LayoffBlog.com

April 22, 2009

Freddie Mac acting CFO found dead in apparent suicide

David Kellermann, the acting chief financial officer of Freddie Mac was found dead at his home Wednesday morning in an apparent suicide, according to published reports.

His death comes as staff from the Securities and Exchange Commission and Justice Department have been probing the finance company about issues including possible accounting violations, The Wall Street Journal reported.

Source: MarketWatch

April 21, 2009

Laid-off mother claims Lotto jackpot

Filed under: FYI — 7macaw @ 6:00 am
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A mother of 3 who lost her job last year in the hard-hit northern Indiana city of Elkhart is collecting $1.9 million from a Hoosier Lotto jackpot.

Shantay Britman, 35, of Elkhart said she was due to start a job next month but instead will take the summer off before resuming classes toward a general studies degree at Indiana University-South Bend.

Source: Fox28, Chicago Tribune

April 17, 2009

California will be starved for college-educated workers to fill available jobs

Filed under: California,Education,FYI — 7macaw @ 10:55 am
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Even though the economy has taken a nose dive and job hunters are out in force, researchers say that by 2025 California will be starved for college-educated workers to fill available jobs.

In fact, the state will need about a million more college-educated workers than it’s expected to have – a shortage that will lead to a lower standard of living in California and more people needing social services, according to a new report by the Public Policy Institute of California.

The report predicts that 41 percent of workers will need a college diploma (4 in 10 jobs will require one), but only 35 percent of working-age adults will have the necessary degree.

Source: San Francisco Chronicle

April 7, 2009

NC employed, unemployed may both face no insurance

North Carolina’s unemployment rate reached 9.7 percent in January and it is likely to keep climbing for the rest of this year, which means the employer-subsidized health insurance coverage is going to be cut for tens of thousands of workers.

But thousands more who still work may lose their insurance anyway as small businesses have to choose between offering health care or laying off employees. Other workers may see deductibles rise so high they’ll only be able to use their insurance for catastrophic emergencies.

~News submitted by upthecreek

Source: CNBC

Some companies avoid layoffs, trim costs elsewhere

Filed under: FYI — 7macaw @ 11:51 am
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Even as the recession cuts deeply into their revenue, some companies are opting to do the unconventional. They’re keeping all their employees and finding other ways to trim costs.

For example, profits at Costco Wholesale Corp. are down 27 percent from a year ago, but the discount store has not laid anyone off. The only workers let go have been holiday seasonal hires.

Economists say it’s a wise move for some companies to keep their workers and cut elsewhere. “If you overshoot on the downside and lay off workers, it puts the company at a disadvantage when the economy comes back to life,” said Sean Snaith, economics professor at the University of Central Florida.

~News submitted by upthecreek

Source: The Salt Lake Tribune

CEOs expect more job cuts through year end

Nearly three-quarters of CEOs in the Business Roundtable expect to cut workers in the next six months as sales sag, a survey showed Tuesday, suggesting further deterioration in the job market is likely at least through the end of the year.

Seventy-one percent of CEOs said they expect to cut workers in the next six months, up from 60% from November, when the quarterly survey was last conducted, and the most since the survey began at the end of 2002, the Business Roundtable said. Twenty-one percent expect to keep payrolls unchanged, while 7% said they plan to add workers.

Source: USA Today

April 4, 2009

NY gunman angry over poor English skills, job loss

The man who police say killed 13 people in a shooting rampage at an immigrant community center was depressed and angry over losing his job and about his poor English skills, officials said Saturday.

Police Chief Joseph Zikuski told NBC’s “Today” that people “degraded and disrespected” the gunman over his poor English. Mayor Matthew Ryan, speaking on ABC’s “Good Morning America,” said the man, believed to be 42-year-old Vietnamese immigrant Jiverly Voong, was angry about his language issues and his lack of employment.

Source:

April 2, 2009

Job cuts down 19.3% in March

The number of planned job cuts announced by U.S.-based employers fell 19.3 percent to 150,411 in March, according to a report by Challenger, Gray & Christmas Inc.

The number of announced layoffs had dropped 23 percent to 186,350 in February, said the global outplacement firm, meaning that March numbers mark the first two-month decrease in job cuts since February to March 2007.

