Archive for the 'Layoff' Category

Newsday has a good article that highlights the different perspectives at work after a lay off.
After American Home Mortgage laid of 1500 workers on August 3, 2007 many have been scrambling for new positions in the Long Island NY area. Many of them are still unemployed, their unemployment checks are about to end soon and [...]

He was facing a layoff – called a “redundancy” in the UK – and had to figure out how to provide for himself after 22 years of being an “employee”.
Here’s what he started looking for:
1. A Franchise
2. Brand name in the market
3. Good business owner support
4. No expensive retail location
5. Maximum @$60,000 (£30,000) investment
They ended [...]

A 64 year old store manager for a Taco Bell in Minnesota owned by Borders, Inc. was fired after a strong 30 year career according to the StarTribune.com. She had, like many, planned on working till 70 because of the rising cost of living and health care. Despite non-discrimination laws, older workers find it almost [...]

This laid off factory worker is happy now that she was put out of a job. In fact it forced her to learn web design skills and gave her a whole new life and business.  Once laid off she went back to school to learn about computers and photography.
From the Wadena Pioneer Journal
Today, she teaches [...]

Circuit City is laying off 3400 workers it believes are over paid. Then they will rehire for the same positions and pay less. They expect to have plenty of applicants. Some may even know something about electronics!
What does it mean?
It wasn’t exactly the “shot heard ’round the world” but it signals publicly what everyone has [...]

Citigroup is reportedly considering a layoff of up to 15,000 workers – 5% of it’s workforce to boost performance of it’s stock.
Stockholders demanded better performance for the stock.
Hopefully they will have another stragegy in place – like working from home – in the event of this layoff materializing.

As many of my readers may have picked up, I do lots of work with “dislocated workers�. That’s a fancy term for people whose jobs have been shipped overseas. The county where I live has an unemployment rate over 8% most of the time. I’ve seen it as high as 13%.Those are the “official� numbers.
Sometimes [...]

I didn’t post yesterday because I was in bed sick.
I started coming down with something that I noticed Sunday PM.
I had an appointment with my physician for Monday anyway. I went there, got some prescriptions for this bug I have and am hopefully on the mend.
But while I was there, I asked if he thought [...]

Ok, I know we’re a home business or work at home blog. Lots of people turn to this field because of a layoff or ‘downsizing’. In other words it’s chosen out of necessity and at the worst of times and – for that reason – more likely to fail or cause someone to fall victim [...]

When Ross Perot ran for President, he talked about the dangers of NAFTA saying that it would create a “Giant Sucking Sound” as jobs fled the United States.
Now, Ross Perot’s company, Perot Systems, is taking advantage of cost savings south of the border and opening a service center in Mexico to serve U.S. companies seeking to [...]