The Daily Job Cuts

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #80 on: May 25, 2016, 05:44:19 PM »
What isn't being reported and what we also have to factor in is
the "Ripple Effect"  of others losing their jobs when big lay-offs happen.

Those laid off are not spending at local eateries, Mom and Pop restaurants,
small stores, etc.  and I've been seeing for a year now, small stores that used to
have 2-4 cashiers at the ready to ring people up, now only have ONE person.
It's a growing phenomenon as the economy sinks into an abyss, look around
next time you're in a store, even the big stores are doing the same thing,
closing registers with only a few staffed and open .   
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #81 on: May 27, 2016, 04:32:39 AM »
Nokia - Could Cut 10,000 to 15,000 Jobs Worldwide

J.P. Morgan Chase & Co.’s private bank - 100

CT - More than 900 State Jobs Eliminated 

Nokia ( Finland ) - 1,000

Duncan Halliburton plant - 1,000 Total over last Year+

Microsoft - up to 500 more Layoffs Globally
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Offline Letsbereal

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WORLD WIDE UNEMPLOYMENT
« Reply #82 on: June 07, 2016, 01:40:06 AM »
WORLD WIDE UNEMPLOYMENT

HEADLINES MAY 2016

ASIA

- Taiwan Jobless Rate Rises Unexpectedly In April

- Malaysia Jobless Rate Rises In March

- New Zealand Unemployment Rate Jumps To 5.7% In Q1

U.S.

- 95 Millon Americans Not In The Labor Force!

- In March, the labor force participation rate was 63%

EURO ZONE

- Swiss Jobless Rate Rises In April

- Latvia Q1 Jobless Rate Rises

- Portugal Q1 Jobless Rate Rises
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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #83 on: June 10, 2016, 02:19:02 AM »
Freightliner Laying Off 800 Employees in NC
6 June 2016
, Gaston County, N.C. (Iheart)
http://1065.iheart.com/articles/charlotte-news-496352/freightliner-laying-off-800-employees-in-14786205/
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Offline Letsbereal

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Real Unemployment Rate More Than Double The Official Number, CLSA Finds
« Reply #84 on: June 12, 2016, 06:19:19 PM »
Real Unemployment Rate More Than Double The Official Number, CLSA Finds
11 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-11/real-unemployment-rate-more-double-official-number-clsa-finds


ShadowStats Unemployment Rate 23.0% http://www.shadowstats.com/article/c810



Alternate Unemployment Charts http://www.shadowstats.com/alternate_data/unemployment-charts


Peddling Non-Fiction: Here Are The Facts About America's Disappearing Middle Class
11 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-11/peddling-non-fiction-here-are-facts-about-americas-disappearing-middle-class

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Offline windyacres

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Re: The Daily Job Cuts
« Reply #85 on: June 21, 2016, 11:26:39 PM »
The Minimum Wage Pain Continues: Hundreds More To Be Fired At Walmart 


 Zero Hedge
 16 June 2016
 Tyler Durden


Walmart reported relatively decent Q1 results, however one item that was apparent is that costs are still a factor in the business, as operating income was lower y/y even on increased revenues.

We've discussed many times the fact that Walmart has been overly eager to boost everyone's wage in order to appease the living wage crowd, and as a result the company has had to move forward with massive layoffs and store closings to try and mitigate the impact on profits. Earlier this month we also noted that Walmart is testing out drones that when operational, will be able to carry out what once were human tasks in its large distribution centers. This effort will further position the company to be able to shed more labor and benefit expense in the future. That said, Walmart isn't waiting for the drone initiative to come online.

The company recently announced that the accounting function at roughly 500 stores, mostly on the West Coast, will be eliminated and the job responsibilities will be handled by a shared service center at Walmart's Bentonville, Arkansas headquarters the WSJ reports. The function was used to count cash, as well as handle invoicing for companies that bring product directly to the store instead of the warehouse.

