The Daily Job Cuts

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #40 on: March 22, 2016, 05:15:46 PM »
From reply #39

Quote
  CEO Bernard Duroc-Danner said he sees the North American market
bottoming in the second quarter of the year.   

Some pundits are saying the same thing and some are saying
to sell now and get out of the market before you lose more money.

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #41 on: March 29, 2016, 01:15:25 AM »
Update: Goldman Sachs NY - 109 jobs
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Offline larsonstdoc

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Re: The Daily Job Cuts
« Reply #42 on: March 29, 2016, 01:46:10 AM »
Update: Goldman Sachs NY - 109 jobs

  Goldman Sachs---enemy of the entire world.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline larsonstdoc

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Re: The Daily Job Cuts
« Reply #43 on: March 30, 2016, 08:40:26 PM »
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline windyacres

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Re: The Daily Job Cuts
« Reply #44 on: March 31, 2016, 01:53:52 AM »
Last saturday (3-26-16) I observed so many bad
economic anecdotals when we went shopping it's
very obvious people are feeling the squeeze of unemployment
and the bad economy.    Stores too. 

  Rat hole money people,
you can't have too much of it if you lose your job.   
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #45 on: April 01, 2016, 03:01:54 AM »
  End of an era: KGO Radio lays off news staff

By Joe Fitzgerald Rodriguez
March 31, 2016

Grumpy’s Pub was packed with enough journalists to staff its own newsroom Thursday.

Beer pints in hand, shoulders squared and somber, staffers from the nearby KGO Radio lamented lost jobs, and the lessening of a former radio news heavyweight.

At least 20 full-time staffers, and perhaps more, were laid off Thursday morning from KGO Radio and KFOG 104.5, a local rock station, by parent company Cumulus Radio.

The layoffs are a blow to the local news scene, as KGO is one of few remaining for-profit news radio stations in San Francisco.

“It’s just a really sad end,” said one former staffer, while sitting in Grumpy’s. None of the former employees wanted to be identified because it could impact their severance packages.

One anchor described reading the news on air that morning amid the layoffs, which were first reported by Rich Lieberman, a media blogger.

“We were trying to be happy and chipper,” this anchor said. All the while, sitting behind the microphone, they watched staffers leave one by one. “These pillars were falling around us.”

Though the departure of KGO legend Ronn Owens to famously conservative KSFO grabbed much of the media attention Thursday, many more were lost in the layoffs.

News anchor Jennifer Jones, sports anchor Rich Walcoff, business and tech reporter Jason Middleton, traffic reporter Mark Nieto, reporter Kristin Hanes, production director Mike Amatori, talk show host Chip Franklin, and KGO veteran anchor Jon Bristow were among the many KGO laid off Thursday.

In the end, the station shedded its entire full-time news team – what is rumored by employees to be a shift on the station to a “talk” format, pulling away from straight news.

The exact number of staff laid off was tough to pin down. When phoning into KGO, the San Francisco Examiner was told, “Yes we know,” why you’re calling, followed by, “no comment.”

Staff themselves learned of new layoffs throughout the day. One KGO staffer who is still employed and spoke on background for fear for their job estimated as many as 20 were laid off that morning.

Lieberman also obtained a mass email sent to staff from Justin Wittmayer, vice president and market manager of KFOG, KGO, KNBR, KSAN, KSFO and KTCT.

“Today we have set in motion new programming strategies for both KGO and KFOG that will help us better meet the needs and demands of our listeners, advertisers and community,” Wittmayer wrote to staff.

He continued: “Unfortunately, to achieve that goal, we had the difficult but necessary task today of restructuring our KGO and KFOG station staff.”

The email was also obtained by media reporter Matthew Keys, and embedded, above.

While drinking an Old Hen at Grumpy’s, one former KGO staffer reflected back on their time at the station – covering the news of the day, from police to government and everything in between.

“There’s a kinship and a closeness that comes from going to war every day,” the former staffer said.

When they reported news for the first time, “chills went up my spine and exploded in my head.”

“This,” they said, “is what I wanted to do.”


http://www.sfexaminer.com/end-era-kgo-radio-lays-off-news-staff/


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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #46 on: April 02, 2016, 12:16:06 PM »
HEADLINES MARCH 2016

UNEMPLOYMENT

ASIA

- Taiwan Jobless Rate Rises In February

- Japan Unemployment Rate Rises In February

- South Korea Jobless Rate Climbs More Than Expected To 6-Year High

U.S.

- U.S. Employment Rises More Than Expected In March

- U.S. Weekly Jobless Claims Edge Up To 265,000

- U.S. Weekly Jobless Claims Rebound From Five-Month Low

- U.S. Weekly Jobless Claims Unexpectedly Rise To 278,000

- Brazil Jobless Rate Climbs Sharply In February

EURO ZONE

- Finland Jobless Rate Rises In February

- Norway Jobless Rate Rises In January

- Sweden Jobless Rate Rises Unexpectedly In February

- France Unemployment Reaches New Record High

- Spain Unemployment Climbs In February

- Greece Q4 Jobless Rate Climbs

- Turkey Jobless Rate At 10-month High



HEADLINES MARCH 2016 REUTERS

- Boeing plans to cut up to 8,000 airplane jobs: sources

- Boeing says it will cut more than 4,500 jobs

- Lockheed Martin's aeronautics business plans 'voluntary layoff' program

- Thousands of jobs at risk as India's Tata Steel seeks British exit

- Avon to cut jobs, shift headquarters to UK

- VW to cut 3,000 office jobs in Germany by end 2017: sources

- Siemens to cut oil and gas jobs amid wider hiring

- Qatar's Al Jazeera network laying off 500 employees

- Credit Suisse to axe 2,000 more investment banking jobs

- UBS to cut around 300 investment banking jobs: sources

- RBS to cut 448 UK jobs in investment bank

- Credit Suisse to cut 163 jobs in New York

- Societe Generale says to cut 550 jobs over five years

- BlackRock planning to cut 400 jobs: source

- Goldman Sachs cutting up to 10% of fixed income trading staff: source

- In Houston, oil workers may face the ax but employment still grows

- U.S. jobless claims rise

- U.S. retailer Sports Authority files for bankruptcy, seeks buyers


Can you say recession.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline windyacres

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Re: The Daily Job Cuts
« Reply #47 on: April 05, 2016, 04:16:30 AM »
I just made a financial goal last friday and I'm
$200 away from a second financial goal as I type.

