JP Morgan WaMu Layoffs Job Cut: layoff 3400 employees

Intially, we had reported that JP Morgan will go for a big layoffs and now there is the official announcement about it.The ailing financial giant Washington Mutual or WaMu, which was recently taken over by the J P Morgan has finally annouced the correct number of layoffs.

So its all happening in real. J P Morgan controlled WaMu will be eliminating 3400 jobs in various sectors.

How many employees will be affected in the JP Morgan WaMu Layoffs Job Cut?
Around 3400 employees will be asked to quit their jobs.

Where will the JP Morgan WaMu Layoffs Job Cut happen?
The layoffs will happen in Seattle. This was confirmed by the spokesman Tom Kelly.

What percentage of employees will be loosing their jobs in JP Morgan WaMu Layoffs Job Cut?
Around 80% - as there are 4,300 people employed by WaMu in the Seattle. Most branch workers will however retain their jobs.

Fortunately it sounds like those that are losing their jobs are at least being given pretty nice severance packages, and many will have lots of time to find new jobs. It still hurts to lose a job though, and I sincerely hope that those affected by the massive bank failure are able to keep on their feet through these difficult economic times.

Let's hope that alternative jobs are available to the affected employees of JP Morgan WaMu Layoffs Job Cut?.

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Pratt & Whitney Layoffs Job Cut: layoff 350 employees

Now, it is the Jet engine maker Pratt & Whitney which has decided to go for layoffs. It is reported that most of these job cuts will be made at Connecticut.

What are the reasons for Pratt & Whitney Layoffs Job Cut
Same old reasons as quoted by many other companies - falling demand, falling sales, global financial crisis and so on.

How many employees will be fired in Pratt & Whitney Layoffs Job Cut
Around 350 employees will loose their jobs in the country.

Any specific details of the location where Pratt & Whitney Layoffs Job Cut will be made?
Out of 350, around 280 job cuts will be made at Connecticut alone. Rest 70 will be spead across the other locations.

Any previous job cuts by Pratt & Whitney ?
Pratt had already cut more than 100 blue-collar workers in Connecticut this year, as well as an undisclosed number of salaried workers nationwide. Whitlow said the latest reductions would help mitigate falling revenue. The latest cuts amount to about 1 percent of Pratt's global workforce of 38,000 and 2 percent of its Connecticut workforce of 12,000.

Many of Pratt's business lines have been affected by the recession, including the highly profitable work of servicing and repairing engines for commercial airlines, company spokeswoman Jennifer Whitlow said. U.S. airlines have been cutting capacity and grounding aircraft all year.
Let's hope that alternative jobs are available to the affected employees of Pratt & Whitney Layoffs Job Cut.

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Electrolux Layoffs Job Cut: layoff more employees

Now, it is the Electrolux plant at Webster City which has decided to go for layoffs. And these layoffs are in addition to the 100 job cuts which were made by the company last month.

As per the news, there are more layoffs planned for Electrolux workers for the Electrolux washer and dryer plant in Webster City.

How many employees will be laid off in the Electrolux Layoffs Job Cut?
Thouogh there is no concrete detail available about the number of job cuts, but it is reported that there will be 20 layoffs and it will be in addition to the 99 layoffs that happened last month.

When will the Electrolux Layoffs Job Cut be done?
Officials say 20 workers will be laid off on Dec. 8.

Company spokesman Tony Evans says both rounds of layoffs are due to the economy and a softening demand for appliances.

Before the layoffs, the Webster City plant had 1,400 workers.

Electrolux announced in 2006 that it would eliminate 700 jobs in Webster City because production of its front-loading washing machines and companion dryers would move to Mexico. Those layoffs haven't happened.

Let's hope that alternative jobs are available to the affected employees of Electrolux Layoffs Job Cut.

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AT&T Layoffs Job Cut: layoff 350 employees

There is another setback signal to the ailing US economy. The electronic giant AT&T has decided to go for a massive layoffs or job cuts

AT&T Incorporated which is headquartered in Dallas USA has annouced plans for a massive lay off.

