Recession blues continue to put pressure on the US job market with layoffs rising for the first time in the past six months. Job cuts announced by employers jumped 31 per cent in July to over 97,000 after planned job cuts had fallen to a 15-month low in June. In a report published by global outplacement consultancy Challenger, Gray and Christmas Inc monthly job cuts are likely to return to the level in excess of 1 lakh by the fourth quarter.
HR firm says attrition rate in city highest in the country.
http://www.ibnlive.com/news/bangalores-it-tribe-fights-to-stay-on-the-job/97856-7.html
Boeing says it must reduce staff as per the size of contracts from clients.
http://www.ibnlive.com/news/downturn-still-around-boeing-cuts-1000-jobs/97248-7.html
The percentage suggests that about 400 people will lose their jobs.
http://www.ibnlive.com/news/myspace-to-lay-off-30-per-cent-of-staff/95066-7.html
The Minister spoke in reference to Satyam's plans to downsize.
http://www.ibnlive.com/news/govt-will-not-turn-blind-eye-to-layoffs-khursheed/93823-7.html
Microsoft had announced in Jan that it will fire 5,000 employees.
http://www.ibnlive.com/news/microsoft-sends-layoff-notices-to-3000-workers/91900-7.html
Pranab Mukherjee urges Indians to share the pain of economic crisis.
http://www.ibnlive.com/news/cut-salary-but-protect-jobs-govts-plea/85890-3.html
Employees say they were asked to leave an hour before their shifts.
http://www.ibnlive.com/news/no-warning-bmw-lays-off-850-workers-at-brit-plant/85595-7.html
GM had got $9.4 billion in federal loans to allow it to stay out of bankruptcy.
http://www.ibnlive.com/news/gm-cutting-10000-jobs-nike-another-1400/85030-7.html
American economists say they expect the recession to worsen this year.
http://www.ibnlive.com/news/over-50000-job-cuts-in-the-us--bloody-monday/83802-7.html
A shocking number of layoffs were announced on Monday in the US.
http://ibnlive.in.com/videos/83800/more-than-50000-job-cuts-announced-in-the-us.html
Company said decision was taken on account of shortage of power.
http://www.ibnlive.com/news/birla-lays-off-employees-at-auto-trim-unit/82084-7.html
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