Invoicing will move to Bentonville, and machines will now be used to count the cash at each location. Mark Ibbotson, executive VP for central operations at Walmart US said the current system is dated and error-prone, "we really want to pull our workforce onto the floor" - yes, or reduce headcount and labor costs, one of the two.

http://www.zerohedge.com/news/2016-06-16/pain-continues-further-cutbacks-coming-walmart



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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #86 on: June 22, 2016, 02:58:58 AM »
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Offline Letsbereal

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Fake Jobs Plague The U.S. Economy
« Reply #87 on: June 22, 2016, 07:03:33 PM »
Fake Jobs Plague The U.S. Economy
22 June 2016
, by James Dale Davidson - The Sovereign Investor (Zero Hedge)
http://www.zerohedge.com/news/2016-06-22/fake-jobs-plague-us-economy

A close reading of the data suggests that economic growth is negligible, and the real unemployment rate is about 23%.

That is the Shadow Government Statistics alternative unemployment rate for May 2016. Quite a contrast with the headline “official” unemployment rate of 4.7%.


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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #88 on: June 28, 2016, 06:24:29 PM »
The "Synergies" Arrive: Dow Fires 2,500
28 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-28/synergies-arrive-dow-fires-2500
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Offline Letsbereal

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WORLD WIDE UNEMPLOYMENT - HEADLINES JUNE 2016
« Reply #89 on: July 01, 2016, 03:11:07 PM »
WORLD WIDE UNEMPLOYMENT

HEADLINES JUNE 2016

ASIA

- Taiwan Jobless Rate Rises Unexpectedly In April

- Malaysia Jobless Rate Rises In March

- New Zealand Unemployment Rate Jumps To 5.7% In Q1

U.S.

- 95 Millon Americans Not In The Labor Force!

- In March, the labor force participation rate was 63%

EURO ZONE

- Swiss Jobless Rate Rises In April

- Sweden Jobless Rate Rises In May

- Finland's Jobless Rate At 1-Year High

- Latvia Q1 Jobless Rate Rises

- Portugal Q1 Jobless Rate Rises

- Greece Q1 Unemployment Rate Rises
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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #90 on: July 01, 2016, 07:46:21 PM »
Pershing Square Lays Off More Than 10% Of Employees
1 July 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-07-01/pershing-square-lays-more-10-employees

Commerzbank To Cut Over 100 Bankers In NYC
1 July 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-07-01/commerzbank-cut-over-100-bankers-nyc
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Offline Letsbereal

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Seagate Sacking 6,500 Employees - 14% Of Global Headcount
« Reply #91 on: July 12, 2016, 11:00:56 AM »
Seagate Technology Announces Preliminary Financial Information For Fiscal Fourth Quarter And Year-End 2016
11 July 2016
, Cupertino, CA (Seagate)
http://www.seagate.com/nl/nl/about-seagate/news/seagate-technology-announces-preliminary-financial-information-for-fiscal-fourth-quarter-and-year-end-2016-pr/

In addition to the Company’s restructuring actions announced June 29, 2016, the Company announced today an additional restructuring plan for continued consolidation of its global footprint across Asia, EMEA and the Americas.

The plan includes reducing the Company’s global headcount by approximately 6,500 employees, or 14% of its global headcount by the end of fiscal year 2017.
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Offline Letsbereal

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Obama’s Job Recovery Is Completely Nonexistent
« Reply #92 on: August 14, 2016, 04:52:21 PM »
Obama’s Job Recovery Is Not Only Slower Than Past Recessions, It’s Completely Nonexistent
13 August 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-08-13/obama-job-recovery-nonexistent


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Offline Letsbereal

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Here's Why Wages Have Stagnated (And Will Continue To Stagnate)
« Reply #93 on: August 14, 2016, 07:15:01 PM »
Here's Why Wages Have Stagnated (And Will Continue To Stagnate)
14 August 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-08-14/heres-why-wages-have-stagnated-and-will-continue-stagnate

Wages are only rising significantly for the top 5%, while workers between the bottom 81% who have seen their household incomes decline and the top 5% are experiencing stagnant earnings

If earnings and household incomes for the bottom 95% stagnate, these households cannot afford to borrow and spend more money--and that's why demand is tepid except when the purchases are financed at 0%.
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Offline Letsbereal

