Reversals Nineteen
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By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen April job cuts increased 47% from 2008 – government, auto and total lowest since October Firings to 132,590 compared to 08 90k 342,000 households got 1+ foreclosure-related notices in April 1/374 highest since Jan 05. Employers cut 539,000 jobs in April Unemployment from 8.5 to 8.9% and claims to 631,000 and continuing claims to 6.66M ending 5/16 Large business employment decline by 77000 and medium declined 231k and small size declined 183k . Job cut announced 132k in April decline 12% from March and lowest total since October Gaming jobs – 6300 lost or 12% since June 08 Newspaper – 9794 out in US in 2009 Chain stores – sales fell 1.2% week of 5/10 566,277 – layoffs at 500 largest public companies since 11/1/08
GM – close 1100 dealerships franchises not renewed after Jan 2010 and import Chinese made carts. Fritz Henderson CA – state of starts job cuts with 5000 government workers 5% and reduce funding for health and human services and higher education Nike – global workforce reduced by 5% or 1750 and 500 out in OR IBM – take time is voluntary in NY 1/3 pay during summer Vidoop – OR security and authentication software layoffs
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen
South Fla Sun-Sentinel – 30 newsroom people out The City Star – SF CA owned by Clarity Media and closed to become part of Examiner Wednesday and Friday Seagate – 110 out CA 2.5% including top management like Brian Dexheimer president consumer solutions and 5 senior VP an 17VP out 20% of jobs at or above president Caterpillar – 985 out Waterworks – chapter XI bathroom fixture closed 20 stores and its 31 year old company to keep 18 stores Tech Mahindra – layoff 14000 Satyam people New management Saga Foods – Hungaray 500 out of 1800. Rohm& Haas – mass layoff PA owned by Dow – layoff toinclude two directors and category manager Stock Building Supply – 2200 jobs lumberyards closed NC construction materials to builders and contractors with 7200. Gores Group Los Angeles bought 51% sstake from Wolseley Plc UK owned it since 1986. Fruit of the Loom – Berkshire Hathaway subsidiary 80 ou tin Ala Applied materials – 300 out American Express – 4000 jobs 6% Bendix Systems – 100 out Commercial Vehicle Systems laid off or furloughed worldwide Hutchinson Technology – 2000 44% MN disc drive and biomeasurement Freescale Semiconductor 900 out 2004 Rich Beyer TX
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Baidu – China – workers strike over pay cut Sutter Health – 121 IT jobs in CA health system
NebuAd – ad targeter closed – lawsuits over privacy violations and beta testing with Charter Communications led to class action suit Medtronic – MDT to cut 1500 to 1800 jobs Greyhound -187 out in TX and 93 at parent company FirstGroup America Intl Automotive Components – 133 on furlough IAC Local 2999 USPS – 25000 jobs out in 09 to 635000. Jon Potter Associated Press – AP buyouts to 263 people until 6/22 for technology people and others in US until 7/23 WMA – William Morris Endeavor Entertainment – agents and assistants in LA and NY and David Lonner, Steve Rabineauand Aaron Kaplan leaving as ranking agents Trusera – health site closed was called PeerWisdom – connect people with similar health issues – founded by former Amazon Keith Schorsch in 2008 WA Whataburger – FL 400 out and close stores Jeld-Wen windows – 247 out plant laying off workers Berkeley Unified school district – lay off 10 classified with clerks, custodians, bus drivers
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Getty Publications – 20% out new and longtime people Guardian News & Media – 38 out under voluntary reduncancy plan UK Free Press – MI Gannett 10% layoff Salt Lake Tribune – 3 graphics and online people out
