| 40,000 Layoffs at the POST OFFICE!!! - 60 sec
That's a good chunk of the few high paying jobs left in the U.S. It will have an impact. Attrition won't take care of it, they are planning to do away with day shift in order to force the early retirements. People with the most seniority work the better hours, days. If enough of them refuse to work evenings or nights then maybe they will retire or so the plan goes. Also there is a plan to eliminate Saturday delivery. They have wanted to do away with carriers all together and hire outside contractors to do it ala Manpower and other temp services. Imagine the kind of service you will get from someone making close to minimum wage. It takes time to learn routes and therefore provide reliable service, with temp agencies you may end up with a new carrier every few months.
http://www.ksla.com/Global/story.asp?S=9247633
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Auteur : george4title
Tags: Going Postal Fired layoffs extraordinary unbelievable watch out be careful commentary analysis
 | | Midwest Airlines Layoffs - 119 sec
Midwest Airlines will be laying off jobs.
Auteur : wisn
Tags: Airlines Flying Airport Layoffs
| | Billionaire Investor Sees 'Shakeout'; Biggest Banking Layoffs; Writedown & Credit Losses - 337 sec
Billionaire investor Soros sees 'shakeout' in hedge funds; Analysis by Ron Collard of PricewaterhouseCoopers Partner
Auteur : Bloomberg
Tags: Business Bloomberg News Personal Finance Credit Debt
| | Lehman Brothers Layoffs, America in Financial Crisis - 401 sec
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Ron Williams 404-797-2735
skype: ron-williams Employees at Lehman Brothers trudged into work yesterday terrified they would be next to join the thousands of bankers in recent months who, after receiving a dreaded call from their human resources department, never returned to their desks. Abundant living system als the abundant living system tlcs epic wealth system spirit of wealth
"Two people were let go in our group this morning, and from what I can tell, it isn't close to being over," one Lehman Brothers employee based in New York, who did not have authority to speak on the record, said. "There are no grand goodbyes, it's more like the HR ... just comes in and the next thing you know, they are gone."
Yesterday marked the start of the latest round of layoffs for the fourth-largest American securities firm by market value, with some 1,400 jobs expected to be cut. This is on top of the 5,000 jobs the firm has already eliminated in the past 10 months.
The pink slips came on a day when a Citigroup analyst cut Lehman Brothers' earnings estimate for the second quarter to $0.05 a share from $1.66 a share, sending the stock down 1.95% to $42.79. "While the environment seems to have improved considerably in May, it will not offset the considerable weakness in March and April," the analyst, Prashant Bhatia, wrote in a note to clients. He also cut earnings estimates for Goldman Sachs Group and Morgan Stanley.
Lehman Brothers, which employs 28,080 people in America as of the first quarter, declined to comment on the job cuts. The layoffs are expected to affect all divisions of the company across the globe, although there will be a few areas that will be spared, including groups working to expand the bank's presence in Asia, the commodities capital markets groups, and some emerging markets.
The decision to cut jobs is a departure from the bank's strategy following the dot com bust, when Lehman Brothers embarked on a hiring spree. * Google News: Lehman Brothers Layoffs * Topix: Lehman Brothers Layoffs * CNNMoney: Lehman Brothers to cut down mortgage lending business (January 17, 2008) * TheStreet.com: Lehman Cuts Mortgage Jobs (January 17, 2008) * Bloomberg.com: Lehman Brothers to Cut 1,300 Jobs in Mortgage Unit (January 17, 2008) * MarketWatch: Lehman Brothers cuts back mortgage lending further (January 17, 2008)
Lehman Brothers Layoffs - Mahalo
For Lehman, More Cuts and Anxiety - NYTimes.com
LAYOFFS LOOM LARGE FOR 1400+ AT LEHMAN - New York Post
Lehman Layoffs - Financials * US * News * Story - CNBC.com
WNYC - News - More Layoffs at Lehman Brothers
Lehman, JPMorgan plan layoffs -CNBC | Reut abundant living system ron willams 404-797-2735 http://www.littleguybigbucks.com
Auteur : camillaga
Tags: lehman brothers wamu abundant living system fanny may freddy mack tocs tcls
| | Postal Service may be facing layoffs - 159 sec
US Postal officials in Spokane say they are now trying to do more with less by looking for places to cut everything from electricity to possibly even employees. KXLY4's Tori Brunetti reports.
