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View Full Version : Layoffs!!! Layoffs!! Everywhere You Look!!!



Sev
07-25-2011, 08:41 AM
<span style='font-size: 17pt'>HOPE & CHANGE!!!!!
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<span style='font-size: 20pt'>Can you feel it brothers and sisters???
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<span style='font-size: 23pt'>OBAMA 2012!!! RAH RAH RAH!!!!</span>
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http://theeconomiccollapseblog.com/a...re-are-layoffs

The competition for jobs in the United States is absolutely brutal right now, and it is about to get worse. A new wave of layoffs is sweeping across America. During tough economic times, Wall Street favors companies that are able to cut costs, and the fastest way to "cut costs" is to eliminate employees. After a period of relative stability, the employment picture in the U.S. is starting to get bleaker again. New applications for unemployment benefits have now been above 400,000 for 15 straight weeks. Finding a good job is kind of like winning the lottery in this economy. Our federal government and the state governments have made it incredibly complicated and extremely expensive to have employees on the payroll. It is getting harder and harder to get a large enough return to justify the time and expense that hiring employees requires. So many firms now find themselves trying to do more with the employees that they already have. Other companies are turning to temp agencies as a way to reduce costs and increase workplace flexibility. A lot of the big corporations are sending as much work as they can overseas where the wages are far lower and where the regulatory environment is much simpler. All of this is really bad news for American workers that just want good jobs that will enable them to provide for their families.

When we first started seeing huge numbers of layoffs a few years ago, I encouraged people to look into government jobs because I thought that they would be a lot more stable in this economic environment.

But today that is no longer true. In fact, state and local governments all over the United States are responding to massive budget problems by slashing payrolls in an unprecedented fashion.

Sadly, the reality is that the number of "secure jobs" is rapidly declining in America. If you have a "job" ("just over broke") right now, you might not have it for long. That is one reason why everyone should be trying to become more independent of the system.

Once upon a time the U.S. economy produced a seemingly endless supply of good jobs. This helped us develop the largest and most vibrant middle class in modern world history.

But now employees are regarded as "costly liabilities", and businesses and governments alike are trying to reduce those "liabilities" as much as they can.

<span style="color: #660000"><span style='font-size: 20pt'>This summer the pace of layoffs seems to be accelerating all over the nation. Just check out what has been happening over the past few weeks....

-Lockheed Martin has made "voluntary layoff offers" to 6,500 employees. http://finance.yahoo.com/banking-bud...d=bb-budgeting

-Detroit is losing even more jobs. American Axle & Manufacturing Holdings has told the remaining 300 workers at its manufacturing facility in Detroit that their jobs will be ending in early 2012. http://www.detnews.com/article/20110...amtramck-plant

-Layoff notices have been sent to 519 employees of Milwaukee Public Schools, and more than 400 open positions are going to go unfilled. http://www.bizjournals.com/milwaukee...employees.html

-The Gap has announced that up to 200 stores will be closed over the next two years. http://www.fosters.com/apps/pbcs.dll...GreatBayRegion

-Cisco has announced plans to lay off 9 percent of their total workforce. http://finance.yahoo.com/banking-bud...d=bb-budgeting

-Chicago Mayor Rahm Emanuel says that 625 city employees will be losing their jobs as a result of cutbacks. http://www.upi.com/Top_News/US/2011/...8471310753220/

-Pharmaceutical giant Merck recently dumped 51 workers from an office in Raleigh, North Carolina. http://wraltechwire.com/business/tec...gpost/9803167/

-Perkins has revealed that they will be closing 58 restaurants.http://www.bizjournals.com/kansascit...ankruptcy.html

-This week, Goldman Sachs announced that they will be eliminating 1,000 jobs. http://finance.yahoo.com/banking-bud...d=bb-budgeting

-Cracker Barrel is rapidly reducing staff at its headquarters. http://finance.yahoo.com/banking-bud...d=bb-budgeting

-Telecommunications and web marketing firm Crexendo has announced that it will be laying off about 30 percent of its workforce.

