Job Cuts
Information on job cuts, layoffs and downsizing of work force in companies. The articles included herein relate to job losses and news on unemployment.
What to Do if You are Laid Off
Many companies go for downsizing to cut down their expenditure and improve efficiency. This practice is surely beneficial for the employer, but can be very stressful for a dismissed employee. Dealing with a layoff in an appropriate manner is essential and this article is written to give insights on what to do once you are handed a pink slip.
Corporate Downsizing
Corporate downsizing is an act wherein companies or corporates go in for a workforce reduction. Read on to know more about corporate downsizing.
Reasons for Downsizing
Corporate downsizing has been the biggest fallout of the troubled times, the world is witnessing. As we continue our efforts to fight the global downturn, downsizing has become a stark reality.
Criteria for Employee Layoffs
During the process of cost cutting, it becomes necessary for the employer to determine the criteria for layoffs in order to avoid legal hassles and substantial loss to the company. To know about the criteria for employee layoffs, read on...
AT&T Announces Cuts of Over 12,000 Jobs
The most recent blow to the global economy is coming from AT&T, which announced that it will be cutting over 12,000 jobs around the world over the next year.
Citigroup Cutting 53,000 Jobs Worldwide
In the latest indication of global economic distress, Citigroup has announced that it will be cutting 53,000 jobs in the coming months, or 15% of its workforce.
Circuit City Lays Off Thousands; Replaces Them With Cheaper Labor
Circuit City's new plan to get rid of thousands of their current employees so they can replace them with people they don't have to pay as much is a risky gamble that might cost the store more than they save.
Pharmaceutical Giant Pfizer Announces Job Cuts, Plant Closures
Pfizer said yesterday that the company is being forced to close several manufacturing and research operations and lay off thousands of workers due to increasing competition from rival drug manufacturers, development problems, and rapidly declining sales figures.
RadioShack Fires Employees Via E-Mail
RadioShack Corp. gave about 400 workers the pink slip without any warning-other than their "you've got mail" notification.
Ford Motor Company Announces Plant Closings and Drastic Job Cuts
On Monday Ford Motor Co. announced details of a long-term restructuring plan that will result in plant closings, product changes, and employee layoffs.
Pharmaceutical Giant Merck to Cut Thousands of Jobs
Merck & Co., troubled by legal battles and financial woes, announced Monday that it will cut approximately 11% of its workforce and close several plants as part of a reorganization intended to prevent bankruptcy.
Many companies go for downsizing to cut down their expenditure and improve efficiency. This practice is surely beneficial for the employer, but can be very stressful for a dismissed employee. Dealing with a layoff in an appropriate manner is essential and this article is written to give insights on what to do once you are handed a pink slip.
Corporate Downsizing
Corporate downsizing is an act wherein companies or corporates go in for a workforce reduction. Read on to know more about corporate downsizing.
Reasons for Downsizing
Corporate downsizing has been the biggest fallout of the troubled times, the world is witnessing. As we continue our efforts to fight the global downturn, downsizing has become a stark reality.
Criteria for Employee Layoffs
During the process of cost cutting, it becomes necessary for the employer to determine the criteria for layoffs in order to avoid legal hassles and substantial loss to the company. To know about the criteria for employee layoffs, read on...
AT&T Announces Cuts of Over 12,000 Jobs
The most recent blow to the global economy is coming from AT&T, which announced that it will be cutting over 12,000 jobs around the world over the next year.
Citigroup Cutting 53,000 Jobs Worldwide
In the latest indication of global economic distress, Citigroup has announced that it will be cutting 53,000 jobs in the coming months, or 15% of its workforce.
Circuit City Lays Off Thousands; Replaces Them With Cheaper Labor
Circuit City's new plan to get rid of thousands of their current employees so they can replace them with people they don't have to pay as much is a risky gamble that might cost the store more than they save.
Pharmaceutical Giant Pfizer Announces Job Cuts, Plant Closures
Pfizer said yesterday that the company is being forced to close several manufacturing and research operations and lay off thousands of workers due to increasing competition from rival drug manufacturers, development problems, and rapidly declining sales figures.
RadioShack Fires Employees Via E-Mail
RadioShack Corp. gave about 400 workers the pink slip without any warning-other than their "you've got mail" notification.
Ford Motor Company Announces Plant Closings and Drastic Job Cuts
On Monday Ford Motor Co. announced details of a long-term restructuring plan that will result in plant closings, product changes, and employee layoffs.
Pharmaceutical Giant Merck to Cut Thousands of Jobs
Merck & Co., troubled by legal battles and financial woes, announced Monday that it will cut approximately 11% of its workforce and close several plants as part of a reorganization intended to prevent bankruptcy.