Auteur : KXLY
Tags: kxly spokane postal service usps layoffs economy
| | Sprint Plans 'Gradual Layoffs' - 113 sec
The weakening economy is having an impact on Sprint Nextel Corp., based in Overland Park, Kan.
http://www.kmbc.com/news/17742305/detail.html
Auteur : kmbctv
Tags: KMBC Overland Park Kansas Sprint Nextel employee layoffs jobs employment economy
| | The Matrix Layoffs - 237 sec
Agent Smith and Morpheus have an awkward conversation...
Auteur : fultron89
Tags: matrix morpheus fultron89 spare time productions layoffs redubbed audio
| | Circuit City Closing Stores | Layoffs Without Severance - 36 sec
http://www.circuitcity-liquidation.com
About 150 stores close in competitive market regions.
Auteur : 2janj
Tags: circuit city closing close liquidation sale fired massive layoff
| | Middle Class Credit Crunch: 2008 Middle Class Layoffs - 125 sec
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Credit crunch forcing US middle classes to live in their cars
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ReviewJournal.com - News - LAYOFFS, FEWER HOURS: Slowdown lands on
Auteur : Dprosperityman
Tags: middle class credit crunch layoffs 2008 got laid off president obama money
| | Layoffs At Lehman Brothers- Lehman Brothers Crash - 199 sec
http://www.YourFatPockets.com
Employees at Lehman Brothers trudged into work yesterday terrified they would be next to join the thousands of bankers in recent months who, after receiving a dreaded call from their human resources department, never returned to their desks.
"Two people were let go in our group this morning, and from what I can tell, it isn't close to being over," one Lehman Brothers employee based in New York, who did not have authority to speak on the record, said. "There are no grand goodbyes, it's more like the HR ... just comes in and the next thing you know, they are gone."
Yesterday marked the start of the latest round of layoffs for the fourth-largest American securities firm by market value, with some 1,400 jobs expected to be cut. This is on top of the 5,000 jobs the firm has already eliminated in the past 10 months.
The pink slips came on a day when a Citigroup analyst cut Lehman Brothers' earnings estimate for the second quarter to $0.05 a share from $1.66 a share, sending the stock down 1.95% to $42.79. "While the environment seems to have improved considerably in May, it will not offset the considerable weakness in March and April," the analyst, Prashant Bhatia, wrote in a note to clients. He also cut earnings estimates for Goldman Sachs Group and Morgan Stanley.
Lehman Brothers, which employs 28,080 people in America as of the first quarter, declined to comment on the job cuts. The layoffs are expected to affect all divisions of the company across the globe, although there will be a few areas that will be spared, including groups working to expand the bank's presence in Asia, the commodities capital markets groups, and some emerging markets.
The decision to cut jobs is a departure from the bank's strategy following the dot com bust, when Lehman Brothers embarked on a hiring spree.
