Category: Laid off

Bank of America Slashes 35,000 Jobs in 3 Years

Paul

This one hit me hard in the chest.  I must say this was a big surprise to me and others but it looks like Bank of America is going to cut 30,000 to 35, 000 Jobs in the next 3 Years.   I’ll will quote Huffinton Post:

NEW YORK — Bank of America Corp. said Thursday it expects to cut 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co.

[Via Huffinton Post]

[ad#ad2-right]Now this one will affect the Whole US and some other International in the coming years. It is based on the Economic Stresses we are getting hit with right now. I am saddened and disturbed by how many people have loss there jobs. I have lost count as to how many people have losed their jobs over this economic downward spiral as Jason Calicanis once said. I can only hope that we can get up after this and fix what went wrong in the first place. I also know that it is quite hard to get hired in this day and age. So what is to become of the hard working men and women? Will the Government have to pay for housing for even more people? These are all questions we must answer soon in order to prevent a disastrous depression.

CBS Confirms the Axe of Layoffs for CNET

Paul

CBS throws the gauntlet and says in a statement :

CBS Interactive continues its integration process, which now calls for the further combination of several portions of the division into unified groups oriented around similar content. This important move allows us to better align our premium content for our audiences and our advertisers, and also results in reduction in certain areas that are now duplicated in the new organization structure. We believe these moves are necessary to continue building CBS Interactive into the most creative, most efficient, most profitable and fastest growing Internet company in the media business.”

[ad#ad2-right]Now I can Only guess as to what they will re-organized but if it is anything like Jeff Gerstmann and how we heard people might resign over that little fiasco. I’d give the likely hood of several people from Gamespot and Probably even more people from C-NET. I don’t know who they will lay off but I do know they are going to re-organization. You will probably have to pay for content from them in one way or the other. This is somewhat not un-expected due to the Economic Stress we are currently in and Probably will be for some time.

If I hear what happens I’ll will update my post and all.  If you want to check out the other lay offs in the technology industry please feel free and click here.   I am sure to have more in the coming months.   Time is the only constant and will always be moving forward.

NPR Laysoff 85 people

Paul

This is really a sad day for people,  According to NPR themselves they are laying off 64 position and 21 other positions.   I’ll quote:

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Companywide, NPR is laying off 64 people and eliminating 21 other positions that are currently vacant. NPR News will still have more than 800 employees on staff, including about 300 journalists.

[Via NPR]

This is another Layoff that people don’t want to hear about but will.   NPR isn’t laying off a lot of people but they have been doing the news for quite some time.   I feel bad for all the people that are getting laid off and had to tell people about this little development.  If you like what you see, I’ve got some great tips and tricks for people looking to get hired.

Yet another Turn For Yahoo, They lay off 1,500 people.

Paul

As much as I like Yahoo, they decide to lay off workers due to money. It’s really not un-expected due to the fact that they’ve been doing poorly.

Yahoo began laying off 1,500 workers on Wednesday as part of a plan, announced in October, to slash expenses by $400 million a year. The cost cutting, however, may have to go deeper in the coming year.

[New York Times]

[ad#ad2-left]Now we know the Google and Yahoo planned on getting together but that went south due to the Lawsuit.  Some think Yahoo’s systems is flaky and is bound to fail.  Although I don’t know much of the back story, I’d just wanted to let my readers know about Yahoo.  If you want to read the other articles on Layoffs by all means.   I also suggest people search my site for some good tid bits

Office Depot Closed 126 Stores

Paul

This just came from USA Today, According to them and I’ll quote:

Office Depot plans to close 112 underperforming retail stores in North America over the next three months. In addition, 14 stores will be closed in 2009 as their leases expire or other lease arrangements are completed, it said.

The retailer will also close six of its 33 distribution centers in North America, and says it plans to open about 20 stores in 2009, down from an earlier estimate of 40.


[Via USAToday]

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Although this isn’t talking about layoffs but this will greatly impact people who will be jobless due to the closings.   SO I wanted to talk about how many per store,  I estimate it will be like 20 people per store on average.   So that will be around 2,500 people will be jobless in the stores and I don’t know how many people will be jobless from the distribution center.   If you want to check out my other posts just click here.  If you search my site you will find even more tips and tricks to better help you be ready for the job market.