While it was no doubt a shock for 40,000 ITT Technical Institute students to learn they no longer had a place to pursue their education, 8,000 employees of the company also lost their jobs. Now some of those laid-off workers have sued for-profit operator ITT Educational Services for failing to give them adequate notice their jobs would be eliminated. [More]
As part of its continuing efforts to streamline costs and transform into a newer, leaner company after emerging from bankruptcy, a new report says American Apparel has slashed hundreds of jobs in its Southern California home recently, and may make some clothing outside of Los Angeles as part of an overall redesign of the production process. [More]
It appears that Staples is adhering to the adage, “hope for the best, prepare for the worst,” when it comes to their challenged billion-dollar merger with rival Office Depot. This week, the retailer took steps to streamline its operation, changing its management team and reportedly laying off hundreds of employees at its headquarters. [More]
Sprint’s recent promotions, including “iPhone for Life” and the promise to cut customers’ bills from other carriers in half have helped the fourth-place carrier, gaining it 500,000 new postpaid subscribers even accounting for customers who have left. The company is responding to the good news by laying off 2,000 customer service representatives in centers across the country, and directing customers to use the self-service app instead. [More]
Chipotle’s recent foodborne illness issues — a six-state e.coli contamination that sickened more than 50 people and a norvirus outbreak that left more than 150 customers ill in Boston — haven’t just caused problems for the fast casual restaurant in terms of slumping sales and dropping stock prices, it’s also reportedly trickled down the chain to the company’s suppliers in the form of layoffs. [More]
You’ve probably never heard of Lab126, but you’ve definitely heard of their parent company and their products. They’re a division of Amazon, started in Silicon Valley eleven years ago to create the e-reader that we now know as the Kindle. They also created some projects that haven’t caught on quite as well, like the Fire Phone, and engineers who worked on that projects have reportedly been sent on their way. [More]
It was a little over a year ago that Men’s Wearhouse and Jos. A. Bank ended months of contentious courtship and merged, with Men’s Wearhouse acquiring the smaller clothing chain for $1.8 billion. Now, the honeymoon is over, and Men’s Wearhouse is laying off or transferring some employees at Jos. A. Bank HQ in Hampstead, Maryland. [More]
Sprint has been hacking into its workforce this week, confirming that it recently closed 150 service and repair centers across the country, laying off 330 technical consultants. It’s also completely shutting down 55 of its worst-performing stores and closing three call centers — for a loss of 1,550 customer service jobs — and limiting operations at three others in an effort to cut back on costs. [More]
Kodak filed for Chapter 11 bankruptcy protection last and continues to fight for relevance. You may be surprised to learn that one of the business lines they’ve kept has been film manufacturing for still photography and movies. Not enough, though, because Kodak is about to lay off the 61 workers who make acetate film base in the company’s Rochester, N.Y. home. [More]
UPDATE The Wall Street Journal has confirmed some of what our tipsters have already told us, and adds that 1,800 Best Buy retail employees are also set to be dismissed in the near future.
In the big media push that started with its most recent Super Bowl ads, Best Buy had been trying to position itself as a store that provided the one thing its online competitors couldn’t — knowledgeable, tech-savvy employees that can deal with customers on a face-to-face basis. Well, forget all about that hogwash, because the company has told its employees that it is laying off at least 650 Geek Squad staffers in the coming weeks.
AOL Instant Messenger has been circling the drain of social irrelevance for a while now, and now it’s gotten to the point that the company apparently no longer believes in the future of AIM. AOL laid off 40 workers at its West Coast office, shedding seemingly all critical staff in the Instant Messenger division and leaving only a skeletal support infrastructure.
Yahoo, which canned its former CEO over the phone a few months ago, is reportedly on the verge of a major restructuring that will reshape the firm the internet forgot into a much smaller version of itself. The company is seemingly set to announce massive layoffs that could number in the thousands.
It’s hard times for hardware folk, with Lowe’s announcing that it will slow growth while closing 20 stores and leaving nearly 2,000 people out of jobs. The company shut down half the stores already and plans to whack the others within the next month. It still plans on growing, opening 25 more stores this year, but will open only 10 or 15 stores a year starting next year rather than the 30 it previously planned.
Oblivious to the possibility that the last thing people who lost their jobs need are cardboard reminders of their misfortune, Hallmark has launched a line of greeting cards geared to the downsized. Among the witticisms you can sign beneath and hand over solemnly: “Don’t think of it as losing your job. Think of it as a time out between stupid bosses.”
The U.S. Postal Service continues to deliver awful news, proposing job cuts of as many as 120,000 workers in an attempt to temper costs in the wake of massive financial losses. Projecting to lose more than $8 billion for the second straight year, the USPS also wants to set up its own health plan, pulling employees out of the federal system.
Layoffs are a sorrowful fact of life in this downsizing-obsessed economy, and the earlier you know you’re on the outs, the more time you’ll have to prepare. While it’s counterproductive to over-analyze your work environment while waiting for the inevitable “Can you step into my office?” overture from your supervisor and the HR lady, keeping your eyes open for obvious tells is a good idea.