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Tag Archives: layoffs

  • Blog

    Mass Layoffs Are Back. Are You At Risk?

    Millions are going to lose their jobs in the coming recession. Will you?
    by Adam Taggart

    Friday, August 30, 2019, 3:35 PM

    47

    Imagine the following scene playing out at work tomorrow: You arrive in the morning to find a note reading ‘HR wants to see you’. About what?, you wonder. Seeing your HR manager already in the conference room with the door closed, you fidget as you wait. A knot begins to form in your stomach that…

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  • Blog
    Eric Von Seggern/Shutterstock

    Mass Layoffs To Return With A Vengeance

    How safe is your job?
    by Adam Taggart

    Wednesday, February 3, 2016, 8:58 PM

    66

    Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

    Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With that crap-ton of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of recovery.

    Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.

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  • Daily Digest
    Image by PhillipC, Flickr Creative Commons

    Daily Digest 3/5 – ‘Massive Layoffs’ Predicted In Law Schools, The Wealth Beneath

    by DailyDigest

    Tuesday, March 5, 2013, 4:20 PM

    7
    • ‘Massive layoffs’ predicted in law schools due to big drop in applicants
    • BOJ nominee Kuroda sets out aggressive policy ideas
    • BMO Lowers Mortgage Rate To Record Low; Flaherty Warns Against Lending War
    • Info boss says B.C. isn't writing down key decisions to avoid public scrutiny, FOI requests
    • Calvin McCraw, Homeless Oklahoma Man, Lets People Vent To Him For 50 Cents A Minute
    • Four Things To Know About The Next Big Budget Battle
    • Zambia, Zimbabwe and Botswana: The wealth beneath
    • China Overtakes the US to become the World’s Largest Oil Importer
    • Shell to build LNG plants in Ontario and Louisiana
    • Toyota's i-Road to debut at the Geneva Motor Show
    • Taiwan tests recycling's limits with bus stops out of bottles

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  • Blog

    Daily Digest 2/2 – $100/Barrel Oil, Commodities Overtake Stocks & Bonds, US Jobless Rate Likely to Stay High

    by saxplayer00o1

    Wednesday, February 2, 2011, 4:00 PM

    0
    • Bridgestone Raises Truck Tire Prices (12%)
    • Libya Welcomes $100 A Barrel Oil
    • Fed’s Hoenig Says QE3 “May Get Discussed”
    • Bernanke and Ethanol Sink Egypt
    • Commodities Overtake Stocks, Bonds After Two-Day Gain
    • Bill Would Give SC Medicaid Doctors Less Money
    • Medicaid Cuts Could Force Hundreds Of Texas Nursing Homes To Close
    • Preckwinkle Proposes More Than 1,000 Layoffs In County
    • Dayton: Cuts Will Have ‘Devastating Effects’ On Poorest Minnesotans
    • Detroit Public Library’s ‘Unprecedented’ Fiscal Crisis Could Mean Closures, Layoffs
    • Nothing Off Limits On OPS Budget
    • Wisconsin Could Face $340 Million Budget Shortfall
    • End of the Road For Idaho Bridges?
    • Cleveland Fed: US Jobless Rate Likely To Stay High

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  • Blog

    Daily Digest 1/19 – U.S. Debt Crisis, More Airline Fees, Greece Denies Seeking Repayment Extension

    by saxplayer00o1

    Wednesday, January 19, 2011, 4:00 PM

    0
    • U.S. in Debt Crisis Without Spending Cuts, Pimco’s Kashkari Says
    • State Bankruptcy: An Idea That’s Ready for Primetime?
    • World Oil Price Edges Near To $US100
    • Local Food Pantries Seeing Record Number Of People Seeking Help
    • Buffalo Companies Decry China’s Rare Metals Policy
    • Travelers Should Prepare For More Airline Fees
    • Delta Warns That Higher Fuel Costs Could Erase Gains
    • Bill Would Raise Motor Fuel Tax In Nebraska
    • Belgium Raises Just 3 Bln With 10-Yr Bonds
    • Greece Denies Seeking Repayment Extension
    • Camden Police Will Overlook Some Crime Due To Layoffs
    • Chancellor Warns Of Tuition Increases In Light Of Budget Cuts
    • SD Governor Expected To Seek Deep Budget Cuts
    • Harrisburg Mayor Refuses To Sign Budget
    • Moody’s Cuts Troubled Pennsylvania City’s Parking Debt
    • Md. Group Protests Over Possible Medicaid Cuts
    • NM Governor Fights Tax Hikes As Lawmakers Return
    • Branstad Says Hundreds Of State Layoffs Necessary
    • SC House Budget Subcommittees Beginning Hearings
    • GOP Leadership Outlines ‘Familiar’ Plan To Trim $1 Billion From State’s Projected Deficit
    • Department of Health Welfare Proposes Cutting Costs By Calling On Volunteers
    • Bad Budget May Halt School Construction In Wash. State