How many employees will be affected in the AT&T Layoffs Job Cut?
Around 12,000 employees will loose their jobs at AT&T. That is about 4 % of the total headcount that AT&T has nationwide.

Which locations will be affected by the AT&T Layoffs Job Cut?
The layoffs by AT&T could affect some of the estimated 3,000 company employees in Tarrant County.

When will the AT&T Layoffs Job Cut?
The layoffs are scheduled for the phased timeframe. It will start in December 2008 and will proceed in a phased manner throughout 2009

Are there any compensation offered to the employeed affected by AT&T Layoffs Job Cut?
Yes. Though minor details are not available, but it is reporeted that AT&T is expected to take a charge of about $600 million in the last quarter of 2008 to pay employee severance packages. These layoffs come on top of the 4,600 jobs the company said in April it would eliminate around the country.

Economic pressures, a changing business mix and a more streamlined organizational structure were all cited as contributing to the cuts, but the company is still adding jobs in areas related to wireless, video and broadband. AT&T plans to reduce its 2009 capital expenditures from 2008 levels, and capital plans for next year are currently being finalized and will be available when fourth-quarter results are released in late January.

Let's hope that alternative jobs are available to the affected employees of AT&T Layoffs Job Cut.

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Metorex Layoffs Job Cut: layoff 350 employees

Few days back, there were news items about South Africa based Simmers & Jack Mines Lay off which fired 500 employees and now another mining firm from South Africa called Metorex has decided to go for a layoffs or job cut.

How many employees will be affected in the Metorex Layoffs Job Cut?
There is no information available about how many employees will be laid off. Though the news is that Metorix is planning to lay off around 400 workers.

How many employees are presently employed by Metorex?
There are 1500 workers currently employed with Metorex.

What are the reasons for the Metorex Layoffs Job Cut
Same old reasons, decline in demand, cut costs, global economic meltdown, financial crisis and so on.
"Due to the international decline in demand for antimony and the decrease in antimony prices from approximately $6,500 to $5,000 per tonne, management has initiated a review of the cost profile of Cons Murch," it said in a statement, adding 50 percent of its costs were labour related.

Let's hope that alternative jobs are available to the affected employees of Metorex Layoffs Job Cut.

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United Airlines Layoffs Job Cut: layoff 1200 employees

Airlines appear to be the worst hit sector for in the current financial turmoil. We had reported in October that United Airlines is firing 414 employees and now there is another round of layoffs. Another setback to the employment sector of the USA, the United Airlines has decided to go for a layoffs or job cut.

How many employees will be laid off in United Airlines Layoffs Job Cut
Around 1200 employees will be asked to quit their jobs.

When will the United Airlines Layoffs Job Cuts take place?
The layoffs are expected to start in early next year, meaning that it will be a bad start for the new year for all the affected employees.

What impact will it have on the busines of United Airlines ?
The Airline will be grounding around 100 airplanes , which makes around 20% of its fleet.
Though the oil price are now touching rock bottom at $45 per barrel, but it is expected that the Oil prices will again take a high once the global economy starts to recover. So even if someone wants to trade Oil futures or take a hedged position in the oil futures, it may be diffcult to ascertain the time and price.

Which department of United Airlines will be affected by the Layoffs Job Cut?
As per the reports, United plans to lay off about 700 mechanics, as of Jan. 11, including about 150 workers at Chicago's O'Hare International Airport. Most of the jobs to be eliminated were announced earlier this fall but deferred until after the busy holiday travel season, sources said.

Which locations will the United Airlines Layoffs Job Cuts take place?
The carrier plans deep cuts at its hulking San Francisco maintenance base, where about 300 jobs will be eliminated, sources said. United is closing repair stations at LaGuardia Airport in New York, Newark International Airport in New Jersey and Philadelphia International Airport.
United also has issued notices that it plans to furlough as many as 490 customer service representatives and ground workers at three airports, with the largest of these cuts at O'Hare. Last month, United sent letters warning of pending job cuts to 253 full-time and part-time employees at O'Hare, according to the International Association of Machinists and Aerospace Workers, which represents the workers.

