Getting Better?

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Registered: 03-26-2003
Getting Better?
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Thu, 12-10-2009 - 9:54am
33 percent of LA employers in poll will lay off workers in 2010
By Tony Castro Staff Writer

Posted: 11/02/2009 07:46:34 PM PST






Despite Los Angeles County's already record high unemployment, the job outlook is likely to get worse as the number of businesses planning layoffs has more than doubled since last year, according to a new poll to be released today.

A survey by the Los Angeles County Business Federation says 33 percent of respondents said they would lay off workers in 2010, up from 14 percent who were asked last year.


Aetna to lay off 625 now, equal number in early 2010

HARTFORD, Conn.—Health insurance giant Aetna Inc. said Wednesday it will shed 625 jobs due to economic conditions.






 Aetna, which has approximately 35,000 employees, also said it anticipates making a similar number of layoffs by the end of the first quarter of 2010.

 

 


Adobe Laying off 680 Staff to Cut Costs
By James Niccolai,
IDG News Service Adobe Systems will lay off 680 staff, or 9 percent of its workforce, in its latest move to cut costs, the company confirmed Tuesday.

 


AOL to Lay Off 2,500 Employees







By: Don E. Sears
2009-11-19


 


In order to reduce its operating cost, AOL management is asking for so-called voluntary layoffs. Involuntary layoffs will follow if AOL does not hit its target of reducing its operating budget by $200 million in the first half of 2010.


 



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    Survey: 25 States Plan To Lay Off Workers In 2010


    WASHINGTON (Dow Jones)-- In this fiscal year, 25 states expect to be forced to lay off workers, according to a survey released Thursday.


    In fiscal year 2009, a total of 19 states laid off employees and 25 states currently say they expect to do the same in 2010, Scott Pattison, executive director of the National Association of State Budget Officers said at a press conference Thursday.


    Computer maker closes Winston-Salem plant, resulting in job cuts of about 1% of its staff.







    See all CNNMoney.com RSS FEEDS (close)



    By David Goldman, CNNMoney.com staff writer

    Last Updated: October 7, 2009: 4:37 PM ET

    NEW YORK (CNNMoney.com) -- Computer maker Dell announced on Wednesday that it will close a plant in Winston-Salem, N.C., and will cut 905 jobs as a result.


    Dell said that 600 plant workers will be laid off in November, and the remaining 305 employees will be cut by January 2010, when the plant is scheduled to close. The cuts represent about 1% of the company's 78,900 employees.


     


    Thomas & Betts Corp. closing plant and laying off 117
    By Olivera Perkins, The Plain Dealer
    October 28, 2009, 12:41PM

    Thomas & Betts Corp. which manufactures electrical components, is closing its operations on Harvard Avenue in Cleveland and permanently laying off 117 employees who work there.


    BusinessWeek lays off up to 130 workers, AP cuts 90
    Fri Nov 20, 2009 5:15am IST

    By Robert MacMillan


    NEW YORK (Reuters) - BusinessWeek will lay off up to 130 workers, about a third of its staff as Bloomberg LP prepares to take over the magazine from McGraw-Hill Companies Inc, two sources at the magazine said on Thursday.


    News of the job cuts comes on the same day The Associated Press said it is laying off 90 news department workers, or about 3 percent of its worldwide news staff, and capped a grim week for journalists whose jobs at many U.S. news outlets have been drying up in recent years.


    Cummins To Lay Off At Least 400 Employees

    By Dennis Phillips POSTED: November 30, 2009


    BUSTI - On Monday, Cummins Engine announced it will be laying off at least 400 employees at the start of the year because of decreased demand.


     


    Microsoft laying off 800 more


    Posted by

    Nick Eaton at November 4, 2009 9:44 a.m.


    Microsoft confirmed on Wednesday that it is cutting 800 more employees, completing the large round of layoffs the company announced in January. With the goal of eliminating 5,000 positions by June 2010, Microsoft began laying off employees this past spring.


    Sony Ericsson to close locations, lay off 2,000


    18 November, 2009 02:41:31 PM


    Sony Ericsson has just announced that it is closing some locations and laying off 2,000 individuals.

    The facilities being closed are the Research Triangle Park location in North Carolina that will shut in the third quarter of 2010. 420 workers will be laid off with that move. After a layoff of 2,000 employees last year, Sony Ericsson's head count was 9,900. Smaller offices in Miami, Seattle and San Diego also will close.


    The sad part is I could go on and on. These were just the few I picked out of a search of companies that will be laying off in the months to come. And even scarier is that the list is including more and more companies in places like Canada and even India, proving that whatever economic disaster is occurring it's becoming a world-wide event.


    Not to be a doomsayer, but where is this going to end? We have a 10% unemployment rate now; how are all these people going to be absorbed into the workforce when there are no jobs? And those who are having to take jobs that are in no way comparable to the one they lost.


    When you think of the millions of college students graduating every year, all thinking a job is in their future and most with thousands of dollars in loans to repay, it's a frightening scenerio. One of the departments where I work advertised for an administrative assistant position and received over 600 applications (both men and women), many of them with degrees in accounting, business, finance, and education. This is basically a job a bright high school graduate could do. It pays about $14.00 an hour.