* Google News: Lehman Brothers Layoffs
* Topix: Lehman Brothers Layoffs
* CNNMoney: Lehman Brothers to cut down mortgage lending business (January 17, 2008)
* TheStreet.com: Lehman Cuts Mortgage Jobs (January 17, 2008)
* Bloomberg.com: Lehman Brothers to Cut 1,300 Jobs in Mortgage Unit (January 17, 2008)
* MarketWatch: Lehman Brothers cuts back mortgage lending further (January 17, 2008)
Lehman Brothers Layoffs - Mahalo
For Lehman, More Cuts and Anxiety - NYTimes.com
LAYOFFS LOOM LARGE FOR 1400+ AT LEHMAN - New York Post
Lehman Layoffs - Financials * US * News * Story - CNBC.com
WNYC - News - More Layoffs at Lehman Brothers
Lehman, JPMorgan plan layoffs -CNBC | Reuters
Auteur : Dprosperityman
Tags: lehman brothers layoffs Markets plunge in Lehman fallout financial services
| | More Layoffs - 374 sec
More Layoffs Hillary Kucinich obama Biden Mccain Palin Richardson Giuliani Bush Keith Olbermann romney Huckabee Hunter Paul Tho Iowa New Hampshire Florida Earth Quake Wild Fire Hillary Dodd Edwards Gravel Kucinich Obama Richardson Al Gore Florida Lindsay Lohan Beyonce Biography Love Romance Love Romance Jennifer Lopez Puff Daddy Christina Christina Aguilera Interviews
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Auteur : rudygal333
Tags: More Layoffs Hillary Kucinich obama Biden Mccain Palin Richardson Giuliani Bush Keith Olbermann romney Huckabee Hunter
| | Inside Look: Layoffs Climb to 3-Year High - 421 sec
Helping the Labor Market - Interview with AFL-CIO Chief Economist Ron Blackwell; Employers Slash 236K Jobs in September, More Layoffs Expected; Asset Bubbles Change Business Cycle; Investing in Infrastructure
Auteur : Bloomberg
Tags: Economy Careers Occupation Government Politics Law Legal Issues Personal Finance Editors Pick Mortgages Real Estate International
| | Companies Not Conducting Widespread Layoffs; U.K. Employers Reporting Negative Hiring Outlook; Weaker Job Prospects In Finance & Business - 257 sec
Companies not conducting widespread layoffs little appetite to add staff; U.K. employers reporting most negative hiring outlook since 1992; Weaker job prospects in finance & business sector across Europe; Analysis by David Arkless of Manpower Inc
Auteur : Bloomberg
Tags: NYSE:MAN Business News bloomberg tv television
| | Layoffs May Be Coming To Gilroy City Workers - 182 sec
Dozens of city employees are getting the bad news that they may be losing their jobs as Gilroy tries to deal with a $6 million budget deficit.
Auteur : ksbwtv
Tags: KSBW Layoffs Gilroy City Workers
| | IBM Layoffs In Vermont - 117 sec
IBM in Vermont has cut over 100 jobs, but says it is just a single event.
Auteur : wptz
Tags: IBM Layoffs
| | India Inc warns of more layoffs - 80 sec
Corporate India's top leaders got together at three-day 'Indian Economic Summit' on Sunday and have warned of a bad situation becoming worst if the government doesn't take action. If companies need to survive they don t have an option. So they will have to cut some jobs to ensure they can retain some jobs, said A M Naik, chairman, Larsen and Toubro.
Auteur : ndtv
Tags: CII jobs India Inc layoffs NDTV 24x7
| | Layoffs Are Good! - 59 sec
Think layoffs are bad? Wrong. TheStreet.com's Debra Borchardt explores why layoffs can be a positive sign in an ailing economy.
Auteur : TheStreetTV
Tags: layoff job fired bankrupt how to find employment
| | Xerox Layoffs Affect OKC Workers - 83 sec
The decision to shut down a toner plant in OKC will eliminate 100 jobs.
Auteur : kocotv
Tags: xerox oklahoma city plant closing koco.com
| | Bear Stearns Layoffs- Bear Stearns Downfall - 236 sec
http://www.WealthSuperSystem.com
The deal to rescue Bear Stearns, done at the behest of the Federal Reserve and the U.S. Treasury Department, represents the stunning downfall of one of Wall Street's biggest and most storied firms.
Bear Stearns had weathered the vagaries of the markets for 85 years, surviving the Great Depression and a dozen recessions only to meet its end in the rapidly unfolding credit crisis now afflicting the U.S. economy.
Wall Street was stunned by the news.
"This is like waking up in summer with snow on the ground," said Ron Geffner, a partner at Sadis & Goldberg and a former enforcement lawyer at the Securities and Exchange Commission. "The price is indicative that there were bigger problems at Bear than clients and the public realized."
Reflecting Bear Stearns's dire straits, JPMorgan agreed to pay only about $270 million in stock for the firm, which had run up big losses on investments linked to mortgages. That represented a mere $2 a share to buy all of Bear - less than one-tenth the company's market price Friday.
When investment banks plan to lay off employees, they tend to not send out press releases, and Bear Stearns is no exception. Once the news of such a plan leaked this week, the company confirmed details to a few reporters, but keeping a low profile is the way the Wall Street investment banks and brokerages tend to do business. You can bet other investment houses are planning job cuts too, even if they don't announce it publicly.
