pockyclypse

GM to cut 21,000 US factory jobs, shed Pontiac - Yahoo! Finance

2009-04-27T10:51:00.000-07:00

GM to cut 21,000 US factory jobs, shed Pontiac - Yahoo! Finance

Print Is Dead: Seattle Post-Intelligencer Dies Tomorrow

2009-03-16T11:18:00.000-07:00

Print Is Dead: Seattle Post-Intelligencer Dies Tomorrow:

"Hearst finally announced today that the Seattle P-I will stop printing tomorrow."

Perez Hilton: R.I.P.

2009-03-11T15:15:00.000-07:00

Perez Hilton: R.I.P.: "he Miami Herald, is laying off 175 workers, 19% of their staff."

Sony Pictures cuts 350 jobs

2009-03-10T16:34:00.000-07:00

Sony Pictures cuts 350 jobs

Hit & Run > Putting the "Government" in Government Sponsored Entities - Reason Magazine

2009-03-03T11:28:00.000-08:00

Hit & Run > Putting the "Government" in Government Sponsored Entities - Reason Magazine:

"Despite assurances that the takeover of Fannie Mae and Freddie Mac would be
temporary, the giant mortgage companies will most likely never fully return to
private hands, lawmakers and company executives are beginning to quietly
acknowledge."

LA Biz Observed: Read if you dare

2009-03-02T16:51:00.000-08:00

LA Biz Observed: Read if you dare:

"This could easily be free-fall here,” says Brian Bartsch, trader at Cohen
Capital. “There’s nothing good with this."

LA Biz Observed: Monday morning headlines

2009-03-02T10:38:00.000-08:00

LA Biz Observed: Monday morning headlines:

"The blue chip index hasn’t been this low since 1997. Is anyone really surprised?

AIG's massive loss: Call it history of the disquieting kind: AIG lost $61.7 billion in the fourth quarter, an all-time record."

Perez Hilton: R.I.P.

2009-02-26T14:53:00.000-08:00

Perez Hilton: R.I.P.:

"Denver's Rocky Mountain News is going out of business"

LA Biz Observed: Dow down to 7114

2009-02-23T15:54:00.000-08:00

LA Biz Observed: Dow down to 7114:

"the bottom won't be 7000-7500, but some level even lower. Maybe a lot lower. The Dow lost 250 points on Monday, closing at its lowest level since May 7, 1997. But that's not the worst of it. Nor is it that no one has the first clue about when the bottom might be reached."

What Drove Ritz Camera To Bankruptcy?

2009-02-23T15:24:00.001-08:00

What Drove Ritz Camera To Bankruptcy?:

"Ritz Camera’s bankruptcy filing comes as creditors seek money from the chain, published reports indicate. As much as $65 million is documented as being owed."

Meltdown

2009-02-23T15:24:00.000-08:00

Meltdown:

"The Wall Street Journal is reporting that the government may end up owning a 40% stake in Citibank."

Perez Hilton: R.I.P.

2009-02-20T14:51:00.001-08:00

Perez Hilton: R.I.P.:

"Disney has announced that it is planning layoffs at its theme parks operation."

J.C. Penney reports 51 percent slide in 4Q profit - 2/20/09 - Los Angeles-Southern California-LA Breaking News, Weather, Traffic, Sports - abc7.com

2009-02-20T14:51:00.000-08:00

abc7.com:

"J.C. Penney says fourth-quarter profit fell 51 percent as customers sharply cut spending on clothing and other more discretionary purchases as the recession deepened."

Perez Hilton: R.I.P.

2009-02-18T09:59:00.001-08:00

Perez Hilton: R.I.P.:

"GM (General Motors) has just announced that they will be cutting a massive 47,000 jobs."

Goodyear cutting nearly 5,000 jobs after 4Q loss - 2/18/09 - Los Angeles-Southern California-LA Breaking News, Weather, Traffic, Sports - abc7.com

2009-02-18T09:59:00.000-08:00

abc7.com:

Goodyear Tire & Rubber Co., the biggest U.S. tire maker, said Wednesday the global economic slowdown will force it to cut nearly 5,000 jobs this year after it posted a fourth-quarter loss and revenue sank 21 percent.

