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Job Cuts

Related Topics: U.S. Financial Crisis  

SummaryAn incomplete list of who are laying off (all dates are the announcing date, unless otherwise noted)
  • JP Morgan: could be thousands
  • Big 3 Auto: if bankrupt, 3 million people might lose job
  • Citigroup: Nov 17, to cut 53,000 more jobs. YTD layoffs are 23,000. Citigroup has about 300,000 employees.
  • Sun Microsystems: 6000, 18% of staff, Nov 14
  • Fidelity Investments: 1700 jobs in second round of layoffs, Nov 14
  • Bank of Scottland (RBS): 3000, Nov 14
  • ANZ Bank: 1000, Nov 13
  • British Telecom (BT): Nov 13, to cut 10,000 jobs (6%)
  • Las Vegas Sands Corp: stopping projects and laying off thousands of workers in Singapore, Macau, and other places
  • Applied Materials (AMD): Nov 12, to lay off 1800 workers (12%)
  • Yum Brands (owner of KFC, Pizza Hut, and Taco Bell): hundreds of jobs, Nov 12
  • Morgan Stanley: to lay off 2000 more jobs (4%), after 4,400 in June
  • Yellow Pages: 1,300
  • Virgin Media (Britain): 2,200 (15%)
  • Nokia Siemens (NSN): 1820 jobs, Nov 11
  • Nortel(Canada): 1,300, Nov 10
  • Deutsche Post (DHL), Nov 10th, 9,500 jobs in US
  • Air India: 15,000 jobs (50%), Nov 10
  • Goldman Sachs: laid off 3,200 (10%) on Nov 6
  • Dana Holding: 2000 jobs


Job Cuts

  • ABC News - 2009-01-02 19:58:20
    0~0

    Manufacturing index drops to lowest level since '80 as orders fall, layoffs rise

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  • USA Today - 2009-01-02 11:29:29
    0~0
  • BBC - 2009-01-01 20:18:33
    0~0

    Chinese graduates will struggle to find jobs this year

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  • CBS News - 2008-12-31 11:11:58
    0~0

    Struggling businesses are requiring employees to take unpaid "furloughs" - temporary layoffs that amount to one-time pay cuts for workers. This year,

    View Similar News(5)
  • CBS News - 2008-12-31 11:10:34
    0~0

    Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and ot

    View Similar News(4)
Chargers Top Colts In O.T.; Cardinals Win
CBS News - 2009-01-04 10:39:48
0~0
Peyton Manning has his MVP award and nothing more, outdone again in January by the San Diego Chargers, who beat the Colts 23-17. In another NFL wild c

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Letters: A Payoff Out of Poverty?
New York Times - 2009-01-04 07:04:47
0~1
I was fascinated by Tina Rosenberg’s article (“A Payoff Out of Poverty?” Dec. 21) about Mexico’s Oportunidades program. Seeking to ameliorate rural po

What investors don't want in 2009
The Times of India - 2009-01-04 06:52:11
0~2
Ambanis' fight, Mumbai terror strikes, sky-rocketing inflation, massive lay offs, ballooning interest rates, acute credit crunch, investors do not wan

Economix: Another Stimulus Idea — End Protectionism?
New York Times - 2009-01-04 05:50:24
0~3
An economist argues that removing tariffs would save American jobs.

Brown unveils plan to create 1L jobs
The Times of India - 2009-01-04 01:07:43
0~4
British PM Gordon Brown has unveiled plans for a 1930s American-style programme of public works to check recession affects by creating up to 100,000 j

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France braced for 'rebirth of violent left' and related terrorism
The Guardian - 2009-01-03 20:26:16
0~5
The French government fears a wave of extreme left-wing terrorism this year with the possible sabotage of key infrastructure, kidnappings of major bus

Get real: your debts won't vanish by magic, so start tackling them now
The Guardian - 2009-01-03 20:13:22
0~6
There is no getting away from the fact that millions of us are going to feel stressed out by our finances over the next year as the recession takes ho

Paul Harris: Frugality is cool in the cash-strapped US
The Guardian - 2009-01-03 20:12:55
0~7
When writer Héctor Tobar returned to America last year after seven years living in Latin America, he came back to a profoundly changed land. He

Public wants taxes that hurt the rich
The Guardian - 2009-01-03 20:12:52
0~8
Two-thirds of Britons want the rich to face punitive tax rates not seen since the 1980s, according to a new poll which suggests that the recession has

