A Laboratory of the Future Human Experience
The number of planned layoffs at U.S. companies leapt to their highest level in more than two years amid large cutbacks in the military and Bank of America, a private report shows.
Continue reading… “U.S. planned layoffs highest in more than two years”
Nearly 14 million people are out of a job and actively looking for work.
All of the economic news recently appears to be raising fears again among some American workers that they’re going to be getting a pink slip instead of a pay check.
Continue reading… “30% of American workers worried about getting laid off”
State and local governments have cut 142,000 jobs this year.
Is the mass layoff making a comeback on an already lousy job market? Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts this past week.
Continue reading… “The mass layoff making a comeback in the U.S.”
MySpace has been suffering from tumbling traffic and revenue over the past year.
Unfortunately for the staff at Myspace the New Year might not bring great news for them, with rumors of huge layoffs taking the shine of New Year’s Eve celebrations for a social networking pioneer MySpace.
Continue reading… “MySpace May Layoff Half of It’s Workforce”
Here’s a rather unexpected result of mass layoffs and high unemployment: the stress causes pregnant women to spontaneously abort more males, thus contributing to future gender gap.
To our ancient ancestors, those signs would presumably be signals of impending drought or other natural disaster, which would indicate a coming food scarcity. [Ralph] Catalano and colleagues concluded the closest thing we have today is the announcement of mass layoffs at major employers, which impacts “the degree to which the larger population perceives a threat to its economic security.”
Continue reading… “An Unintended Consequence of Mass Layoffs: Fewer Boys Being Born”
MySpace has let go of as many as 45 employees in the last week, we’ve confirmed. Sources close to the company say that the exact figure may be smaller, but that MySpace has definitely laid off a significant number of people. MySpace has refused to comment on the matter, so it isn’t clear if this was the result of a canceled project, general layoffs, or performance-based cuts. A source says that early signs indicate that the open positions will not be filled by other employees….
Continue reading… “Layoffs Hit MySpace”