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12 Nov 2011 14:38

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Biz: MF Global announces layoffs as gracefully as it handled bankruptcy

  • 1,066 MF Global employees getting the boot source
  • » Some found out via media reports: You know what sucks more than getting laid off from your job because your boss (Jon Corzine, who stepped down from the troubled company last week) made a stupid bet on the Euro zone debt crisis and lost, badly? Finding out that you’re getting laid off via news story, rather than through your own company. “We were well into the process of notifying employees and were attempting to personally reach as many employees as possible when the release went out,” noted Kent Jarrell, a spokesperson for James Giddens, the trustee charged with liquidating the company. A number of MF Global employees — none speaking publicly — reported finding out this way.
Posted by Ernie Smith • 0 Comments • Permalink

19 Aug 2011 01:57

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Biz: Bank of America dropping some assets. By “assets,” we mean people.

  • 10,000+ number of workers expected to lose their jobs in a company restructuring; that’s 3.5 percent of the workforce
  • 3,500 workers could get laid off this quarter alone, which is happening in efforts to stage a company turnaround source
Posted by Ernie Smith • 0 Comments • Permalink

06 Oct 2010 10:08

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Biz: September offered more good news for job growth (sarcasm)

  • 39,000 private sector job cuts (meh) source
Posted by Ernie Smith • 1 Comment • Permalink

30 Jul 2010 21:00

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Tech: Space tourist payback: “Lord British” wins a major lawsuit

Richard “Lord British” Garriott, he of the legendary “Ultima” game franchise, was laid off just after returning to earth. Fortunately, a court agreed NCSoft screwed him. source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2010 17:48

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U.S.: D.C. schools Chancellor Michelle Rhee drops hammer on teachers

  • 261 teachers were fired just before the new school year
  • 165 were cited for having poor classroom performance
  • 737 more educators are on thin ice for the next year source
Posted by Ernie Smith • 2 Comments • Permalink

13 May 2010 11:11

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Biz: Payrolls have increased, but jobless claims are still high; why?

  • People aren’t getting laid off, but jobs aren’t getting created. With a decrease in new jobless claims by less than 4,000 (there were 444,000 new jobless claims this week) against a backdrop of increasing payrolls, many are wondering why job growth isn’t faster. Some are suggesting it’s tied to the high unemployment rate. “There are more jobs being created, but the general trend is that businesses are still reluctant to hire,” said analyst Gary Shilling of A. Gary Shilling & Co. The data show that the issue is more a lack of hiring and not people getting laid off.” source
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2010 10:40

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Biz: Fortune 500: Huge profits go hand-in-hand with record layoffs

  • $391
    billion     size of the collective profits the Fortune 500 had last year
  • 821,000
    positions     number of jobs they had to cut to ensure that huge profit source
Posted by Ernie Smith • 0 Comments • Permalink
 

24 Jan 2010 21:47

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Biz: No Sams allowed: Wal-Mart lays off a ton of Sam’s Club employees

  • 11,200 workers aren’t good enough to be in Sam’s Club anymore
  • 10% of Sam’s workers are going away, mostly product demonstrators
  • 10% of Sam’s workers are apparently product demonstrators source
Posted by Ernie Smith • 0 Comments • Permalink

02 Dec 2009 20:57

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U.S.: The Moonies fire the non-crazy part of the Washington Times staff

  • Our circulation sucks. Let’s kill the paper! In a hack and slash maneuver with negative ramifications for tons of journalists, the Times has announced layoffs of 40% of their staff. They also plan to trim the paper back significantly and focus on the right-leaning chatter that has earned the paper a circulation that’s only a fraction of the size of The Washington Post. Is less sports and more crazy the answer? We’ll find out. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Nov 2009 10:43

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Biz, Tech: AOL’s looking to get rid of a lot of freaking people

  • 2,500 workers number of people wanted for voluntary buyouts; if they don’t get those buyouts, they turn into layoffs source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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