Los Angeles Daily – 1 metro reporter out Wellcare health Plans – 360 0ut FL 9% Administer Medicare and Medicaid programs for federal and state agencies and there are investigations into their business so no new Medicare enrollees Panasonic – 15000 out GA Japan – closing plants in Japan and US HP – 6400 out and cut salaries of EDS people by 10% for April temporary cut for anyone making above 40k Mark Hurd Just Cause – CA Avalanche studios noticed 20 people – Just Cause 2 for Eidos and the Hunter for Emote games – Studio Endicott Interconnect Technology – NY 240 out American Express – NY 4000 out across business units markets and staff groups Nokia – 170 out global in production and logistics for mobile devices and buouts to 320 at manufacturing plant in Finland and similar program for 100 gloobal Nokia employees . handset Lockheed Martin – MD – 130 out with Pentagon budget cxuts layoffs in systems integration in NY Foonz – VOIP service suspended
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Tailrank – news aggregation gone and company focusing on platform that lets researchers and developers tap into services volumes of blog data. Spinn2r . Tailrank in 2005 to compete with Techmeme. NebuAd – enable Internet service providers to offer behavioral advertising based on ones web surfing closed consumer privacy lawsuit Like Phorm in UK QinetiQ – UK secret weapons tester cuts 400 jobs UPS Airlines – 80 mechanics out
Autodesk – CA 430 out and close some facilities Intel – 300 jobs out in IRE redundancy MS – cuts 300 jobs in CN and Taiwan IBM – 100 out in Taiwan S&K Menswear – closing all stores Television Broadcasts Ltd – layoff 110 in HK Stephen Chan Chi-wan GM
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Legal: DLA Piper – cut salaries associate from 145k to 130K and Partners Of Counsel and Seior Counsel reduced Simmons & Simmons – UK 91 people out Thacher Proffitt & Wood – dissolved Hunton & Williams – 23 attorney and 64 staff - 2% of 1000 attorneys and 6% of staff. Wally Martinez. Sonnestein, Nath & Rosenthal – to cut associates salaries Elliott Portnoy ending lockstep compensation
Fish & Richardson – 120 out second round in 09. Cold offered 1/3 of incoming first years and another 1/3 starts on time and rest deferred to 10/2010. Half of the deferred get stipend of 5k/month for 12 months and reimbursement for healthcare. Other half not getting hired get stipend for six months and reimbursement for health care and may or may not be hired in mid 2010 Bircham Dyson Bell – 15 out
Reversals Nineteen April job cuts increased 47% from 2008 – government, auto and total lowest since October Firings to 132,590 compared to 08 90k 342,000 households got 1+ foreclosure-related notices in April 1/374 highest since Jan 05. Employers cut 539,000 jobs in April Unemployment from 8.5 to 8.9% and claims to 631,000 and continuing claims to 6.66M ending 5/16 Large business employment decline by 77000 and medium declined 231k and small size declined 183k . Job cut announced 132k in April decline 12% from March and lowest total since October Gaming jobs – 6300 lost or 12% since June 08 Newspaper – 9794 out in US in 2009 Chain stores – sales fell 1.2% week of 5/10 566,277 – layoffs at 500 largest public companies since 11/1/08
GM – close 1100 dealerships franchises not renewed after Jan 2010 and import Chinese made carts. Fritz Henderson CA – state of starts job cuts with 5000 government workers 5% and reduce funding for health and human services and higher education Nike – global workforce reduced by 5% or 1750 and 500 out in OR IBM – take time is voluntary in NY 1/3 pay during summer Vidoop – OR security and authentication software layoffs
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen
South Fla Sun-Sentinel – 30 newsroom people out The City Star – SF CA owned by Clarity Media and closed to become part of Examiner Wednesday and Friday Seagate – 110 out CA 2.5% including top management like Brian Dexheimer president consumer solutions and 5 senior VP an 17VP out 20% of jobs at or above president Caterpillar – 985 out Waterworks – chapter XI bathroom fixture closed 20 stores and its 31 year old company to keep 18 stores Tech Mahindra – layoff 14000 Satyam people New management Saga Foods – Hungaray 500 out of 1800. Rohm& Haas – mass layoff PA owned by Dow – layoff toinclude two directors and category manager Stock Building Supply – 2200 jobs lumberyards closed NC construction materials to builders and contractors with 7200. Gores Group Los Angeles bought 51% sstake from Wolseley Plc UK owned it since 1986. Fruit of the Loom – Berkshire Hathaway subsidiary 80 ou tin Ala Applied materials – 300 out American Express – 4000 jobs 6% Bendix Systems – 100 out Commercial Vehicle Systems laid off or furloughed worldwide Hutchinson Technology – 2000 44% MN disc drive and biomeasurement Freescale Semiconductor 900 out 2004 Rich Beyer TX
