- 11,150 at Bank of America
- 14,000 at Rio Tinto
- 1,000 at Alcatel-Lucent
- 193 at HSBC
- 500 at Time Inc.
- Lots at Yahoo
- 39 / 130 at RealNetworks
- 10 at Yahoo Inc.
- 21 at DivX
- 1,500 at YHOO
- 45 at Weyerhaeuser
- 52,000 at Citigroup
- 1,000 at Volvo AB
- 2,000 at NovaStar Financial Inc.
- 8,000 at Sony
- 6000 at Sun Microsystems
- 180 at Volvo
- 300 at CareerBuilder
Bank of America: Bank of America to cut up to 35,000 jobs over 3 years as part of Merrill merger
Published: Fri, Dec 12 2008 13:13
...Bank of America to cut up to 35,000 jobs over 3 years as part of Merrill merger A Bank of America branch in New York. Bank of America has already laid off 11,150 employees since the onset of the financial crisis in July 2007. Shannon Stapleton/Reuters) Bank of America to cut up to 35,000 jobs over 3 years as part of Merrill merger...
See:
Bank of America,
New YorkRio Tinto:
Rio Tinto job losses sign of tough times: Australian PMPublished: Wed, Dec 10 2008 20:00
...Rudd said on Thursday the resource company Rio Tinto 's lay off of 14,000 jobs worldwide was a reminder of the tough times ahead that will be felt with the global financial crisis. Rio Tinto , the world's second biggest miner, announced on Wednesday it would lay off 14,000 workers out of its total 17,000 full-time staff. It indicated that the job boom that has drawn tens of thousands of workers to the resource-rich part of Australia in the past decade is over. Rudd, in Bendigo city of Victoria state...
See:
Rio Tinto,
Rudd,
Victoria,
AustraliaAlcatel-Lucent:
French economy shrinks under recession threatPublished: Fri, Dec 12 2008 13:40
...workforce -- has been particularly hard hit, with national champions Renault and Peugeot-Citroen suspending staff and closing factories. More ominous news came on Friday, when telecoms giant Alcatel-Lucent announced a plan to lay off 1,000 white-collar staff and 5,000 subcontractors and also cut costs by 750 million euros between now and the end of next year. The group, a two-year-old merger of France's Alcatel and US competitor Lucent, had already planned to shed 16,500 employees worldwide by next...
See:
Alcatel-Lucent,
Lucent,
Peugeot,
Citroen,
Renault,
France,
USHSBC:
HSBC lays off 193 employees in IndiaPublished: Fri, Dec 12 2008 09:37
...HSBC lays off 193 employees in India HSBC lays off 193 employees in India-India Business-Business-The Times of India HSBC lays off 193 employees in India...
See:
HSBC,
India,
Times of IndiaTime Inc.:
Bewkes Takes Over All Reins At Time WarnerPublished: Fri, Dec 12 2008 14:29
...while retaining the title of chairman. On Thursday, he handed the chairmanship of the company to Bewkes as well. In the past year Bewkes began the process of spinning off Time Warner Cable; shut down New Line Cinema as an independent company (four of its films subsequently became hits), as well as Picturehouse and Warner Independent Pictures; and forced Time Inc. to lay off 500 employees. advertisement Are You a News Provider?...
See:
Time Inc.,
Time Warner,
Time Warner Cable,
Warner Independent Pictures,
Picturehouse,
New Line CinemaYahoo:
Nokia takes on Huawei in connecting laptops (Tarmo Virki/Reuters)Published: Fri, Dec 12 2008 06:55
...Discussion: Thomas Hawk's Digital …, CNET News and Susan Mernit's Blog Discussion: Thomas Hawk / Thomas Hawk's Digital Connection: Yahoo Lays Off Three Flickr Staff Members Including Designer George Oates Josh Lowensohn / CNET News: Report: Yahoo layoffs hit Flickr Susan Mernit / Susan Mernit's Blog: One last post about the Yahoo! layoffs, social media version...
