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Archive for July, 2009

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Screwed: 1,000 at Oracle

By Jessica Sirkin ⋅ 10:20 am July 3, 2009 ⋅ One comment

A daily review of the employment fallout around the country and the world.

screw 150

Today’s partial total: 3,782

Oracle plans to cut 1,000 jobs in Europe… Austrian Airlines is set to layoff 1,000 employees by mid-2010… CPS is laying off 557 workers… The Oxford County Council in England’s Oxford County plans to cut 500 jobs… Ford is planning to layoff 275 Louisville assembly workers, less than originally planned… Teleperformance USA is laying off 250 employees from a call center in Akron, Ohio… The Venetian, one of the big names of the Las Vegas strip, is set to 200 jobs…

Recession Bullies at Work

By Stephanie Miles ⋅ 2:46 pm July 2, 2009 ⋅ 3 comments

fish-tank_150If you’ve been feeling picked on at work lately, you’re hardly alone. The Associated Press reports that workplace bullying is on the rise thanks to the recession, due in part to how difficult it can be to find a new job in a tight economy.

And while workplace bullies may not be stealing your homework or your lunch money, the mental pain they can inflict is often much worse in the long term, according to Workplace Bullying Institute director Gary Namie, who defines the practice as any verbal abuse, humiliation, career sabotage, or intimidation an employee may experience in the office.

So what should you do if you’re feeling bullied at work? Namie offers some advice …

Love in the Time of Layoff: First Money, Then Love

By the Editors ⋅ 12:33 pm July 2, 2009 ⋅ 2 comments

marriage-love-money-relationships-200They say you’re never supposed to talk about money, but in the recession, it’s kind of hard not to. Despite a growing savings rate, there has been massive income loss and a dramatic devaluing or even obliteration of assets. For a lot of us, money is forefront and ever-present on our minds.

But should you bring it up in relationships? Absolutely, say CPAs, therapists, love coaches and relationship experts. In marriages, money has always been the number one cause of tension, regardless of whether we’re rolling in it or dining on Ramen noodles…

Recession Obsession: Forever 21

By Sara Clemence ⋅ 10:18 am July 2, 2009 ⋅ 6 comments

forever-21-blue-chiffon-dress-200I wouldn’t mind being 21 again, to see what it’s like through wiser eyes and maybe correct some of my youthful screwups. But I don’t think I could take it for more than a few days. On the other hand, I could spend a week in Forever 21.

During the boom, when some fashionable friends started pushing the teen store as a source of cheap, trendy duds, I popped my head into New York’s Union Square location. It was loud and so packed with adolescents I didn’t even check out the merchandise. “I like to shop with grownups,” I said.

But when the recession rolled my clothing budget back to where it was when I was 16, I took another look at Forever 21—and discovered its discount charms. The shop is a great source of sexy summer dresses, shorts and accessories…

Recession Briefing 7.2

By David Hirschman ⋅ 9:45 am July 2, 2009 ⋅ One comment

What you need to know today to survive and thrive in the recession.

harvardGripped by the worst economic crisis in its history, Harvard University is in deep financial trouble, and no one can decide who’s to blame. (Vanity Fair)

Across the country, summer camps have reported drops of 10% to 20% in enrollment. (TIME)

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent. (Associated Press)

Screwed: 1,400 at Gannet Co.

By Olga Tchoumak ⋅ 9:30 am July 2, 2009 ⋅ One comment

many small screws 150A daily review of the employment fallout around the country and the world.

Today’s partial total: 3,479

In another round of layoffs newspaper publisher Gannet Co. will be laying off 1,400 within the next few weeks… Spirits maker Diageo PLC. is laying off 900 workers as part of its restructuring efforts in Scotland… Virgin Atlantic plans to cut 600 jobs, losing about a tenth of its workforce… Briggs Stratton will layoff 43o Wisconsin employees by mid next year… Acushnet Co., one of the largest patent holders in Massachusetts, is laying off 77 employees in its golf ball plants…

Adventures in Babysitting

By Jessica Sirkin ⋅ 2:54 pm July 1, 2009 ⋅ 11 comments

dreamstime_crying_babyIf you want to find a babysitter in New York, you can go to myJambi.com, enter your specific needs and get an instant list of qualified sitters who match your criteria. You can check out their profiles and read reviews and ratings by other parents. Or, if you want a plumber in Chicago, a landscaper in Portland, or a Web designer in Santa Fe, myJambi can help out with that, too.

But myJambi, a three year old New York-based company, has only its three founders to turn to when a job needs getting done these days.

Poised for serious growth only a matter of months ago, those plans are now on hold. The company’s five full-time employees were let go. Big plans to expand into numerous service categories are being honed to a handful, with a big emphasis on babysitting. And the number of cities it serves has also been greatly pared back. Meanwhile, the company’s three co-founders, who had graduated to managerial roles, are now back to the grunt work of coding, design work and trafficking ad orders…

Madoff’s Celebrity Marks: Where Are They Now?

By Angus Loten ⋅ 12:53 pm July 1, 2009 ⋅ Post a comment

madoff-200There’s never a good time to lose a million dollars, let alone tens or hundreds of millions of dollars. And for most of Bernie Madoff’s victims — many of whom lost their life’s savings and are now being forced out of retirement or into a second job in the midst of the worst labor market in generations — a 150-year sentence isn’t a day too long for this seemingly remorseless swindler to be kept behind bars.

Still, some victims are in better shape than others. Among Madoff’s celebrity clients, a lucky few are already on pace to recoup their financial losses by the end of the year, while still others may never recover. Here’s a who’s who list of Madoff’s higher profile marks and how they’re likely to fare in the days ahead…

Budget Beauty: Home Economics and More

By Stephanie Miles ⋅ 10:42 am July 1, 2009 ⋅ 3 comments

beauty-cosmetic-nail-polish-150The fact that we’re in a recession is no excuse for looking poorly groomed and shabby these days. After all, when else are you ever going to have this much time to obsess about your looks? Certainly not once you’re back to being employed and locked inside a cubicle 10 hours a day.

From beauty store discounts to “recessionista specials” at some of New York’s poshest salons, the opportunities to look good for less are endless during this economic downturn, so long as you know what you’re doing, when to splurge, and where to find the best deals.

A roundup of some of our favorite tips and tricks…

Screwed: 2,500 at Detroit Public Schools

By Jessica Sirkin ⋅ 9:31 am July 1, 2009 ⋅ One comment

A daily review of the employment fallout around the country and the world.

screw 150

Today’s partial total: 7,700

Detroit Public Schools are cutting 2,500 jobs…Lloyd’s Banking Group Plc, England’s biggest mortgage lender, is laying off 2,100 employees in their Group Operations and wholesale banking divisions…3M has plans to let go 1,000 workers…Russian company VTB Group may layoff as many as 1,00 employees…Swedish firm SKF has plans to layoff 900 workers …Japanese company Canon is cutting 700 jobs…Washoe County in Reno, NV is letting go 300 people…

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