The State of Maryland has announced its budget for the fiscal year 2010. In additional to the 1000 currently vacant positions that have been eliminated (layoffs without any pain other than for jobseekers), Maryland will reduce its overall workforce by 700 employees. This is a small figure but especially hard for the government employees who [...]
After a grim project for year and quarterly sales, Macy’s has announced it will be cutting 7,000 jobs. That makes up approximately 4% of their overall workforce. Luckily, some of the job cuts will be in currently unfilled positions. That will reduce some of the actual lay offs but many will lose their jobs when [...]
Sears Holdings Company announced it will layoff 300 employees. These layoffs will primarily focus on corporate positions in their Michigan headquarter office.
Caterpillar, which recently announced over 20,000 layoffs, is announcing some more. Caterpillar will lay off an additional 2,100 employees as demand continues to weaken. This round of announcements increases the total body count by 10%.
Caterpillar is the world’s leading maker of construction and mining equipment. With new housing and building demand falling rapidly, Caterpillar will [...]
After reporting rapidly falling revenues for the fourth quarter of 2008, Boeing has announced that it will lay off 10,000 employees. That is 5500 more employees than Boeing announced it would lay off last week. That is around 6% of the whole company.
Starbucks has announced new plans to close up to 300 stores and cut 6,700 jobs in the upcoming year. Starbucks has stated that they will attempt to offer employees transfers to nearby stores that need help. However, the legendary cafe brand will not be opening as many stores as anticipated next year.