    My neighbor across the street is still unemployed. She's 56 years old, she worked for a car dealership that closed. Now she says she can't even get a call back. Her unemployment runs out in February. She's starting to put in applications at Wal-Mart and Target, but even they aren't hiring, or if they are they're looking for people who have retail and cashiering experience.


    I'm definitely concerned about our future. Job layoffs are like a plague. No one is safe, you always know someone who is effected, kids and older people are hit hardest, and it leaves people tired, struggling and unable to take care of themselves.


    Obama can spend all the money in the world to "create" jobs, but if he can't stop the job loss then his efforts and spending aren't going to help us.

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    iVillage Member
    Registered: 02-20-2007
    In reply to: ddnlj
    Thu, 12-10-2009 - 10:50am

    It IS frightening, to say the least. I worry about these folks that have little chance to find a decent paying job. We could be on the verge of a world-wide depression that could cause millions of deaths due to a lack of health care, lack of a place to live, or even from starvation here in the USA.


    I pray that things can be turned around soon, for I fear terrible consequences for many if it isn't. My heart goes out to anyone out of work and can't find any. Bless you and good luck.

    iVillage Member
    Registered: 08-30-2002
    In reply to: ddnlj
    Thu, 12-10-2009 - 11:11am

    One of our local pizza places advertised for a cook and over 150 people were waiting at the door, before they opened to apply. It was 17 degrees out! Today our local paper is putting a call out for Santas because toy donations are down, but need is up. Californias unemployment rate is 12.7%.


    We are so incredibly greatful for the work that we have. I've actually been doing some floral design again, for the people I call our "spoiled rich clients." These are people who are millionaire/billionaires and even though they live extravagantly by our standards, they really live on a tiny portion of their overall income/assets. But I'm really greatful there are people who can spend hundreds of dollars on wreaths and flowers arrangements for the holidays. But we are socking away as much of it as we can, because, except for these kinds of



    Avatar for ddnlj
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Thu, 12-10-2009 - 12:49pm

    Good for you that you have an extra skill you can rely on. And you're wise to sock that extra money away.

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    Avatar for ddnlj
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Thu, 12-10-2009 - 12:58pm

    One has to wonder where all the money disappeared to. We were once a flourishing nation. Now we're floundering. What happened?


    And I'm beginning to worry that Obama may just be throwing money at the

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    iVillage Member
    Registered: 08-30-2002
    In reply to: ddnlj
    Thu, 12-10-2009 - 1:22pm

    I can tell you where some of it is going. To stupid @$$ projects like this


    http://www.theunion.com/article/20091209/NEWS/912089963/1066&parentprofile=1053


    My town is spending $50K of "redevelopment" funds on a sculpture for a roundabout. Because the funds are earmarked for redevelopment, they can't be used for anything else. Now understand our streets are full of pot holes, we can't get snow removal on "secondary" streets, because they've had to lay off city employees and shut down equipment. Our homeless and unemployed population is going through the roof. But we have money for......art. Not just this but also a $75K mural, that looks like a giant tattoo, on the side of a building. This is all, apparently to impress the tourists, that are supposed to come and support our local economy. Because of course the back jolting pot holes, buildings falling to blight that can be seen along the freeway and the wandering homeless people and licensed



    iVillage Member
    Registered: 02-20-2007
    In reply to: ddnlj
    Thu, 12-10-2009 - 1:34pm
    Ah, high speed rail systems!! I read something about a month ago discussing this. What a glorious idea. I agree with you that the stimulus money is NOT having its desired effect. Your rail system idea is a sound one that would save huge amounts of money in the following years to come. I hope Obama reads your post.....lol.
    iVillage Member
    Registered: 03-30-2007
    In reply to: ddnlj
    Thu, 12-10-2009 - 3:01pm

    I think the one thing that bothers me the most is that SOME employer's are using this situation. A friend is very upset with her boss. She has taken pay cuts. Had benefits cut. Hours cut back. I think she figured out a couple of weeks ago that she is working for just a little more than minimum wage. She has worked for this company for over 10 years. Her husband has lost his job. The employer knows that alot of the employee's rely on this job. He will not give any raises. He holds their jobs over their heads. He even told one guy that if he didn't like the money, there are people out there who would work his job for even less.

    The boss is always going on vacation, buying new cars, just bought his wife a new home in Panama. But his employee's will be lucky to have a Christmas. My friend is applying for any job that comes up. She's had it.

    iVillage Member
    Registered: 01-24-2007
    In reply to: ddnlj
    Fri, 12-11-2009 - 8:09am

    I live in michigan where unemployment is much higher than 10%.

    Avatar for ddnlj
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Fri, 12-11-2009 - 8:12am

    I asked the question earlier about where is all the money going, but I (and I think most of us) know where it's going. It's going (or has already gone) up to the top of the food chain and that's where it's going to stay.


    Your friend isn't alone. This unbalanced and inequitable divide of company funds is something that has been happening more and more over the last 10 years. We see executives making multi-million dollar salaries while employees are given the bare minimum, if they're lucky enough to keep their job.

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    Avatar for ddnlj
    iVillage Member
    Registered: 03-26-2003
    In reply to: ddnlj
    Fri, 12-11-2009 - 8:21am

    I am so sorry. I can't imagine how much stress you must be facing right now. Are you sure you've exhausted all your options?

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