Topic: Layoffs and Downsizing

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Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Five energy challenges for Venezuela

With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
Six ways fleet operators save on gas (and you can, too)

While you may long for $2 gas, the truth is that higher prices – in the $3 to $4 a gallon range – are the new normal. Here are six money-saving tips, used by fleet operators, to save money on fuel:
Top 4 New Year's resolutions for your pocketbook

It’s resolution season, and with the continued economic recovery significant opportunity exists to improve your finances in the coming year. The question is how. Here are the four most important financial New Year’s resolutions that consumers can make:
Top 10 metros for job growth

Some metropolitan areas have a booming jobs market, thanks to energy, manufacturing, or sometimes just the right mix of highly diversified industries. Here's a look at the 10 metros that have seen the largest percentage increase in jobs over the past 12 months:

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ESPN layoffs: Trying to 'manage costs,' cable sports giant cuts jobs

ESPN layoffs: An unspecified number of staffers at the Bristol, Connecticut-based cable sports network are expected to be let go. The ESPN layoffs are the latest in the Disney entertainment family.
Greece starts firing civil servants for first time in a century

The Greek government began its first mass-firing of public-sector workers in more than 100 years this week, part of an effort to lay off 180,000 by 2015 under Europe-imposed austerity.
Robert Reich The invisible sequester

Americans are starting to feel the pain from the sequester's $85 billion in federal spending cuts between March and September 30, Reich writes. They just don’t know it yet.
In Gear Fisker Automotive cuts more staff. Is this the end?

Fisker Automotive will lay off most of its staff, according to various media reports. Fisker faces an April 22 deadline for its next payment to the U.S. Department of Energy, but the company has virtually no income from ongoing operations because it hasn't built a single Karma electric car since last summer.
Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Google cuts 1,200 more jobs at Motorola

Google is cutting 1,200 jobs in its Motorola division just months after cutting 4,000 Motorola jobs.
Five energy challenges for Venezuela

With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
'Sequester' watch: Will US spending cuts really cost 750,000 jobs?

Critics say President Obama is spinning the likely impact of 'sequester' cuts to pressure Republicans to replace them, but private-sector forecasts suggest that a loss of 750,000 jobs may not be far off.
Energy Voices Are high oil prices pushing us towards debt limits?

The US is reaching debt limits because of a specific resource limit – lack of inexpensive oil, Tverberg writes.
Can France's 'so-called workers' still compete on the world stage?

The recent vitriolic exchange between an American CEO and a French industry minister shone a light on the repeated criticism of the shrinking competitiveness of the French economy.
Spain's economic crisis has an unexpected victim: journalism

The Spanish media has been ravaged by the country's recession, and not just economically. The crisis has also sparked serious challenges to its credibility.
Energy Voices How high oil prices hurt wages and limit economic growth

Wages don’t rise at the same time as oil prices rise, Tverberg writes. The result is a mismatch between what citizens can afford, and the cost to manufacture and transport products.
Energy Voices Oil, gas, and the investment sinkhole problem

If we want to “grow” oil and gas production at all, businesses will need to keep investing increasing amounts of money (and energy) into oil and gas extraction, Tverberg writes. For this to happen, prices paid by consumers for oil and gas will need to continue to rise.
JPMorgan cuts 19,000 jobs, calls it a good sign

JPMorgan cuts 15,000 jobs from its troubled mortgage sector, citing healthier home mortgages. The other 4,000 job cuts come from consumer banking.
Energy Voices State of the Union address: Why no mention of coal? (Sponsor content)

President Obama made no mention of coal during the State of the Union address last night, Miller writes, which in turn has caused one collective bipartisan question: Why not?
Opinion: France's disappointing labor reforms

Labor reforms forged by France’s Socialist president, François Hollande, may look like progress. But they merely tinker with rigid labor laws. Europe's second largest economy must become far more business friendly if it wants to escape zero-percent economic growth and youth joblessness.
Energy Voices Will oil troubles push the US into a severe recession?

High oil prices and continued oil problems around the world will likely push the US economy into a severe recession by the end of 2013, Tverberg writes.
ADP: New jobs reached 10-month high in December (+video)

ADP monthly employment survey showed businesses added 215,000 jobs last month, the most in 10 months and much higher than November's total of 148,000. Economists tend to be cautious of the ADP report because it can diverge sharply from government job figures.
Six ways fleet operators save on gas (and you can, too)

While you may long for $2 gas, the truth is that higher prices – in the $3 to $4 a gallon range – are the new normal. Here are six money-saving tips, used by fleet operators, to save money on fuel:
Top 4 New Year's resolutions for your pocketbook

It’s resolution season, and with the continued economic recovery significant opportunity exists to improve your finances in the coming year. The question is how. Here are the four most important financial New Year’s resolutions that consumers can make:
Wind energy: Boom sputters as industry tax credit is set to expire

Congress has so far not extended the tax credit for wind energy, resulting in the layoffs of thousands of workers. Communities that a few years ago were elated to attract a promising new industry are left wondering what will the future bring.
In Gear Electric vehicle maker Coda lays off 15 percent of staff

Coda Automotive, an electric vehicle company, confirmed Tuesday that it had laid off about 50 people, or 15 percent of its 330-person staff, Voelcker writes.
Top 10 metros for job growth

Some metropolitan areas have a booming jobs market, thanks to energy, manufacturing, or sometimes just the right mix of highly diversified industries. Here's a look at the 10 metros that have seen the largest percentage increase in jobs over the past 12 months:
Spend that windfall wisely (even if you didn't win the Powerball lottery)

Huge windfalls, like Wednesday's $580 million Powerball lottery drawing, get all the attention, but every day Americans get smaller surges of money – an annual bonus, for example, or a tax refund. You might be tempted to use it to pay off your credit card balances. Not so fast. There might be better ways to use it to improve your overall financial position. Here are five questions to ask yourself before you decide what to do with that windfall:
Did Congress kill the Twinkie? The tariff tale behind the Hostess demise.(+video)

Since 1934, Congress has supported sugar trade tariffs. In a sign of the power of the sugar lobby, Hostess picked unions, not the lobby, to fight when it had to cut costs to stay in business.