Jobless claims (basically the official measure of how many people are unemployed in the United States’ economy) has hit the highest level in over 25 years. Luckily, the overall number of people employed/size of the economy has increased over the past two decades so it may not be as bad proportionately. According to the [...]
I came across a great article today on the topic of finding a new job. Apparently everyone is looking for a new job right now and there are few jobs out there. There are a couple good websites I would recommend for finding a new job such as monster.com and indeed.com.
The whole crux of the [...]
Have you been laid off? Well you are not alone! Thousand of people have been laid off worldwide as almost every economy readjusts and restructures to the profound 2008 economic crisis. Now that policymakers have accessed the situation and everyone is working to rebound, you have to look toward the future. Perhaps you will find [...]
Here is a list of the remaining February layoffs for California:
2/18. Isola USA Corporation Layoffs (Technology): 48 Employees
2/19. The Boeing Company Layoffs (Aerospace): 3 Employees
2/20. Global Pharmaceutical Supply Group (GPSG) Layoffs (Pharmaceuticals): 25 Employees
2/20. Marriott Ownership Resorts Layoffs (Hotel): 110 Employees
2/20. United Industries Layoffs (General): 4 Employees
2/20. Western Digital Technologies Layoffs (Hardware): 5 Employees
2/21. Deutsch [...]
It looks like Yahoo! apparently laid off almost 500 employees last week (2/13/2009) according to California’s WARN database. California requires employers to post notice 60 days in advance of any mass terminations (source).
Toyota recently opened a manufacturing factory in San Antonio, Texas which employs over 1,900 workers. The factory, less than two years old, will not shut down and layoffs which be avoided for now by instituting a reduced work week.
Toyota has 18,000 workers in the United States alone and is trying to avoid layoffs by offering [...]
Goodyear, a large tire manufacturer, has announced 5000 layoffs for the 2009 year. Last year, Goodyear announced 4000 layoffs which will mean an overall 9,000 employees will lose their jobs. In addition to the layoffs, Goodyear will be insituting salary freezes and a reduced work week for some employees.
The struggling automobile industry is clearly the [...]
There are a growing number of scholarships intended for laid off employees and the unemployed to return to college and vocational schools. The logic is that while you are busy learning, you aren’t worried about rejoining the workforce. For every person removed to attend college, it takes off short-term pressure on the supply side of [...]
Estee Lauder is a major player in the fragrance and cologne industry. Some of their notable brands include Michael Kors Beauty, Tommy Hilfinger Toiletries, and Sean John Fragrances among many others. They are now under a hiring freeze and will lay off 2,000 as they restructure for the present state of the economy.
AOL Time Warner is doing the rounds of layoffs in many of their divisions. They will be laying off 700 people at AOL, 800 people at Warner Brothers, and around 600 people in Time Warner’s publishing division. There will be no merit pay increases throughout this year and possibly into the future.
Electronic Arts is best known in the video gaming world where nearly everyone has one of their franchises. Electronic Arts owns the Madden franchise, the Rock Band franchise, the Sims franchise, the FIFA franchise, Spore, and probably every major franchise.
It was thought that the video game industry would keep pace despite the recession but EA’s [...]
As I try to cover all of the news surrounding the economic situation, I’ve ignored news about the stimulus. But after the President did his national address last night, I felt I needed to write something.
I personally am in support of a stimulus for our nation but I think it is being rushed through Congress [...]
With a huge downturn in sponsorships and attendance, NASCAR has been having a few difficult years. Since November, more than one thousand team members have been laid off in the sport as revenue across the board plummets. Attendance is down 20% from the 2006 racing season.
I came across another interesting post on One Man and His Blog about the Newspaper industry and the outcome for laidoff journalists. Apparently, journalism jobs are few and far between. According to the post, only 6% have since found other newspaper work.
This was only a survey so maybe it is more pessimistic than it should [...]
The Labor Department reported that the number of laid-off workers seeking jobless benefits rose last week to a seasonally adjusted 626,000 (43,000 more claims than expected by the analysts). That puts the number of jobless claims in an elite list: the highest since October 1982, the last recession that has been this dreary.
Positive note: the [...]