LayoffBlog.com

Sun Microsystems said it will cut 3,000 jobs over the next year, citing delays in its pending acquisition by Oracle, according to a regulatory filing released on Tuesday.

Source: CNN

• Oracle layoff news
  
  • Oracle layoff discussion thread [updated daily, (Hot)]
  • Oracle-Sun Deal [Update 04-20-2009, discussion thread]
  • Oracle plans to lay off up to 1,000 in Europe [Update 07-02-2009]
    

• Sun Microsystems: Supermassive layoff (up to 10,000) possible [Update 04-03-2009]

• Cisco layoff news
  • [07-16-2009] (New), Cisco lays off hundreds of workers at San Jose HQ
  • [07-10-2009] (New), Cisco cutting up to 2,000 jobs
  • Rumor: Cisco Systems to lay off IT contractors [updated daily, (Hot) discussion thread]
  • [Update 02-25-2009] Rumor: “1800 More just got laid off at Cisco”; Layoff in progress at San Jose, CA, Austin, TX - [confirmed]
    
  • Rumor: Cisco could announce a 10% headcount reduction [updated daily, discussion thread]

• Microsoft layoff news
  • Microsoft layoffs today [2-10-2009 update: Next layoff round: 872 in March]
    
  • [2-23-2009 update:] Microsoft: Laid-off can keep extra pay after all
  • [5-5-2009] Microsoft sends second wave of layoff notices to 3000

• Yahoo layoff news
  • (New) [09-08-2009] Yahoo morale plummets as Bartz sells shares

• H1B layoff news
  • U.S. announces arrests in several states alleging H1B visa fraud [Discussion thread]
  • Indian Firms, Microsoft Top H-1B List [Discussion thread]
• IBM layoff news, discussion
  • Mass Layoffs at IBM in January 2009 [1-26-2009 update: More possible layoffs reported]
  • [Update 03-25-2009] IBM to Cut 5,000 U.S. Jobs, Shifting Work to India, [ discussion ]

Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B | Facebook | Sun Microsystems

Shaw Industries announced this week that it will close its Ringgold plant, leading to loss of 430 jobs. The company said that the affected employees at Plant DX will have a preference for other openings at other plants.

Source: CoosaValleyNews

According to Dennis Rooney, Vice President of Human Resources for the Manitowoc Foodservice Company, more than two dozen employees were let go from the Kolpak plant located in Parsons.

The layoffs come after the McCall’s Refrigeration plant was recently shut down, displacing 53 workers. The plant was permanently closed on September 1.

A total of 30 employees were let go from the Parsons plant, which was renamed after the conversion with the McCall plant. The new operation is called Manitowoc Food Service Walk-ins.

Source: DecaturCountyOnline

Citing the downturn in the economy, McCoy’s Building Centers laid off an unspecified number of workers at its San Marcos headquarters this morning.

One of those who lost their job, speaking on condition of anonymity, said the cuts involved some employees who had been with the company for up to five years.

Source: SanMarcosRecord

Officials in Joliet, Illinois are celebrating the construction of a new transportation hub that’s expected to create about 6,000 construction jobs and thousands more permanent ones. Ocean-going containers will be taken on and off rail cars at a Union Pacific Railroad terminal within CenterPoint Properties’ new hub in Joliet.

Source: CNBC, AP

~News submitted by upthecreek

(EU): Unemployment in the 16 countries that use the euro rose in July to the highest in more than 10 years, showing that despite signs of recovery, the European economy continues to struggle. The jobless rate in the euro zone rose to 9.5 percent in July, the highest since May 1999, from 9.4 percent in June, Eurostat, the European Union’s statistical service, said Tuesday in Luxembourg.

Source: NYTimes

The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday, surprising economists.

There were 576,000 initial jobless claims filed in the week ended Aug. 15, up from a revised 561,000 the previous week, the Labor Department said in a weekly report.

Source: CNNMoney

Hexion Specialty Chemicals Inc.,the Columbus-based chemical maker, slashed its second-quarter loss but said Thursday it’s stepping up a cost-cutting plan that will include the restructuring of manufacturing facilities and more than 1,000 job cuts.

Source: BusinessFirstOfColumbus

~News submitted by upthecreek

The number of people filing first-time claims for unemployment rose by 4,000 in the week ended Aug. 8, to 558,000 from the previous week’s revised figure of 554,000, according to the U.S. Department of Labor.