See:
Yahoo,
Thomas Hawk,
CNET News,
Susan Mernit,
Flickr,
Nokia,
ReutersRealNetworks:
DivX Cuts 21 From San Diego PayrollPublished: Fri, Dec 12 2008 09:01
...DivX Shares Fall After Warning Over Split in Ad Deal With Yahoo Metabasis Closes Satellite Office in Michigan and Lays Off 35 People RealNetworks Lays Off 130, 39 in Seattle DivX Cuts 21 From San Diego Payroll Bruce V. Bigelow 12/12/08...
See:
RealNetworks,
DivX,
San Diego,
Yahoo,
Bigelow,
Bruce,
Satellite Office,
Seattle,
MichiganYahoo Inc.:
Yahoo curbs severance pay in event of a takeoverPublished: Thu, Dec 11 2008 06:48
...at $13.40. The company's revisions to the severance plan take effect immediately, but will expire in 90 days if the lawsuit settlement isn't approved by then. Yahoo is laying off 1,500 employees, or about 10 % of its work force, as part of a cost-cutting plan, but those firings weren't covered by the severance plan created for takeovers. Copyright 2008 The Associated Press. All rights reserved....
See:
Yahoo Inc.,
Associated PressDivX:
Roundup: Layoffs hit Flickr, Apple's 3D desktop, and morePublished: Fri, Dec 12 2008 11:44
...and tech - Berkeley physicist Steven Chu, along with President-elect Barack Obama's appointments to the Environmental Protection Agency, is expected to create big changes from Bush Administration policies. DivX lays off 21 - That's less than 10 percent of the video codec supplier's workforce. DivX 's stock is trading at less than a third of what it was a year ago. Online ads grow in China - In fact, some of the country's online ad companies are hoping to benfit from the economic slowdown by offering...
See:
DivX,
Environmental Protection Agency,
Steven Chu,
Flickr,
Apple,
Barack Obama,
Bush administration,
ChinaYHOO:
Ax Falls at Yahoo as Yang Notes 'Tough Times'Published: Thu, Dec 11 2008 09:43
...More stories by this author: Layoff notices were given at Yahoo today as the struggling Internet giant looks to control costs during a management transition and the downturn in the economy. Yahoo (NASDAQ: YHOO ) had announced plans to lay off as many as 1,500 employees back in October during its earnings call. The pink slips started coming today. A Yahoo spokesperson confirmed that 1,500 remains the approximate total number of those being let go -- about ten percent of the company's workforce....
See:
YHOO,
NASDAQWeyerhaeuser:
Quadrant development at standstillPublished: Fri, Dec 12 2008 12:30
...Sales and construction activity at all those sites continues, Orser said. But the number of houses the company builds each day has dropped from seven last December to three this fall. In September, the company laid off 45 employees. Orser said slow sales was just one factor in Quadrant's decision to suspend work at The Ridge at Gig Harbor. He declined to elaborate and wouldn't give sales figures for the subdivision....
See:
Weyerhaeuser,
Orser,
Gig HarborCitigroup:
Bank of America to cut up to 35,000 jobs over 3 years as part of Merrill mergerPublished: Fri, Dec 12 2008 13:13
...additional 20 percent, a situation that would require banks like JPMorgan and Bank of America to take even more write-downs on the mortgage assets they still held on their books. Citigroup , the embattled financial giant, said last month that it was laying off 52,000 employees, the largest single wave of job cuts in nearly two decades. Even Goldman Sachs, which had dodged the worst of the pitfalls of the credit crisis, has begun laying off employees ahead of what many expect will be its first quarterly loss...
See:
Citigroup,
Bank of America,
Goldman Sachs,
JPMorganVolvo AB:
Volvo to cut output of truck motors in USPublished: Thu, Dec 11 2008 11:34
...scheduled three, weeklong shutdowns of its New River Valley truck assembly plant in Dublin, Va., said James A. McNamara, a spokesman for Volvo Trucks North America. He said the company laid off about 1,000 workers there in May and hopes to avoid additional layoffs by halting production during the weeks of Jan. 5, Feb. 16 and March 9. Ghysens said no production shutdowns are planned in Hagerstown beside the traditional, two-week halt at year end and another traditional, two-week halt in the summer....