The carrier is also set to lose 387 pilots in January, a source said. That would be the largest monthly exodus of United pilots since the carrier announced in June that it would trim 1,450 pilots.

Let's hope that alternative jobs are available to the affected employees of United Airlines Layoffs Job Cut

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Adobe Layoffs Job Cut: layoff 600 employees

The Information Technology space is seeing one of the worst times as there are more and more news items reported about the layoffs in the IT sector. Adobe has decided to go for a layoffs or job cut.

How many employees will be fired in the Adobe Layoffs Job Cut
Adobe has decided to lay off around 600 employees.

What are the financial results of Adobe in the latest quarter?
The financial results have been well below the expectations. The fourth quarter revenues are expected to be between $912 million and $915 million, instead of the targeted $925 million to $955 million.

Is there any specific product which has led to the decline in Adobe revenues?
Ye. The Creative Suite 4 is said to have failed to meet the sales target.

Why is Adobe going for Layoffs Job Cut?
Its to reduce the costs and recover some money by savings. The global economic meltdown has affected evry industry secotr and Adobe is no exception to it.
The restructuring program should result in charges totaling approximately $44 million to $50 million, of which $28 million to $30 million will be recorded during the fourth quarter of 2008. Adobe also issued a 2009 Q1 revenue projection of $800 million to $850 million.

Let's hope that alternative jobs are available to the affected employees of Adobe Layoffs Job Cut.

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Nomura Layoffs Job Cut: layoff 1000 London employees

Another financial giant, Nomura has decided to go for a layoffs or job cut. Its the same Nomura which has bought over the Asian assets of the bankrupt Lehman Brothers and now it has decided to go for a massive lay offs in London.

How many employees will be laid off in Nomura Layoffs Job Cut?
Around 1000 employees will be fired by Nomura.

Where will the Nomura Layoffs Job Cuts happen?
The Nomura job cuts will happen in London, which is the European financial hub.

What are the main reasons for the Nomura Layoffs Job Cut?
Nomura is a Japanese giant in brokerage services. Due to the current global market turmoil, it has been severly hit as did the other financial institutes. There are reports of , JP MOrgan WaMu Layoffs, Lehman Brothers Bankruptcy, Citibank Layoffs, UBS layoffs , GS Layoffs and many more. The layoffs will also give way for an internal review of Nomura's equities and investment banking works.

How are the Nomura employees scattered as per the geographical locations?
Of the 8,000 former Lehman employees that Nomura added to its global payroll, about 2,650 are based in Europe and the Middle East.
Nomura currently employs about 4,500 people in London, and the cuts will not be limited to former Lehman staff, said Nomura spokesman Tohru Namikawa.

Let's hope that alternative jobs are available to the affected employees of Nomura Layoffs Job Cut.

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Sony Layoffs Job Cut: layoff 320 France employees

It's the Japanese Electonic giant calle dSony Corporation which has decided to go for a layoffs in France. This bad news for the Sony employees came on Friday when the company officially declared that it has decided to shut down the factory and go for a jobcut.


Sony has decided to close down its factory which is making making videotapes in France

The primary reason for closing down this factory is due to declining global demands of video tapes. WIth the advent of digital media, who would like to carry on with the traditional videotapes.

The fate of the factory's 320 workers remained unclear, but Sony spokesman Shusuke Kanai has said the company was doing its utmost to help them after the closure.

"Global demand for videotapes has been declining as people are switching from videotapes to discs," Kanai said. Sony aims to close the factory, located south of Bordeaux, by the end of March next year.

Sony makes about 80% of its sales overseas. The Japanese electronics giant has slashed its full-year earnings projection due to weak consumer demand and a stronger yen. For the fiscal year through March 2009, Sony is expecting a 150 billion yen ($1.6 billion) profit, down 59% from the previous year.

