel in Europe, TATA Steel plans to go for more layoffs and cut production in its European operations besides infusing funds to make it an all weather company. Dr Karl Ulrich Kohler CEO &MD of TATA… http://www.steelguru.com/international_news/TATA_Steel_Europe_to_go_for_more_layoffs_and_cut_production/287372.html
Australia – BHP set to cut iron ore jobs
BHP is meeting staff to announce job cuts from its iron ore division as it tries to slash costs. AAPunderstands about 200 workers in its iron ore division are set to be made redundant, mostly in Perth. Redundancies in iron ore would appear to have… http://www.skynews.com.au/finance/article.aspx?id=805124
2nd-gen immigrants pull ahead in US, Canada, Australia
In a new study published by the journal Social Science Research, sociology professor Jeffrey G. Reitz and PhD candidate Naoko Hawkins from the University of Toronto and Heather Zhang from McGill University examined survey and census data to compare the achievements of immigrants and their offspring. “From a Canadian perspective, the findings are a welcome … Continue reading
Vestas Cuts U.S. Jobs by 20 Percent
Vestas Wind Systems A/S (VWS), the world’s biggest maker of wind turbines, has cut about a fifth of its U.S. jobs as it waits for lawmakers to decide whether to extend a tax credit for the industry. The reduction has taken its workforce in the U.S. and… http://www.bloomberg.com/news/2012-10-12/vestas-cuts-u-s-jobs-by-20-percent-awaiting-tax-credit-decision.html
India: Infosys to hire 6000 from campuses, a sharp fall from last year
Infosy’s today finally announced salary hikes sending cheers among 153,761 employees. But painted a gloomy picture for engineering aspirants planning to join the industry by hiring 6,000 students, a sharp drop from 19,000 done last year. Infosys has … http://business-standard.com/india/news/infosys-to-hire-6000campusessharp-falllast-year/191029/on
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