Two each dedicated "emergency funds"  to float us
"just incase" because  of the economy.   Now and then
I suggest everyone "rat hole some money away" incase
they're laid off, well it's not fun thinking along those lines
for anyone, but like I've been saying, you can't have too much
money if you are laid off.    From reply #46

Quote
Can you say recession.   

Yep, and I'm CYA-ing my checkbook...
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #48 on: April 07, 2016, 03:01:41 AM »
April 6 , 2016

The University of Phoenix - 470

Update: US Steel - 25% of Salaried Workforce

Fiat Chrysler - 1,300

Nokia - up to 15,000 Layoffs Possible after Merger

AirBrake in Watertown NY - 19

MassMutual - 100

Update: Parker Drilling - 55
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #49 on: April 09, 2016, 04:12:38 AM »

April 9 , 2016

American Apparel - 150+


 April 8 , 2016

InMobi ( International ) - 10% of Workforce

Update: Chevron - 655 in Houston
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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #50 on: April 09, 2016, 05:04:06 PM »
HEADLINES APRIL 2016

UNEMPLOYMENT

EURO ZONE

- Greece Jobless Rate Rises In January

HEADLINES APRIL 2016 BLOOMBERG

- Doomsday Finally Comes to Wyoming's High-Flying Coal Country - Miners behind the region's durable coal boom face deep layoffs

- The Long, Agonizing Fall of PacSun - A slo-mo wipeout ends in bankruptcy court for the 36-year-old surf retailer

- Eastern Mountain Sports Said to Be Headed for Bankruptcy Court

- Victoria's Secret Cuts Jobs as Lingerie Giant Shifts Away From Iconic Catalog

- Nokia Said to Cut as Much as 14% of Workforce After Alcatel Deal


HEADLINES APRIL 2016 REUTERS

- Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

- Nokia plans to slash 1,300 jobs in Finland

- Nokia to cut thousands of jobs following Alcatel deal

- HSBC, RBS and Barclays plan to close 400 UK branches this year: sources

- Societe Generale to cut 128 jobs in its GBIS division: union
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline windyacres

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Re: The Daily Job Cuts
« Reply #51 on: April 14, 2016, 05:25:40 AM »
With collapse of coal industry, central Appalachian towns struggle to survive   


By Cristina Corbin
d April 08, 2016
FoxNews.com



On any given Friday morning, Tom Watko arrives at the food pantry in Whitesburg, Kentucky, to pack boxes of canned vegetables and frozen chicken legs for the residents already waiting in line outside the door.

The Letcher County Food Pantry, a non-profit that was established with money from a legal settlement after a mining disaster 40 years ago, is one of the few places in the central Appalachian county attracting customers.

Whitesburg has become the poster child for the war on coal.

"Coal was our golden egg and it just no longer exists and people are struggling to make ends meet," said James Craft, Whitesburg's mayor for the past 10 years.

"The impact has been absolutely devastating, with no discernible method of income for most of the people," Craft told FoxNews.com. "We desperately need some infusion from the federal government."

Of the 24,000 people who live in Letcher County, only 100 still work in coal-related jobs, according to county officials. Nearly 30 years ago, there were more than 1,700.

Coal jobs in Kentucky and West Virginia have been on the decline for decades -- long before President Obama took office. According to data from the Mine Safety and Health Administration, the two states together have lost 38,000 coal jobs since 1983.

But job losses in recent years have been especially staggering, the result of tighter regulatory policies and cheaper power plant fuels, like natural gas.

In Letcher County, the unemployment rate stands at 13.4 percent -- the fifth-highest county in the state. The highest unemployment rate is in Magoffin County, at 21.6 percent, followed by Leslie County, with 13.7 percent.

The unemployment rate statewide is 5.8 percent, making Kentucky tied for the sixth highest jobless rate in the country. One year ago, Kentucky's unemployment rate was 5.3 percent, and has risen over the past six months. It is currently one of 16 states with a jobless rate above the national average.


While unemployment in some Kentucky counties is staggering, local law enforcement officials say the crime rate hasn't significantly increased, in part, because many of the jobless are leaving.

"Our population is dropping and people are going to other places to get jobs," Letcher County Sheriff Danny Webb told FoxNews.com.

Mayor Craft said Whitesburg -- a small city with a population of about 2,140 -- is trying to redefine itself with tourism.

"We’re making us a destination," Craft said, noting the Appalshop, a multi-disciplinary arts and education center founded in 1969 that produces original films, theater and music, as well as the opening of the "only moonshine distillery east of Lexington."

Craft also expressed optimism over a 1,200-inmate maximum security prison he said the federal govermnent plans to build in Letcher County -- ironically, on a former mining site. Construction on the $444 million project is expected to begin in two years, and is expected to create 300 full-time jobs -- along with new much-needed revenue streams.

At the Letcher County Food Pantry, meanwhile, a steady stream of people file into the small, white, four-room home every Wednesday, Thursday and Friday to pick up the food basics that many can't afford to buy.

"We try to give them nutritional stuff," said Tom Watko, a 71-year-old retired safety officer who works with 15 other volunteers to provide meals for more than 1,000 people a month.

The food pantry was opened in 1982, with money from a legal settlement after the Scotia mine disaster of 1976 -- one of the worst in the state's history. The pantry operates entirely on private donations, including contributions from corporate giants like Walmart.