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  • Blog

    Daily Digest – Jun 27

    by Davos

    Saturday, June 27, 2009, 2:25 PM

    0
    • Fungus threat hangs over world wheat production
    • SEVERELY Bearish Treasury Development
    • Friday Night Special Massacre (1.04b, Week 18, 5 Banks This Week, 45 This Year)
    • Mounting Jobless Claims Force States To Borrow Funds (H/T RidTheMonster)
    • U.S. Stocks, Dollar Decline on China Calls for World Currency
    • State cuts tax exemptions for kids
    • Mass Layoff Events Continue Accelerating
    • Brussels to review workings of ‘dark pool’ trading facilities
    • Worries over systemic risk in CMBS sector
    • California Foreclosure Prevention Act: Creating an Army of Lifetime Renters in California
    • More retail sales (Chart)
    • Seasonal Home Sales Trend (Chart)
    • Want to Sell Your Home…. Reduce the Price (Charts)
    • The Fed’s Emails
    • Beware of Zombies Wearing Lipstick

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  • Blog

    Daily Digest – Jan 31

    by Davos

    Saturday, January 31, 2009, 1:46 AM

    0
    • Davos 2009, Are We Headed for a Great Depression? (Video)
    • Seriously alarmed (Hat Tip DamTheMatrix)
    • Bank Closures # 4, 5, & 6
    • GDP (Chart)
    • Worst January on Record for Stocks
    • Option ARMs See Rising Defaults 
    • Mayor’s Plan Calls For 23,000 Fewer City Jobs
    • Layoffs for January 2009 at America’s 500 largest public companies 162,962
    • Layoff Daily 
    • Chinese Premier Blames Recession on U.S. Actions (Video, Davos Keynote)
    • Russians to U.S.: Give us the Fed (Hat Tip PineCarr)
    • growing difficulty for britain 
    • US set for ‘big bang’ financial clean-up 
    • Glenn Beck, Inconvenient Debt (Hat Tip Trad) (Video)
    • H.R.1
    • H.R.1 Tables
    • Getting with the Program 

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  • Blog

    Daily Digest – Jan 29

    by Davos

    Wednesday, January 28, 2009, 10:08 PM

    0
    • The game changer By George Soros
    • The Nation’s Unemployed: Map of States (December)
    • Boeing plans to slash 10,000 jobs as the economy weakens
    • Plan for Banks’ Toxic Debt May Be Unveiled Next Week
    • Seven Suggestions for Dealing with the Banking Crisis (Hat Tip Christopher Peters)
    • Fed Shift Complicates Job for Experts, Central Bank  (Hat Tip Trad)
    • Used Car Value Index (Chart)
    • CBOT Paul Ryan Letter
    • WWII Veteran Freezes To Death In Own Home
    • Flood of foreclosures: It’s worse than you think 
    • Hamptons Prices Fall as Recession Hits Wall Street (Update1)
    • New York City fears return to 1970s 
    • AIG (AIG) To Pass Out Another $450 Million To Keep Workers 
    • Turning Japanese – The audacity of reality
    • History of Home Values (Chart From Quinn Article)
    • Foreign Holders of US Treasury Securities (Chart From Quinn Article) 

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  • Blog

    Daily Digest – Jan 25

    by Davos

    Sunday, January 25, 2009, 12:35 AM

    0
    • Icelandic government becomes first to be brought down by the credit crunch
    • Prescient Young Blogger Did What S. Korea Couldn’t — Foresee Global Financial Crisis
    • As Freddie Mac (FRE) Requests More Cash, The Scope Of The Bailout Gets Much Bigger
    • First Bailout Formula Had It Right
    • John Thain Called Out by the President
    • More layoffs expected at Starbucks
    • Bulls absolutely MUST break the VIX right here
    • The Aftermath of Financial Crisis (Draft/Harvard & NBER)
    • Financial Sense News Hour, January 24, 2009

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