To quell a budget shortfall of $18 million dollars in the upcoming year, in addition to a variety of cuts being considered across the board the likelihood of a reduction in force action becomes greater. While not set in stone, hearings on the upcoming fiscal year budget in addition to several workshops will probably lead to 20-30 positions being eliminated.
Why is this important? So far, Vallejo is the largest city in the state of California to file for bankruptcy protection (2008).
Stay Tuned.
Teaching is a hard enough job, and it used to be a secure one. As evidence we have word of another pending layoff for teachers, this time in Fort Lauderdale, Florida. Broward School District reports today that they will layoff as many as 400 teachers. Of all the professions being looked at by municipalities, this is one that likely makes the least amount of sense for cuts. Read More About Teacher Layoffs
Reported unemployment isn’t everything. Everyone seems to have a different definition for unemployment and how that number is reached. For states issuing checks it is the number of people reporting claims for unemployment insurance checks. For others it represents the number of jobs lost. Read More About the Statistics
We just heard about this. Are more white collar workers facing the chopping block? We’ll report back as soon as we hear more.
Looks like the tech sector is taking another hit. Sun Microsystems has announced a further reduction of 1,500 workers from it’s payroll worldwide. This represents an 18% reduction in staff. Read more about this Sun Layoff
It’s not just line workers being affected by the economic slow down in the automotive industry anymore. On Tuesday March 24th, white-white collar workers at General Motors Corp were informed that their jobs were being eliminated next week. While this cut is reportedly only 160 positions, mostly engineers and support staff at the Warren Technical Center in Warren, Michigan, it comes as a part of nearly the nearly 3000 US jobs lost throughout the US for the automaker, and 47,000 around the world. Roughly 20% of the total global workforce. Read More about the General Motors Layoffs Here
As a part of a projected 10,000 jobs across the company some 900 Boeing employees are expected to receive 60-day layoff notices. Of this latest group of layoffs 700 are from jobs in the Puget Sound region. Read more
It would appear that Caterpillar, one of the global leaders in construction and mining equipment, is announcing another round of layoffs this March. Even with emerging markets in developing countries in need of equipment produced by Caterpillar, the plummet of mineral and metal prices has forced companies that would usually order gear to put those plans on hold. Read more about the Caterpillar Layoff
Hearst Corp, owner of the Seattle Post-Intelligencer, has decided to close the doors of the print operation and turn it’s publication strictly to it’s website. The historic move, the first major newspaper to do so, will occur after 146 years of delivering the news to the people on paper. Last year the paper posted a loss of 14 million dollars. Read more about the Seattle Post Intelligencer’s final days
Cisco, a tech company based in San Jose California, completed a wave of layoffs at the end of February 2009 totaling approximately 2000 of the 65,000 employees worldwide, 250 of which were at the headquarters. (more…)