-Borders has announced that they will be shutting down their remaining 399 stores and that 10,700 employees will lose their jobs. http://www.usatoday.com/money/media/...nkruptcy_n.htm

-Now that the space shuttle program has ended, thousands of NASA employees will be losing their jobs. http://abcnews.go.com/Technology/spa...ry?id=14119413

Sadly, there are hundreds of more examples of recent layoffs and job losses. One website that tracks these layoffs daily is Daily Job Cuts. http://www.dailyjobcuts.com/It is pretty sad when there are entire websites that are devoted to chronicling how fast our economy is bleeding jobs.

What is worse is that it looks like the pace of layoffs is going to keep increasing.

One report that was recently released found that the number of job cuts being planned by U.S. employers increased by 11.6% in June. http://www.zerohedge.com/article/pla...ops+to+zero%29

That is not good news.

Things don't look good for employees of state and local governments either.

State and local governments have eliminated approximately 142,000 jobs so far this year. http://finance.yahoo.com/banking-bud...d=bb-budgeting <span style="color: #006600">(One positive)</span>.

That is bad, but this is just the beginning.

UBS Investment Research is projecting that state and local governments in the U.S. will combine to slash a whopping 450,000 jobs by the end of next year. http://www.businessinsider.com/ten-s...deral-budget-5 <span style="color: #006600">(Second positive).</span>
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Ouch.

Barack Obama and Ben Bernanke keep trying to tell us that the economy is improving, but that simply is not the case. http://theeconomiccollapseblog.com/a...y-improvingYes, some of the largest corporations have announced big earnings, but that is not translating into lots of jobs for American workers.

Today, most large corporations only want to have as many U.S. workers as absolutely necessary. In a world where labor has been globalized, it just doesn't make sense for corporations to shell out massive amounts of money to American workers when they can legally get away with paying slave labor wages to workers on the other side of the globe.

So if it seems like it is far harder to get a good job in America today than it used to be, the truth is that you are not imagining things.

Our entire system discourages job creation inside the United States. Every single year, even more ridiculous job-killing regulations are being passed on the federal and state levels. It has become extremely expensive and ridiculously complicated to hire people.

So how are American families surviving? Those that still do have jobs are finding that wages are not going up but the cost of living rapidly is. Many American families are making up the difference by using their credit cards more.

In June, credit card purchases in the U.S. increased by 10.7 percent compared to the same month a year ago. http://www.bloomberg.com/news/2011-0...s-incomes.html

It looks like a whole lot of people have not learned their lessons about how bad credit card debt is.

Millions of other American families have fallen out of the middle class completely. Today, one out of every six Americans is enrolled in at least one government anti-poverty program. The level of economic suffering in this country continues to soar.

<span style="color: #660000"><span style='font-size: 20pt'>In fact, the number of Americans that are now sleeping in their cars or living in tent cities remains at staggering levels. http://theeconomiccollapseblog.com/a...on-the-streets
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What we are witnessing in this country is not just a "recession" or an "economic downturn". What we are witnessing are fundamental economic changes.

Until there are fundamental policy changes in the United States, there will continue to be huge waves of layoffs and millions of jobs will continue to be shipped out of the country.

In the old days, one could go to college, get a good job with one company for 30 years and retire with a big, fat pension.

Now, that way of doing things is completely and totally dead.

Today, there is virtually no loyalty out there. It doesn't matter how long you have been working at a particular job. When it becomes financially expedient to get rid of you, that is exactly what is going to happen.

It is a cold, cruel world out there right now. Don't assume that you will always have a good job. The world is rapidly changing.

Don't get caught in the trap of believing that the way that things were is the way that things are always going to be in the future.</span>

llotter
07-25-2011, 10:59 AM
I think I read that the Federal Government is still growing and still paying far above the productive sector. I don't understand why everybody doesn't work for government and get all these problems behind us.