Let's hope that alternative jobs are available to the affected employees of Sony Layoffs Job Cut.

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Industry Lay off ,Intel Fires Employees ,Intel Firing ,Intel Job Cut ,Intel Job Cuts ,Intel Layoff ,Intel Redundancy ,Laid Off ,Layoff

Till now, we had been hearing that Indian Companies are not affected by the global slowdown. Is it really true? No. As per the news, the largest company of India, Reliance has decided to go for a massive layoffs or job cuts in all group companies. The news was released by IBN LIVE, stating that Reliance and group companies have asked around 5000 employees to resign or forceful job termination. We had reported in October about the Reliance layoffs Job Cut. Now, this news confirms the same.


Which companies of Reliance are worst affected by Layoffs Job Cut
The majority of the layoffs will happen in the Retail segment. Though other companies will also face the heat. Some of the companies involved in the exercise are Reliance Retail, Reliance Logistics, Reliance Info Systems and Reliance Corporate Park. The resignations, as against a straight lay-off, leave employees in a better position to find new jobs.

Which class of employees are affected by Reliance Layoffs Job Cut
Majority of the employees are permanent, middle-level managers.

Any number available about the Reliance Layoffs Job Cut
Around 3000 employees in the Reliance Retail sector may be asked to go. There are plans to stop the expansion plans.

What went wrong with Reliance business plans?
The Reliance retail was started with an investment of 25,000 Crore Rs. The plan was to to have all kinds of retail shopping to be covered. However, due to the global economic slowdown, majority of their middle level customers, typically the IT guys and others, have seen the heat of job cuts and salary cuts. People have started saving every penny by shopping at the cheapest possible outlets. It is becoming increasingly difficult for Reliance to keep up the business due to the slow response of the customers. Associate companies like Reliance Gems and Jewels, Reliance Supply chain, Reliance Dairy Production and Reliance Agri Products expnasion plans are takin a toll too.

Then there were protests by small retailers and the politicians. Now, employees in nearly all departments related to the retail business are being fired, said a former employee, who recently left.

In some states, the protests and slowdown have meant the company has decided not to open stores there. Real estate teams are down to one person in such places and other places. While electronics store chain `Reliance Digital’ was supposed to have 20- 25 stores in the first year but actually opened only 3- 4, the hypermarket format was supposed to open over a hundred stores but has opened only two.

In the footwear store chain and health and wellness store chain, Reliance had hired aggressively to keep up with the expansion, but plans didn't materialize.

Reliance Logistics, a Mumbai-based company managed by the RIL chairman’s cousin Niraj Ambani, is one such case. The privately held company that was started in 2001, employs about 2,600 people, of which about 1,000 have been asked to leave in the last two weeks.

Marketing, process quality and business planning departments in the company are being shut down. Employees were given oral orders to resign and have been given the option of staying home and collecting their salaries for the next three months, sources who did not want to be named said.


Since the beginning of the year, this company had been doing third-party work for other companies in the retail business like ITC and Hindustan Unilever. But this has dried up.

Sources in Reliance Retail Limited, a direct RIL subsidiary, said many employees in support functions including information technology have been put on notice. The retail rollout has slowed down considerably specially in Uttar Pradesh, Kerala and West Bengal.

Reliance East West Pipelines has completed construction of the pipeline that will transport gas from the east coast to markets in western India. In better times, RIL would have deployed the white collar workforce to other projects. This time around, 400 employees are anxious as no orders have been received.

Let's hope that alternative jobs are available to the affected employees of Reliance Layoffs Job Cut.

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Intel Layoffs Job Cut: may layoff employees

As per the news, Intel may be gooing for a massive layoffs or job cuts in the coming few months. The market experts predict this because of the deteriorating market conditions, dipping sales of Intel processors and worst economic outlook.


Though there are no confirm news from the company side, but these are market predictions by the market analyst which, given the market situation, seems to be quite possible.

How many employees may be laid off in Intel Layoffs?
Intel Corporation could be preparing to lay off as much as 10 percent of its work force.

