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Unknown number of layoffs hit several studios in Seattle area
WB Games Seattle, which is composed of Monolith Productions, Snowblind Studios and Surreal Software have been hit with an unknown number of layoffs today. A source close to the studio confirmed to Joystiq that the Seattle team has been affected. Nothing concrete has been announced as of yet, though earlier layoffs saw around 60 people … Continue reading
Deutsche Bank – 1,900 jobs cut
Deutsche Bank said Tuesday it plans to cut about 1,900 jobs, most of them outside Germany, as its earnings fell 46 per cent in the second quarter as the European debt crisis hurt its investment banking and trading activities. The bank, which employs nearly 101,000 people, said about 1,500 of the job cuts will be … Continue reading
Scotland – 350 new jobs created for Shetland oil platform
THE Prime Minister has promised to support manufacturing as he congratulated a Fife firm which is taking on 350 workers after winning two massive contracts. David Cameron visited Burntisland Fabrication (BiFab) just after bosses there announced new contracts worth £140 million involving the design, procurement and construction of major components for a new oil platform. … Continue reading
The Great Recession other side of the coin: 170,000 small businesses gone in two years
The nation lost more than 170,000 small businesses during the first two years of the recession, according to an On Numbers analysis of newly released federal data. A total of 6.79 million small businesses operated within the nation’s 938 metropolitan and micropolitan areas in 2010, the latest year for which official statistics are available. That … Continue reading
UK – IBM confirms dozens of layoffs
IBM is to lay off dozens of workers in the UK, the company has confirmed. The confirmation followed a story in The Register, which suggested that up to 100 employees in IBM’s Strategic Outsourcing Delivery unit could be made redundant. “Change is constant in our industry and transformation is a permanent feature of our business … Continue reading
Saudi Arabia – Ministry warns employers: it is a violation of the Kingdom’s labor regulations to insist a woman should be unmarried
Ministry spokesman Hatab Al-Anazi said: “Some private companies are stipulating conditions such as a woman shall be recruited only if she is single or not pregnant if married. “It is against the regulations approved by the ministry.” Al-Anazi added the demand a woman worker should remain single is also against the Islamic law adopted by … Continue reading
Cisco – 1,300 jobs cut
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company. “We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population,” the company said in an emailed statement. These actions … Continue reading
Citigroup – 350 Job Cuts in Securities Division
Citigroup Inc. (C), the third-biggest U.S. bank, plans to cut about 350 additional jobs this year from the securities division, which includes investment banking and trading, according to a person with knowledge of the matter. The reduction equals about 2 percent of the unit’s staff, according to the person, who asked for anonymity because the … Continue reading
US – 27 states recorded unemployment rate increases
Regional and state unemployment rates were little changed in June. Twenty-seven states recorded unemployment rate increases, 11 states and the District of Columbia posted rate decreases, and 12 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-seven states and the District of Columbia registered unemployment rate decreases from a year earlier, while three states experienced increases. … Continue reading
US Unemployment System – A Bad Employment Policy
…Between 2008 and 2011, $174 billion in unemployment taxes was collected while $450 billion was paid out in benefits, a gap of $276 billion. Thirty-four states blew through their unemployment insurance trust funds and borrowed from Washington — and 22 of those still owe the feds a total of more than $30 billion, according to … Continue reading
Illinois – Honeywell layoffs – Plant shut down for up to 15 months
Leaving town to find a job: hundreds of local families face a new reality Thursday after one of the area’s largest employers makes it official. The plant shut down for up to 15 months, the majority of the workforce laid off. Many of those employees were already out of a job after the Metropolis Honeywell … Continue reading
Credit Suisse – Another Round of Layoffs
Credit Suisse Group is laying off another 138 employees in the New York region beginning next month, the third round of layoffs it has made this year. The cuts, mentioned in a filing Wednesday with New York State’s Department of Labor, follows an announcement by Switzerland’s second-biggest bank the same day of a 15.3 billion … Continue reading
Australia – Carbon tax won’t hurt jobs according to OECD’s Report
Australia’s carbon tax is expected to have at most a moderate effect on employment within the country, the Organisation for Economic Co-operation and Development (OECD), predicts. According to the OECD’s Employment Outlook 2012, “environmental taxes” were predicted to have a “modest overall effect on employment and little impact on the demand for skills”. “Fossil-fuel industries … Continue reading
The Skills Gap Fallacy
We can have a philosophical debate about which came first — the chicken or the egg. But when it comes to job creation there should be no such argument. Organizations and individuals who create new organizations are the chicken — they are the job creators. Employees and skilled workers are the eggs — they are … Continue reading
Is America falling behind in the Talent War ?
The search for skills has been a daunting task for U.S. companies trying to find the right person to fill well paying and highly skilled jobs. Despite high unemployment rates, many employers report they’re struggling in the job matching process, frequently complaining that there’s a mismatch between the available domestic workforce and the skills they … Continue reading
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