LayoffBlog.com

January 9, 2009

Keep your job: A 10-point survival guide

Filed under: FYI — DF @ 12:38 pm
Tags: , , , , , ,

According to CNN Money: “If layoffs, restructurings, and a foggy future at work have you rattled, try to take control of the things you can. Here’s how”:

  • Create successes for yourself.
  • Set 30-day and 60-day goals.
  • Watch your attitude.
  • Keep your network active.
  • Update your skills.
  • Make sure your work serves the larger goals of the organization.
  • For now, forget about work-life balance.
  • Take a hard look at your finances.
  • Never badmouth anyone.
  • Remember, in the knowledge economy, you are the product.

Source: CNN Money

January 4, 2009

Obama Considers Major Expansion in Aid to Jobless

According to NYTimes: “President-elect Barack Obama and Congressional Democrats are considering major expansions of government-assisted health care insurance and unemployment compensation as they begin intensive work this week on a two-year economic recovery package.”

“Other policy changes would subsidize employers’ expenses for temporarily continuing health insurance coverage to laid-off and retired workers and their dependents, as mandated under a 22-year-old federal law known as Cobra, and allow workers who lose jobs that did not come with insurance benefits to be eligible, for the first time, to apply for Medicaid coverage.

“Obama advisers have said the package will carry a total cost of at least $775 billion.

November 24, 2008

Leaks: Google To Slash Thousands of Employees

According to leaks and rumors from several online sources:

F*Startups.com: “Google will slash 1,000+ employees sometime within the next week.”

WebGuild.com: “Google has been quietly laying off staff and up to 10,000 jobs could be on the chopping block according to sources. Since August, hundreds of employees have been laid off and there are reports that about 500 of them were recruiters for Google.”

November 21, 2008

Russia: Unpaid Wages Spur Reminders of 1998

According to WSJ: “Russians have begun to feel the chill of the financial crisis, as it triggers layoffs and wage-payment delays reminiscent of the economic collapse in the late 1990s.

On Thursday, Prime Minister Vladimir Putin promised new measures, including lower corporate taxes and higher unemployment payments, in addition to an existing bailout package.

Government data show that wage arrears jumped in October to over four billion rubles ($145 million), their highest level in a year, and that firms owe back pay to 300,000 people. Economists say the real figures are likely to be higher, though far below those seen in the 1990s, when tens of millions of people were affected. Then, workers went without salaries for months on end, sparking nationwide protests.”

No layoffs in India, says AMD

According to ITExaminer: “AMD’s Indian employees can rest easy, as the company has no plans to follow up layoffs in the US with similar cuts in India.

AMD India managing director, Dasaradha Gude. said, “This is a global impact of economic slowdown, and AMD hopes to come back hard. It will affect India as well, but we are also at the hiring spree.” He added, “There are no such plans to have similar lay-offs in India.”

Top official meets rioters as China seeks stability

According to Reuters: “The governor of a Chinese province sat down with protesters after they fought pitched battles with police, a rare concession by a leader and a sign of government concerns about stability as the economy slows.

Xu Shousheng held a meeting with 10 representatives in Wudu in the poverty-stricken northwestern province of Gansu two days after the riot in which dozens were injured, state media said.”

Reuters

Riots in China

Photo: Reuters

Job cuts cast dark cloud over economy

According to CNN: “As the economic outlook worsens, job cut announcements have come in hard and fast this week from businesses across the nation.
In all, employers have announced in excess of 110,000 job cuts thus far in November – over 60,000 of which were announced this week alone. Though many of the job cuts represent global figures or won’t take place until next year, the ever-worsening job scene is an ominous sign before this month’s payroll figures are announced in two weeks.”

November 20, 2008

WaMu cuts 1,600 jobs in Bay Area

According to InsideBayArea.com: “About 1,600 Washington Mutual employees in the Bay Area — including 1,200 in Pleasanton — will lose their jobs in the coming months, a harsh economic fallout unleashed by JPMorgan Chase’s purchase of Washington Mutual this year.

Bay Area companies see more jobs cuts

According to InsideBayArea.com: “About 40 percent of Bay Area companies intend to chop jobs during the coming six months, according to a new survey of local executives released Thursday that sketches a bleak outlook for the region’s economy.
Regional business owners have now become even more pessimistic than they were in the wake of the 9/11 terrorist attacks, according to the Bay Area Council’s quarterly survey of business confidence.”

Akamai to cut 7 percent of workforce

According to CNet: “Akamai Technologies announced Wednesday that it’s cutting 7 percent of its workforce (about 110 positions), as the Web content delivery company pares back its costs.”

Crisis Monitor at Flickr: Sacramento, California

Sign Waver job only

Sign Waver job only

Photo: CrisisMonitor

Data dim hopes of Asian stability

According to International Herald Tribune: “Yin Weimin, China’s minister of human resources and social security, warned that unemployment would rise further next year and that “stabilizing employment is the top priority for us right now,” Reuters reported. It was a sign that the Chinese authorities were increasingly concerned about the potential social fallout in a slowing economy.”

 Data dim hopes of Asian stability

Data dim hopes of Asian stability

Photo: The Associated Press

Bank of New York Mellon To Cut 1800 Jobs

According to CNN Money: ” The Bank of New York Mellon Corp. (BK) will cut 1,800 jobs, or about 4.2% of its worldwide work force.

Several banks have announced huge layoffs, including Citigroup Inc. (C), which plans to slash some 50,000 jobs; Goldman Sachs Group Inc. (GS), which is cutting 10% of its 32,500 global work force; and Deutsche Bank AG (DB), which plans to cut 900 jobs.”

Associated Press to cut 10% jobs in 2009

According to Reuters: “The Associated Press plans to cut up to 10 percent of its workforce in 2009, according to sources at the news service, as it copes with tough financial times and ailing member newspapers.

The AP has one of the world’s largest news-gathering teams, employing about 3,000 journalists, and a total of about 4,100 people worldwide. The cuts could amount to about 400 employees.”

Unemployed? More help for you

According to CNN: “Congress passed legislation late Thursday to extend the period of government assistance to Americans struggling in the shrinking job market.
The bill, which was already approved by the House, is expected to be quickly signed by President Bush.
The measure helps people whose benefits have recently expired, extending benefits by seven weeks in most states and 13 weeks in states with unemployment higher than 6%.
Workers typically get 26 weeks of unemployment benefits, and it’s not uncommon for the government to extend that during economic slowdowns.”

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