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WORLD WIDE UNEMPLOYMENT - HEADLINES JAN-JUL 2016
« Reply #94 on: August 14, 2016, 08:02:27 PM »
WORLD WIDE UNEMPLOYMENT

HEADLINES JAN-JUL 2016


ASIA
– Taiwan Jobless Rate Rises Unexpectedly In April
– Singapore Q2 Jobless Rate Climbs More Than Expected
– Malaysia Jobless Rate Rises In March
– New Zealand Unemployment Rate Jumps To 5.7% In Q1
– Australia Jobless Rate Ticks Up In June


U.S.
– U.S. Weekly Jobless Claims Rise More Than Expected In June
– 95 Millon Americans Not In The Labor Force!
– In March, the labor force participation rate was 63%


SOUTH AMERICA
– Brazil Jobless Rate Climbs To 11.3% In June

EURO ZONE
– French Jobless Claims Climbs for Second Month In June
– Italian Jobless Rate Rises In June
– Swiss Jobless Rate Rises In April
– Norway Jobless Rate Climbs In July
– Sweden Jobless Rate Rises In May
– Sweden Jobless Rate Rises In June
– Finland’s Jobless Rate At 1-Year High
– Latvia Q1 Jobless Rate Rises
– Portugal Q1 Jobless Rate Rises
– Greece Q1 Unemployment Rate Rises
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #95 on: August 31, 2016, 12:41:34 AM »
Minimum Wage Claims Its Latest Victims -
Ashley Furniture Slashes 840 Jobs In California 



by Tyler Durden
Aug 28, 2016


A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.
On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mix strengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

The majority of production in Colton will move to U.S. plants in Wisconsin, Mississippi and North Carolina.
By shifting the majority of Colton production to other U.S. facilities we will create more efficiency and better use of existing capacity in our manufacturing network.


Certainly, it's not surpurprising that Ashley would choose to relocate their California prodcution capacity to Wisconsin, North Carolina and Mississippi given that they each sport minimum wages that are a mere 52% lower than California's proposed $15 floor.


But, as per the norm, misinformed politicians rarely seem to take the heat for their reckless policies as Ashley employees prepared to protest the layoffs in Colton.
“We cannot let companies like Ashley bleed the American dream,” Naja said. “It’s not only the employees, but the families, the kids, the wives. They’ve got wives with medical situations and things like that. There’s no way a huge company like Ashley’s can shut down the doors.”

“We’re going to be here making a protest and we’re calling everybody that can come to please support us and find out what they did to us,” Zuniga said. “Come and support all the hard-working employees and parents that take income to their house. I’m the only one supporting my family. I’m the only one paying a mortgage.”
Might we kindly suggest the better place to hold your protest would be in front of Jerry Brown's office in Sacramento.


http://www.zerohedge.com/news/2016-08-28/ashley-furniture-slashes-840-jobs-california-15-minimum-wage-claims-its-latest-victi

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Offline Letsbereal

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Wal-Mart To Fire 7,000
« Reply #96 on: September 01, 2016, 12:20:47 PM »
Wal-Mart To Fire 7,000
1 September 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-09-01/wal-mart-fire-7000
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Offline egypt

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Re: Wal-Mart To Fire 7,000
« Reply #97 on: September 01, 2016, 12:56:23 PM »
Wal-Mart To Fire 7,000
1 September 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-09-01/wal-mart-fire-7000
Isn't it just too bad the slavers and community-wreckers are having a bad time.

Offline windyacres

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Re: The Daily Job Cuts
« Reply #98 on: September 01, 2016, 04:47:41 PM »
Wal-Mart To Fire 7,000 

I feel partially responsible for this... I knew it would
add up as a loss for walmart when I didn't notify the
cashiers that my items at times rang up for less then
what the sticker price was....  The last Under-ring
the bar code scanner was off $16  in my favor  and I
did not say a thing at the register...  I hope everyone
doesn't see me as a horrible person.... LOL!
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Offline Letsbereal

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WORLD WIDE UNEMPLOYMENT - HEADLINES JAN-AUG 2016
« Reply #99 on: September 04, 2016, 03:16:29 AM »
WORLD WIDE UNEMPLOYMENT

