layoff

Markets can take a longer breath, job cuts in U.S. were fewer this time

June 5, 2009 - 9:51am | Analytics | News

US government report released Friday showed that American employers cut 345,000 jobs last month, the fewest since September and far less than forecast which is considered as additional evidence the economy's severe weakness was diminishing.

Still, the unemployment rate reached 9.4% the highest since a matching rate in July 1983, from 8.9% in April, according to the Labor Department report.

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Not very good news emailed to Barclays IT staff

May 12, 2009 - 7:51am | Banks and internet banks | News

Barclays IT staff has received another email about more jobs being likely to be cut in 2009. The department has already lost 700 staff last year as part of a planned job cuts of 1,800 by 2011 and another 400 people in January whose "roles and responsibilities were unclear".

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What about pension for Wells Fargo's workers?

May 7, 2009 - 2:58am | Banks and internet banks | News

On Wednesday, Wells Fargo & Co announced about the intention to freeze its cash-balance retirement plan for all employees, according to the Reuters report. Wells Fargo also has cut 548 jobs in the former home of Wachovia, uptown Charlotte, North Carolina. Layoffs began in February, and are to continue through the mid of the summer.

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eBay to close Canada operations in the guise to unite North America business

May 6, 2009 - 5:26am | News | Other themes

eBay revealed its intention to unite its North America customer service operations, in a move to strengthen customer service provided to sellers and buyers. These efforts will enable eBay to capture efficiencies, expand support to customers and facilitate the delivery of new service programs focused on improving the eBay customer experience.

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Is it so necessary to lay off the employees? Consider alternatives first

April 23, 2009 - 10:02am | Articles | Other themes

Unemployment is a devoted companion of crisis. According to the latest statistics revealed by The World Factbook the unemployment rate in world grows and today we have the following picture: Australia - 5.70%, Canada - 8.00%, People's Republic of China – 9%, Germany - 8.60%, Israel - 6.80%, Italy - 7.10%, Japan - 4.40%, Netherlands - 3.90, Russia - 8.10%, South Korea - 3.50%, United Kingdom - 6.50%, United States - 8.50%.

alternative to layoff | layoff | pay cut | world financial crisis

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Lloyds’ merger is not good for employees. The Group to fire 1,000

April 23, 2009 - 8:57am | Banks and internet banks | News

Lloyds Banking Group, the UK part-nationalized financial services giant, confirmed the plans to cut jobs at its motor finance division in a move to reduce costs by combining sales forces. The bank formed out the merger of Lloyds TSB and HBOS, last year, will cut 985 full and part-time jobs over the next two years.

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How American workers look into the future of their career

April 2, 2009 - 3:19am | Figures | News

According to the new study conducted by Harris Interactive for Glassdoor.com, an online career site that posts salaries and workplace reviews, now more workers in the U.S. are concerned about possible layoffs as compared to the end of 2008. The survey found that 26% of the polled now fear being fired within the nearest six months. In a similar study at the end of the previous year 21% of respondents expressed such concerns.

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UBS dismissed employees who managed $200 - $300 million assets

March 23, 2009 - 12:05pm | Banks and internet banks | News

UBS has laid off six private bankers in Singapore, people familiar with the matter told Reuters.

The team is known to have been managing assets of Turkish clients worth $200 - $300 million. The sources also said they were hired from Swiss rival Credit Suisse two years ago.

The company stated it had no intention to exit wealth management for Turkish clients and the removal of the team in Singapore was only a part of a group restructuring.

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Massive job cuts. How many millions will join a crowd of unemployed?

February 4, 2009 - 5:30pm | Figures | News

According to the recent reports more than a half million people have been laid of during the last month in the private sector , namely 522,000, and their number will increase in the near future. This figure refers only to private sector.

As for the over sectors reports say that service-providing sector has decreased by 279,000. And in goods-producing sector this figure has fell by 243,000.

job cut | layoff | privat sector | service-providing sector

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Microsoft to reduce costs by cutting 5,000 jobs

January 23, 2009 - 3:27am | News | Other themes

5,000 employees are being laid off by Microsoft after the tech giant reported a net profit of 4.17 billion, or 47 cent per share, for the second profit, which is an 11% decrease against the same period last year. The shares of the company fell 8.5% to $17.88 after it posted the results. Microsoft announced that it will not make any forecasts for the rest of the fiscal year.

layoff | Microsoft | software

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