Report: August Layoffs Reached Record Highs, New Hires Hit Historic Lows
August saw the highest monthly total of U.S. job layoffs in 15 years as year-to-date hiring dropped to the lowest in nearly 20 years.
Job Cuts
Goldman Sachs CEO Warns of Looming Job Cuts amid Slow Economy
Goldman Sachs is preparing for more job cuts in the near future, according to CEO David Solomon.
Nolte: 883 News Media Jobs Already Axed This Year
The business of the news media continues to shrink with the loss of 883 jobs already in 2021, or through the end of April.
Nolte: 7,700 Media Jobs Slashed This Year
Business Insider reports 7,700 people lost their media jobs this year, which is more — a lot more — than the 5000 who lost their media jobs over the four years between 2014 – 2017.
Nolte: Media Face 12,000 Job Cuts, Most Since 2009 Economic Crash
The American media will be hit with nearly 12,000 job cuts in 2019, the highest number since the economic crisis of 2009.
Report: Job Cut Announcements in 2017 at Lowest Level Since 1990
U.S. employers cut fewer jobs in 2017, bringing the total number of job cuts in the country to levels not seen since 1990, according to a report released Thursday.
Google Revenue up 20%, Profit up 25%, Employment up 10,000
Despite growing Silicon Valley tech layoffs, and disappointing third quarter performance from Apple and Twitter, Google’s parent, Alphabet, reported an annual 20 percent revenue surge, 25 percent earnings spike, and 10,000 additional employees.
Silicon Valley Job Cuts Double in 2016
Cisco Systems, Inc. announced August 17 that it will slash 5,500 jobs. The cuts are consistent with Silicon Valley tech terminations running almost double the pace of 2015.
After Minimum Wage Hike, UC Berkeley Cuts 500 Staff
On Monday, University of California Berkeley chancellor Nicholas Dirks announced that the educational institution will be eliminating 500 jobs over the course of two years, which will wind up saving an estimated $50 million.
Texas Railroad Giant Slashes Jobs, Clinton Promises to Put ‘Coal Companies Outta Business’
The Executive Chairman of the Fort Worth-based BNSF Railway announced Thursday that roughly 4,600 employees will face furloughs and buyouts amid reduced demand for domestic energy sources and renewed political pressure to clamp down on domestic fossil fuel development.
President Obama’s Economy Faces Thousands of Looming Layoffs
The Obama economy is facing thousands of looming layoffs, according to multiple media reports. For example, the Associated Press reports ConocoPhillips is expected to layoff roughly 1,810 employees — 10 percent of its workforce — due to a decrease in oil prices, which are nearing all time lows.