HEADLINES JAN-AUG 2016


ASIA
– Taiwan Jobless Rate Rises Unexpectedly In April
– Singapore Q2 Jobless Rate Climbs More Than Expected
– Malaysia Jobless Rate Rises In March
– New Zealand Unemployment Rate Jumps To 5.7% In Q1
– Australia Jobless Rate Ticks Up In June


U.S.
– U.S. Weekly Jobless Claims Rise More Than Expected In June
– 95 Millon Americans Not In The Labor Force!
– In March, the labor force participation rate was 63%

– U.S. Weekly Jobless Claims Unexpectedly Edge Higher In July
– U.S. Jobless Claims Unexpectedly Edge Up To 269,000

– U.S. Weekly Jobless Claims Up In August
– U.S. Jobless Claims Up To 263,000


SOUTH AMERICA
– Brazil Jobless Rate Climbs To 11.3% In June
– Brazil Jobless Rate Climbs Again In July


EURO ZONE
– French Jobless Claims Climbs for Second Month In June
– Italian Jobless Rate Rises In June
– Swiss Jobless Rate Rises In April
– Norway Jobless Rate Rises In June
– Norway Jobless Rate Climbs In July
– Sweden Jobless Rate Rises In May
– Sweden Jobless Rate Rises In June
– Finland’s Jobless Rate At 1-Year High
– Ireland Youth Unemployment Rose To 16% from 15.4% In June
– Latvia Q1 Jobless Rate Rises
– Spain Unemployment Rises In August
– Portugal Q1 Jobless Rate Rises
– Greece Q1 Unemployment Rate Rises
– Turkey Jobless Rate Rises In May
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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #100 on: September 04, 2016, 09:18:14 PM »
Harley-Davidson says plans to cut about 200 jobs
1 September 2016
, (Reuters)
http://www.reuters.com/article/us-harley-davidson-layoffs-idUSKCN11760O

Wal-Mart to cut 7,000 U.S. store back-office jobs
1 September 2016
, (Reuters)
http://www.reuters.com/article/us-walmart-layoffs-idUSKCN1175D7

Caterpillar says it may lay off 2,000 workers at Belgium plant
2 September 2016
, (Reuters)
http://www.reuters.com/article/us-caterpillar-restructuring-idUSKCN1181GH

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Offline Letsbereal

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The year isn’t over yet. More mass layoffs to come ...
« Reply #101 on: September 07, 2016, 11:04:45 PM »
The Biggest American Layoff Queens in 2016 “So Far”
19 August 2016
, by Wolf Richter (Wolf Street)
http://wolfstreet.com/2016/08/19/biggest-u-s-mass-layoff-announcements-2016/

The year isn’t over yet. More mass layoffs to come.

The most recent company to announce four-digit layoffs was Cisco on Wednesday with 5,500 people on its list. It followed numerous other announcements of mass layoffs this year – particularly in oil-and-gas, brick-and-mortar retail, and tech.

Since the oil bust began, there have been 195,000 job cuts in the US alone, according to Challenger, Gray & Christmas. Of those, about 95,000 occurred in 2016. They were concentrated in just a few states, particularly Texas. And it’s not over: there was a “resurgence” of 17,725 job cuts in July.

Tech announced about 55,000 layoffs so far this year, including Cisco. The sector is getting clobbered by a sea change in technology, the shift to mobile, and the downward spiral of the entire PC ecosystem. And retail announced nearly 44,000, not including Macy’s still unspecified job cuts associated with shuttering 100 Macy’s stores.

So 24/7 Wall St. interviewed John Challenger, CEO of Challenger, Gray. And digging into additional data, it came up with its list of the biggest layoff announcements in 2016 so far – “so far” because the year isn’t over yet.

Layoff announcements can cover the global workforce, as in Cisco’s case. So not all of Cisco’s 5,500 layoffs are likely to happen in the US. And they may not necessarily happen this year. These things can drag out. For example, retailers generally want to keep their stores open and fully staffed through the holiday selling season and not shut them down just before.

So here they are in reverse order of magnitude.

