Job Market Monitor
Layoff
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
Technology sector layoffs surge as Hewlett-Packard cuts job cut
Planned layoffs that will impact 30,000 workers at computer giant Hewlett-Packard helped push job cuts announced by technology-sector firms to their highest level in three years, according to a report on tech-sector downsizing released Monday by global outplacement firm Challenger, Gray & Christmas, Inc. Technology firms, including those in computer, electronics, and telecommunications, combined to … Continue reading
Autoworkers – 55% forced to ask family and friends for financial help three years after layoffs
Three years after losing their jobs, laid off autoworkers continue to struggle financially and personally, a new CAW report says. The second round of findings in the CAW’s three-year study of laid-off auto workers, found that 55 per cent of the 260 workers surveyed, have been forced to ask family and friends for financial help … Continue reading
MICROSOFT ADVERTISING – Layoffs
Microsoft Advertising confirmed that it cut a number of key advertising and marketing positions, underscoring our previous reports that the company may be in large part backing away from the advertising business. As a digital marketing evangelist at Microsoft Advertising, Carson had a very public role at the company: His job was to forge relationships … Continue reading
Lockheed Martin – 740 jobs cut
Defense contractor Lockheed Martin Corp, builder of the iconic, but as yet ‘unproved’, F-35 stealth fighter, said that it has slashed its workforce by 740 as part of efforts to save costs amid challenging budget environment. The company, in a statement yesterday, said job cuts will take place in its Mission Systems & Sensors (MS2) … Continue reading
Resolute: Layoffs to come with shutting down paper line at Catawba plant
Resolute Forest Products is shutting down one of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Layoffs will start July 2, said Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. How many people … Continue reading
GM – Brazil: Extending Voluntary Layoffs
The Brazilian unit of General Motors Co. (GM) said Friday that it is prolonging a voluntary layoff program at one factory and expanding the program to a second Brazil factory. GM said in a statement that it will accept volunteers until July 2 at its Sao Jose dos Campos factory to have their contracts bought … Continue reading
In The News | The Job Stall on the Verge of Another Recession, Germany’s skilled worker shortage, Layoffs, Greece and More
Joblessness Rises: Are We on the Verge of Another Recession? | Economy alternet.org – The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but… JobMarketMon Why the U.S. economy is … Continue reading
Early retirements save jobs at Crozer-Keystone Health System
With 196 employees accepting the early retirement offer, officials at the Crozer-Keystone Health System whittled the number of employees targeted for layoff from 325 to 30. “We were very, very lucky,” Crozer-Keystone Vice President of Marketing Kathy Scullin said. “Because so many people took it, we were able to greatly reduce the number of people … Continue reading
Sony Confirms 10,000 Layoffs but Games studios ‘spared’
Games studios ‘spared’ in Sony mass-layoff plan | Game Development | News by Develop Chemicals, TV, sales and marketing to bear the brunt of global cut-backs Sony will not bury the axe into its games division as the company prepares to slash some 10,000 jobs from its global entertainment empire, Develop understands. Information of the … Continue reading
School layoffs | Losing teachers in Orange County
Ten districts across Orange County have released the names of hundreds of teachers and other employees facing potential layoffs. Last month, districts announced they could cut more than 1,500 school jobs as part of an effort to slash up to $269 million from budgets, prompted by the state’s ongoing budget crisis. An Orange County education … Continue reading
UPDATE : Electronic Arts Canada | Denies Reports of Massive Layoffs
Electronic Arts (EA) is expected to layoff between 500 to 1,000 employees this week, reports Silicon Valley blog Startup Grind. That represents up to 11 per cent of the company’s total staff, according to numbers released in EA’s latest financial statement on March 31. The video game publisher has four Canadian offices including Montreal, Edmonton’s … Continue reading
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