Layoffs
Kaiser Permanente lays off 530 employees in Southern California
Kaiser Permanente officials have confirmed 530 union employees in Southern California have been laid off.
At least 85 position were eliminated at the Fontana and Ontario medical centers, officials said Friday.
Officials at the health-care provider did not release the locations of the other 445 positions.
The layoffs do not include physicians.
(Excerpt) Read more at presstelegram.com
COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY
Freedom Works has put together a list of companies that will be laying off employees as a result of President Barack Obama’s health care law:
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the […]
Boeing Announces Big Layoffs in Defense Division
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Read the whole story at CNBC
Defense contractors confirm thousands of layoff notices will go out just before Election Day
Major defense contractors have confirmed they’ll send tens of thousands of employee layoff warnings shortly before Election Day, according to correspondence released Monday by Arizona Sen. John McCain.
McCain, the top Republican on the Senate Armed Services Committee, wants to jump-start congressional action to avert automatic, across-the-board budget restrictions set to take effect early next year. Hawks […]
100,000 teachers nationwide face layoffs
Senior congressional Democrats and the Obama administration scrambled Wednesday to line up support for $23 billion in federal aid to avert an estimated 100,000 or more school layoffs in a brutal year for education budgets coast to coast.
(Excerpt) Read more at washingtonpost.com
Layoffs:Lockheed Martin to cut 1,200 jobs (Hope and Change 2010 Edition)
Defense contractor Lockheed Martin said Wednesday it plans to cut 1,200 jobs to lower costs as it combines two units.
The cuts amount to less than 1 percent of the company’s total work force of about 140,000. The company says employees who will lose their jobs will be notified by early April.
(Excerpt) Read more at news.yahoo.com […]
AOL to shed more than one-third of work force (2,500)
AOL LLC, an Internet company struggling to adapt to an advertising-driven economy, is looking to shed more than a third of its work force as it prepares to spin off from Time Warner Inc. next month.
Major job cuts had been expected, but the magnitude hadn’t been known until Thursday. AOL, which now employs 6,900 workers, […]
Obama Says U.S. Jobless Rate to Reach 10% This Year
US President Barack Obama said Tuesday that unemployment was expected to hit 10 percent this year as companies cut payrolls to cope with prolonged recession.
Asked during an interview with the Bloomberg television network whether the jobless rate, which surged to a 26-year high of 9.4 percent in May, would reach 10 percent, the president said:”Yes.”
Queried […]
Jobless Rate Rises (8.9%); Layoffs Slow To 539,000 in April
The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months.
But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.
“This is a truly awful report that will likely be taken as a good report […]
Microsoft closes in on 5,000 job cuts (Second wave of mass layoffs)
Microsoft said Tuesday that it is moving forward with a second wave of mass layoffs, getting the company closer to its target of 5,000 job cuts by mid 2010, according to an e-mail Chief Executive Steve Ballmer sent employees.The company would not say exactly how many workers were being affected in this latest round.
In January, […]
GM exec says 1,600 will lose jobs in next few days
About 1,600 white-collar workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts in order to qualify for more government aid.GM North America President Troy Clarke said Monday in an e-mail to employees that the layoffs are needed to ensure the company’s long-term viability.
(Excerpt) […]
Top Federal Reserve member sees 10% jobless rate in the US
A top US central banker has said that the unemployment rate in the country could jump above 10% this year.
Richard Fisher, a member of the Federal Reserve’s interest-rate setting committee, said the central bank would use “every tool” to fix the economy.
The jobless rate rose to 8.5% in March, while 5.1 million jobs […]
The change you’ve all been waiting for: U.S. private sector cuts 697,000 jobs in February
U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services that suggests hefty employment declines are on the way in the government’s payrolls report due on Friday. ADP said on Wednesday that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January […]