Source: Austing Business Journal

April 1, 2009

Companies requesting 100 or more H-1B visas in FY 2008

Filed under: FYI,H1B — 7macaw @ 6:42 pm
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The Wall Street Journal today has an interesting article regarding the number of H-1B workers in the US.

There’s also a list of companies who had 100 or more H-1B petitions approved in fiscal year 2008. Indian consulting companies appear to get most of the visas.

INSTANT VIEW: U.S. private sector job losses rise in March

U.S. private sector job losses accelerated in March, more than economists’ expectations, according to a report by ADP Employer Services on Wednesday.

ADP said private employers cut 742,000 jobs in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs. Economists had expected 655,000 private-sector job cuts in March, according to a recent Reuters poll.

Source: Reuters

March 31, 2009

Walgreens clinics to offer free medical care for laid-off workers

Filed under: FYI,Healthcare,US — 7macaw @ 8:41 am
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Walgreens and Take Care Health Systems on Tuesday launched an initiative to offer free health care services to all of its current and future patients who lose their jobs after March 31 and have no health insurance.

The Take Care Recovery Plan offer applies to most services currently provided at the Take Care Clinics.
The plan includes treatment of:

• Respiratory Illnesses, such as colds, sinus infections, bronchitis and strep throat.
• Common Conditions, such as seasonal allergies and pink eye.
• Skin Conditions, such as dry skin, poison ivy, minor skin infections and burns.

Source: Atlanta Business Chronicle

March 28, 2009

Double-digit unemployment hits 7 states

Filed under: FYI,US — 7macaw @ 7:11 am
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Seven states posted unemployment rates above 10 percent in February, according to seasonally adjusted figures released Friday morning by the U.S. Bureau of Labor Statistics.

Michigan registered the nation’s worst rate, with 12 percent of its labor force out of work as of February 2009.

Also in double digits were South Carolina (11 percent), Oregon (10.8 percent), North Carolina (10.7 percent), California (10.5 percent), Rhode Island (10.5 percent), and Nevada (10.1 percent).

Source: Dayton Business Journal

March 26, 2009

U.S. Jobless Rolls Increase to Record 5.56 Million

Filed under: FYI,unemployment,US — DF @ 1:06 pm
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According to DOL, Bloomberg: “The number of people collecting U.S. jobless benefits rose to a record 5.56 million, indicating more Americans are spending longer periods out of work. Initial claims topped 600,000 for an eighth straight time.

Total benefit rolls jumped by 122,000 in the week ended March 14, from 5.44 million the previous week, the Labor Department said today in Washington. Initial jobless applications last week rose 8,000 to 652,000, in line with forecasts.”

Hurt by Economy, Europeans Vent Their Anger

Filed under: FYI,UK,worldwide — 7macaw @ 7:16 am
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Tempers are flaring across Europe as the economic pain deepens and more people lose their jobs.

Luc Rousselet, the manager of a 3M factory in France, was barricaded in an office for a second day by workers demanding better severance packages for 110 employees who are being laid off.

In Scotland, vandals smashed at least three windows on the ground floor of Fred Goodwin’s (the former chief executive of the ailing Royal Bank of Scotland) house in an affluent suburb of Edinburgh and damaged a black Mercedes S600 parked in the driveway. Mr. Goodwin was not in the house at the time and no one was hurt, but the incident alarmed Britain’s business community.

The author of an e-mail message sent anonymously to a local newspaper on Wednesday claimed responsibility for the damage and said: “We are angry that rich people, like him, are paying themselves a huge amount of money and living in luxury while ordinary people are made unemployed, destitute and homeless.

Source: New York Times

March 25, 2009

Klamath Falls offers free college courses for laid-off workers

Filed under: FYI,unemployment,US — 7macaw @ 10:14 am
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Oregonians who lost their full-time jobs any time since Oct. 1, 2008, are eligible to take free college courses during the spring term. The catch is the colleges are in Klamath Falls.

The Oregon Institute of Technology and Klamath Community College have put together a Spring Free program for people who have recently lost their jobs for lack of work. Spring Free allows a limited number of laid off workers to take classes on a space-available basis.

Classes start next week.

Source: Portland Business Journal

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