Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations. Shares fell.
The average American employee who receives vacation or paid time off only used about half (51 percent) of this eligible time off in the past 12 months, and many can’t stop working even while they are away on vacation, according to a new survey released by Glassdoor.
Fewer teachers are expected to be laid off this year than the previous four school terms according to the state’s largest teachers union.
An auction for the remaining assets at the old Campbell’s Soup plant in South Sacramento begins Tuesday and runs through Thursday.
It’s not the way anyone wants to start the New Year; but in just a few weeks, nearly 300 Campbell’s Soup employees will spend their last day on the job as the plant readies to close after more than 60 years in Sacramento.
Bank of America will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The cost-cutting drive is part of a broader effort to reshape and shrink the nation’s largest bank as it copes with fallout from the housing bust.
A leading Bay Area manufacturer of solar power systems has abruptly shut down operations and laid off its staff while it sought to file for bankruptcy protection.
Worried about possible layoffs, school principal Michele Miller spotted a potential solution in her own home.
Yahoo is reducing its work force by 4 percent and as it hands out 600 layoff notices for the holidays.