Layoffs, Job Cuts | featured news

Latin American workers who have lost their jobs are being offered money to return to their home countries.

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

Amazon.com is shutting distribution centers in three states, and will lay off or transfer to other nearby facilities about 210 employees.

IBM's reported plans to lay off thousands of U.S. workers and outsource many of those jobs to India, even as the company angles for billions in stimulus money, doesn't sit well with employee rights advocates.

French workers at a factory south of Paris free their boss after holding him hostage in a dispute over lay-offs.

Striking French workers of an American manufacturing company looked likely to hold their boss hostage for a second night on Wednesday after locking him in for more than 24 hours, as nationwide anger mounted over layoffs.

The practice gives workers some security but, over time, employee morale still suffers.

Microsoft Corp has dropped an attempt to recoup some severance money from 25 recently fired workers it mistakenly overpaid.

Microsoft says some of 1,400 employees laid off last month accidentally got too much in severance pay -- and now it wants money back.

Farewell e-mails become an art form in this age of pink slips. Some are funny, some are sad -- and some are just plain furious. It was not the most eloquent subject line for a farewell e-mail to 5,000 co-workers: "So long, suckers! I'm out!"