Posts Tagged ‘job cuts’
California Unemployment Jumps to 11.2%; Highest Since 1976
Friday, April 17, 2009 17:10 2 CommentsCalifornia’s unemployment rate jumped to its highest level in more than 30 years, climbing to 11.2 percent as 62,100 jobs we wiped out in March.
California’s unemployment rate reached 11.2 percent in March with 62,100 job cuts, the highest rate on record. The figure contrast with a national jobless rate of 8.5 percent. The new jobless [...]
Tech Layoffs Jump 75% in 2008
Sunday, February 22, 2009 19:36 5 CommentsAccording to a recent report, layoffs in the US technology sector rose 74.2% in 2008 as compared with the previous year. The industry was battered by an unrelenting wave of layoffs.
186,955 jobs in the telecommunications, computer, and electronics sectors were slashed in 2008 according to the report by outplacement consulting firm Challenger, Gray & [...]
GM Cutting 10,000 Jobs; Reducing Salaries
Tuesday, February 10, 2009 9:10 1 CommentGeneral Motors has announced that it will cut 10,000 jobs, or 12% of it’s global work force.
The majority of the U.S. job cuts is set to take place before May 1. The remaining GM workers are likely to see a 3% to 7% reduction in pay for the rest of the year.
GM has received [...]
