FMHR trader Jon Najarian explains why he is watching Autodesk.» Read More
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The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
More companies announced layoffs on Thursday as the employment picture continued to dim.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
More companies announced layoffs as the employment picture continued to dim.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
The worst kept-secret on Wall Street is that this quarter's earnings season will be disastrous. The best-kept secret is what lies beyond the carnage.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
Autodesk is down more than 11 percent Thursday on news of job cuts and lower revenues than expected, and options traders are betting that it will fall even further, with only one day left before January contracts expire.
Autodesk, the software company that has lost its leader to Yahoo, is cutting 750 jobs, or about 10 percent of its work force to cut expenses and expects to report a loss rather than a profit for the fourth quarter.
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