NEW YORK— As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. For instance, Exxon Mobil said Friday it cut spending by $1.54 billion in the second quarter, while Chevron announced it is laying off 1,500 workers.» Read More
Companies have been slowly adding workers for more than two years. But pink slips are still going out in a crucial area: government, the New York Times reports.
CNBC.com spoke with human resource experts to find out the five tell-tale signs that you may need to update your resume.
Robert Albertson, Sandler O'Neill & Partners chief strategist, discusses the impact of Europe's debt problem on the overall U.S. economy and the future of record low interest rates.
Job cuts jumped by 53 percent in May from April, with Hewlett-Packard's layoffs propelling the computer industry to the top spot among the biggest job cutters this year, a report by consultancy firm Challenger, Gray & Christmas showed.
Meg Whitman, Hewlett-Packard president & CEO, discusses her company's restructuring plans which include massive layoffs; its Q2 earnings and guidance; and her plans to turnaround the company amid growing competition.
Jayson Noland, Robert W. Baird senior analyst, discusses Hewlett-Packard's restructuring plans, which includes cutting 27,000 employees and weighs in on the keys to improved earnings and growth.
"Hewlett-Packard is on the wrong side of Apple," says Ben Reitzes, Barclays Capital analyst, discussing the company's plans to cut 8% of its workforce, improve its earning quality and keep competitive with Apple.
Mark Stahlman, TMT Strategies, provides a preview of Hewlett-Packard's Q2 earnings and weighs in on reports the tech giant may be laying off as many as 30,000 employees.
Yahoo's all-hands meeting today is more than a garden-variety pep talk. It's a chance for new CEO Scott Thompson to set the agenda at a pivotal moment for the struggling company.
CNBC's Jon Fortt has details on another round of layoffs in the tech sector and whether job cuts at Yahoo and Sony are signs of deeper problems at both companies; with Porter Bibb, MediaTech Capital Partners.
The number of job cuts announced by employers jumped 28 percent in January, led by retailers and financial firms, according to the latest report by global outplacement firm Challenger, Gray & Christmas.
Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.
David Vieau, A123 Systems president & CEO, discusses the tough year for his company, and how he plans to rebuild after laying off 125 workers from a Michigan plant.
The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.
Coming in to work when you’re sick costs businesses billions a year in lost productivity, but many workplaces can make employees sick. Here are 10 ways that your work may be killing you and your employer.
Goldman is looking at adding another $250 million to drastic spending cuts announced earlier this summer, bringing the total to $1.45 billion, according to DealBook.
CNBC's Michelle Caruso-Cabrera and Constantine Michalos, Athens Chamber of Commerce president, discuss Greece's vow to cut a significant number of its public sector jobs.
Not again. That is the plea of many Americans fearful about their jobs as the economy falters.
Bank layoffs won't be as deep as they were during the 2008 financial crisis, hedge-fund recruiter Ilana Weinstein told CNBC Friday. Those who remain, however, may see big cuts in bonuses—if they get one at all.
Whether you’ve been laid off or you crave more satisfaction, looking for a position doing something you’ve never done before invariably comes with second-guessing.