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Screwed: 1,600 at McClatchy
A daily review of the employment fallout around the country and the world.
Newspaper company McClatchy Co. will trim 1,600 jobs as part of a $210 million cost-cutting plan. … Stanford Financial Group, home of alleged financial fraudster R. Allen Stanford, dismissed 1,000 employees on Friday. … In Cleveland, 750 workers were put on temporary leave while steel maker ArcelorMittal suspends operations for the foreseeable future. … At Borders Books, 742 employees were laid off. … ADT Security Services cut 500 jobs last month. … Embattled newspaper San Francisco Chronicle cut 150 workers. … About 50 employees were let go at the U.S. Olympic Committee, which has its main office in Denver. … Bank of America has withdrawn job offers to about 50 MBA students.
Read more about layoffs at the sites compiled on our layoff tracker page.
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