Job Cuts | featured news

U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.

Most economists in the Journal's forecasting survey said the U.S. doesn't need another round of stimulus, despite expectations of severe job losses.

Lloyds Banking Group said it was reorganizing its group and wholesale operations, which would result in a loss of 2,100 jobs over the losses already announced.

Kimberly-Clark Corp. on Thursday said will cut its global salaried work force by 1600 positions, as the household-products maker provided some details of cost-cutting actions previewed in April.

A Nestle plant linked to an outbreak of illness has been shut temporarily, and the company said Monday that it expects to lay off more than 200 workers as a result.

Social networking site MySpace said Tuesday that it plans to slash nearly 30% of its workforce, leaving it with 1,000 employees.

he Dow industrials ended slightly higher on Friday while the S&P 500 and the Nasdaq dipped as investors paused to consider conflicting signals in monthly U.S. jobs data.

The U.S. unemployment rate was the highest in 26 years, the government said on Friday, but the loss of 345,000 jobs in May, fewer than expected, was seen as a sign that the job market was no longer in free fall.

Unable to stop the tide of foreclosures and job losses, lawmakers are hoping to give voters at least some breathing room in the ...

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.