What have been the financial results of Intel recently?
It is predicted that Intel may have to cut down on its fourth-quarter guidance for the second time, because the economic crisis has caused computer makers to sharply curtail the amount of processors they buy for those machines.

Friedman, Billings, Ramsey & Co. analyst Craig Berger wrote in a note to clients that "recent industry checks" suggest that Santa Clara, Calif.-based Intel is preparing a large work force reduction that could be as high as 8,300 employees, or 10 percent of its global staff.

ANy previous record of Intel Layoffs?
Yes. Intel did a layoff in 2006, when about 10500 jobs were cut as smaller rival Advanced Micro Devices Inc. was stealing market share and cutting deeply into Intel's profits in a bruising price war.

How much money can be saved from this Intel Layoffs?
Berger said Intel could save $1 billion a year from a new restructuring and by reducing or eliminating some raises and bonuses because of the company's performance.

Let's hope that alternative jobs are available to the affected employees of Intel Layoffs Job Cut, if they happen

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BMC Software Layoffs Job Cut: layoff 350 employees

As per the news, BMC Software is going for a massive layoffs or job cuts. The company is in the business of making Business Softwares, and since the entire global markets and businesses are suffering from the downturn, who would like to buy new business softwares.

When will the BMC Software Layoffs happen?
The layoffs are expected this month in December 2008.

How many employees will be affected in the BMC Software Layoffs?
Areound 350 employees will be fired from their jobs. That will be around 6% of its entire workforce.

Which business units will be affected in the BMC Software Layoffs?
The job cuts will be made in all business units and all corporate departments and at all geographical regions. That will mean that even offshore centers like Pune in India may not be spared from BMC Layoffs.

What are the financial results of BMC Software?
BMC said it expects to record $18 million to $23 million in layoff-related charges in the third and fourth quarters of fiscal 2009.
As of March 31, BMC employed approximately 5,800 full-time workers, according to a separate SEC filing.

Let's hope that alternative jobs are available to the affected employees of BMC Software Layoffs Job Cut.

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InBev Anheuser-Busch Lay off Job Cut: fires 1400 employees

As per the news, Anheuser-Busch is learnt to go for a massive layoffs or job cuts. The famous company is in the business of making alcholic beverages and products, and since the entire global markets and businesses are suffering from the downturn, this company also seeems to be affected.

This company has the famous brand called Budweiser. It was also the company which was acquired by InBev for a record USD 52 billion few days back and these layoffs seem to be the part of this acquisition.

How many employees will be fired in the InBev Anheuser-Busch Lay off Job Cut?
There will be layoffs of 14000 employees. This will be around 6% of the total headcount of US workforce. Other than that, the new 250 open positions will continue to remain open.

Which locations will the InBev Anheuser-Busch Lay off Job Cut happen?
Around 75% of the jobcutss will happen at corporate headquarters in St. Louis.

Any specific segments will be affected in the InBev Anheuser-Busch Lay off Job Cut?
An additional 415 contractor positions will be pruned from the payroll.

When will the InBev Anheuser-Busch Lay off Job Cut happen?
Most of the reductions will occur before 2009.

As per the news, the company said the reductions are in addition to the more than 1,000 U.S. salaried employees who took buyouts in a program that ended Nov. 14.

The program was part of a $1 billion cost reduction plan announced in June. At that time, Anheuser-Busch said it planned to cut its U.S. full-time salaried workforce to 10 to 15% by the year's end.

When InBev announced in July it would take over Anheuser-Busch, the company said it planned to save at least $1.5 billion annually

Let's hope that alternative jobs are available to the affected employees of Anheuser-Busch Layoffs Job cut

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BT British Telecom Lay off Job Cut: fires 10000: Will MBT Tech Mahindra get affected?

The financial turmoil is taking a toll on all the sectors of the world. The latest one to add to the list of lay off or Job Cuts is the UK giant, BT British Telecom company, which is reported to have laid off 10,000 employees.