Toyota cuts production, workers - LA Daily News

2009-02-17T14:55:00.000-08:00

Toyota cuts production, workers - LA Daily News:

"Toyota Motor Corp. said Thursday that it is reacting to the slump in U.S. auto sales by further cutting North American production, slashing compensation for executives in the region by up to 30 percent, and offering buyouts to about 18,000 workers."

Viacom's Q4 profits plummet 69 percent - LA Daily News

2009-02-17T14:54:00.000-08:00

Viacom's Q4 profits plummet 69 percent - LA Daily News:

"Viacom, the big media company that is part of Sumner Redstone's empire, on Thursday reported a 69 percent drop in its fourth-quarter profit, even as revenue held steady."

d@n

2009-02-17T14:53:00.000-08:00

d@n:

Calculated Risk details the S&P 500 will report its first ever quarter of negative earnings (expectations are for a loss of -$10 per share).

VideUhOh: CNBC Anchors Totally Speechless Over Market Crash

2009-02-17T14:51:00.000-08:00

VideUhOh: CNBC Anchors Totally Speechless Over Market Crash

Charter Cable

2009-02-13T08:09:00.000-08:00

Charter Cable:

"Charter Cable has filed for Chapter 11 bankruptcy, but said operations will continue as normal."

Cynical-C Blog - Can People Safely Eat Cat Food?

2009-02-11T16:34:00.000-08:00

Could come in handy

Perez Hilton: R.I.P.

2009-02-11T14:30:00.000-08:00

Perez Hilton: R.I.P.:

"Muzak, yes - the elevator music people, have filed for bankruptcy."

Layoffs: Starbucks Lays Off 870 Assistant Store Managers

2009-02-11T12:51:00.000-08:00

Layoffs: Starbucks Lays Off 870 Assistant Store Managers:

"Starbucks announced today that they will be laying off 870 assistant store managers and not filling 530 vacant positions. In addition, 500 non-store positions will also be eliminated."

Just Do It: Nike Layoffs will see 1400 people go

2009-02-11T12:46:00.000-08:00

Just Do It: Nike Layoffs will see 1400 people go:

"Shoe companies aren’t immune to the global recession, with Nike set to announce layoffs of 4%, of 1400 people of form its 35,000 strong global workforce."

15 Companies That Might Not Survive 2009 - Yahoo! Finance

2009-02-10T16:42:00.000-08:00

15 Companies That Might Not Survive 2009 - Yahoo! Finance:

"Moody's Investors Service, for instance, predicts that the default rate on corporate bonds - which foretells bankruptcies - will be three times higher in 2009 than in 2008, and 15 times higher than in 2007. That could equate to 25 significant bankruptcies per month."

Verizon Wireless in the midst of laying off employees? : Boy Genius Report

2009-02-10T16:41:00.000-08:00

Verizon Wireless in the midst of laying off employees? : Boy Genius Report:

"Rumor has it that Verizon is in the process of an unannounced work force reduction that began yesterday, February 9th. The rumored layoffs will continue through the end of the month and will affect an unknown number of employees from management level down."

Perez Hilton: Wal Mart Makes No Sense!

2009-02-10T16:40:00.000-08:00

Perez Hilton: Wal Mart Makes No Sense!:

"Wal Mart has laid off between 700 and 1,000 employees at their Arkansas home office on Tuesday."

Wall Street frustrated with bailout - LA Daily News

2009-02-10T16:37:00.001-08:00

Wall Street frustrated with bailout - LA Daily News:

"The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points."

Xm Sirius: Sirius XM Is Going Bankrupt

2009-02-10T16:37:00.000-08:00

Xm Sirius: Sirius XM Is Going Bankrupt:

"Frankenstein XM Sirius is preparing 'a possible bankruptcy filing."

Perez Hilton: R.I.P.

2009-02-10T14:55:00.000-08:00

Perez Hilton: R.I.P.:

"Car manufacturer G.M. announced Tuesday that they plan to cut 10,000 jobs."