Florida was among those states with the largest decreases in initial jobless claims, falling 3,358 in the week ended Aug. 1.

Source: TampaBayBizJournal

U.S. output per worker rose at its fastest pace in six years during the second quarter as businesses wrung more from shrinking staff in a sign that recovery from recession will be slow and unlikely to create a surge in hiring.

Source: Reuters

Below is a list of other venture capital-backed companies in alphabetical order that have gone belly up this year, as reported by VentureWire:

Allux Medical Inc., Menlo Park, Calif.
Argolyn Bioscience Inc., Durham, N.C.
Aspen Medtech Inc., Bellevue, Wash.
Autonomic Networks Inc., Mountain View, Calif.
BrightScale Inc., Sunnyvale, Calif.
Cogentus Pharmaceuticals Inc., Menlo Park, Calif.
Coghead Inc., Redwood City, Calif.
Cswitch Inc., Santa Clara, Calif.
DiObex Inc., San Francisco, Calif.
Dynogen Pharmaceuticals Inc., Waltham, Mass.
Elephant Pharmacy Inc., Berkeley, Calif.
Hammerhead Systems Inc., Mountain View, Calif.
Innovative Spinal Technologies Inc., Mansfield, Mass.
Kadoink Inc., San Francisco, Calif.
MetaRAM Inc., San Jose, Calif.
Nanochip Inc., Fremont, Calif.
NebuAd Inc., Redwood City, Calif.
Nevis Networks Inc., Mountain View, Calif.
nTag Interactive Corp., Boston, Mass.
OmniSonics Medical Technologies Inc., Wilmington, Mass.
Ortega InfoSystems Inc., Fremont, Calif.
Pegasus Biologics Inc., St. Paul, Minn.
SafePage Corp., Menlo Park, Calif.
Silicon Navigator Corp., Cupertino, Calif.
Sotto Wireless Inc., Bellevue, Wash.
TallyGenicom LP, Chantilly, Va.
TeachFirst Inc., Seattle, Wash.
TeeBeeDee Inc., San Francisco, Calif.
Trusera Inc., Seattle, Wash.
Ugobe Inc., Eagle, Idaho
Ultreo Inc., Redmond, Wash.
Verified Pass Identity Inc., New York, NY
Yoomba Inc., Menlo Park, Calif.

Source: WSJ

First-time filings for state unemployment benefits declined by 38,000 to a seasonally adjusted 550,000 last week, while the number of people who continued to collect regular benefits rose by 69,000 to a seasonally adjusted 6.31 million the prior week, the Labor Department reported Thursday.

Source: MarketWatch

ADP report shows fewer jobs lost in July, but still no hints that employers are ready to start hiring. The monthly employment survey from Automatic Data Processing showed private-sector payrolls trimmed 371,000 jobs, but the improved figure was still worse than economists projected.

Source: Forbes

Alabama’s debt-ridden Jefferson County laid off about two-thirds of its 3,600 employees on Monday because of plummeting revenues, a move that will sharply curtail services in areas ranging from roads to courthouses.

Source: Reuters

~News submitted by upthecreek

The composite second-quarter earnings for companies in the Standard & Poor’s 500 Index are expected to drop 31% from a year earlier, compared with a decline of 35% predicted last week.
Declines are expected in nine of the 10 sectors in the S&P 500 Index from a year earlier. The health-care sector is the only one expecting an increase in earnings, of 2%.

Source: WSJ

President Barack Obama’s $787 billion economic stimulus package will help put 14,200 teens and young adults to work this summer in Ohio, and most of the stimulus-funded highway projects in the state are reaching economically distressed areas, according to a federal report released Wednesday.

Source: CNBC, AP

~News submitted by upthecreek

Chicago officials say they must resort to laying off 1,500 union workers because union leaders have not agreed to proposed cost-saving measures.

According to a news release Friday, the city began sending out 1,504 letters to city employees, following rules requiring notice of layoffs several weeks in advance.

Source: WQAD

Los Angeles Mayor Antonio Villaraigosa urged the City Council to declare a fiscal emergency to hasten mandatory furloughs and layoffs for an additional 1,000 city workers.

Source: ATT Money News, AP

~News submitted by upthecreek

According to Dow Jones, Morning Star: “Singapore Minister for Manpower Gan Kim Yong Wednesday said that layoffs during the first quarter of 2009 is likely to have crossed 10, 000.”

~News submitted by upthecreek