Macy’s: 4,350 job cuts, plus. In early 2016, it announced about 3,000 cuts at its 770 stores, plus 1,350 back-office employees and customer service reps. Execs don’t get laid off. But 165 got buyout packages. This does not include the jobs that will disappear when it shutters 100 stores in early 2017, after having shuttered 41 stores last year. Macy’s, with its 157,900 employees, is getting clobbered by online retailers, and it’s seriously shrinking [Profits Plunge, Sales Drop at Macy’s. Slashes Jobs, Closes Stores. Stock Jumps 18%].

Hancock Fabrics: 4,500 job cuts. A brick-and-mortar casualty. It first filed for bankruptcy reorganization in 2007 and emerged in 2008. In February this year, it filed again. But this time, reorganization failed. It is now liquidating its 250 stores, and everyone goes.

Microsoft: 4,700 job cuts. Having botched its entry into mobile, and being stuck in the middle of the downward spiral of the PC ecosystem, it has been trying to get into the “cloud” business, like everyone else. To restructure, it has been on a veritable layoff binge over the past couple of years. With its 114,000 employees, there’s still some room left [some thought on its genius… After Losing $11 Billion on $9.4-billion Nokia Buy & Axing 27,650 Jobs, Microsoft Dumps Consumer Smartphones].

Cisco: 5,500 job cuts. Old tech, yes, but outside the PC ecosystem. Its router business is beset with competition from China. So it too wants to get into the “cloud.” On Tuesday, with its stock trading at a nine-year high, it leaked that it would let go up to 14,000 workers, or nearly 20% of its workforce. On Wednesday, as part of its earnings report, it announced that it would lay off only 5,500. Suspicions immediately arose that the leak was undertaken to butter up the markets and keep the damage to a minimum.

National Oilwell Varco: 6,000 job cuts. After having already axed 13,445 employees in 2015, the oilfield services and equipment provider with about 50,000 employees will also close 200 facilities.

DuPont Pioneer: 6,000 job cuts, plus. This product of a merger between DuPont and Dow Chemical is now looking for the promised synergies and efficiencies. The initial step is for DuPont to cut $700 million in annual costs and 6,000 employees. DuPont has been shrinking its headcount for years. Back in 2011, it employed 61,600. At the end of 2015, it was down to 52,000. More job cuts are on the way to live up to the promise of a further $3 billion in savings.

Weatherford International: 8,000 job cuts. The oil field services company with 39,500 employees hopes to save $446 million per year.

Bank of America: 8,000 job cuts, plus. Another well-greased layoff machine. Last year it shoved 10,000 people out the door. With 213,000 employees, it too has some room left to please the analysts. Since the Financial Crisis, it shrank its consumer division by 32% to 68,400 employees as of Q1 this year. It said in June that the number of employees in this division will drop “to the low 60s” soon. So more layoff announcements this year.

Seagate Technology: 8,100 job cuts. With revenues in free fall, the disk drive maker with 45,500 employees is restructuring, again, to diversify its products and get the heck out of the downward spiral of the PC ecosystem. It’s trying to get into – you guessed it – the “cloud.” So a year ago, it bought cloud storage company Dot Hill Systems.

Schlumberger: 10,000 job cuts. The oilfield services company had already cut 24,000 jobs since late 2014, but it wasn’t enough, and in January, with 95,000 people still on its payroll, and $1 billion in red ink, it announced another 10,000 layoffs, along with a good swig of financial engineering to make the results go down better.

Intel: 12,000 job cuts. With part of its business positioned at the center of the PC ecosystem’s downward spiral, it announced that it would slash its workforce by 11%. Yup, with its 107,300 employees, it too is seeking salvation in the “cloud.”

Halliburton: 15,200 job cuts. Back in late 2014, the oil-and-gas services company employed about 80,000 folks. A year later, it was down to 65,000. This year’s cuts will take its headcount down to around 50,000. Over the period of the oil bust, it has axed 38% of its workforce. I’m practically expecting an announcement that it too would seek salvation in the “cloud.”

And the winner –
Wal-Mart Stores: 17,500 job cuts. OK, given its 2.3 million employees, those cuts don’t weigh as heavily as some of the other layoff queens. It will also close 260 stores, of which 154 in the US, mostly Walmart Express stores, and 115 stores in other countries – as I said at the time, “rubbing salt into the deepening brick-and-mortar retail wounds.”