Perez Hilton: R.I.P.

2009-02-09T16:37:00.000-08:00

Perez Hilton: R.I.P.:

"Carmaker Nissan announced Monday that they are cutting 20,000 jobs worldwide."

Perez Hilton: Bad Times

2009-02-09T16:33:00.001-08:00

Perez Hilton: Bad Times:

"HERE is a list of 15 companies that might not survive 2009.
Not SixFlags!!!!!!"

Forrester to lay off 5 percent of workforce | Business Tech - CNET News

2009-02-09T16:33:00.000-08:00

Forrester to lay off 5 percent of workforce

Source: 'Significant' layoffs at MPAA | Digital Media - CNET News

2009-02-09T10:53:00.001-08:00

Source: "Significant"; layoffs at MPAA | Digital Media - CNET News

Bad Sign: Layoffs at About.com

2009-02-09T10:53:00.000-08:00

Bad Sign: Layoffs at About.com

Expect Ugly Job Numbers On Friday - Forbes.com

2009-02-09T10:52:00.000-08:00

Expect Ugly Job Numbers On Friday

Nissan To Ax 20,000 After Loss Warning - Forbes.com

2009-02-09T06:49:00.000-08:00

Nissan To Ax 20,000 After Loss Warning - Forbes.com:

"Japan's No. 3 automaker is set to post a net loss of almost $3 billion in this financial year and needs to trim costs."

Scary-ass job-loss chart comparing previous and current recession - Boing Boing

2009-02-08T17:35:00.000-08:00

Wow

LA Observed: LAT pressrooms to lose quarter of staff

2009-02-04T15:40:00.000-08:00

LA Observed: LAT pressrooms to lose quarter of staff:

"The pressmen's union at the L.A. Times has been told it looks as if 63 of the 244 workers at the printing plants downtown and in Costa Mesa will be laid off."

Perez Hilton: R.I.P.

2009-02-04T11:06:00.000-08:00

Perez Hilton: R.I.P.:

"Panasonic is cutting a whopping 15,000 jobs - they just announced today."

Schwarzenegger to expand furlough order - LA Daily News

2009-02-03T15:38:00.000-08:00

Schwarzenegger to expand furlough order - LA Daily News:

"The governor says a court ruling in his favor this week means he can furlough 15,600 employees of seven other elected officers and the independent Board of Equalization starting Friday."

Perez Hilton: R.I.P.

2009-02-03T15:33:00.000-08:00

Perez Hilton: R.I.P.:

"Fashion company Liz Claiborne Inc - which owns the brands Mexx, Lucky Brand, Juicy Couture and Kate Spade - announced today that it is cutting 725 jobs."

50 Riverside County employees to be laid off by June - 2/03/09 - Los Angeles-Southern California-LA Breaking News, Weather, Traffic, Sports - abc7.com

2009-02-03T15:32:00.001-08:00

abc7.com:

"The report, which will be presented to the Board of Supervisors Tuesday morning, says 50 county employees will be laid off by June."

New GM, Chrysler buyouts set - LA Daily News

2009-02-03T15:32:00.000-08:00

New GM, Chrysler buyouts set - LA Daily News:

"General Motors Corp. and Chrysler LLC are offering blue-collar employees another round of buyout and early retirement offers as the automakers try to cut their work forces and reduce expenses, union officials said."

AT&T Lays Off 30,000 Automated Operators | The Onion - America's Finest News Source

2009-02-03T15:31:00.000-08:00

AT&T Lays Off 30,000 Automated Operators

Curbed LA: Brentwood's Las Ventanas Didn't Sell A Single Unit

2009-02-02T16:56:00.000-08:00

Curbed LA: Brentwood's Las Ventanas Didn't Sell A Single Unit:

"Despite price reductions, not a single unit sold, and now the whole project is off the market"

LA Observed: LAT to cut 70 more in newsroom, 300 overall

2009-02-02T16:51:00.000-08:00

LA Observed: LAT to cut 70 more in newsroom, 300 overall:

"Los Angeles Times publisher Eddy Hartenstein and editor Russ Stanton have sent around their memos announcing the latest round of personnel cuts at the paper."