"We’ve seen as many as 80 people in one day," Watko said, as he detailed the food box contents for the day: canned vegetables, cereal, spaghetti and marinara sauce and drinks.

"People here were once making very good money -- anywhere from 24 to 25 [dollars] an hour -- down to basically nothing," he said. "These families are really hurting."


http://www.foxnews.com/us/2016/04/08/with-collapse-coal-industry-central-appalachian-towns-struggle-to-survive.html?intcmp=hpbt1
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #52 on: April 15, 2016, 12:53:37 AM »
Peabody, largest coal producer in the world, files for bankruptcy -


8,000 jobs in jeopardy
 

Quote
Founded in 1883 by 24-year-old Francis S. Peabody with $100, a wagon and two mules, the miner is now the largest private-sector coal company in the world, with customers in 25 countries and about 8,000 employees..   

Read more -


http://www.bloomberg.com/news/articles/2016-04-13/peabody-majority-of-its-u-s-entities-file-for-chapter-11




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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #53 on: April 15, 2016, 08:51:27 PM »
Apr 15, 2016 - SunEdison to file for bankruptcy as early as Sunday night: source http://www.reuters.com/article/us-sunedison-inc-debt-idUSKCN0XC1GX

Apr 15, 2016 - Intel plans to cut thousands of jobs: report http://www.reuters.com/article/us-intel-redundancies-idUSKCN0XC2JG

Apr 14, 2016 - United Launch Alliance to lay off up to 875 by end of 2017: CEO http://www.reuters.com/article/us-space-ula-layoffs-idUSKCN0XB2HQ

Apr 14, 2016 - Macquarie lays off 15% of U.S. investment banking group: sources http://www.reuters.com/article/us-macquarie-uslayoffs-idUSKCN0XA2H9

Apr 14, 2016 - RBS planning to ax 600 UK jobs in cost-cutting plan: sources http://www.reuters.com/article/us-rbs-redundancies-idUSKCN0XB0Q2

Apr 13, 2016 - Leading global coal miner Peabody files for bankruptcy http://www.reuters.com/article/us-peabody-energy-bankruptcy-idUSKCN0XA0E7

Apr 13, 2016 - JPMorgan cuts 5% of Asia wealth management jobs: source http://www.reuters.com/article/us-jpmorgan-wealth-asia-idUSKCN0XA0BB

Apr 12, 2016 - American Apparel lays off workers, mulls some outsourcing: LA Times http://www.reuters.com/article/us-american-apparel-employment-idUSKCN0X92T5
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #54 on: April 15, 2016, 09:00:27 PM »
Quote

Apr 15, 2016 - Intel plans to cut thousands of jobs: report http://www.reuters.com/article/us-intel-redundancies-idUSKCN0XC2JG
 

When Silicon Valley starts laying off that's when things are really looking bad.
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #55 on: April 20, 2016, 03:55:44 AM »
Intel to Cut 12,000 Jobs as PC Demand Slumps   


QUENTIN HARDY
APRIL 19, 2016

SAN FRANCISCO — Intel, reeling from a collapse in demand for personal computers, said on Tuesday that it would cut 12,000 jobs, about 11 percent of its work force.

The company, the world’s largest maker of semiconductors, announced the move along with its first-quarter earnings, which were slightly below analysts’ expectations.

Brian Krzanich, Intel’s chief executive, said the job cuts were part of an overall strategy to move Intel from a company that depends on revenue primarily from PC chips to one that supplies semiconductors for smartphones, sensors, cloud computing and other devices.

“The opportunity now is to accelerate this momentum and build on our strengths,” he said in a statement announcing the restructuring. “I am confident that we’ll emerge as a more productive company with broader reach and sharper execution.”
How Intel’s Stock Price Is Faring

Intel said it had net income of $2 billion, or 42 cents a share, and revenue of $13.7 billion. Wall Street analysts had projected that Intel would earn 47 cents a share on revenue of $13.8 billion, according to a survey by Thomson Reuters.

The company also slightly lowered its revenue outlook for the year.

Mr. Krzanich became Intel’s chief almost three years ago, and has struggled to get the company into a leading position across a number of different areas. While some sectors, like making chips for big cloud computing centers, have been successful, others like mobile have continued to struggle.

The sensor market, along with many other areas, remain too small to replace the losses from a worldwide decline in demand for PCs. Last week Gartner reported that worldwide PC shipments in the first quarter were 64.8 million units, down 9.6 percent from a year ago.

“The hope was that PC demand, which has fallen for years, would be flat, and other segments would start filling in,” said Mark Hung, an analyst with Gartner. “This threw a monkey wrench into that.”

Mr. Krzanich has recently moved out several of his top executives, and has been under pressure to lay off workers. Intel also appears to be slowing the rate at which it can make new chips with more transistors, the heartbeat of its business.

“Its competitors don’t seem to be slowing down,” Mr. Hung said. “They may get to the next generation of chips at the same time as Intel. That would be unheard-of.”


http://www.nytimes.com/2016/04/20/technology/intel-earnings-job-cuts.html?_r=0
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #56 on: April 20, 2016, 04:38:03 AM »
Nordstrom is cutting hundreds of jobs, confirming a terrifying
 new trend among wealthy shoppers 



 Business Insider
 April 18, 2016
 Hayley Peterson


Nordstrom said Monday it was slashing 400 jobs at its corporate headquarters.

The move comes two months after the department store chain reported a 3% drop in comparable sales for its fourth quarter, and forecast that profit per share would fall 30% in the first half of this year.

The cuts confirm a terrifying new reality for high-end retailers: Wealthy shoppers are reining in spending and — along with the rest of American consumers — refusing to pay full price for anything.

Nordstrom inventory increased 12% in the most recent quarter — a sign that the chain is having a hard time clearing its shelves, and will likely have to rely on promotions to sell the merchandise.

That can be a risky strategy, particularly for a high-end retailer, because too many promotions can cheapen the brand.