Tristram Hunt: This New Deal is a far greater gamble than you might think
The Guardian - 2009-01-03 20:12:44
0~9
Top of the political class's reading list on both sides of the Atlantic at Christmas was Cambridge historian Anthony Badger's slim, brilliant volume,



TV preview: Million Dollar Traders
The Guardian - 2009-01-03 20:12:34
0~10
With thousands of post-meltdown City traders getting the heave-ho in recent months, the time isn't obviously ripe to launch a TV show that sets out to

Debt and dole: the harsh new world awaiting Generation Zzz in 2009
The Guardian - 2009-01-03 20:12:01
0~11
For anyone in their 20s or early 30s, the R-word - "recession" - until recently probably conjured up old images of Margaret Thatcher, rusting factory

New year, new look for UK high street
The Guardian - 2009-01-03 20:11:54
0~12
After the orgy of spending and overeating that is Christmas, for many the new year is about losing weight. But this year, recession has put the high s

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FOXBusiness: Jobs Report May Kill New Year's Buzz
Fox News - 2009-01-03 13:13:10
0~13

The Fifth Down: A.F.C. Wild-Card Preview
New York Times - 2009-01-03 11:11:25
0~14
Fifth-seeded Indianapolis (12-4) opens the A.F.C. playoffs at fourth-seeded San Diego (8-8).

FOXBusiness: Week Ahead: Jobs, Car Sales, Retail Sales
Fox News - 2009-01-03 07:12:50
0~15

Paramedics arrested after allegedly 'neglecting' dying man
The Guardian - 2009-01-02 20:56:04
0~16
A dying man who was allegedly neglected by ambulance workers after they noted his squalid living conditions was unable to clean his house because he h

The perfect credit crunch menu: pubs offer meals for £1
The Guardian - 2009-01-02 20:31:47
0~17
"The original £1 food-menu pub," says a sign outside the Four Crosses Inn near Cannock, Staffordshire. The claim may be a contentious one, as mo

Manufacturers feel squeeze in Britain, US and eurozone
The Guardian - 2009-01-02 20:31:05
0~18
The new year started badly for firms in Britain and around the world as a clutch of surveys showed manufacturing sectors in many countries ended 2008

Manufacturing Drops to 28-Year Low
ABC News - 2009-01-02 19:58:20
0~19

Manufacturing index drops to lowest level since '80 as orders fall, layoffs rise

View Similar News(7)


Apple Could Suffer PC's Revenge
TheStreet.com - 2009-01-02 17:11:53
0~20
Apple's success has hinged as much on the downfall of the PC as it has on heralded CEO Steve Jobs. What if PCs catch their stride?

For Stimulus, Is Obama Mulling Creating a New Conservation Corps?
US News and World Report - 2009-01-02 16:21:15
0~21
Several groups are pushing Obama to create new jobs by rebuilding America's national parks.

What Will 'Green Jobs' Look Like?
US News and World Report - 2009-01-02 16:20:25
0~22
Obama's stimulus plan looks like the New Deal 2.0.

Tales of survival: Playoff QBs faced long odds for '08 success
USA Today - 2009-01-02 11:29:29
0~23
Video: Football Weekly's predictions for 2009
The Guardian - 2009-01-02 08:26:15
0~24
James Richardson, Sean Ingle, Raphael Honigstein and Rob Smyth offer their predictions for the new year

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Views on the news 2: January 2009
The Guardian - 2009-01-02 08:22:21
0~25
The start of a New Year brought little to celebrate on the business front. On Monday, before most people had even planned where they would be toasting

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Asda kicks off new year price war
The Guardian - 2009-01-02 04:51:49
0~26
Kicking off a new year price war, supermarket chain Asda has dropped its prices on 1,000 products, including a range of staple goods for just £1.The d

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The City Boss Becomes the Country Boss
New York Times - 2009-01-02 04:22:49
0~27
Political bosses like New Jersey’s Joseph Ferriero have begun to flourish in suburbia where jobs are the coin of the realm.

