layoffs

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$50 Oil Will Cost at Least 1 Million Jobs

A study in 2008 about the collapse of the auto industry in America said the disaster would cost as many as 3 million jobs. The research from the Center for Automotive Research (CAR) covered only those jobs ...
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Big Unexpected Surge in Weekly Jobless Claims

The U.S. Department of Labor has released the most recent report on weekly jobless claims. For the week ended on February 7, initial claims came in 25,000 above the previously ...
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Connecticut Lagged US in Job Creation in 2014

Connecticut fell below every other state in the nation in terms of job creation in 2014. North Dakota led the list. Clearly that could change this year as oil prices ...
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Labor Department JOLTS Report: Highest Job Openings Since 2001

The U.S. Department of Labor has released its Job Openings and Labor Turnover Summary, or the JOLTS report, for December 2014. There is a lag here to the traditional employment ...
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Sharp Rise in Layoffs — Tied Directly to Lower Oil Prices

Friday's unemployment and payrolls report from the U.S. Labor Department is highly anticipated, but we are starting to see a dark side of the oil economy when it comes to ...
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ADP Sets Weak Tone for Labor Department Payrolls and Unemployment

ADP has released its January private sector payrolls report, and on the surface it looks disappointing. Still, there may be a flip side here. ADP said that 213,000 jobs were ...
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Jobless Claims Hit New Decade Low

The U.S. Labor Department is out with yet another installment of its weekly jobless claims report. While many of the economic numbers have been disappointing on a larger scale, the ...
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Oil refinery

Will Enterprise Discuss Layoffs, Costs or Future Distributions With Earnings?

Enterprise Products Partners L.P. (NYSE: EPD) is set to report its fourth-quarter earnings Thursday morning. The giant master limited partnership (MLP) has an infrastructure and toll road model in the ...
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Falling Oil Forces US Steel Facility Closures

United States Steel Corp. (NYSE: X) will lay off roughly 750 employees between two plants, undoubtedly the result of falling oil prices. It is worth noting that these facilities are ...
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10 Companies Cutting the Most Jobs

Through August, planned job cuts were slightly lower than they were during the first eight months of 2013. In all, companies have announced just under 333,000 planned layoffs so far ...
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Do Layoffs in Biotech Send the Right Message?

Investors could be facing a new future in biotech. After years and years of growth and after massive gains in recent years, is it possible that biotech giants are simply ...
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Microsoft Firings Hit Former Nokia Employees Hardest

The planned cut of 18,000 employees at Microsoft Corp. (NASDAQ: MSFT) will hit hardest the 25,000 or so employees that joined the company as a result of the the Nokia ...
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HP Layoffs May Not Be Over

As many has 16,000 workers will be cut by Hewlett-Packard Co. (NYSE: HPQ), an addition to a long list of layoffs that over the years has stretched into the tens ...
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HP Turnaround Debacle: Thousands of More Layoffs

Hewlett-Packard Co. (NYSE: HPQ) may have released its earnings report early. Whether this was intentional, an accident or a leak is something we will leave to your imagination. What was ...
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Citigroup Thrives on Cost-Cutting

Citigroup Inc. (NYSE: C) reported first-quarter results before markets opened Monday. The investment bank and financial services giant reported adjusted diluted earnings per share (EPS) of $1.23 on revenue of ...
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