Heavy discounting "will ultimately drag everything down with it, including brand image, potentially quality and essentially the value of all things," retail expert Robin Lewis writes on The Robin Report.

Another snip -

"Our sense is the increased volatility in the US stock markets, especially the extreme conditions in January, which is historically our biggest month of the quarter for furniture sales, contributed to our performance," Friedman wrote after the company reported preliminary fourth-quarter earnings that fell short of analyst expectations.

Read more -

http://www.businessinsider.com/nordstrom-is-cutting-hundreds-of-jobs-2016-4

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #57 on: April 21, 2016, 01:57:48 AM »
Morgan Stanley begins layoffs in credit division 


 Yahoo Finance Via Reuters
 04/19/2016
 Olivia Oran and Richard Leong


Morgan Stanley this week cut staff covering short-term credit and regional broker-dealers, after a quarter in which the bank posted a 42 percent drop in bond trading, several sources told Reuters.

The sources blamed the shakeup at the No. 6 U.S. bank by assets on tougher capital rules, mounting competition from faster and cheaper trading on electronic systems and expectations that the Federal Reserve will raise U.S. interest rates next week for the first time in nearly a decade.

The decision to downsize followed one of Morgan Stanley's slowest quarters for bond trading since the global credit crunch.

The bank has been focused on improving profitability within fixed income and has been scaling back businesses that miss those metrics, the sources said.

Morgan Stanley's short-term credit desk, including its commercial paper business, has seen extensive cutbacks, they said.

Morgan Stanley has also significantly reduced the number of bond sales people who cover smaller, regional broker-dealers, they added, although the bank will continue to cover these types of clients.

A Morgan Stanley spokesman declined to comment on the layoffs.

Traders and fund managers interviewed by Reuters said Morgan Stanley's move is hardly a surprise as tougher capital rules, domestic and abroad, have made it less profitable to trade Treasuries, agency debt, corporate bonds and mortgage-backed securities.

These rules, intended to curb excessive risk-taking, have also raised the cost for Morgan Stanley and other top Wall Street firms to borrow in the short-term, wholesale funding markets including the repurchase agreement (repo) market.

With the Fed widely expected to hike rates next week, the daily cost for trading will likely go up further.

In addition, the proliferation of electronic systems and high-frequency trading firms has eroded Morgan Stanley and other Wall Street dealers' dominance in market-making the bond market.

Read more -

http://finance.yahoo.com/news/morgan-stanley-begins-layoffs-credit-173249440.html
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #58 on: April 21, 2016, 02:01:26 AM »
UC Berkeley Forced to Cut 500 Jobs After $15 Minimum Wage Hike 


 townhall.com
April 18, 2016
 Justin Holcomb


The $15 minimum wage hike in California has sent financially troubled UC Berkeley into decision making mode, and "the people who clean buildings, who work in food services or health clinics,” says Todd Stenhouse, will be the ones without a job.

Stenhouse, a spokesman for the American Federation of StateChancellor, also said “There’s a very clear need for those front-line services. But the question is whether there really is a need to hemorrhage resources on executives.”

Nicholas Dirks sent a memo to employees Monday informing them of the job reductions and said they will amount to “a modest reduction of 6 percent of our staff workforce.”

Berkeley employs about 8,500 staffers, from custodians to administrators. Departments on campus were reportedly also told to reduce their budgets by 10 percent in whatever way they wish.

Some staff members in at least one area, residential student services, were told by managers two weeks ago that they should prepare to be laid off.

This may be the sad but true reality that many working people all across California will face in the coming future due to the recent decision to raise the state-wide minimum wage.


http://beta.townhall.com/tipsheet/justinholcomb/2016/04/18/uc-berkley-forced-to-cut-500-jobs-after-15-minimum-wage-n2149066

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #59 on: April 22, 2016, 01:04:38 AM »
List -   78 Sears, Kmart stores closing


April 21, 2016

The following are Sears and Kmart stores that will be closing, according to a statement Thursday from the department stores' parent company, Sears Holdings (SHLD).

Closing Sears stores start their liquidation sales April 29 and the closing Kmarts start their liquidation sales May 12. The stores will close in late July, except those marked with an asterisk (*), which close in mid-September.

Alabama

Sears / 700 Quintard Dr., Oxford
Kmart / 5980 Chalkville Mountain, Birmingham, AL
Kmart / 1101 Beltline Road, Decatur AL
Kmart / 230 Green Springs Hwy, Homewood
Kmart / 450 Z Schillingers Road, Mobile

Arizona

Kmart / 300 West Mariposa Road, Nogales

Arkansas

Sears / 600 S University Ave., Little Rock

California

Kmart / 2270 East El Monte Way, Dinuba
Kmart / 520 S Cherokee Lane, Lodi
Kmart / 1475 Hillman Street, Tulare
Kmart / 2785 Highway 46, Wasco

Connecticut

Kmart / 44 Providence Pike, Putnam

Florida

Sears / 9501 Arlington Expy., Jacksonville
Kmart / 9600 San Jose Blvd., Jacksonville
Kmart / 500 Atlantic Blvd, Neptune Beach
Kmart / 1809 Byron Butler Parkway, Perry

Illinois

Kmart / 7050 S Pulaski, Chicago
Kmart / 2721 N Vermillion Street, Danville
Kmart / 1150 W Carl Sandburg Dr., Galesburg
Kmart / 17355 Torrence Ave., Lansing
Kmart / 2909 Court St., Pekin
Kmart / 3840 46th Ave, Rock Island

Indiana

Kmart / 3216 E Third Street, Bloomington
Kmart / 3525 Grantline Rd., New Albany

Kansas

Kmart / 1320 E 30th Ave., Hutchinson

Kentucky

Kmart / 1809 N Dixie Hwy., Elizabethtown
Kmart / 4025 Poplar Level Rd., Louisville
Kmart / 3911 Taylorsville Rd., Louisville
Kmart / 1581 US 68 South, Maysville
Kmart / 344 North Mayo Trail, Paintsville

