Layoffs

Thumbnail image for Now is the Time for Optimism

Now is the Time for Optimism

Friends and family are losing their jobs. The stock market has tanked. Home values have deteriorated dramatically. The situation is dour, but an important step in the recovery process is for individuals to begin recognizing that recessions are part of the natural business cycle.

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Thumbnail image for The Best Articles We’ve Read This Week: The Feb 27 HitList

The Best Articles We’ve Read This Week: The Feb 27 HitList

Every Friday The Daily Anchor offers up the best articles we’ve read all week. Most are recent, some are old, but hopefully they’ll all be useful, interesting or entertaining. The list isn’t huge and it isn’t exhaustive, because if it were there’d be no chance you’d read them all.

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Thumbnail image for Recession Proof Industries: A Few Unexpected Industries That Are Up When the Economy is Down

Recession Proof Industries: A Few Unexpected Industries That Are Up When the Economy is Down

A while back we wrote about how to find a job in a recession, and we recommended you look into industries that are expected to keep growing despite the downturn. Most of those industries were pretty obvious, though, so here’s a look at some unexpected industries that continue to rock through the recession.

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Thumbnail image for Best Craigslist Job Hunting Post Ever (Warning: vulgar)

Best Craigslist Job Hunting Post Ever (Warning: vulgar)

Last week Ella Keeven offered insight into how to better position yourself in a job search by thinking of yourself as a product, but I’ve found another novel approach to job hunting… A colleague forwarded me the following Craigslist post, and while it’s wholly vulgar and wide outside the usual tenor of The Daily Anchor, I thought many of our readers would relate to this one man’s frustration.

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Thumbnail image for EXCLUSIVE: Restoration Hardware Planning Top-Level Layoffs

EXCLUSIVE: Restoration Hardware Planning Top-Level Layoffs

Inside sources are reporting that home furnishings giant Restoration Hardware is planning to consolidate its upper-management in a last-ditch effort to reduce costs by cutting high salaries. Recent layoffs of low-level employees have shifted the workload to managers, leaving middle-management stretched too thin while not staving off the company’s financial crisis.

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Thumbnail image for If All This “how-to…” During A Recession Advice Worked, Then Why Don‘t I Have A Job?!

If All This “how-to…” During A Recession Advice Worked, Then Why Don‘t I Have A Job?!

Just like many of you, I was laid off when the market tanked. I guess considering that I was in marketing for a real estate development company, I was asking for it. Now I am getting frustrated…grrrrr…I am a hard worker, awesome at what I do (did) and I want to get back to doing it. So why is no one responding to me?!?!

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Thumbnail image for Rapp Layoffs: Agency Culls Freelancers and High-Salaried Employees

Rapp Layoffs: Agency Culls Freelancers and High-Salaried Employees

The Daily Anchor has just received an inside tip that heads are being culled at Rapp Ad Agency in Ogilvy-style. Higher salaried employees and freelancers are getting the boot, but managers are said to be safe for now. Thus far I’m hearing reports of 13 layoffs in New York and 6 in Chicago, but 10% of the workforce is said to be targeted for layoffs.

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Thumbnail image for The Benefits of a Recession are the Same as Those of a Forest Fire

The Benefits of a Recession are the Same as Those of a Forest Fire

This is a stressful, painful, and trying time for many of us, particularly those who have found themselves unemployed following a round of “strategic workforce reductions.” To be sure, before this ends we will suffer the loss of more jobs, homes, savings, and investments, but I dare say that at the end of this recession we will be a better nation for…

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Thumbnail image for A Survival Guide for How to Keep Your Job in a Recession

A Survival Guide for How to Keep Your Job in a Recession

It doesn’t matter where you work or what your position is or how secure you think your job is; in this recession nobody is inherently safe from “strategic workforce reductions.” You need to earn your pay every day and continually reaffirm your worth in your employer’s eyes, and even then there are no guarantees. If you don’t believe me, ask some of the employees who…

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Thumbnail image for Microsoft Layoffs: 5,000 Jobs to be Cut Over Next 18 Months

Microsoft Layoffs: 5,000 Jobs to be Cut Over Next 18 Months

This morning Microsoft CEO Steve Ballmer sent an email to all Microsoft employees announcing plans to layoff 5,000 employees over the next 18 months. Most news sources are saying “an internal email was leaked to the press,” which makes this sound like the email was intended to be kept private. However…

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Thumbnail image for Tax Implications of Leaving Your Job – Some Good, Some Bad

Tax Implications of Leaving Your Job – Some Good, Some Bad

If you lose your job, you could be in for some tax surprises – some nice, some nasty. If you receive unemployment benefits or severance pay, cash in a retirement account or have a big change in income, your tax bill could be much more – or less – than you expect. To avoid surprises, here are some tips…

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Google Layoffs 2009: Google Cuts 100 Positions yet Manages to Redeem Itself

Earlier this week Google closed several engineering offices and eliminated 100 recruiting positions (Googlers, not contractors this time), but handled it such a way that it actually serves as a model for how other companies should manage layoffs…

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Pfizer Layoffs 2009: New Details Emerge and Rumors Abound

Pfizer has announced a new round of layoffs. The cuts target 800 research positions, 556 sales positions in Italy, and nearly 1,000 sales positions in France. I’ve compiled the hard facts that have been reported thus far, as well as unsubstantiated but seemingly credible details on how Pfizer will determine who gets laid off…

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Oracle Layoffs 2009: Sorting Fact from Rumors

Layoffs at Oracle began on Friday 1/9, but so far rumors abound while hard facts and figures are difficult to come by. Shocking. In an effort to sort the wheat from the chaff, here’s the latest separation of fact and fiction…

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Ogilvy Layoffs 2009: Follow-up

As a follow-up to our coverage of Ogilvy’s recent layoffs, we bring you “The Top 6 Layoff Headlines that Were Never Posted on Ogilvy.com” as well as “Key Excerpts from Recent [awesome] Comments in the Blogosphere…”

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Google Layoffs: 5,000-10,000 Contract and Temp Jobs Get Cut

Details are murky, but Google Inc. has cut 5,000-10,000 temporary workers in a recent austerity drive spurred by the recession, although the Internet search leader still intends to spend billions of dollars during the next two years on product research, development and acquisitions…

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Ogilvy to Layoff 10% of U.S. Staff

In response to reductions in client spending, layoffs began yesterday at The Ogilvy Group. Some sources are estimating up to 300 North American employees will be laid off, while others are predicting a 10% reduction. BNET is predicting that this is just the beginning of a wave of thousands that will go through WPP’s agencies in the coming year…

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What Layoffs Mean for Small Employers

Statistics show that small-business hiring is at a standstill, but some companies are finding creative strategies to retain workers for the next upturn.

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