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.