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Termination

Fidelity Lays Off Workers Here and Abroad

June 5, 2008
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The reduction in jobs resulted from the Boston-based fund firm’s restructuring efforts. Some employees in the corporate human resource division, which serves Fidelity employees, were laid off.
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GM Slashes Truck Production, Announces Plant Closures

June 3, 2008
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Each plant employs about 2,500, but it's unclear whether employees will be transferred or laid off. The automaker says it is reacting to $4-a-gallon gasoline prices by making major cuts in its full-sized pickup and SUV production.
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Research 22,000 Jobs Cut on Wall Street, With More to Come

June 2, 2008
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Data from the Bureau of Labor Statistics show that the headcount on Wall Street was flat during the past 12 months, but Crain’s New York Business estimates put job losses at 22,000 so far.
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Ford to Lay Off Salaried Workers

May 28, 2008
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Because Ford wants the cuts made by August, the company doesn’t expect to offer voluntary packages. Reports add the automaker will cut 10 percent to 12 percent of its salaried workforce, or more than 2,000 employees.
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Skip the PIP

May 28, 2008
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Sometimes, parting ways is the right thing to do, and introducing a performance improvement plan that merely forestalls an inevitable result seems straight out of Dilbert.
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Morgan Stanley Cutting 1,500 Jobs

May 5, 2008
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The job cuts are expected to start this week and continue through the end of June. Morgan chief executive John Mack hopes these cuts will be the end of Morgan’s layoffs through 2008.
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Merrill Lynch Layoffs Could Reach 7,000

April 4, 2008
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One of the hardest-hit by the ongoing subprime mortgage crisis, Merrill had about 64,000 employees at the end of 2007, including 17,000 brokers.
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No Added Bucks Most Corporate Boards Not Renegotiating Severance Packages

March 21, 2008
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Despite complaints about sweetened deals, many companies are sticking to original termination agreements.
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Chicago Tribune to Cut 100 jobs by End of March

February 13, 2008
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The total reduction amounts to about 400 to 500 positions across Tribune Co. newspapers, the Los Angeles Times reports.
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