Louisiana

Sears / 5953 W Park Ave., Houma
Kmart / 2985 Cottingham Expwy., Pineville

Massachussetts

Kmart / 10 Main Street, Tewksbury

Michigan

Sears / 6810 Eastman Ave., Midland
Kmart / 8171 W Houghton Lake Dr., Houghton Lake
Super K* / 21111 Van Born Rd., Taylor

Missouri

Kmart / 11978 St Charles Rock Rd., Bridgeton
Kmart / 1930 E Kearney Street, Springfield

Mississippi

Kmart / 118 Highway 72 West, Corinth

Montana

Kmart / 2424 Central Ave., Billings

North Carolina

Kmart / 804 N Broad Street, Brevard
Kmart / 3580 East Franklin, Gastonia
Kmart / 2750 Roberts Avenue, Lumberton
Kmart / 10500 Centrum Parkway, Pineville
Kmart / 720 Sutter Creek Blvd., Rocky Mount

Nebraska

Kmart / 3001 West 12th, Hastings

New York

Sears / 200 Medley Centre Parkway, Irondequoit
Sears / 60 Smithfield Blvd, Plattsburgh
Kmart / 838 South Road, Poughkeepsie
Kmart / 3049 W. Ridge Rd., Rochester

Ohio

Sears / 1377 Marion Waldo Rd., Marion
Super K / 3315 N Ridge E., Ashtabula
Kmart / 1705 North Barron Street, Eaton
Kmart / 1825 North State Route 19, Fremont
Kmart / 2250 Harding Hwy., Lima
Super K* / 5350 Leavitt Road, Lorain
Kmart / 625 West Central Avenue, Springboro

Pennsylvania

Sears / 101 Clearview Cir., Butler
Sears / 2500 W State St., New Castle
Kmart / 2660 Constitution Blvd., Beaver Falls
Kmart / 8800 Frankford Ave., Philadelphia
Kmart /3000 McIntyre Square Dr., Pittsburgh
Kmart / 1775 S Braddock Avenue, Pittsburgh
Kmart / 3045 Fifth Street Hwy., Reading
Kmart / 99 Matthews Drive, Uniontown

South Carolina

Kmart / 2209 West Dekalb, Camden

South Dakota

Kmart / 1000 18th St SW, Huron
Kmart / 2210 Broadway Avenue, Yankton

Tennessee

Kmart / 1802 Decatur Pike, Athens
Kmart / 945 McCammon Ave., Maryville
Kmart / 902 S. Main Street, Sweetwater

Texas

Kmart / 11330 Montwood Dr., El Paso
Kmart / 1405 East Expressway 83, Mission
Kmart / 210 SE Georgia Ave., Sweetwater

Utah

Kmart / 1055 East Draper Pkwy., Draper
Kmart / 610 West Price River Dr., Price
Kmart / 1442 W 90th South, West Jordan

Wisconisn

Kmart / 1275 Bell Avenue, Hartford


http://www.usatoday.com/story/money/business/2016/04/21/list-sears-kmart-stores-closing-across-us/83356912/
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Online Jackson Holly

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Re: The Daily Job Cuts
« Reply #60 on: April 22, 2016, 07:07:56 AM »
... and keeping those foreign Visa workers?

Intel Lays Off 12,000 After Seeking
Visas to Import 14,523 Foreign
Professionals Since 2010

WARNER TODD HUSTON   21 Apr 2016

Technology giant Intel announced April 19 it will fire 12,000 skilled U.S.-based professionals — after already swelling its workforce with 14,523 requests in Washington D.C. since 2010 for visas to import foreign professionals through the controversial H-1B and Green Card programs.

The company said the layoffs were part of a restructuring plan to help shift its focus from desktop PCs to mobile devices. But the company is very profitable, and first-quarter 2016 profits were 14 percent above predictions.

Amid the layoffs, Intel is one of the nation’s largest users of the H-1B outsourcing program which allows companies such as Disney and Abbot Laboratories to replace white-collar American professionals with cheaper professionals from India, China, and other countries.

√ CONTINUE:  http://www.breitbart.com/big-government/2016/04/21/intel-lays-off-12k-looking-import-11600-foreign-workers-since-2010/
St. Augustine: “The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself."

Offline decemberfellow

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Re: The Daily Job Cuts
« Reply #61 on: April 22, 2016, 08:29:30 AM »
78 Sears, Kmart stores to close;
Quote
Trying to cut its way to profitability, troubled Sears Holdings announced Thursday that it will close 68 Kmart and 10 Sears stores this summer in its latest move to cut losses.

Sears' (SHLD) move (see the list of the stores) comes atop a previous announcement that it will close 50 other stores. Sales have been falling and Sears had a disappointing holiday sales season.

"The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability," said Sears Holdings CEO Edward Lampert in a statement.

goes on to say
Quote
Workers being laid off at the closed stores will be able to apply at stores that remain open, the company's statement said.
  YEAH RIGHT

http://www.usatoday.com/story/money/business/2016/04/21/sears-close-78-more-kmart-and-sears-stores/83357662/?ref=yfp
Rev21:4
And God shall wipe away all tears from their eyes; and there shall be no more death, neither sorrow, nor crying, neither shall there be any more pain: for the former things are passed away.


Who am I
 https://www.youtube.com/watch?v=v7Fk6dt_uHo

Offline windyacres

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Re: The Daily Job Cuts
« Reply #62 on: April 22, 2016, 08:08:16 PM »
Quote
... and keeping those foreign Visa workers? 