What stands out among these announcements? They’re company or industry specific: oil-and-gas, brick-and-mortar retail, and tech – all three of them deeply troubled. Well, OK, a bank too. Smaller companies in these and other sectors often lay their workers off quietly, and unless you’re working there, or know some who is, you’ll never hear about it.

So here is a leading Indicator of big trouble, now fermenting in the banks.
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Offline Letsbereal

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For the first time in the history more companies are being closed then started
« Reply #102 on: September 07, 2016, 11:30:56 PM »
For the first time in the history of American business, more companies are being closed (dark green line) then started (light green line):




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Offline windyacres

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Re: The Daily Job Cuts
« Reply #103 on: September 08, 2016, 02:13:46 AM »
ITT college shuts down, 40,000 students and 8,000 employees affected 

8,000 jobs went poof overnight and I bet nobody saw it coming.  WindyAcres


Quote
      ITT Educational Services announced on Tuesday that it is shutting down immediately, accusing the federal government of unfairly stripping it of eligibility for student aid.

snip - Secretary of Education says government to erase student debt for ITT students - From Secretary of Education

If you are currently or were recently enrolled at ITT, you may be eligible to have your federal student loans for your program at ITT discharged. Your federal loan debt will be wiped away and you will have the option of restarting your education somewhere new.


http://money.cnn.com/2016/09/06/pf/college/itt-shuts-down/

http://blog.ed.gov/2016/09/message-secretary-education-itt-students/



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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #104 on: September 08, 2016, 05:29:44 PM »
Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg
8 September 2016
, (Reuters)
http://www.reuters.com/article/us-dell-layoffs-idUSKCN11E2NC

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter.
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Offline Letsbereal

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The Chilling Thing CEOs Of Corporate America Said About Jobs
« Reply #105 on: September 14, 2016, 04:36:24 PM »
The Chilling Thing CEOs Of Corporate America Said About Jobs
14 September 2016
, by Wolf Richter - Wolf Street (Zero Hedge)
http://www.zerohedge.com/news/2016-09-14/chilling-thing-ceos-corporate-america-said-about-jobs

Jobless recovery looms for white-collar U.S. oil workers
12 September 2016
, by Ernest Scheyder - Spring, Texas (Reuters)
http://www.reuters.com/article/us-usa-oil-jobs-idUSKCN11I0AX
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #106 on: September 16, 2016, 12:00:45 AM »
Be Prepared

Offline windyacres

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Re: The Daily Job Cuts
« Reply #107 on: September 16, 2016, 12:08:12 AM »
   IRS cutting 1,800 jobs in northern Kentucky 


COVINGTON, Ky. (AP) -
The U.S. Internal Revenue Service is consolidating processing facilities and closing a sprawling facility in northern Kentucky, meaning a loss of 1,800 jobs.

The Kentucky Enquirer reports the agency announced the cuts Wednesday. Some employees will remain in Covington at other facilities.

Leaders with the IRS's National Treasury Employees Union confirmed to the newspaper that the 450,000-square-foot processing complex on the river will close.

The IRS is Covington's second largest employer. Depending on the time of the year, the agency employs 3,500 to 5,000 in the riverfront complex.

City Manager Larry Klein said the change will have a big impact. He said the city wasn't notified in advance.

Despite that, Klein said the building lies on prime riverfront property, and the move will free up the property for redevelopment.


http://www.wkyt.com/content/news/IRS-cutting-1800-jobs-in-northern-Kentucky-393447561.html

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Offline Letsbereal

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Rolls-Royce to cut 200 more management jobs
« Reply #108 on: September 18, 2016, 09:22:52 PM »
Rolls-Royce to cut 200 more management jobs
18 September 2016
, (Reuters)
http://www.reuters.com/article/us-rolls-royce-restructuring-idUSKCN11O0WD

Rolls-Royce said on Sunday it is cutting more than 200 management jobs as part of its ongoing restructuring.
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Offline Letsbereal