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Baidu – China – workers strike over pay cut Sutter Health – 121 IT jobs in CA health system
NebuAd – ad targeter closed – lawsuits over privacy violations and beta testing with Charter Communications led to class action suit Medtronic – MDT to cut 1500 to 1800 jobs Greyhound -187 out in TX and 93 at parent company FirstGroup America Intl Automotive Components – 133 on furlough IAC Local 2999 USPS – 25000 jobs out in 09 to 635000. Jon Potter Associated Press – AP buyouts to 263 people until 6/22 for technology people and others in US until 7/23 WMA – William Morris Endeavor Entertainment – agents and assistants in LA and NY and David Lonner, Steve Rabineauand Aaron Kaplan leaving as ranking agents Trusera – health site closed was called PeerWisdom – connect people with similar health issues – founded by former Amazon Keith Schorsch in 2008 WA Whataburger – FL 400 out and close stores Jeld-Wen windows – 247 out plant laying off workers Berkeley Unified school district – lay off 10 classified with clerks, custodians, bus drivers
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Getty Publications – 20% out new and longtime people Guardian News & Media – 38 out under voluntary reduncancy plan UK Free Press – MI Gannett 10% layoff Salt Lake Tribune – 3 graphics and online people out
Los Angeles Daily – 1 metro reporter out Wellcare health Plans – 360 0ut FL 9% Administer Medicare and Medicaid programs for federal and state agencies and there are investigations into their business so no new Medicare enrollees Panasonic – 15000 out GA Japan – closing plants in Japan and US HP – 6400 out and cut salaries of EDS people by 10% for April temporary cut for anyone making above 40k Mark Hurd Just Cause – CA Avalanche studios noticed 20 people – Just Cause 2 for Eidos and the Hunter for Emote games – Studio Endicott Interconnect Technology – NY 240 out American Express – NY 4000 out across business units markets and staff groups Nokia – 170 out global in production and logistics for mobile devices and buouts to 320 at manufacturing plant in Finland and similar program for 100 gloobal Nokia employees . handset Lockheed Martin – MD – 130 out with Pentagon budget cxuts layoffs in systems integration in NY Foonz – VOIP service suspended
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Tailrank – news aggregation gone and company focusing on platform that lets researchers and developers tap into services volumes of blog data. Spinn2r . Tailrank in 2005 to compete with Techmeme. NebuAd – enable Internet service providers to offer behavioral advertising based on ones web surfing closed consumer privacy lawsuit Like Phorm in UK QinetiQ – UK secret weapons tester cuts 400 jobs UPS Airlines – 80 mechanics out
Autodesk – CA 430 out and close some facilities Intel – 300 jobs out in IRE redundancy MS – cuts 300 jobs in CN and Taiwan IBM – 100 out in Taiwan S&K Menswear – closing all stores Television Broadcasts Ltd – layoff 110 in HK Stephen Chan Chi-wan GM
By judy golden To track reversals in the world of work for workers and companies Friday 5/22 -----------------
Reversals Nineteen Legal: DLA Piper – cut salaries associate from 145k to 130K and Partners Of Counsel and Seior Counsel reduced Simmons & Simmons – UK 91 people out Thacher Proffitt & Wood – dissolved Hunton & Williams – 23 attorney and 64 staff - 2% of 1000 attorneys and 6% of staff. Wally Martinez. Sonnestein, Nath & Rosenthal – to cut associates salaries Elliott Portnoy ending lockstep compensation
Fish & Richardson – 120 out second round in 09. Cold offered 1/3 of incoming first years and another 1/3 starts on time and rest deferred to 10/2010. Half of the deferred get stipend of 5k/month for 12 months and reimbursement for healthcare. Other half not getting hired get stipend for six months and reimbursement for health care and may or may not be hired in mid 2010 Bircham Dyson Bell – 15 out
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