Out of work
BBC - 2009-01-01 20:18:33
0~28

Chinese graduates will struggle to find jobs this year

View Similar News(3)
Poll shows little support for joining euro despite pound's fall
The Guardian - 2009-01-01 20:01:21
0~29
The sharp fall in the pound against the euro over the past six months has not led to an upsurge in British support for joining the euro, a poll has fo



New year predictions point to deepest UK recession for 30 years
The Guardian - 2009-01-01 18:10:40
0~30
Unemployment will soar above 3 million as Britain's manufacturers, retailers and service industries feel the full effects of the downturn, according t

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Cost of MG Rover inquiry tops £14m
The Guardian - 2009-01-01 18:10:37
0~31
The cost of the official inquiry into the events surrounding the collapse of MG Rover in 2005 has topped £14m, according to the Department for Busines

Kevin Gallagher and Timothy Wise: Nafta has been bad for the US and Mexico and should be renegotiate
The Guardian - 2009-01-01 09:06:33
0~32
In Mexico, the fifteenth birthday is a special time, an ornate coming of age celebration – the quinceañera – complete with dancing and piñatas. On Jan

Dutch chemical firm to add jobs in Delaware
Boston Global - 2009-01-01 02:39:47
0~33
Dutch chemical firm LyondellBasell is planning to add 42 jobs at its suburban Wilmington office, the company announced Wednesday.

World bids adieu to a rocky 2008; worries over '09
Boston Global - 2009-01-01 02:39:43
0~34
Revelers around the world greeted 2009 with fireworks, bell ringing and a tinge of optimism Thursday -- amid hopes they'd seen the last of 2008's disa

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Americans' confidence dives
Boston Global - 2009-01-01 02:28:28
0~35
WASHINGTON - Consumer confidence sank to the lowest level in at least 41 years this month as Americans grew more concerned about keeping their jobs an

Apple Could Suffer PC's Revenge
TheStreet.com - 2008-12-31 20:58:04
0~36
Apple's success has hinged as much on the downfall of the PC as it has on heralded CEO Steve Jobs. What if PCs catch their stride?

As hard times bite, Cubans show little appetite for celebration
The Guardian - 2008-12-31 19:52:19
0~37
Carmen Gonce remembers the triumph of Cuba's revolution as the happiest day of her life. Fidel Castro and his guerrillas swept down from the Sierra Ma

China favors jobs at home over freer trade
Christian Science Monitor - 2008-12-31 19:47:11
0~38
Beijing restores tax breaks and other perks for Chinese exporters. It's worried that declining exports mean more social unrest.

Brown's new year message hails end of 'free market dogma'
The Guardian - 2008-12-31 19:13:18
0~39
Gordon Brown today braces Britain for potentially its worst recession since the second world war by promising to work with Barack Obama to create a ne

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New year nightmare brings spectre of 1930s-style depression to eurozone
The Guardian - 2008-12-31 19:11:34
0~40
Europeans, the young above all, greeted the deepest economic recession for half a century and an apparently bottomless financial crisis with riots fro

Nils Pratley: From plumbers' stores to Lidl car parks: where green shoots sprout
The Guardian - 2008-12-31 19:11:18
0~41
The FTSE 100 fell 31% in 2008. But look at this: the index has risen 17% since its low point on 21 November. Has recovery started? If so, can it be su

It's Just Another Steve Jobs Rumor, But ...
TheStreet.com - 2008-12-31 16:09:15
0~42
Apple investors react to another blog report about Steve Jobs' health, and can you really blame them?

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Allegheny Technologies Division Lays Off 200
TheStreet.com - 2008-12-31 14:20:30
0~43
A stainless steel plant outside of Pittsburgh is the focus of the layoffs.

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Sasha Abramsky: Barack Obama's rise and the US economy's collapse made 2008 historic
The Guardian - 2008-12-31 13:31:00
0~44
Some years are instant classics. Like the McEnroe-Borg 1980 Wimbledon tennis final, you know that years from now, whenever there's the political equiv

Jobless claims down sharply
CNN.com - 2008-12-31 13:12:58
0~45
The number of Americans filing for first-time unemployment benefits fell sharply last week, according to a government report released Thursday, as a y

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Companies Handing Out Unpaid Vacation
CBS News - 2008-12-31 11:11:58
0~46

Struggling businesses are requiring employees to take unpaid "furloughs" - temporary layoffs that amount to one-time pay cuts for workers. This year,

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For Economy, Holidays Fall Short On Hope
CBS News - 2008-12-31 11:10:34
0~47

Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and ot

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In 2008 we all started living in interesting times
The Guardian - 2008-12-31 07:31:11
0~48
What does 2009 hold for us all? More than usual it's wise to admit we don't know, but that, collectively speaking at least, it will probably be nasty.

Broncos fire coach Mike Shanahan after collapse
Associated Press - 2008-12-31 00:10:58
0~49
DENVER (AP) -- He was known as a genius, a mastermind and, yes, a Super Bowl champion. Shockingly, though, Mike Shanahan has a new title: Unemployed c

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