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Unemployment Rate at 23.0% September 2nd, 2016
« Reply #109 on: September 21, 2016, 09:36:42 PM »
September 2nd, 2016 ShadowStats-Alternate Unemployment Rate at 23.0% http://www.shadowstats.com/article/c829

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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #110 on: September 22, 2016, 03:53:48 AM »
Sears to shut 64 more Kmart stores: source
19 September 2016
, (Reuters)
http://www.reuters.com/article/us-sears-stores-idUSKCN11P29N

Retailer Sears Holdings Corp will close a further 64 Kmart stores in the United States, a source familiar with the matter said, in addition to the nearly 70 it announced earlier this year.
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Offline Letsbereal

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WORLD WIDE UNEMPLOYMENT - HEADLINES JAN-SEPT 2016
« Reply #111 on: September 30, 2016, 02:16:30 PM »
WORLD WIDE UNEMPLOYMENT

HEADLINES JAN-SEPT 2016


ASIA

– Japan Unemployment Rate Rises In August
– Taiwan Jobless Rate Rises Unexpectedly In April
– South Korea Jobless Rate Rises In August
– Singapore Q2 Jobless Rate Climbs More Than Expected
– Malaysia Jobless Rate Rises In March
– Malaysia Jobless Rate Rises In July
– New Zealand Unemployment Rate Jumps To 5.7% In Q1
– Australia Jobless Rate Ticks Up In June


U.S.

– U.S. Weekly Jobless Claims Rise More Than Expected In June
– 95 Millon Americans Not In The Labor Force!
– In March, the labor force participation rate was 63%

– U.S. Weekly Jobless Claims Unexpectedly Edge Higher In July
– U.S. Jobless Claims Unexpectedly Edge Up To 269,000

– U.S. Weekly Jobless Claims Up In August
– U.S. Jobless Claims Up To 263,000


SOUTH AMERICA

– Brazil Jobless Rate Climbs To 11.3% In June
– Brazil Jobless Rate Climbs Again In July

EURO ZONE

– German Unemployment Rises Unexpectedly In September
– French Jobless Claims Climbs for Second Month In June
– Italian Jobless Rate Rises In June
– Swiss Jobless Rate Rises In April
– Norway Jobless Rate Rises In June
– Norway Jobless Rate Climbs In July
– Sweden Jobless Rate Rises In May
– Sweden Jobless Rate Rises In June
– Sweden Jobless Rate Climbs Unexpectedly In August
– Finland’s Jobless Rate At 1-Year High
– Ireland Youth Unemployment Rose To 16% from 15.4% In June
– Latvia Q1 Jobless Rate Rises
– Spain Unemployment Rises In August
– Portugal Q1 Jobless Rate Rises
– Greece Q1 Unemployment Rate Rises
– Turkey Jobless Rate Rises In May
– Turkey Jobless Rate At 4-Month High In June
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Offline windyacres

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Re: The Daily Job Cuts
« Reply #112 on: October 01, 2016, 03:39:16 AM »
  ING Bank of the Netherlands to lay off almost 10,000.
 



Quote
ING Plans Thousands of Job Cuts

ING Groep NV, the largest Netherlands lender, will announce thousands of job cuts at its investor day on Monday, Dutch newspaper Het Financieele Dagblad reported
 


http://www.bloomberg.com/news/articles/2016-09-30/ing-plans-thousands-of-job-cuts-het-financieele-dagblad-reports




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Offline Letsbereal

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Re: The Daily Job Cuts
« Reply #113 on: October 01, 2016, 05:19:02 AM »
  ING Bank of the Netherlands to lay off almost 10,000.

http://www.bloomberg.com/news/articles/2016-09-30/ing-plans-thousands-of-job-cuts-het-financieele-dagblad-reports

Know some people from ING group. This has been in the planning for a couple of years now. Some still not know if they can keep their job or not.

