Redundancies

Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. A couple of economic reports showed the state of the consumer Consumer Sentiment and Personal Income and Outlays , both of which showed some improvement. Mike: There are a great deal of daily layoffs, so if I have missed any […]

Continue reading about March 27 – IBM jobs cut fallout continues – GM hiring, but wages cut in half – Johnson Controls to cut jobs, close 10 plants – Disney To Eliminate 800 Jobs – Wal-Mart axes 650 in Columbus, OH – Tyson chops 580 OK jobs – Amazon shuts centers, 210 affected – Merck readies job axe

Mike: Jobless Claims will be the news of the day. * The Labor Department said Thursday that first-time claims for unemployment insurance rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000. That is slightly above analysts’ expectations. The total number of people claiming benefits are up 122,000 to 5.56 million, […]

Continue reading about March 26 – Jobless claims rise to 652,000 – Continuing claims at record 5.56 million – IBM to cut 5000 jobs in US, moving 4000 to India – GM: 6000 UAW accept buyouts – Agilent to chop 2,700 – Heidelberger trims 2,500 more jobs – University of Alabama to dismiss 1,000 – Hundreds lose jobs at Disney World – Plantronics to cut 670

Mike: Good day to all. Today proved to be a milder day for layoff announcements. The report of Schlumberger’s 6000 layoffs was the big news of the day, but we’ll wait for confirmation from additional sources to get the exact number. Unemployment is still going to bean issue moving toward any kind of recovery, but […]

Continue reading about March 24 – Report: Schlumberger cutting another 6,000 jobs – Leoni cuts 4,000 jobs – Hospira to eliminate 1,450 – Lionbridge erases 325