layoffs

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Drug Dealers: Experts in Recessionary Business
Drug Dealers: Experts in Recessionary Business
book review
Sep 21, 2009 5:26 PM CDT

Drug Dealers: Experts in Recessionary Business

CEOs could learn a lot from hustlers

(Newser) - 50 Cent is the first rapper to pen a book of management advice. It’s a shame, then, that The 50th Law, co-written by Robert Greene, boils down to the worst kind of “be authentic” self-help boilerplate, writes Lucy Lucy Kellaway for the Financial Times. As a former drug...

Furloughs Freeze State Services

Strapped states try to balance budgets by shutting down

(Newser) - States across the country are slashing their labor costs by putting workers on furloughs and cutting services, the Wall Street Journal reports. California, Maine, Maryland and Michigan close state agencies on Fridays. Others are opting to remain open every weekday, but stretch services by placing thousands of workers on rolling...

Horses Laid Off as Cop Budgets Trimmed

Police, locals 'heartbroken' to see them go

(Newser) - It’s not just humans facing unemployment these days: horses are seeing their jobs disappear as police in Boston, Toledo, and other cities cut their mounted units, the Wall Street Journal reports. The units are said to bolster crowd control, with one mounted cop worth 15 on foot. And “...

Looking for Work? Better Have a Job Already

Another hurdle for job-seekers as unemployment nears 10%

(Newser) - Finding a job when unemployment is at 9.4% is hard enough. But the recently laid-off have another hurdle to contend with: Many employers are most interested in attracting candidates who are still working, the Wall Street Journal reports. “If they’re employed in today’s economy, they have...

Many Toil Through Forced Leave

Workers on furloughs aren't granted—or won't allow themselves—time off

(Newser) - Sure, required time off beats a layoff—but that can be tough to remember as many continue working through their furloughs, the New York Times reports. Some worry their jobs are at stake if they don’t keep working; others just can’t get their employers to schedule days off....

Google Dumps Disney Trip to Save Bucks

Employees' annual outing canceled after round of job cuts

(Newser) - There may be some tears and tantrums at Google's normally happy headquarters this week, the Telegraph reports. The company, rated one of the world's best to work for thanks to its generous perks, has canceled the annual company-wide trip to Disneyland. Insiders say executives decided the trip was too extravagant...

Firms Feed Workers to Boost Morale
Firms Feed
Workers to
Boost Morale
Jun 11, 2009 1:45 PM CDT

Firms Feed Workers to Boost Morale

It's not a raise, but perk goes long way in tough times, managers say

(Newser) - The way to employee satisfaction is apparently through their stomachs. Businesses slicing jobs and benefits in tough times are finding that free food is a cheap way to boost worker morale, the Boston Globe reports. The majority of financial officers recently surveyed—68%—is taking steps to boost employee spirits....

Jobless Cling to Their Faith in Detroit

Religions offer comfort as jobless face pain, hunger

(Newser) - Thousands of Detroit's jobless are coping with fear and desperation by falling back on faith, the Detroit Free Press reports. Houses of worship are increasingly fielding calls from people seeking jobs, food, and housing—but above all, congregants say, they find comfort. "When the tension comes and the pressure...

Wanted: Female Bloggers Not Afraid of Math
Wanted: Female Bloggers Not Afraid of Math
OPINION
May 26, 2009 5:47 PM CDT

Wanted: Female Bloggers Not Afraid of Math

Feminists focus on fluffy recession news, hurt women's cause

(Newser) - What movies do broke people watch? How do lipstick sales reflect a limping economy? A review of women's blogs shows a dangerous emphasis on "recession lite," writes Linda Hirshman for DoubleX. What women need is someone willing to do the math and go to bat against the men...

44 States Shed Jobs in April
 44 States Shed Jobs in April 
May 22, 2009 3:07 PM CDT

44 States Shed Jobs in April

Job shedding continued last month

(Newser) - Instead of May flowers, April showers brought a flood of job losses, with 44 states notching declines, the Wall Street Journal reports. California led the pack with 63,700 positions cut, but its 11% unemployment rate trailed those of Michigan (12.9%), Oregon (12%), South Carolina (11.5%), and Rhode...