Not much written about but I did: Europe’s Ridiculously Large Banking Sector http://www.maxkeiser.com/2012/10/europes-ridiculously-large-banking-sector/
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Offline Letsbereal

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Part-Time Jobs Soar By 430,000 As Multiple Jobholders Surge To August 2008 Levels http://www.zerohedge.com/news/2016-10-07/part-time-jobs-soar-430000-multiple-jobholders-surge-august-2008-levels

Since 2014 The US Has Added 547,000 Waiters And Bartenders And Lost 32,000 Manufacturing Workers http://www.zerohedge.com/news/2016-10-07/2014-us-has-added-547000-waiters-and-bartenders-and-lost-32000-manufacturing-workers

Where The September Jobs Were: Secretaries, Waiters, Retail And Social Workers http://www.zerohedge.com/news/2016-10-07/where-september-jobs-were-secretaries-waiters-retail-and-social-workers
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Offline Letsbereal

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HP laying off 3,000-4,000 employees between fiscal 2017 and fiscal 2019
« Reply #115 on: October 14, 2016, 09:55:54 AM »
HP laying off 3,000-4,000 employees between fiscal 2017 and fiscal 2019
10 October 2016
, (UNITED STATES SECURITIES AND EXCHANGE COMMISSION)
http://hsprod.investis.com/shared/v2/irwizard/sec_item_new.jsp?epic=hewlett_packard&ipage=11179727&DSEQ=&SEQ=&SQDESC=

HP Layoffs 2012 - 27,000
HP Layoffs 2012 - 2,000
HP Layoffs 2013 - 5,000
HP Layoffs 2014 - 16,000
HP Layoffs 2019 - 4,000
______________________________
HP Layoffs Total - 54,000
Source

HP Inc to cut up to 4,000 jobs over next three years
14 October 2016
, (Reuters)
http://www.reuters.com/article/us-hp-layoffs-idUSKCN12D2XW
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Offline Letsbereal

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Deutsche Bank To Fire Another 10,000 Bankers - Total Layoffs 20% Of Workforce
« Reply #116 on: October 14, 2016, 10:48:54 AM »
Deutsche Bank To Fire Another 10,000 Bankers, Bringing Total Layoffs To 20% Of Workforce
14 October 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-10-14/deutsche-bank-fire-another-10000-bankers-bringing-total-layoffs-20-workforce

Exclusive: Deutsche Bank considers thousands more job cuts - source
14 October 2016
, by Arno Schuetze - Frankfurt (Reuters)
http://www.reuters.com/article/us-germany-deutsche-bank-jobs-idUSKBN12E16T
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Offline Letsbereal

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Ericsson to cut up to 4,000 jobs in Sweden: Report
« Reply #117 on: October 14, 2016, 10:55:41 AM »
Ericsson to cut up to 4,000 jobs in Sweden: Report
4 October 2016
, (Economic Times of India)
http://economictimes.indiatimes.com/news/international/business/ericsson-to-cut-up-to-4000-jobs-in-sweden-report/articleshow/54669851.cms

Layoffs All http://economictimes.indiatimes.com/topic/Ericsson-layoffs

VW could cut 25,000 jobs over 10 years as workers retire
12 October 2016
, (Reuters)
http://www.reuters.com/article/us-volkswagen-jobs-idUSKCN12C0DF

BNP Paribas to cut jobs, branches in Italy: sources
12 October 2016
, (Reuters)
http://www.reuters.com/article/us-eurozone-banks-bnp-paribas-cuts-idUSKCN12C2CA

Lloyds Banking Group cuts 1,230 jobs as part of strategic overhaul
12 October 2016
, (Reuters)
http://www.reuters.com/article/us-lloyds-jobs-idUSKCN12C14N
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Offline Letsbereal

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Fujitsu to cut 400-500 jobs in Germany
« Reply #118 on: October 15, 2016, 04:23:17 PM »
Fujitsu to cut 400-500 jobs in Germany: Nikkei
14 October 2016
, (Reuters)
http://www.reuters.com/article/us-fujitsu-layoffs-germany-idUSKBN12E2HH
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Offline Letsbereal

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Verizon closing call centers in five U.S. states, 3,200 jobs affected
« Reply #119 on: October 15, 2016, 06:15:17 PM »
Verizon closing call centers in five U.S. states, 3,200 jobs affected
14 October 2016
, by Malathi Nayak (Reuters)
http://www.reuters.com/article/us-verizon-closures-idUSKCN12D1RF
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