Job Market Monitor
Layoffs
Yahoo – To cut 100 to 200 jobs, mostly in Canada
Yahoo Inc. is cutting between 100 and 200 employees, mostly in Canada, according to a person familiar with the matter, as Chief Executive Marissa Mayer works to reduce costs at the Internet company. The layoffs, focused on employees in the company’s Canadian offices, would affect roughly 1% of Yahoo’s world-wide staff of 12,500, this person … Continue reading
Displaced Workers – Why earnings fall
After being displaced from their jobs, workers experience reduced earnings for many years and are at greater risks of other problems as well. The ills suffered by displaced workers motivated several recent expansions of government programs, including the unemployment insurance system, and have spurred calls for wage insurance that would provide longer-run earnings replacement. However, … Continue reading
US – Government workers are less likely to be displaced CATO finds
This paper examines the extent to which public-sector employment has been relatively recessionproof in the past, whether previous patterns with respect to job displacement held during the Great Recession, and whether the experiences of federal, state, and local government workers have been similar… We use a sample of over 800,000 workers taken from the … Continue reading
US – Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978 BLS finds
Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978; they also were less secure about the ease with which they would find a comparable job if they were separated. As might be expected, the two measures of job security track unemployment, although other factors certainly play a … Continue reading
Tesco – UK’s biggest retailer to cut thousands jobs
Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer. Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading
Sears and Target Employees Losing Their Jobs in Canada – A discount and the promise of local job fairs
Sears Canada has followed through on a promise to begin meeting with some of the workers who are losing their jobs at Target Canada. Chief executive Ronald Boire says about 140 Target employees were bused to its Sears headquarters in Toronto last week, part of a nationwide effort to network with potential candidates. “We felt … Continue reading
Sony Mobile – To cut 1,000 jobs
Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony’s mobile division workforce will shrink by about 30 … Continue reading
Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost
The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading
Tim Hortons – Planning ‘significant’ layoffs
Tim Hortons is set to lay off a “significant” number of employees of its head and regional offices next week, according to sources. The layoffs, anticipated to some degree since Burger King finalized its merger with the country’s biggest coffee and baked good chain last month, could come as early as Tuesday, sources familiar with … Continue reading
IBM dismisses report of massive layoffs
IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26% of its workforce, which would represent its biggest-ever layoffs. via IBM dismisses Forbes report of massive layoffs | News | Tech | Toronto Sun. Related Post Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs … Continue reading
Deere – To cut more than 900 jobs
Deere & Co (DE.N), the world’s largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. The layoffs, which represent about 3 percent of Deere’s workforce … Continue reading
Photographers – All laid off at Sports Illustrated
Can news organizations survive without photographers on staff? That question jolted the media world Friday after Sports Illustrated laid off its entire roster. Photographers haven’t been hit with a layoff of that scale since The Chicago Sun-Times cut its entire 28-person photo staff in 2013. The newspaper said it would use freelance photographers and ask … Continue reading
Biggest-Ever Corporate Layoffs at IBM – To Cut more than 111,000 Jobs
IBM is set to announce the largest round of corporate layoffs in history, culling 26 percent of its worldwide staff, or more than 111,000 people, beginning as early as this week, according to a report. The cuts are part of a reorganisation plan called “Project Chrome” that has been rumoured for several weeks, and which … Continue reading
Crude oil’s collapse will cost 9,000 jobs at Schlumberger
Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer. The cuts — nearly 8% of Schlumberger’s 120,000 workers, were announced Thursday “to better align with anticipated activity levels for 2015,” the company said. Chosen excerpts by Job Market Monitor. Read … Continue reading
Sony – To cut 90 jobs closing all 14 Canadian stores
Sony Corp. has announced plans to close all 14 of its Canadian stores as it focuses on other areas of its business. The electronics giant said about 90 employees will be laid off as the stores shut down over the next six to eight weeks. Chosen excerpts by Job Market Monitor. Read the whole story at Sony … Continue reading
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