Job Cuts | featured news

AOL is backing out of mainland China – again. Other than a PR rep or two, the company fired all 100 or so of its employees in its Beijing office, according Chinese portal Netease.com. The Wall Street Journal says the AOL China site hasn't been updated since Tuesday. The cuts are a part of AOL's plan to slash 10% of its workforce worldwide.

Battered by losses and redemptions, hedge funds worldwide could slash some 20,000 jobs this year as the outlook for investment managers remains dim.

United Technologies Corp cut its 2009 profit target by about 13 percent and said it would eliminate 11,600 jobs as it no longer anticipates an economic recovery this year.

Newspaper publisher McClatchy said Monday that it will shrink its work force by an additional 15% as it contends with sharply ...

The practice gives workers some security but, over time, employee morale still suffers.

Rising unemployment in Europe and the U.S. invites instability.

The aerospace company is consolidating administrative staffs in Redondo Beach and El Segundo, but still has more than 850 open positions for skilled, technical jobs.

Northrop Grumman Corp., the region's second-largest private employer, is planning to lay off as many as 750 workers, most of them in Southern California, as it consolidates administrative staffs in El Segundo and Redondo Beach.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

Number depends on level of voluntary departures

—American Airlines plans to furlough up to 410 flight attendants on April 1 unless it can get enough volunteers to take leaves, early departures or other steps to reduce their ranks.

The head of J.P. Morgan Chase's retail banking operations said Thursday that the firm plans to trim 12000 jobs from the headcount of Washington Mutual employees.