LWW
07-25-2011, 01:37 PM
Is that not the goal?

Sev
07-25-2011, 04:14 PM
Its going to be shrinking fast when Moody's drops us to AA.

cushioncrawler
07-25-2011, 06:07 PM
The slow die. Its the system. Slow pipple die. Slow companys die. And now the slow usofa might die. Its the system. Nothing wrong with that.
I hope China haznt got any feathers on its neck. Much better for picking the carcass.
mac.

Soflasnapper
07-26-2011, 12:15 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">I think I read that the Federal Government is still growing and still paying far above the productive sector. I don't understand why everybody doesn't work for government and get all these problems behind us. </div></div>

Federal government's work force is frozen, and/or declining. State governments and city governments have clipped off 400,000 workers. Government overall is down in employees.

Sev
08-03-2011, 01:28 PM
<span style="color: #000000"> http://money.cnn.com/2011/08/01/news...nal/hsbc_jobs/

NEW YORK (CNNMoney) -- HSBC announced Monday that it will cut 25,000 more jobs around the world, in addition to the thousands of job cuts already underway, after reporting a surge in profit.

HSBC (HBC) Chief Executive Stuart Gulliver said he expects to cut 25,000 jobs between now and 2013. The company's stock rallied 5% in pre-market trading.

This is in addition to the 5,000 job cuts that have been underway since the start of year in the United States, United Kingdom, France, Latin America and the Middle East. The cuts are part of the company's restructuring plan to save from $2.5 billion to $3.5 billion.

The banking company also posted increased profit. HSBC reported a net income of $8.9 billion for the first half of the year, up 35% from the first half of 2010.

The finance company reported earnings per share of 51 cents in the first half, up 34% from the first half of 2010.

HSBC did not specify where the new job cuts would be taking place. But it said it would be selling 195 U.S. branches, principally in western New York, to First Niagara Bank (FNFG).
9 most annoying bank fees

HSBC also said it was closing its retail business in Russia and Poland, and shutting down three insurance businesses.

Gulliver said he had a positive outlook toward emerging markets, highlighting China and the Middle East, despite his "clear short-term concerns."

"The geopolitical and regulatory backdrop is uncertain and presents challenges for the developed economies," he said.

-- CNN's Mishan Afsari contributed to this story. To top of page</span>

Sev
08-03-2011, 01:31 PM
<span style="color: #000000"><span style='font-size: 17pt'>Debt Battle Leads To Layoffs In Aviation And Beyond</span>

http://www.npr.org/2011/07/31/138844...ion-and-beyond

Many factors have been holding down job creation this summer everything from the extremely hot weather in many regions to the weak housing market in just about every city. Another factor dampening job growth has been the political battle over the nation's debt.

One example of how the Washington debate is hurting workers involves aviation. Amid the bickering over the debt ceiling earlier in July, Congress failed to pass a short-term extension of the Federal Aviation Administration's budget.

As a result, on July 23, the FAA's budget authorization expired and the agency had to lay off some 4,000 workers. Now the disruption is rippling out to contractors at airports around the country. For example, in Las Vegas, construction of a new air traffic control tower at McCarran International Airport is on hold for lack of FAA funding. That disruption has caused a cascade of construction layoffs.

Across the country, roughly 70,000 workers are expected to be idled by this FAA budget mess.

Many economists fear that when the Labor Department releases its monthly unemployment report on Friday, it will offer new signs that the U.S. economy is sliding back toward recession.

IHS Global Insight, a forecasting firm, is predicting employers added only about 50,000 jobs during July, up from June's scant 18,000 new jobs. But even 50,000 jobs would be far below a level that would significantly improve the jobs outlook. About 14 million people are currently seeking jobs, so the economy needs to be adding hundreds of thousands of jobs a month to make a significant dent in the problem.