Of course they'll keep the H1B workers.  They pay them at 2/3rds
salary / hourly then the American employee and the companies get
corportate welfare from the government(s) .  State and Federal and
for "any reason" the employer can say   "you're fired!"  to those H1B
workers, who then by law have like two (2) weeks to pack their bags
and head back home, only to be replaced by another H1B Visa worker.
Companies love this.

decemberfellow, I expected Sears to bit the dust 3 years ago. 
Be Prepared

Offline windyacres

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Re: The Daily Job Cuts
« Reply #63 on: April 22, 2016, 08:09:50 PM »
Schlumberger Cuts Another 2,000 Jobs

Schlumberger laid off another 2,000 employees.

 The company has laid off 36,000 workers, ... since the fall in oil prices began in November 2014 


http://thefly.com/landingPageNews.php?id=2360741&headline=SLB-Schlumberger-laid-off-another--employees-in-Q-WSJ-reports
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #64 on: April 22, 2016, 08:57:06 PM »
Update on Schlumberger job Cuts   

40,000 jobs lost since Schlumberger began cuts.

Schlumberger cuts 8,000 more jobs - Fuel Fix

North America, in particular, is reaching a “critical mass” stage and the company is even evaluating the costs and benefits in some regions “in the event we have to shut everything down,” he said.


http://fuelfix.com/blog/2016/04/22/schlumberger-cuts8000-jobs-in-first-quarter-in-toughest-environment-in-decades/
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #65 on: April 24, 2016, 01:05:45 AM »
Halliburton cuts 6,000 jobs in first quarter   


Quote
My definition of an unsustainable market is one where all service companies are losing money in North America, which is where we are now." 


Read more -

http://www.reuters.com/article/us-halliburton-results-idUSKCN0XJ2P1
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #66 on: April 24, 2016, 02:54:32 AM »
April 22 , 2016

ITG Brands in Greensboro - 375

Cameco ( Canada ) - 500

Wells Fargo in Fort Mills SC - 91

Lockheed Martin Corp - < 200 in IT, Global Solutions

Boeing S.Carolina - Offer 200 Engineers Vol. Layoffs

Update: State of CT - 644 Job Layoff Notices
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #67 on: April 29, 2016, 01:18:17 AM »
Sampling of layoffs from www.dailyjobcuts.com   April 26th - April 28th  2016


H&R Block - 250

Update: Intel in Chandler - 500+

Union Tank Car Co. - 224 at it Louisiana Plant

Update: Intel in Oregon - 800

 Coach - 300

Freeport-McMoRan - 25% of workforce

Update: Unilever in Englewood Cliff NJ - 106

BayState Health - $10M in State Money to avert Layoff

Update: Intel - 269 in Folsom

Be Prepared

Offline windyacres

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Re: The Daily Job Cuts
« Reply #68 on: April 30, 2016, 03:39:17 AM »
Bernie Sanders’ campaign is laying off more than 200 workers,
 campaign manager Jeff Weaver said Wednesday. 



http://hotair.com/archives/2016/04/28/unemployment-rises-among-bernie-sanders-campaign-staffers/

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Offline larsonstdoc

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Re: The Daily Job Cuts
« Reply #69 on: May 02, 2016, 12:07:33 AM »
http://pix11.com/2016/05/01/sports-authority-closing-all-stores-nationwide/


Sports Authority closing all stores nationwide



NEW YORK — Sports Authority will be closing all 450 stores after filing bankruptcy in March, according to Forbes.com.

The sporting goods brand filed for Chapter 11 bankruptcy and initially said it would be closing 143 stores  in 27 states. However, the company is in more than $1.1. billion in debt and said it wouldn’t be able to reorganize, Forbes.com reported.

Sports Authority has not publicly announced a closing date.

The company has 14,500 full- and part-time employees at its 450 stores and its offices, according to the bankruptcy filing. Nearly two-thirds of those workers are part-time.

I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline windyacres

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Re: The Daily Job Cuts
« Reply #70 on: May 02, 2016, 04:30:47 AM »
Thanks for that article larsonstdoc  I couldn't get a number of
people losing their jobs and wow, what a staggering number,
14,500 people!  And the people working part time there, no doubt
are cobbling 2-3 part time jobs just to get hours in a week to live on.
Here's an article about Sports Authority, they're also citing the $15
minimum wage as a factor.   I really think everyone should have a
financial survival plan very soon if they aren't already CYA-ing themselves
for  a job loss.  It's not fun to think that way, but I know in our house
I've got that covered as best as I can. 


Why Sports Authority is throwing in the towel and closing all of its stores


 Pasadena Star News
April 27, 2016
 Kevin Smith


When struggling retailer Sports Authority filed for Chapter 11 bankruptcy last month in the face of more than $1 billion in debt, the company indicated that it had two options going forward.

One of those was to shed underperforming stores and emerge from bankruptcy as an intact, but pared-down company. The other was to sell everything and cease operating.

On Tuesday, the company appeared to choose the latter.


“With the minimum wage going up to $15 an hour
and more people turning to online shopping, more stores are going to close,” Lempert said. “It’s fine to say that everyone should have a living wage. But the money has to come from somewhere.”

Read more -

http://www.pasadenastarnews.com/business/20160427/why-sports-authority-is-throwing-in-the-towel-and-closing-all-of-its-stores
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #71 on: May 05, 2016, 04:46:37 AM »
Credit Suisse - 180 Mostly in London

Chevron Corp. - 1,000
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #72 on: May 07, 2016, 03:49:35 AM »
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies
 Jump 35 Percent In April 



Michael Snyder
Economic Collapse
May 6, 2016

Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March?

This is definitely a case where the trend is not our friend.  According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month.  And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015.  Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically last week.  In fact, the jump of 17,000 was the largest increase that we have seen in over a year.  Of course the U.S. economy has been slowing down for quite a while now, and many have been wondering when we would begin to see that slowdown reflected in the employment numbers.  Well, that day has now arrived.

At this point, U.S. firms are laying off people at a rate that we have not seen since the last financial crisis.  Here is what Zero Hedge had to say about these latest numbers…

    While one can debate the veracity of the BLS’ seasonally adjusted data, one thing is certain: when a company announces it will layoff thousands, it will. So for all those who suggest that all is well with the US jobs picture based on initial claims reports, here is the latest report from Challenger according to which the pace of downsizing increased in April jumped by 35% to 65,141 during the month of April, from the 48,207 layoff announcements in March.

