Employers shed 240,000 more jobs in October, the government reported Friday morning, the 10th consecutive monthly decline and a clear signal that the economic slowdown is troubling households and businesses.
Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn ( 40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.
Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record.
Circuit City Stores may close at least 150 stores in a maneuver to avoid sliding into bankruptcy, according to reports.
In the event of redundancy, as an employee, there are laws in place to offer some
Yahoo is set to cut 3,500 jobs by the end of the yearI work in the finance org at Yahoo and have learned that the layoff date is Dec.
Rumours of layoffs and management reshuffles at Tesla Motors - maker of the famous but as-yet-scarce Roadster electrosupercar - have been confirmed.
Most U.
PepsiCo Inc.
Even in good times, Jones' attempt to enter the canned-soda market would have been ill-advised.
Swiss bank UBS AG will cut 2,000 jobs at its troubled investment banking unit, most of which will be lost in the U.
Foodmaker Kraft Foods Inc.
The 1,000 jobs cut by eBay Monday begged the question, who's next? Beleaguered Yahoo!, which spent six months fending off a takeover bid from Microsoft, is said to be mulling a few thousand layoffs.
Barack Obama today proposed a plan of tax cuts and loans for small businesses hurt by the current credit crisis, a temporary program he said is needed to help Main Street and complement what has already been done for Wall Street.
Thousands of jobs have been lost in the North East as struggling companies are hit by the credit crunch, the Chronicle can reveal today.
The United States economy lost 159 000 jobs in September, the worst month of retrenchment in five years, enhancing fears that an already pronounced downturn had entered a more painful stage that could last well into next year.
The Australian economy will not be protected from the worsening global financial crisis, with forecasts of 300,000 job losses as sectors of the economy plunge into recession.
More than 700 nursing posts are under threat in Northern Ireland as part of wider plans to cut almost 2,500 health service jobs over the next three years.
Ford-owned carmaker Volvo Cars said Wednesday it will slash more than 13 percent of its work force because of falling global demand.
A Whirlpool Corp.
Today's report of another 159,000 lost jobs confirms what America's working men and women have understood for months: Our nation's economy is on the wrong track.
The planned layoff of nearly 1,100 employees in the Dallas school district began Thursday, with the cutting of 150 non-contract employees and the elimination of 100 vacant positions.
Beleaguered U.
Chicago Mayor Richard Daley is cutting nearly 240 jobs by combining several departments as the city continues to try to close a multimillion dollar budget hole.
To get its projected $5 billion per year in merger savings on the Wachovia Corp.
Canada's unemployment rate was unchanged at 6.
The US benchmark index Dow Jones Industrial Average has plunged to its lowest level in five years, amid negative market sentiments in the world economy and some analysts predicting that recovery could take a long time.
October job losses hit a 14 year high