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Bank of America to Cut 30,000 Jobs As Part of $5 Billion Reductions
Bank of America to Cut 30,000 Jobs As Part of $5 Billion Reductions
Bank of America to Cut 30,000 Jobs As Part of $5 Billion Reductions
On Monday, Bank of America announced that part of its plan to cut $5 billion in spending by 2014 includes the elimination of 30,000 jobs. CEO Brian Moynihan made no mention of layoffs during an investor conference, and the bank says it expects the job losses to occur naturally through attrition and not rehiring when people vacate their positions.
US Postal Service Proposes Slashing 120,000 Jobs
US Postal Service Proposes Slashing 120,000 Jobs
US Postal Service Proposes Slashing 120,000 Jobs
Up to 120,000 postal workers may soon be out of work. And those remaining on the job could lose their federal health and retirement benefits. The US Postal Service’s proposal to slash its workforce by 20 percent would require breaking current labor contracts with the postal unions. If Congress approves the plan, the ripple effects would be felt by union members and federal employees across the cou
Nationwide Insurance To Cut 64 Jobs In Amarillo Branch
Nationwide Insurance To Cut 64 Jobs In Amarillo Branch
Nationwide Insurance To Cut 64 Jobs In Amarillo Branch
Click here to answer a trivia question about this post for VIP Rewards 64 employees of the Amarillo call office for Nationwide Insurance received 60 day notices that their jobs are being 'phased out'. While they are being offered severance packages, they are still being thrust into a job market that really isn't hiring in this "recovery"...
Unemployment Reaches 9.2 Again While Business Hiring Stalls
Unemployment Reaches 9.2 Again While Business Hiring Stalls
Unemployment Reaches 9.2 Again While Business Hiring Stalls
If you are trying to find a job in this "recovery", you are probably finding it a bit difficult. With only 18,000 net jobs created in June, this isn't even enough to keep up with population growth. Just to keep up with population growth there would need to be 125,000 jobs created each month and even more to lower the unemployment numbers...

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