    Looking further back, in the first four months of 2016, employers have announced a total of 250,061 planned job cuts, up 24% from the 201,796 job cuts tracked during the same period a year ago. This represents the highest January-April total since 2009, when the opening four months of the year saw 695,100 job cuts in the aftermath of the biggest financial crisis in modern history.

So what is causing this?

Why are firms laying off so many people all of a sudden?

My readers are very well aware of the pain that the energy industry is experiencing at the moment, but surprisingly it was not the energy industry that announced the most job cuts in April…

    Computer firms announced 16,923 job cuts during the month; the highest total among all industries. That total includes 12,000 from chipmaker Intel, which is shifting away from the traditional desktop and laptop market and toward the mobile market. To date, computer firms have announced 33,925 job cuts, up 262 percent from a year ago, when job cuts in the sector totaled just 9,368 through the first four months of the year.

Yes, the U.S. energy industry has lost well over 100,000 good paying jobs since the beginning of last year, but the downturn is so much broader than that.  All over America corporate earnings are down, and when earnings fall it is inevitable that layoffs will follow.

As I have written about previously, earnings for companies listed on the S&P 500 have fallen a total of 18.5 percent from their peak in late 2014, and it was being projected that corporate earnings overall would be down 8.5 percent for the first quarter of 2016 compared to the same period a year ago.

   

And in the chart that I have posted below, you can see that corporate profits after tax have been falling precipitously since peaking in mid-2015…





As this new economic downturn intensifies, the layoffs will accelerate.

In plain English, that means that a whole lot more people will be losing their jobs.

Unfortunately, a very large percentage of Americans didn’t learn anything from the last crisis and are living on the financial edge.  In fact, the Federal Reserve says that 47 percent of all Americans cannot even pay an unexpected $400 emergency room bill without borrowing the money or selling something.

So just like back in 2008, we are going to see huge numbers of people unable to pay their bills when they lose their jobs.  Foreclosures are going to skyrocket, and lots and lots of families are going to be put out into the street.

This is why I have been preaching the importance of having an emergency fund for years.  It is absolutely imperative to have an emergency fund that can cover your bills for at least six months in the event that there is a job loss or some other sort of major disaster strikes.

If you have not done this already, you are probably already too late.

The cold, hard reality of the matter is that it would take most families quite a while to save up a six month emergency fund if they are starting from zero.

So if you are in this position and you lose your job, you may have to move in with family or friends when your money runs out.

I don’t mean to be cold, but this is the situation that we are facing.  The next employment crisis is already here, and it is going to get much, much worse.  No matter who becomes “the next president”, job cuts are going to accelerate and good jobs are going to become exceedingly difficult to find.

I am certainly not advocating that anyone give up.  If you still have a good job for the moment, tighten your belt and use this time to feverishly prepare the very best that you can.

Sadly, tens of millions of Americans believed that this bubble of false prosperity would keep on rolling, and so they wasted immense amounts of precious time and resources.  Now the day of reckoning is here, and vast numbers of our fellow citizens are going to discover the horror of being unprepared.


http://www.prisonplanet.com/the-next-employment-crisis-is-here-job-cuts-at-u-s-companies-jump-35-percent-in-april.html
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Offline Letsbereal

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WORLD UNEMPLOYMENT 2016
« Reply #73 on: May 08, 2016, 02:55:09 AM »
WHERE’S THERE A CRASH? WORLD ECONOMY COLLAPSING!!!

WORLD UNEMPLOYMENT 2016

Unemployment rising in Asia with China, Hong Kong, Taiwan and Japan, South Korea, Malaysia, Australia and New Zealand.

Unemployment rising in the U.S. and Brazil.

Unemployment rising In the Eurozone-North France, U.K., Norway, Sweden, Finland and Poland and in the South Spain, Portugal, Greece and Turkey.

ASIA

Layoffs Loom in China as Growth Slows
China’s Mass Unemployment Wave Begins: Six Million Workers To Get Pink Slips
Hong Kong Jobless Rate Rises Unexpectedly In March

Taiwan Slips Into Recession In Q4
Taiwan December Jobless Rate Rises More Than Expected
Taiwan Jobless Rate Rises For Third Month
Taiwan Jobless Rate Rises In February

Japan Unemployment Rate Rises In February

South Korea Jobless Rate Climbs More Than Expected To 6-Year High

Singapore Employment Logs Slowest Growth Since 2003
Malaysia Jobless Rate Climbs In November
Malaysia Jobless Rate Rises In December

Australia Jobless Rate Climbs To 6.0% In January
Australian Unemployment Spikes to 6% as Full-Time Jobs Slump

New Zealand Jobless Rate Climbs To 5.7% In Q1
New Zealand Unemployment Rate Jumps To 5.7% In Q1

U.S.

Continuing Jobless Claims Surge Most Since 2009 As Initial Claims Hit 6-Month Highs
U.S. Labor Productivity Drops By Revised 2.2% In Q4
U.S. Labor Productivity Drops 1.0% In Q1
U.S. Weekly Jobless Claims Show Rebound In April
U.S. Weekly Jobless Claims Rise More Than Expected
U.S. Job Growth Falls Well Short Of Estimates In April

Brazil Jobless Rate Climbs Sharply In February

EURO ZONE

Norway Jobless Rate Rises In January

Sweden Jobless Rate Rises Unexpectedly In December
Sweden Dec Jobless Rate Climbs More Than Expected
Sweden Jobs Agency Says Government Won’t Reach Unemployment Goal
Sweden Jobless Rate At 1-Year High
Sweden Jobless Rate Rises To 7-Month High
Sweden Jobless Rate Rises Unexpectedly In February
Sweden Jobless Rate Climbs For The Fourth Straight Month In March