After all, with the IPO market dead, and revenues from mergers and acquisitions disappointingly small compared with last year's, investment banks are missing two major sources of revenue. This is a problem for top-tier "bulge-bracket banks" such as Goldman Sachs and Morgan Stanley Dean Witter, but it's even tougher on the mid-level banks, which tend to lose market share to the big guys in times of market slowdowns.
Bear Sterns said Tuesday that it would lay off some 400 people, or about 3.6 percent of its workforce. Most of the layoffs will be in the information-technology group. The company said that it expects to take a charge of $8 million for the first quarter, but that it hopes the cuts will save $30 million. Most of the employees who are losing their jobs were informed on Tuesday.
What's different about Bear Sterns layoffs is that the bank has done no huge takeovers lately, nor has anyone else taken it over. Acquisitions mean people expect layoffs, as in the major takeovers that were announced last year ? Chase (JPM) 's acquisition of J.P. Morgan, the acquisition by UBS (UBS) of PaineWebber, and the Credit Suisse Group (CSGKY) purchase of Donaldson, Lufkin & Jenrette. Chase has almost finished with the 5,000 layoffs in planned upon its takeover of J.P. Morgan.
But layoffs at investment banks in the absence of merger activity could be a sign that things are really slowing down. Bear Sterns, however, says the downsizing is not due to market conditions but came about because the investment bank has been trying to cut costs for the past six months. The company acknowledged that it is highly unusual to do such sweeping layoffs.
Don't expect to hear any formal announcements from the bulge-bracket banks, but do expect to see a lot of people out of work if the market stays as dead as it is now.
"There is going to be blood on the streets, and it will come from the tech bankers," said a bank analyst who declined to be named.
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Deal Journal - WSJ.com : Bear Stearns: Can Its Investment Bankers ...
DealZone » Blog Archive » Layoff letters go out to Bear Stearns ...
Bear Stearns sale bodes more ill for NYC economy - MarketWatch
Bear Stearns Layoffs Cast Shadow on the Street : Vault Career ...
DealZone » Blog Archive » Layoff letters go out to Bear Stearns ...
Bear Stearns CEO May Remain as JPMorgan Rainmaker - Financials ...
BEAR MAY HAVE LIVED - New York Post
Deal Journal - WSJ.com : Bear Stearns: Can Its Investment Bankers ...
Auteur : Dprosperityman
Tags: bear stearns layoffs financial downfall federal reserve jim cramer robert kyosaki
| | Chinese Oil Workers Resist Mass Layoffs - 124 sec
NCHOR:
Our reporters recently spoke with a couple of the employees who were laid off from two of China's biggest oil companies. Here's more on the story.
STORY:
In 2000, the New York Times reported that most of the one million employees of China's National Petroleum companies were likely to be laid off, following
PetroChina's entry into the market. Sinopec, originally aimed to lay off almost 200,000 workers between 2001 and 2005.
A worker's rights representative from Xinjiang province, Umar Jiang says the total number of laid off employees could be even higher.
[Umar Jiang, Staff Representative]: Quote 3
"PetroChina, and the Sinopec Group laid off a total of 800,000 people. A lot of people are struggling on the edge of poverty. Many of them cannot afford to go to the hospital when they are ill and have no money to send their kids to school."
Recently the workers stopped appealing directly to the government and started to take legal action. But the collected signatures fell into the hands of the local government. The people who had signed have received retaliation, and many were forced to withdraw from the proceedings.
Umar Jiang from Xinjiang Province represents some of the former employees. In a phone interview he said that many people gave up appealing, after being punished by their new employers.
[Xiao Yishan, China Oil Staff Representative]: Quote 1
"Appealing cannot solve the problem. They have been playing games with us. We have continuously discovered new local oil blocks, and there aren't enough people to fill the jobs yet. They need large numbers of people."
Xiao Yishan also said that they are being closely monitored. Recently, the representatives of laid-off employees throughout the country sent a fast-post letter to Beijing, which included the list of the staff members' names who had agreed to the proceedings.
[Umar Jiang, Staff Representative]: Quote 2
"... many staff who had signed the document and the name list, have received retaliation. Their basic benefits were abolished, and some of them had their wages taken away by their company."
NTD, New York
Auteur : NTDTV
Tags: ntdtv china Oil resistance
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