Job Cuts | featured news

ADP report indicates loss of 742,000 private-sector jobs, well ahead of expectations.

Drugstore operator Walgreen will offer free clinic visits to the unemployed and uninsured for the rest of the year, providing tests and routine treatment for minor ailments through its walk-in clinics though patients will still pay for prescriptions.

Ford Motor Co. said Tuesday it is offering a payment protection plan to help reassure consumers who may be putting off buying a new car because of worries about losing their job.

Amazon.com is shutting distribution centers in three states, and will lay off or transfer to other nearby facilities about 210 employees.

IBM's reported plans to lay off thousands of U.S. workers and outsource many of those jobs to India, even as the company angles for billions in stimulus money, doesn't sit well with employee rights advocates.

French workers at a factory south of Paris free their boss after holding him hostage in a dispute over lay-offs.

Fred Goodwin, the former chief executive of ailing Royal Bank of Scotland, was criticized for keeping his $1 million pension despite a string of ill-timed acquisitions under his reign.

Striking French workers of an American manufacturing company looked likely to hold their boss hostage for a second night on Wednesday after locking him in for more than 24 hours, as nationwide anger mounted over layoffs.

Oilfield services provider Baker Hughes has begun laying off 1,500 workers, or about 4% of its workforce, as part of a second round of cuts resulting from the economic downturn.

Today is Pink Friday, the deadline for California teachers to receive preliminary layoff notices, and teachers are out in full force protesting across the state.