Job Cuts force Single-Salary Homes to Rely on Installment Loans
Reorganization of finances
Single salary homes are looking more and more to installment loans as a way to pay bills. The unemployment rate is affecting Americans in a big way. Kelsey David of Pontiac, Michigan stated, “We were used to having two salaries. We didn’t live like kings or anything, but [...]
More Microsoft Layoffs hit on Cinco de Mayo
Round two of Microsoft Layoffs 2009 begins
Happy Cinco de Mayo, Microsoft employees. You may have an additional reason to indulge in some tequila, and that reason might be a pink slip. Microsoft bid about 3,000 employees “adios” today as it continued its goal of completing 5,000 Microsoft layoffs by June [...]
IBM and Sun Microsystems Get Closer to Merger
Layoffs inevitable if companies merge
It has been rumored for weeks that IBM is considering buying Silicon Valley computing pioneer Sun Microsystems. Those rumors appear to be valid. Forbes magazine reports that the companies are inching ever closer to joining forces. Forbes also reports that said merger could result in 10,000 [...]
FedEx Layoffs Hit Memphis Hardest
Company cuts 1,000 jobs
FedEx layoffs went through today after a warning about two weeks ago that they were coming. In total 1,000 workers worldwide were affected. About half of those were in Memphis, Tenn., where the company is based.
Do the math
The layoffs are part of FedEx’s effort to cut $1 [...]
Lexington Herald Leader Caught in McClatchy’s Wave of Layoffs
Newspaper conglomerate has master plan
The Lexington Herald Leader is the latest McClatchy newspaper to get swept up in economic turbulence. The Kentucky newspaper on Monday laid off 49 full time employees and 4 part-time workers.
The layoffs are part of McClatchy’s overall effort to eliminate about 15 percent of its total [...]
IBM Layoffs | 5,000 U.S. Jobs Cut
Big company, big cuts
News of impending layoffs at IBM leaked yesterday, but the official numbers weren’t confirmed until today. IBM says it is cutting 5,000 jobs in the United States. Hopefully their severance packages are big enough that they won’t need short term loans to get by.
Headed for the door
Yesterday, [...]
More IBM Layoffs in the Works
Company Cuts Jobs Despite Strong Quarter
When its financial quarter ended in January, IBM reported net income of $4.4 billion, or $3.28 a share, on revenue of $27 billion.
Nevertheless, the technology giant’s employee union posted a warning on its site that job cuts are imminent.
Round 2 for 2009
The number of layoffs [...]
Wall Street to Increase Salaries as Much as 100 Percent
Wall Street just doesn’t get it
President Obama may have spoken out against executive pay raises and exorbitant bonuses, but that doesn’t mean that the mavens of Wall Street aren’t still trying to squeeze the money train for all it’s worth.
Joseph Giannone reports for Reuters that annual salaries for bankers, traders [...]
United Technologies Plans to Cut 11,600 Jobs
Major tech company feeling the crunch
United Technologies Corp., maker of Otis elevators and Carrier air conditioners, says it will slash 11,600 jobs worldwide. The company is struggling with lower sales and profits.
Chief Executive Officer of United Technologies Louis Chenevert says the company had been expecting an economic recovery during the second part [...]
Massive Layoffs Make Massive Jump in January
Payrolls get the ax
The number of companies that made “mass layoffs” in January is up 50 percent from the same month last year. Mass layoffs are when a single employer lays off more than 50 employees at one time.
A total of 2,227 employers made mass layoffs in January, the government [...]
Payday Loans and Unemployment Still Climbing
Jobless rate doesn’t drive down payday loans
Given the unemployment rate and the new rounds of job cuts being announced daily, it’s a bit surprising that the number of people who collect payday loans continues to rise. People collecting unemployment insurance typically don’t qualify for payday advance loans.
Payday loans help in [...]
Monday Job Cuts | Update From Fast Payday Loan Store
Macy’s, Chili’s and Morgan Stanley make cuts
As promised, your fast payday loan store delivers news on today’s layoffs.
Macy’s heads the pack as far as number of jobs to be cut today. The department store chain announced today that it will ax 7,000 positions. The jobs lost will be a mixture [...]
Weekend Job Cuts | Update by No Fax Payday Loan Source
Silicon Valley about to take a hit
As promised, your no fax payday loan source provides an update on layoffs announced over the weekend.
Japan-based NEC Corp. announced late Friday that it will lay off up to 20,000 employees, starting in April. The “good” news is, those 20,000 job cuts will be [...]
Quick Payday Loan Source’s Daily Job Cuts Roundup
City governments, Caterpillar slash jobs
As promised, your source for a quick payday loan brings you some high-profile job cuts announced today.
The third-most populated state in the country has hit quite the rough patch. Wednesday New York Schools Chancellor Joel Klein announced that if the governor’s current budget passes, the state [...]
Daily Job Cuts Update | From Your Online Payday Loan Store
Picture This: Kodak cuts up to 4,500 jobs
Your online payday loan store gives daily updates about the biggest companies making the biggest layoffs.
Eastman Kodak announced it will cut between 3,500 and 4,500 jobs, up to 18 percent if its workforce. The company lost $137 million in the fourth quarter of [...]
Unemployment Update | By Your No Fax Payday Loan Source
Unemployment rises in all 50 states
Your no fax payday loan source keeps you updated on the economy.
Well, the States are United on one thing for sure: All 50 states had a higher unemployment rate in December than they did in November. The rate was also higher in all 50 states [...]
Job Cuts Update | from Your Online Payday Loan Source
Several companies’ job cuts total 45,000
Some workers may be rushing to get an online payday loan while they still have paychecks coming. Monday morning some massive American companies announced some massive layoffs. Between five companies a total of 45,000 job cuts will be made.
Unemployment has been climbing steadily for months, [...]
More Job Cuts | Article by Your Payday Loans Source
Big companies are making big cuts.
If the trend of setting interest caps on payday loans continues, it will likely amount to a lot of layoffs in the payday loan industry. Many companies have already experienced such financial turmoil that they are making massive cuts to the size of their staffs.
Unemployment [...]
Pay Cuts and Payday Loans
Laura Glick didn’t used to need payday loans; as a mortgage broker she made a six-figure salary. Then she couldn’t get payday loans because she was unemployed. Now she is looking forward to even more financially trying times as she applies for a job that will pay between $7 and [...]
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