Cuomo’s budget for New York state could lead to 10,000 layoffs
The newly-elected governor of New York has proposed a state budget that will reduce funding for state operations by 10 percent and potentially layoff almost 10,000 state employees.
BigLaw layoffs lower in 2010 than previous year, says law blog
BigLaw layoffs have slowed considerably in 2010 compared to the previous year, according to a blog that tracks layoffs at major law firms.
Yemen follows Egypt, Tunisia; protests against govt begin
Examples set by the Tunisian protesters are being taken up strongly by several countries suffocated with steep poverty and high unemployment rates.
BBC move to axe World Service may trigger 650 job cuts, loss of 30 mln listeners
The British Broadcasting Corporation (BBC) has announced slashing World Service program resulting in loss of 650 jobs and listeners to the tune of 30 million.
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Regis Philbin quit over pay dispute
Regis Philbin's decision to “retire” from his television show “Live! With Regis & Kelly” was apparently prompted by financial issues, not by his advanced age.
Immelt’s appointment has labor leaders concerned
Jeffrey Immelt’s appointment by President Obama to head his new White House economic council has some labor leaders concerned, given the perception that the boss of General Electric (NYSE: GE) is hostile to the union movement and is committed to outsourcing American jobs to foreign (cheaper) workers.
NYC jobless rate dips, but only because more people gave up looking for work
While it’s true that New York City’s unemployment rate declined to its lowest level in more than a year-and-a-half, it’s primarily due to the troubling reality that increasing numbers of people in Gotham have simply given up looking for work.
NYC Mayor threatens massive layoffs amidst pension reform crisis
As the battle over pension reform in cash-starved cities and states intensified, the Mayor of New York City fired another salvo by threatening municipal unions with huge layoffs if they don’t cooperate with his sweeping proposals to overhaul the system.
Obama signs regulatory strategy to foster employment
A new Executive Order by US President Barack Obama has laid down regulatory measures on Tuesday to promote the country's economic growth and foster job creation while protecting the health and well-being of Americans throughout effective regulations.
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