“Philadelphia’s mayor says nearly 3,000 city workers will get layoff notices Friday unless the state Legislature approves changes the city needs to balance its budget.
The layoffs would be effective Oct. 2 and include more than 1,000 police officers and firefighters.
The city is trying to close a $1.4 billion, five-year budget deficit.”
(Source: Nearly 3,000 Philly [...]
As part of a plan to restructure itself into a more innovative, efficient, and entrepreneurial business, MySpace announced today that it will reduce its staff by nearly 30%. This restructuring plan crosses all U.S. divisions of the company and lowers the total number of domestic staff at MySpace to 1,000 employees. (TechCrunch)
A spokesperson for the State Budget Department says Governor David Paterson’s recent announcement to lay of 8,900 state employees was no threat, and that this Summer those layoffs will happen. (WKTV)
Garmin Ltd. today said it is laying off 141 employees in Kansas City, a first for the Olathe-based navigation business that has been one of the area’s fastest growing companies.
All of the affected employees are in Olathe, or in the company’s two area customer service centers. Garmin has 2,510 employees in the Kansas City area [...]
Seagate Technology, the Cayman Islands disk drive maker that operates out of Scotts Valley, today announced that it is terminating five senior vice-presidents and 17 vice-president-level employees, which represent about 20 percent of Seagate’s vice-president-and-above-level positions.(Silicon Beat)
It’s official: Macy’s has told the state that it will be laying off 375 employees at its Florida corporate headquarters on East Flagler Street in downtown Miami.
Last month, the Cincinnati-based retailer (NYSE: M) said it was closing its Florida headquarters as part of a nationwide restructuring of its central operations.
A total of 7,000 positions, or [...]
The Dow Jones industrial average tumbled to its lowest close in more than six years Thursday as sharp declines in key financial shares led the market lower.
And the number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. (Mercury News)
Sprint’s just announced that they’ll be saying goodbye to 8,000 of their workers during the first quarter of 2009. This workforce reduction is partly because “Sprint has seen a notable reduction in calls per subscriber to customer care and increased customer satisfaction resulting from customer service improvements.” Of course I guess this reduction in customer [...]
IMB Cuts
Intel closures
That, Mr. Gates, is the sound of inevitability.
Extensive layoffs are on the way for radio and outdoor advertising giant Clear Channel. The Wall Street Journal’s web site says they expect Clear Channel to layoff about 1500 employees nationwide later in the week. That’s about 7-percent of its workforce. (ABC)
