Layoffs, Job Cuts | featured news

The mayor of Los Angeles has ordered the immediate layoff of 1,000 city employees to help to balance the city's budget.

Is there no end to this all-media bloodbath? Time Inc. is rolling out another round of layoffs today, right before the holiday season.

Signaling that worse times are ahead for magazines, Time Inc. is expected to announce next week that it will cut $100 million from costs, including another big round of layoffs.

The New York Times said on Monday it would cut 100 newsroom jobs through buyouts or layoffs as it tries to counter lost advertising revenue.

Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s....

A Nestle plant linked to an outbreak of illness has been shut temporarily, and the company said Monday that it expects to lay off more than 200 workers as a result.

A week after The Baltimore Sun slashed 60 newsroom jobs, including 18 top editing positions, some 50 newsroom staffers still at the paper have launched a one-day byline strike, according to the Washington-Baltimore Newspaper Guild.

New US claims for state unemployment benefits fell sharply last week, the fourth decline in five weeks, providing further evidence that the pace of layoffs has slowed after months of steep job cuts.

The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.

Microsoft notified Tuesday more employees who will lose their jobs as part of the software giant's planned elimination of around 5,000 positions.