Starbucks: 300 Starbucks Will Close, Brand New Fancy Jet Will Be Sold

2009-02-02T14:10:00.000-08:00

Starbucks: 300 Starbucks Will Close, Brand New Fancy Jet Will Be Sold:

"Starbucks is closing an additional 300 stores, says the Seattle Times, and will eliminate 700 non-store and 6,000 store jobs."

Lights Out For Illuminations - LAist: Los Angeles News, Food, Arts & Events

2009-02-02T14:00:00.001-08:00

Lights Out For Illuminations - LAist: Los Angeles News, Food, Arts & Events:

"Yankee Candles' Illuminations stores have announced they are shutting down all 28 of their retail locations as part of a large financial restructuring plan."

Macy's: Macy's Fires 7,000 People

2009-02-02T14:00:00.000-08:00

Macy's: Macy's Fires 7,000 People:

"Macy's is slaying 7,000 positions from its payrolls. No news about any store closing so far."

Honda cuts managers' pay to cope with slow sales

2009-02-02T13:59:00.000-08:00

Honda cuts managers' pay to cope with slow sales - abc7.com:

"Honda Motor Co. says managers' salaries will be slashed 5 percent starting next month to cope with sliding sales. The cut comes on top of the 10 percent pay reduction for directors announced last month."

Mattel income plunges nearly 50% - LA Daily News

2009-02-02T13:44:00.000-08:00

Mattel income plunges nearly 50% - LA Daily News:

"The company said in an earnings statement that net income for the fourth quarter totaled $176.4 million, or 49 cents per share, compared to $328.5 million, or 89 cents per share in the previous fourth quarter."

Honda Swerves Into A Deep Ditch - Forbes.com

2009-02-01T07:29:00.001-08:00

Honda Swerves Into A Deep Ditch - Forbes.com:

"The Japanese automaker is on track for an operating loss of at least $3.7 billion in the current quarter."

Heavy equipment maker Caterpillar Inc. announces 2,100 new job cuts

2009-02-01T07:29:00.000-08:00

KABC-TV:

"Caterpillar Inc. on Friday announced 2,110 new job cuts as the heavy equipment maker scales back production to match falling demand."

Perez Hilton: Sony is Sinking

2009-02-01T07:28:00.000-08:00

Perez Hilton: Sony is Sinking:

"Sony's net profit dropped a massive 95% in the third quarter due to a strengthening yen, the gloomy economy and stiffer price competition from electronics rivals."

LA Biz Observed: Up close at 'Day to Day'

2009-02-01T07:27:00.001-08:00

LA Biz Observed: Up close at 'Day to Day':

"They were among the 64 NPR staffers who lost their jobs because of a budget crunch at the network - a crunch that's also resulting in the cancellation of 'Day to Day' as of March 20."

MOCA announces 32 staff layoffs - LA Daily News

2009-02-01T07:27:00.000-08:00

MOCA announces 32 staff layoffs - LA Daily News

Nikki Finke’s Deadline Hollywood Daily - Now It’s Disney/ABC Laying Off 400 Staff

2009-01-29T16:14:00.000-08:00

Nikki Finke’s Deadline Hollywood Daily - Now It’s Disney/ABC Laying Off 400 Staff:

"This latest whammy has Disney's ABC Television Group axing 4% of the total workforce all the way up into the executive ranks. About 200 open positions won't be filled, and another 200 staffers will be let go."

Cigna to Cut 1,100 Jobs, Sets $40 Million Charge - WSJ.com

2009-01-29T13:42:00.000-08:00

Cigna to Cut 1,100 Jobs, Sets $40 Million Charge - WSJ.com:

"Cigna Corp. is cutting 1,100 jobs, or 4% of its work force, by mid-2009 in the wake of investment losses last year and the slumping economy that is causing employers and consumers to reduce health coverage."

