Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|March 1, 2009|
Layoffs soared in January, continued in February. Not surprisingly, new job postings were down too.
The U.S. Department of Labor reported last week that the number of “mass layoffs” — job cuts of 50 or more workers by a single employer — increased to 2,227 in January, up almost 50 percent from January 2008.
As we reported throughout February, the shedding of jobs has not stopped as employers have continued cutting workers, cutting positions.
Here’s the list of shame of employers who announced job cuts (or even more job cuts) of 400 or more employees in the last week of February:
- Cisco Systems (8,000 jobs)
- Nortel Networks (3,200 jobs)
- Neiman Marcus (450 jobs)
- Dow Corning (800 jobs)
- Spansion (3,000 jobs)
- Micron Technology (2,000 jobs)
- J.P. Morgan (1,800 jobs)
- Pilgrim’s Pride (3,000 jobs)
The list does not include the Walt Disney Company, which announced a major restructuring of its theme parks division (including offering voluntary packages), but would not comment on any estimated number of layoffs or reductions.
Finally, Indeed.com, the job-search engine that aggregates job postings from all over the Web, reported that job postings fell in all 12 major industry segments in January, with many down about 50 percent from January 2008. Education and healthcare, while down, were the lone bright spots in the report. See all the details in this entry from the Indeed.com Job Trends.
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