See:
Volvo AB,
James A. McNamara,
Dublin, Va,
New River ValleyNovaStar Financial Inc.:
NovaStar agrees to $7.25 million settlementPublished: Wed, Dec 10 2008 21:17
...servicing operations about 16 months ago after the subprime mortgage meltdown. Its sole remaining business is managing its portfolio of largely interest-only mortgage securities. The company has sold off or closed most of its divisions, laying off all but a few dozen of the 2,000 employees it had at the end of 2006. The consolidated securities litigation against NovaStar arose shortly after The Wall Street Journal in April 2004 reported on licensing problems the company had experienced in Nevada...
See:
NovaStar Financial Inc.,
Nevada,
The Wall Street JournalSony:
Faces of the recessionPublished: Fri, Dec 12 2008 04:00
...Read more Posted By: Marguerite Reardon Dec 9 2008 Sony to lay off 8,000 full-timers, 8,000 others Electronics and media giant plans to reduce headcount, curtail or delay some of its investment plans, and downsize or withdraw from unprofitable or noncore businesses. Read more...
See:
SonySun Microsystems:
SGI announces lay-offsPublished: Thu, Dec 11 2008 23:46
...Searches for another way to say it Tuesday, 25 November 2008, 12:14 PM Sun Microsystems to lay off 6000 souls More for the scrapheap Friday, 14 November 2008, 18:53 PM...
See:
Sun MicrosystemsVolvo:
Volvo to cut output of truck motors in USPublished: Thu, Dec 11 2008 11:34
...production shutdowns are planned in Hagerstown beside the traditional, two-week halt at year end and another traditional, two-week halt in the summer. On Wednesday, Volvo announced plans to lay off 180 employees at its Mack Trucks factory near Allentown, Pa., and extend its annual end-of-year shutdown for an extra week at that site because of slow orders. The cuts announced this week follow layoffs of more than 1,000 powertrain workers, including 65 in Hagerstown, in November. The other November job cuts...
See:
Volvo,
Hagerstown,
Mack Trucks,
Allentown,
PennsylvaniaCareerBuilder:
Recruitment Site CareerBuilder Lays Off 300Published: Thu, Dec 11 2008 11:03
...Recruitment Site CareerBuilder Lays Off 300 A bit ironic, but certainly not unexpected… Help-wanteds site CareerBuilder has cut 300 jobs-its own-mostly in its small business unit, Chicago Tribune reported. The company wouldn't tell the Trib its current headcount, though its...
See:
CareerBuilder,
Chicago Tribune
...Fareed Zakaria : Only part of the U.S. auto industry is asking for a bailout International car companies in the U.S. aren't asking for a bailout , he says Zakaria says the best reason for a bailout is it will keep jobs in place for now Editor's note: Fareed Zakaria is a foreign affairs analyst who hosts " Fareed Zakaria : GPS" on CNN at 1 p.m. ET Sundays. Fareed Zakaria says only the inefficient part of the automobile industry is asking for a bailout...
...Junior senator takes the wheel in U.S. auto aid By Karey Wutkowski Bob Corker , a first-term Republican senator, proposed on Thursday adding tougher conditions to a $14 billion auto bailout to win enough Senate votes to pass a controversial package supported by Democratic leaders and the White House. The junior Tennessee senator's proposal to amend a bill passed by the U.S. House of Representatives won the immediate backing of Senate...
...14-billion-dollar emergency loan for the car industry Wednesday night, a move that would keep General Motors Corp and Chrysler LLC out of bankruptcy at least for the coming few months. Obama, speaking at a Chicago press conference, said the automotive bail-out was vital for the US economy and urged the Senate to follow suit. "At this moment of great challenge for our economy, we cannot simply stand by and watch this industry collapse," said Obama, who has not taken an active role in the congressional negotiations....
...power with the UAW by making clear from the start that the industry would get an emergency life line if talks with Congress collapsed. - Susan Walsh /AP Photo Sen. George Voinovich , R-Ohio, speaks about the Senate's rejection of an emergency $14 billion loan bailout for US auto companies, Thursday, Dec. 11, 2008, on Capitol Hill in Washington. - Haraz N. Ghanbari /AP Photo Sen. Bob Corker, R-Tenn., speaks with members of the press following the Senate's rejection of an emergency $14 billion loan bailout...