"We don't expect such a weak report as in June, [but] we look for another month of sluggish private employment growth and declining government employment," says IHS Global Insight's chief U.S. economist, Nigel Gault.

Even after the budget debates have settled out, government spending likely will be contracting at both the federal and state levels. That may mean fewer paychecks for all sorts of public-sector employees, from teachers to astronauts.

The debt-related uncertainty in financial markets is also indirectly hindering job growth by creating jitters among employers. Many of them are sitting on large amounts of cash, but are reluctant to plow it into expansions until they know financial markets will be operating smoothly in coming months and years.</span>

Sev
08-03-2011, 01:33 PM
<span style='font-size: 20pt'><span style="color: #660000">HOPE & CHANGE!!!!!</span>
</span>
http://in.news.yahoo.com/planned-lay...120555693.html

<span style="color: #000000">
<span style='font-size: 23pt'>Planned layoffs surge in July: Challenger
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NEW YORK (Reuters) - The number of planned layoffs at U.S. firms rose to a 16-month high in July as sectors which had been seeing fairly few layoffs unexpectedly bled jobs, a report on Wednesday showed.

Employers announced 66,414 planned job cuts last month, up 60.3 percent from 41,432 in June, according to a report from consultants Challenger, Gray & Christmas, Inc.

July's job cuts also were up from the same time a year ago, rising 59.4 percent from the 41,676 job cuts announced in July 2010, and recording the largest monthly total since March, 2010.

"What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that, until now, have enjoyed relatively low job-cut levels," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

Layoffs in the pharmaceutical and retail sectors overtook nonprofit and government job cuts last month, accounting for 20.32 percent and 16.93 percent of announcements respectively.

Job cuts at Merck & Co., Borders, Cisco Systems, Lockheed Martin and Boston Scientific accounted for 57 percent of the July total, according to Challenger, making July the first month in seven when the government sector did not shed the most jobs.

"A casual observer(CO?) certainly might conclude that the wheels just fell off the recovery wagon," said Challenger.

Government and nonprofit profit job cuts still account for the largest share of planned layoffs in the first seven months of the year.

For 2011 so far, employers have announced 312,220 cuts, down 8 percent from the first 7 months of 2010.

The rise in job cuts comes two days ahead of the U.S. government's key jobs report on Friday, which is forecast to show the pace of job creation accelerated last month. The economy is expected to have gained 85,000 jobs, not enough to push the unemployment rate below its current 9.2 percent.

(Reporting by Alexandra Alper, Editing by Chizu Nomiyama)</span>

cushioncrawler
08-03-2011, 05:31 PM
U gotta luv krappynomix. The usofa haz it all. Dogma, and Godma.
Been nice knowingya.
mac.

Sev
08-04-2011, 06:31 AM
We are a diverse nation Mac. /forums/images/%%GRAEMLIN_URL%%/smile.gif

LWW
08-04-2011, 08:17 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">We are a diverse nation Mac. /forums/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

Quite true.

We have about 9% who pull the wagon ... about 50% who sometimes help push the wagon, sometimes ride in the wagon, and sometimes walk along side the wagon ... about 15% who are so lazy they won't even get up to ride in the wagon, instead demanding that the wagon come pick them up ... and the nutty 25% who think everyone should ride in the wagon, and also believe that the wagon will somehow magically continue to move ... and the 1% in the halls of big gubmint who want everyone not pulling the wagon to get out and push the wagon so they can have the entire wagon unto their own uses.

Sev
08-04-2011, 10:03 AM
Now that is so sad but true.

cushioncrawler
08-04-2011, 05:07 PM
But who haz the wagon's wheel nuts??????
mac.

Sev
08-05-2011, 08:43 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">But who haz the wagon's wheel nuts??????
mac. </div></div>

Now that is truly a mystery. /forums/images/%%GRAEMLIN_URL%%/smile.gif