BlackBerry Maker Will Cut 2,000 Jobs

BlackBerry Maker Will Cut 2,000 Jobs

In a cost-cutting move connected to the BlackBerry’s inability to keep pace with smartphone competitors in the United States, BlackBerry maker Research in Motion revealed plans to slash its workforce by 10 percent, losing 2,000 jobs. [More]

Goldman Will "Sach" 1,000 Workers Because it Only Made A Billion Dollars Last Quarter

Goldman Will "Sach" 1,000 Workers Because it Only Made A Billion Dollars Last Quarter

Goldman Sachs netted only $1.09 billion for the quarter, which isn’t enough to please investors, spurring the company to shed 1,000 jobs. The trading-focused bank suffered a 63 percent drop in trading fees collected from the first quarter. [More]

Cisco Flips 6,500 Workers Into The Unemployment Line

Cisco Flips 6,500 Workers Into The Unemployment Line

Cisco employees are apparently paying for the company’s ill-advised decision to spend $600 million to buy the company that made Flip video cameras. Cisco is reducing its workforce by 16 percent, cutting 6,500 jobs, including 2,100 early retirement volunteers, and losing other employees by selling a business. [More]

AOL Cans 900 A Month After Announcing Huffington Post Buy

AOL Cans 900 A Month After Announcing Huffington Post Buy

When AOL decided last month to spend $315 million on Huffington Post, the internet’s eyebrows raised in confusion about how the struggling company could afford such an acquisition. [More]

Sony Closes CD Factory In NJ, 300 Lose Jobs

Sony Closes CD Factory In NJ, 300 Lose Jobs

Three hundred people in New Jersey are losing their jobs, and it’s all our fault. Enough consumers prefer to buy digital downloads (when we buy music at all) that Sony is closing down their Pitman, NJ CD factory at the end of March. [More]

MySpace Expected To Lay Off Half Its Employees

MySpace Expected To Lay Off Half Its Employees

MySpace employees are bracing for a massive bloodletting on the verge of a possible sale. The troubled social networking site is expected to see its 1,100-strong workforce shrink to half its current size by the middle of the month. [More]

Yahoo: We're Selling Delicious, Not Closing It

Yahoo: We're Selling Delicious, Not Closing It

Yahoo apparently never planned on selling Delicious along with the rest of its under-performing initiatives. Contrary to a leaked slide that indicates Delicious is headed to a “sunset,” along with AltaVista and Buzz, the sunset of Delicious will be one with a possible sunrise to follow. Yahoo wants to sell the site, and it’s ticked at the press for causing people to think any different. [More]

Yahoo Lays Off 600, Plans To Shut Down Buzz, Delicious

Yahoo Lays Off 600, Plans To Shut Down Buzz, Delicious

Several hundred Yahoo employees received the opposite of a Christmas present this week, learning the company is letting them go to ease its payroll burden. In addition to shedding 4 percent of its workforce, the shrinking web giant is shutting down AltaVista, Buzz and Delicious — according to an internal company slide. [More]

Factory That Made Moldy, Barfy Recalled Tylenol Closes For Upgrades, 300 Lose Jobs

Factory That Made Moldy, Barfy Recalled Tylenol Closes For Upgrades, 300 Lose Jobs

Johnson & Johnson announced late yesterday that they will lay off most of the employees of the Philadelphia-area factory that produced the controversial musty, stinky pills recalled earlier this year. Staff have been on full pay and benefits since the plant shut down in April, but the controversial (that is: filthy) facility will close down for upgrades until some undefined point in 2011. [More]

Video Professor Gives Employees Free Trial Offer Of Unpaid Furlough

Video Professor Gives Employees Free Trial Offer Of Unpaid Furlough

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]

Target Says Info From Demotions Post Tipster Is 'Completely Inaccurate'

Target Says Info From Demotions Post Tipster Is 'Completely Inaccurate'

A Target spokeswoman responded to Michael, the employee who claimed last week that the company is reducing 8,000 full-time employees to part-time. She writes: [More]

Sam's Club Lays Off 10% Of Employees

Sam's Club Lays Off 10% Of Employees

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]

US Airways Shrinks

US Airways Shrinks

US Airways has announced it plans to lay off a thousand employees, about 3% of its workforce, and will cut flights and focus mostly on four hubs: Charlotte, Philadelphia, Phoenix, and Washington, DC.

Couple Attempts To Stretch Half A Year's Pay Into A Full Year

Couple Attempts To Stretch Half A Year's Pay Into A Full Year

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.

Hyatts In Boston Decide To Outsource Housekeeping

Hyatts In Boston Decide To Outsource Housekeeping

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.

Unemployment Claims And Consumer Confidence Down, Whirlpool To Lay Off 1,100

Unemployment Claims And Consumer Confidence Down, Whirlpool To Lay Off 1,100

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.

Some 71 Percent Of Newspaper Advertisers Stick Around

Some 71 Percent Of Newspaper Advertisers Stick Around

Enough with all the negative news about the newspaper industry. Let’s get positive, folks. For instance, instead of parroting this Bloomberg report that newspaper revenue plunged by 29 percent last quarter, let’s emphasize that 71 percent of advertisers stuck around.

Was Consumer Columnist's Demise Due To Editorial Cutbacks Or Advertising Interference?

Was Consumer Columnist's Demise Due To Editorial Cutbacks Or Advertising Interference?

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?