Finland Jobless Rate At 6-Month High
Finland Jobless Rate Rises In January
Finland Jobless Rate Rises In February
Finland Jobless Rate Increased For The Fourth Straight Month In March

Poland Jobless Rate Climbs More Than Expected In December
Poland Jobless Rate At 8-Month High

Estonia Q4 Jobless Rate Climbs

U.K. Permanent Job Placement Growth Eases In December
U.K. Unemployment Rises; Wage Growth Eases In February
U.K. Permanent Job Placement Growth At 6-Month Low In March

France Unemployment Reaches New Record High

Spain Jobless Claims Rise
Spain Unemployment Climbs In February
Portugal Q4 Jobless Rate Rises

Greece Economy Enters Recession In Q4
Greece Q4 Jobless Rate Climbs
Greece Jobless Rate Rises In January

Turkey Jobless Rate Rises Unexpectedly In October
Turkey Jobless Rate At 10-month High
Turkey Jobless Rate Climbs To 11-Month High In January


And that's A Fact! https://www.youtube.com/watch?v=Dbcp__YIU40
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline windyacres

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Re: The Daily Job Cuts
« Reply #74 on: May 11, 2016, 05:26:48 AM »
Machine Laboratory LLC is closing its manufacturing
 facility in Chesterfield - 73 Jobs Lost


Disney is shutting down its Disney Infinity
line of Video Games - 300 Jobs Lost]/b]


NRG Home Solar - 500 Jobs Lost


http://dailyjobcuts.com/
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Offline Letsbereal

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Initial Jobless Claims Soar Most In 11 Years To 15-Month Highs
« Reply #75 on: May 12, 2016, 09:24:32 AM »
Initial Jobless Claims Soar Most In 11 Years To 15-Month Highs
12 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-12/initial-jobless-claims-soar-most-11-years-15-month-highs
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Offline Letsbereal

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Exposing The Job Market Reality – Only Purple Squirrels Need Apply
« Reply #76 on: May 13, 2016, 05:07:49 AM »
Exposing The Job Market Reality – Only Purple Squirrels Need Apply
12 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-12/exposing-job-market-reality-only-purple-squirrels-need-apply

The point is that the difference between the number hired and the number of job openings is not merely shrinking, but has plunged to a negative half a million jobs. How can that be happening at the same time most headlines suggest the job market is strong?
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Offline Letsbereal

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The 20 Companies That Have Slashed the Most Jobs in 2016
« Reply #77 on: May 18, 2016, 06:05:21 PM »
The 20 Companies That Have Slashed the Most Jobs in 2016
18 May 2016
, by Millie Dent (The Fiscal Times)
http://www.thefiscaltimes.com/2016/05/18/20-Companies-Have-Slashed-Most-Jobs-2016

Click here to see the 20 companies that have cut the most jobs in 2016 http://www.thefiscaltimes.com/Media/Slideshow/2016/05/18/20-Companies-Have-Slashed-Most-Jobs-2016

17,850 - 01 National Oilwell Varco

16,000 - 02 Wal-Mart

12,500 - 03 Schlumberger

12,000 - 04 Intel

10,200 - 05 Halliburton

10,000 - 06 Dell

07,500 - 07 Chevron

06,000 - 08 Buffets

06,000 - 09 DuPont

06,000 - 10 Weatherford International

04,820 - 11 Macy’s

04,500 - 12 Hancock Fabrics

04,000 - 13 Boeing

03,600 - 14 Sports Authority

03,000 - 15 Johnson & Johnson

02,500 - 16 Avon Products

02,000 - 17 Norfolk Southern

01,800 - 18 Kohl’s Department Stores

01,718 - 19 DNC Parks & Resorts at Yosemite

01,600 - 20 McKesson
_______________________________________
133,588 ~ 134,000 TOTAL!
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Offline Letsbereal

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These Are The Ten Companies That Have Cut The Most Jobs In 2016
« Reply #78 on: May 23, 2016, 07:41:57 PM »
These Are The Ten Companies That Have Cut The Most Jobs In 2016
23 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-23/these-are-ten-companies-have-cut-most-jobs-2016

17,850 - 01 National Oilwell Varco

16,000 - 02 Wal-Mart

12,500 - 03 Schlumberger

12,000 - 04 Intel

10,200 - 05 Halliburton

10,000 - 06 Dell

07,500 - 07 Chevron

06,000 - 08 Buffets

06,000 - 09 DuPont

06,000 - 10 Weatherford International
_______________________________________
104,050 ~ 104,000 TOTAL!

133,588 ~ 134,000 TOTAL! The 20 Companies That Have Slashed the Most Jobs in 2016 http://forum.prisonplanet.com/index.php?topic=312774.msg1595938#msg1595938

006,000 ~ 140,000 TOTAL! At least if you count in all the smaller companies who shedded jobs.


So let that sink in for a moment there, … for you people out there with an attention span of a child.

A TOTAL OF 140,000 PEOPLE WERE SACKED IN 2016 ALONE!@)!^ ...

not to mention people sacked in 2015 let alone from 2007 on.

And that’s A Fact! https://www.youtube.com/watch?v=Dbcp__YIU40
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Offline Letsbereal

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In Today's Layoff News: Microsoft Fires 1,850; Intel Cuts 350; Shell Terminating 2,200
25 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-25/todays-layoff-news-microsoft-fires-1850-intel-cuts-350-shell-terminating-2200

02,200 – 21 Shell
01,850 – 22 Microsoft
00,300 – 23 Intel
______________________+
04,350 – TOTAL

133,588 – TOTAL The 20 Companies That Have Slashed the Most Jobs in 2016 http://forum.prisonplanet.com/index.php?topic=312774.msg1595938#msg1595938
______________________+
137,938 – TOTAL ~140,000

140,000 PEOPLE AT LEAST GOT SACKED IN 2016 ALONE!
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