Job Cuts | featured news

With the district in a financial crisis and hundreds of its members facing layoffs, the Milwaukee teachers union is taking a peculiar stand: fighting to get its taxpayer-funded Viagra back.

Authorities say several people were killed when a warehouse worker who had been told to resign opened fire at a beer distributor in Connecticut.

D.C.'s public school system will fire more than 200 employees for poor performance — 4% of its work force — and is putting another 700 employees on notice they will be fired in the next year if their performance doesn't improve, the school system announced Friday.

Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.

Wells Fargo said it will shut down a unit that makes "non-prime" real estate, auto and credit card loans and stop originating nonprime mortgages, eliminating a total of 3,800 jobs.

Hewlett-Packard plans to cut 3,000 jobs over the next few years as it ramps up its use of automated data centers for business customers, the company announced Tuesday.

Drugmaker Pfizer will cut 6,000, or 18 percent, of jobs at its 78 manufacturing plants over the next five years as it consolidates operations after  last year's purchase of  Wyeth.

According to a statement received by 1UP, 36 employees in Sega's San Francisco office and 37 in London have been made redundant as part of the reorganization.

In today’s job market, many good-paying jobs are being lost but aren't being replaced. As a result, some workers are finding they need more than one job to make ends meet.

It picked a bad time to sell a refinery in the developed world, but Chevron lightens up to focus on Asia and gas.