layoffs
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Screwed: 10,000 at Pioneer
A daily review of the employment fallout around the country and the world. 
Japanese electronics company Pioneer Corp. will cut 10,000 jobs globally to cope with sinking sales of car audio equipment and flat-screen TVs…International Rectifier will eliminate 850 jobs…
Screwed: 10,000 at GM
A daily review of the employment fallout around the country.
GM is laying off 10,000 employees this year…Royal Bank of Scotland is trimming 2,300 positions in the U.K….
The Incredible Shrinking Severance Check
When the check comes in the mail, it’s never as big as you imagined it would be. You were promised eight weeks, but the amount is closer to six.
Before your paranoia has you wondering whether you’re finally being penalized for illicit use of the office photocopier or swiping extra cream cheese packets from the cafeteria, you could try…
Newspapers Facing Death By 15,000 Cuts. Who Else?
Erica Smith, a graphics designer for the St. Louis Post-Dispatch, is a great example of someone who is applying creativity to bad circumstances.
A couple of years ago, Smith started compiling newspaper layoff reports into a mashup map that shows the toll across the country. “I can only update so many at a time without wanting to jump off the ninth floor of the building I live in,” she told the American Journalism Review.
Bloomberg’s No-Rehire Policy in Question
In the media industry, Bloomberg LP is perceived as a sort of Hotel California — once you leave, you can never come back. It’s said to be written into the manual that quitting the company prevents you from ever being rehired there. (We couldn’t procure a copy of that — if anyone wants to send that in, contact us via the Contact page.)
Laid Off? That’s Only the First Insult
It’s bad enough they take away your job, your income, and your subsidized lunch. Some companies have been handling their layoffs so ineptly, it’s offensive. And there are other insults that just come with the territory. Some examples:
1. One toymaker (toymaker!) wouldn’t let employees return to their offices after being laid off — not even to get their coats. Human resources staffers retrieved bags and jackets, and said the rest would be packed up and shipped.
Out on the Street: Time Value of Me
Each week, “Joe the Trader” will chronicle his experiences with life after Wall Street.
Modern economic theories have tried to explain the tremendous salaries that movie stars, sports heroes and corporate executives earn on the theory of rent. That is, these people have a uniqueness— or a perceived uniqueness—that allows them to charge astronomical prices, because they are the only people in the world who can do what they do.
I’ve been thinking a lot about this issue as I go about my day, meeting with ex-colleagues and visiting the kids at their mom’s. Over the past two months, my time has declined dramatically in value. My education hasn’t changed. My work experience hasn’t changed. I would certainly argue that my talent hasn’t changed. But as with the superstars, perception is reality.
Screwed: 2,110 More at Caterpillar
A daily review of the employment fallout around the country.
Caterpillar will increase previous layoffs from 20,000 to 22,110 … Corning says it will cut 13% of the workforce through the end of 2009 … Mountain View legal team Fenwick & West laid off 36 staffers and plans to freeze associate salaries for a year.
I’m Not Jobless, I’m…
…a banker/lawyer/retail executive/IT specialist/journalist/analyst who would rather not admit that I’ve been shit-canned. Some euphemisms that have been making the rounds at New York parties:
Screwed: 20,000 at NEC
Japanese electronics giant NEC Corp. will cut 20,000 workers worldwide…with sales down 24%, Eastman Kodak said it plans for 3,500 to 4,500 more layoffs…
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