RSS icon

Top Stories

Downsizing

As Layoffs End One Cycle, Recruiters Await Word on What Comes Next

May 6, 2009
Comments (0)
A recession with no end in sight, baby boomers who can’t retire and Gen Y managers who don’t know how to lead in a downturn—it’s a confluence of troubles the likes of which few HR professionals have ever seen.
Read More

GM’s Downsizing Strategy Moving With Great Efficiency

May 4, 2009
Comments (0)
May 1 marked a soft deadline for accomplishing the first round of layoffs. It also marked the beginning of a pay cut—3 to 10 percent, depending on a person’s rank—for many of the remaining 26,250 salaried workers in the U.S.
Read More

Wall Street Refugees Seek Work

May 1, 2009
Comments (0)
Fearing a devastating brain drain of smart, ambitious people who no longer can afford to stay in New York, the city plans to spend $45 million to turn former Wall Street bankers into entrepreneurs by offering them training, office space and even funding for their startup.
Read More

Report Cap-and-Trade Legislation Could Result in Huge Job Loss

April 30, 2009
Comments (0)
The proposed legislation also could cost the average household $2,100 annually.
Read More

TOOL Limiting Layoffs With Creative HR Cost-Cutting

April 30, 2009
Comments (0)
Experts say the instinct to avoid layoffs in tough times isn't just human; it's good business practice. Here are some ideas for cutting labor costs without laying people off.
Read More

Kelly Revenue Drops 24.9 Percent

April 28, 2009
Comments (0)
The Troy, Michigan-based staffing firm reported declines in revenue across most of the geographic regions. In the U.S., first-quarter revenue fell 21.4 percent year-over-year to $644.8 million.
Read More

Heidrick Sees Revenue Plummet 41.8 Percent, Plans More Cuts

April 28, 2009
Comments (0)
The company says it plans to cut headcount by 8 to 10 percent in May, after its 11 percent reduction in January.
Read More

Chrysler, UAW Reach Agreement, Boosting Prospects for Fiat Alliance

April 27, 2009
Comments (0)
The deal alters Chrysler’s financial obligations to the union’s retiree health care plan and comes four days before a U.S. deadline for Chrysler to tie up with Fiat.
Read More