Financial Times Cuts 80

2009-01-29T13:41:00.001-08:00

Financial Times Cuts 80:

"The Financial Times announced Monday that it is eliminating 80 positions from its staff worldwide."

Google Cuts 100 Jobs, Closing Engineering Offices

2009-01-29T13:41:00.000-08:00

Google Cuts 100 Jobs, Closing Engineering Offices:

"Google has announced 100 layoffs and range of engineering office closures across three countries."

Perez Hilton: R.I.P.

2009-01-29T13:40:00.000-08:00

Perez Hilton: R.I.P.:

"The Boston Globe announced Thursday that it plans to cut around 50 newsroom jobs."

Pfizer Plans to Lay Off Up to 2,400 in Sales - WSJ.com

2009-01-29T13:38:00.002-08:00

Pfizer Plans to Lay Off Up to 2,400 in Sales - WSJ.com:

"Pfizer Inc. plans to lay off as many as 2,400 salespeople in the U.S., or as much as a third of its field force, according to a person familiar with the matter."

Blue Cross Blue Shield says they will cut up to 1,000 jobs in 2009

2009-01-29T13:38:00.001-08:00

abc7.com:

"The Detroit-based nonprofit said the moves are necessary to preserve its financial health."

Warner Brothers to eliminate nearly 800 jobs

2009-01-29T13:38:00.000-08:00

abc7.com:

"The company announced it is cutting 800 jobs, about 10 percent of its workforce. Six hundred will be laid off, 200 jobs that have gone unfilled will be eliminated or outsourced."

Microsoft: Microsoft Laying Off 5,000, Rumored Mostly From Xbox and Zune Division

2009-01-29T13:37:00.001-08:00

Microsoft: Microsoft Laying Off 5,000, Rumored Mostly From Xbox and Zune Division:

"Microsoft, the industry's unassailable juggernaut, apparently can bleed. It's laying off 5,000 workers of its 94,000-employee workforce. Rumor is, mostly from the amazing Entertainment and Devices teams."

Digg Prepares For Job Cuts, Expanded Sales Focus

2009-01-29T13:37:00.000-08:00

Digg Prepares For Job Cuts, Expanded Sales Focus:

"It’s not clear how many positions will now be eliminated, though rumors suggest the figure may be in the 10 percent range."

Microsoft Layoffs 2009: 5,000 Jobs Cut

2009-01-29T13:36:00.001-08:00

Microsoft Layoffs 2009: 5,000 Jobs Cut:

"The company announced a round of layoffs as part of its second-quarter report this morning. Five-thousand workers will get the ax over the next year-and-a-half."

Rumormonger: Google Engineers Fear 1,000 or More Layoffs

2009-01-29T13:36:00.000-08:00

Rumormonger: Google Engineers Fear 1,000 or More Layoffs:

"A tipster is hearing from inside the Googleplex that the company, which is set to report earnings today, could lay off 5 percent of its engineering staff."

Perez Hilton: R.I.P.

2009-01-29T13:22:00.000-08:00

Perez Hilton: R.I.P.:

"Kodak announced Thursday that it is eliminating between 3,500 to 4,500 jobs."

At ABC News, Pink Slips in News

2009-01-29T11:42:00.000-08:00

At ABC News, Pink Slips in News, Marketing | The Wrap:

"ABC Television Group president Anne Sweeney announced in a memo this morning that the company is 'now faced with the harsh reality of having to eliminate jobs in some areas.' A tipster tells TVNewser that ABC News will lay off 35-40 people from the news magazines, News Now and digital spheres and will not fill 60 open positions."

Americans receiving jobless benefits hits record

2009-01-29T11:33:00.000-08:00

abc7.com:

"The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, and more layoffs are spreading throughout the economy."

Mail: Post Office Could Cut One Day of Delivery--Tuesday

2009-01-29T11:09:00.000-08:00

Mail: Post Office Could Cut One Day of Delivery--Tuesday:

"Facing a potential $6 billion shortfall this year, the U.S. Postal Service is considering cutting one day of mail delivery—and it would actually be Tuesday, not Saturday."

