Here’s our weekly dose of the highs and lows in the recruiting world(most of them are lows though!)
The craziest yahoo layoff stories….
Job cuts at Trail King……..
A Database of Californian companies forecasting job cuts!
The eye in the sky, CBS, starts thier round of job cuts…
Thats it for the day!
http://edition.cnn.com/2008/POLITICS/12/08/campbell.economic.crisis/index.html?iref=mpstoryview
In light of everything that’s happened(job cuts, recessions, economic crisis), Merril Lynch CEO, Jeff Thrain requests for a 10 million bonus. I’m speechless.
-Yasser
How the economic downturn has led to staff cutbacks at media companies…
A google map of sorts that details buyouts and job cuts in the newspaper industry…
Yahoo starts the inevitable job cuts….
yahoo-moves-ahead-with-layoffs-on-wednesday-the-details
1 Million Jobs Cut Every Month by Spring 2009?
Coming_soon_to_U.S._1_million_1207.html
Do check the links!
-Yasser
Dec 5, 2008 – The top 3 numbers that headlined news worldwide – 533,000 jobs lost, 6.7% unemployment rate, worst since 1974
”‘We have gone from recession into something that looks more like collapse,’ said Ian Shepherdson, chief domestic economist at High Frequency Economics, referring to the accelerating job losses in recent months.“
- Read New York Times article on http://www.nytimes.com/2008/12/06/business/economy/06jobs.html
“The U.S. government reported Friday that nonfarm payrolls were cut by a staggering 533,000 in November, exceeding even the pessimistic projections, while the unemployment rate hit 6.7%, which was slightly lower than expected. The figures appear to confirm the magnitude of the recession under way.“
- Read Forbes article on http://www.forbes.com/business/2008/12/05/government-unemployment-payroll-markets-econ-cx_md_1205markets10.html
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