Archive for December, 2010

Layoffs smaller than city foresaw in 2011 budget

When the administration of Anchorage Mayor Dan Sullivan first presented its 2011 budget proposal, it looked as though up to 31 people could be laid off around the beginning of the year due to budget cuts.

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Guyana condemns Rusal layoffs, seeks arbitration

A Russian-owned bauxite company will face sanctions if it refuses to meet with government officials about the dismissal of more than 120 workers, Guyana’s labor minister said Friday.

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MySpace mulls layoffs, with potential sale looming

Cost-cutting measures at the troubled site could result in as much as a 50 percent cut in staff, sources tell All Things Digital.

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Myspace Mulls Layoffs: Report

NEW YORK (TheStreet) — Myspace, the ailing social network, is reportedly mulling massive layoffs, according to AllThingsDigital. More than 50% of Myspace’s 1,100 employees could be impacted, the report said. Myspace, owned by media conglomerate News Corp, recently redesigned its site and shifted its business towards media and entertainment to avoid competing with rival Facebook in the social …

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Layoffs Mount in 2010: What Does it Mean for 2011?

NEW YORK (TheStreet) — The job market did not witness the same recovery the overall economy did in 2010, and remains the biggest wildcard to continued improvements in 2011. The year started with the national jobless rate at a whopping 10%. That number tapered a bit, dropping to 9.5% midway through 2010, before rising again to 9.8% in November. While those who have jobs are more confident that …

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Trenton delays pending layoff of 61 firefighters

TRENTON — Dozens of firefighters in New Jersey’s capital city will keep their jobs for at least a few more weeks.

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