Perez Hilton: Shiteous Economy = No Playboy $uper Bowl Party

2009-01-29T11:08:00.000-08:00

Perez Hilton: Shiteous Economy = No Playboy $uper Bowl Party:

"Cancellation was a necessary move as the bunny mag will be reducing jobs, consolidating its online and print divisions, and writing down the value of assets as much as $100 million, resulting in a fourth-quarter operating loss."

Perez Hilton: The Bubble Has Burst!

2009-01-29T11:07:00.001-08:00

Perez Hilton: The Bubble Has Burst!:

"The Pinkberry closures have begun!"

CSU suspends construction on more than 130 projects - LA Daily News

2009-01-29T11:07:00.000-08:00

CSU suspends construction on more than 130 projects - LA Daily News:

"CSU officials said Wednesday that the projects are being suspended because the state has stopped distributing money for university projects financed by state bonds.
The suspended projects include classroom buildings, libraries, performing arts centers and major infrastructure. There are about 13,000 jobs associated with the $848 million in construction."

Perez Hilton: R.I.P.

2009-01-29T10:56:00.006-08:00

Perez Hilton: R.I.P.

Harley Davidson, the motorcycle makers, are cutting 1,100 jobs.

Tech Insider - GigaOM - Salon.com

2009-01-29T10:56:00.005-08:00

Tech Insider - GigaOM - Salon.com

Today, troubled Sprint Nextel said it would eliminate 8,000 jobs, freeze salaries and cut its 401(k) match in an effort to save $1.2 billion.

General Motors to lay off 2,000 workers

2009-01-29T10:56:00.004-08:00

General Motors to lay off 2,000 workers, cut production - 1/26/09 - Los Angeles-Southern California-LA Breaking News, Weather, Traffic, Sports - abc7.com

Home Depot Layoffs 2009: Jobs Cut, Expo Centers Closing (Full List)

2009-01-29T10:56:00.003-08:00

Home Depot Layoffs 2009: Jobs Cut, Expo Centers Closing (Full List)

Home Depot has announced a series of cutbacks that will include thousands of layoffs and the closings of all Expo Design Center stores.

Job Losses

2009-01-29T10:56:00.001-08:00

Job Losses

Over 71,400 jobs were cut today, bringing the total jobs cut this year to over 200,000. CNN Money has a list of what's been lost in 2009 so far. [CNN Money] (Thanks to Olevia!)

Tech Insider - GigaOM - Salon.com

2009-01-29T10:56:00.000-08:00

Tech Insider - GigaOM - Salon.com

Corning says it will cut 3,500 jobs, or 13 percent of its work force, by the end of the year. Blame it on a 35 percent decline in LCD volumes that are likely to fall by another 20-25 percent in the first quarter of 2009.

Target Layoffs 2009: Who Will Be Affected

2009-01-29T10:55:00.003-08:00

Target Layoffs 2009: Who Will Be Affected

Target Corporation is announcing a series of layoffs Tuesday

AOL cuts 700, including Weblogs Inc lifestyle blogs

2009-01-29T10:55:00.001-08:00

AOL cuts 700, including Weblogs Inc lifestyle blogs

The Daily Dish | By Andrew Sullivan (January 29, 2009) - Culture 11 Shuts Its Doors

2009-01-29T10:55:00.000-08:00

The Daily Dish | By Andrew Sullivan (January 29, 2009) - Culture 11 Shuts Its Doors

This Is How Bad It Is: Part-Time Receptionist Help Wanted Gets 3520 Resumes In Under 24 Hours

2009-01-29T10:54:00.001-08:00

This Is How Bad It Is: Part-Time Receptionist Help Wanted Gets 3520 Resumes In Under 24 Hours

AstraZeneca Posts Lower Net, Cuts Jobs - WSJ.com

2009-01-29T10:54:00.000-08:00

AstraZeneca Posts Lower Net, Cuts Jobs - WSJ.com

Starbucks to cut 7,000 more jobs

2009-01-29T10:49:00.000-08:00

Source: KABC Los Angeles

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