Have we learned all we can from Video Professor’s free training discs? (Well, free for 7 days, then $30 every month.) Or did the professor blow all his cash on legal fees in order to bully critics and attack competitors, as techdirt suggests? Either way, the company called all its employees to a meeting last week and gave them an unpaid summer vacation. [More]
Sam’s Club, owned by Walmart, is cutting about 11,200 jobs nationwide in its stores. That’s about ten percent of the chain’s workforce. The part-time employees who currently hand out product samples and perform demonstrations will be replaced with ringers from the outside company that performs the same service in Walmart stores. [More]
CNN profiles a young family living in a Chicago suburb who have decided to carry out an experiment in frugal living—they want to see if they can reduce their expenses enough to get by on about half of what they made before the wife and sole breadwinner was laid off earlier this summer.
Housekeepers at three Hyatt hotels in Boston made over $15 an hour and had benefits like 401(k) retirement plans and health insurance. On August 31st, Hyatt laid them off en masse—after first having them train their replacements under the guise of creating a holiday fill-in staff—and turned the housekeeping duties over to an outside firm.
The number of new unemployment claims filed nationwide was down to only 570,000 last week, but consumer confidence is at a four-month low. Maybe that’s because newsworthy layoffs continue, including Whirlpool announcing that they will cut 1,100 full-time positions in the U.S., located in Evansville, Indiana.
The story of consumer columnist George Gombossy‘s departure from the Hartford Courant has become a “he said”/”company said” argument that seems like something out of a consumer affairs column. Was Gombossy let go for reporting on an advertiser, as he alleges, or was the elimination of his position simply part of the cutbacks taking place all over the Tribune Company?
If you’re worried some financial cataclysm will knock you into a miserable life situation, why not jump the gun and start slumming it to anticipate the meltdown? MSN Money writer Donna Freedman advises such a maneuver, along with other pre-emptive strikes against destitution.
One of the programs of the American Recovery and Reinvestment Act is COBRA Continuation Coverage Assistance. It helps people who have lost their jobs pay the sometimes hefty premiums for continued health insurance coverage, paying 65% of their premium. The program started in February, and Renee was enrolled right away. This month she was billed for her full premium again with no warning.
Rob lost his job, but kept the company credit card. Well, not so much the card, but the unpaid balance that went with it. As Rob’s employer stopped cutting him paychecks, it also stopped making payments on the account as well, and the creditor started hounding Rob, who wrote in to syndicated columnist Todd Ossenfort.
If you were recently laid off, you can get a free FranklinCovey day planner this Saturday, March 21st, by showing up at a participating store and giving the name of your former employer and the date you were let go. [FranklinPlanner.com] (Thanks to Anne!)
Starbucks announced today that they will be laying off 870 assistant store managers and not filling 530 vacant positions. In addition, 500 non-store positions will also be eliminated. Read the memo inside.
Richard O’Connor, the Vice President of Marketing for Aetna, might want to rethink how his department handles its customer retention program in this economy, particularly when it comes to telling people that they’re still valued even though they’ve been let go. Chris received just such a letter today, and now the VP of his company’s HR department is trying to figure out why Aetna fired Chris.