Ahead, the Summer of the Furlough

(Newser) - Already-downsized companies seeking to cut costs further will likely increase temporary layoffs this summer, hoping the season will ease the pain of a missed paycheck, Fortune reports. A recent poll found that 44% of US companies are considering or have already implemented furloughs. But some institutions and employees are getting...

This Mother's Day, She's Likely at Work

Women take on role of breadwinner as 4 of 5 lost jobs hit men

(Newser) - She's chef, cheerleader, and Florence Nightengale to scraped knees, but with the economy stinking like a previously enjoyed diaper, Mom is more and more often also a family's breadwinner, reports NPR. As male-dominated industries hemorrhage jobs, 14% of working moms are taking second jobs, a survey suggests. The recession has...

Layoffs Slow as Unemployment Hits 8.9%, Worst Since '83

539K positions cut; jobless rate hits 8.9%, highest since 1983

(Newser) - The pace of layoffs slowed in April when US employers cut 539,000 jobs, the fewest in 6 months; economists had expected 620,000 job cuts. But the unemployment rate climbed to 8.9%, the highest since late 1983, as many businesses remain wary of hiring in a climate of...

Chrysler Halts Production to Lower Inventory

Automaker also appears in court to lay out bankruptcy plan

(Newser) - Chrysler idled its plants today for 30 to 60 days to reduce inventory as the company’s lawyers appeared in a New York bankruptcy court, the Washington Post reports. The attorneys outlined a plan to emerge from bankruptcy within 2 months. “We are quite mindful of the view of...

Sanford Still Fights Stimulus Plan, Tears in His Eyes

SC Guv sticks to his guns over rejecting stimulus money

(Newser) - Angry state legislators and picketing teachers still haven't swayed Mark Sanford. The conservative governor of South Carolina is ignoring opponents and his dipping approval rating, now at 40%, because he's wary of federal stimulus dollars. But when a lone security guard gives his support, Sanford's strained emotions begin to show....

Mo. Paper Axes Journalist Shot on the Beat

Reporter was wounded in '08 Kirkwood city council rampage

(Newser) - A St. Louis-area reporter shot last year while covering a city council meeting has been laid off from his paper, the Riverfront Times reports. Todd Smith spent days in the hospital last February after taking a bullet in the hand in an attack that left seven dead. “This is...

Yahoo to Cut 700 Jobs as Profit Plunges

(Newser) - Yahoo says its slump worsened in the first quarter as the recession made it more difficult to sell the ads that generate most of its profits. The company says it will cut 600 to 700 jobs, or about 5 percent of its work force. Yahoo says it earned $118 million,...

Pulitzer Winner Was Laid Off
Pulitzer Winner Was Laid Off
Apr 21, 2009 3:39 AM CDT

Pulitzer Winner Was Laid Off

But he started Arizona news site with axed editor who supervised heralded series

(Newser) - Pulitzer, Schmulitzer: being a terrific journalist is no insurance against unemployment. East Valley Trib reporter Paul Giblin was laid off from the Arizona paper last year even though he co-authored its series on immigration crackdowns that won a Pulitzer Prize for Local Reporting yesterday. The supervising metro editor was also...

Gunman Kills 2, Self at Calif. Medical Center

Pharmacy worker believed to have been fearing layoffs

(Newser) - A worker at the Long Beach Medical Center shot and killed his boss and another manager before taking his own life yesterday, reports the Los Angeles Times. Witnesses said pharmacy technician Mario Ramirez, 50, showed up for work brandishing a pair of handguns and deliberately sought out his victims. Friends...

UBS Announces $1.7B More Losses, 8,700 Job Cuts

Bank blames US tax fraud case for some of its 1Q losses

(Newser) - Bad times are continuing for UBS in the wake of last year's record loss, the Guardian reports. The troubled Swiss bank reported a $1.75 billion loss in the first quarter, and announced plans to ax 8,700 employees—11% of its global workforce—sparking rumors that it plans to...

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