How many employees will be fired from job during the BT British Telecom Lay off Job Cut?
As per the news, BT has already axed some 4000 employees during this financial year and a another 6,000 will be asked to quit.

When will the BT British Telecom Lay off Job Cut happen?
The BT British Telecom Lay off Job Cut will happen over a period of time starting now till March 2009.

Which segments or departments of BT will be affected the most in the BT British Telecom Lay off Job Cut
Consultants, contractors and offshore staff will be the worst hit. This case becomes important for offshore countries like India, where BT British Telecom has a tie up with local companies like MBT or Tech Mahindra or even Infosys. Employees in the Indian centers working on offshore projects of BT British Telecom are now much worried about loosing their jobs due to this BT Lay off Job Cut.
Another thing is that MBT or Tech Mahindra has been the biggest offshore center for BT in India and it has a track record of firing people mercilessly in the past. In 2000-2001, it had fired thousands of employees in their Indian center when they were hit by the crisis during that time. Obviusly, now the employees of MBT or Tech Mahindra will be worried with the kind of news coming in about the BT British Telecom Lay off Job Cut. Though there is no news about
MBT or Tech Mahindra developments in India regarding the BT Lay off.

What is the current employee strength of BT British Telecom Globally?
BT has around 160,000 employees across the globe.

Let's hope that alternative jobs are available to the affected employees of BT British Telecom Lay off Job Cut.

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Las Vegas Sands Lay off Job Cut: Las Vegas Sands fires thousands

The financial turmoil is taking a toll on all the sectors of the world. The latest one to add to the list of lay off or Job Cuts is the Las Vegas Sands company, which is reported to have laid off thousands of workers.

What are the primary reasons of Las Vegas Sands Lay off Job Cut?
The company is said to have suspended the operations and some of its projects in China. No Project, no work, no workers required so go for Las Vegas Sands Lay off Job Cut.

Where would the Las Vegas Sands Lay off Job Cut be made?
The jobs will primarily be lost in the chinese area or in Macau.

Which units or business division will see the Las Vegas Sands Lay off Job Cut
Majority of the job cuts will be in the construction jobs, as many as 11,000. It is reported that new construction work in Portugese territory is put of hold which is worth 12 billion dollars.

What is happening to the stock price after the Las Vegas Sands Lay off Job Cut was announced?
On Tuesday, shares of Sands (LVS:las vegas sands corp company) went down by around 35% after the company said it would halt new construction in Macau to preserve cash while trying to raise money for other projects underway in Singapore and Pennsylvania. It also said it would make a public offering of 182 million shares of stock without shareholder approval.

Let's hope that alternative jobs are available to the affected employees of Las Vegas Sands Lay off Job Cut.

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Cessna Aircraft Lay off Job Cut: Cessna Aircraft fires 500

The financial turmoil is taking a toll on all the sectors of the world. The latest one to add to the list of lay off or Job Cuts is the Las Vegas Sands company, which is reported to have laid off 500 workers.

Which location will the Cessna Aircraft Lay off Job Cut take place?
Cessna Aircraft is reported to lay off people at Wichita Citation Columbus plant. The company will also lay off 165 employees at its Bend, Ore., plant. The cuts will come through involuntary and voluntary layoffs.

What will be the process of Cessna Aircraft Lay off Job Cut?
It is learnt that there was an email sent to the employees by the Vice President of the company in which it was mentioned that the lay off would start in next few weeks.

Will the employees be given any notice period for Cessna Aircraft Lay off Job Cut
The employees would be given a 60 day notice period before they are asked to leave.

Which department will be hurt the most due to Cessna Aircraft Lay off Job Cut
Apart from the regular employees at the above mentoned plants and locations, Contract labor could also be cut.

As per the news, Cessna is the second general aviation company in Wichita to announce layoffs this month. Hawker Beechcraft cut 5 percent of its work force on Friday -- about 490 people-- as it lowered production targets for 2009, a result of the credit crunch and a turbulent economy.

Let's hope that alternative jobs are available to the affected employees of Cessna Aircraft Lay off Job Cut.

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