Posted by Noor on April 5, 2010 · Leave a Comment
This month has proved to be a little better in relevance to the unemployment rate as the layoff in US have declined about 55% in March this year, making the figure 67,000 as compared to march 2009.
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Posted by SRK on January 26, 2010 · Leave a Comment
Since the economy of world has fallen into a crisis it has become very difficult to get better jobs. But nothing remains forever and you can find a better job only if you promise your self to work hard. There are certain important that you can adopt to get dynamic job. Try to research job market and find out your place in that scenario and current situation. Make effective plans and set your routine to achieve your target.
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Posted by R. MAK. on January 16, 2009 · 1 Comment
Its not the small businesses anymore. Even the Giants like Google are feeling the pinch of a recession. Google in its efforts to cut HR related expenses has decided to layoff about 100 people worldwide. Although they are cutting jobs and releasing employees the cutting, so far, has been around the edges. This time it’s different because the company is cutting into its own staff.
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Posted by R. MAK. on January 11, 2009 · 1 Comment
So recession has arrived and hitting ordinary Americans very hard. Now nearly one in every 15 people is now jobless due to current economic recession. As December data started to arrive, it is shocking for most of us that Americans lost 524,000 jobs in December. This is reflective of a deeper fear among nation’s major job providers and employers. Companies are shedding employees at a faster rate as the started to feel the hardening pinch of recession.
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Posted by R. MAK. on November 17, 2008 · 3 Comments
In an unfortunate turn of events, Citigroup revealed it’s plan to cut around 58,000 jobs to help the company adjust better to current economic crisis. These layoffs are planned in addition to 23,000 jobs already eliminated since January 2008. Overall CitiGroup laid off about 300,000 Jobs world wide since the January 2008.
Cost Cut is major concern as credit market squeezes. Citigroup is expected to save money by layoffs, sale of units and attrition as well as cutting day to day running expenditure. Vikram Pamdit, the CEO of Citigroup is notorious for taking such dramatic measures in difficult times. It will no doubt help Citigroup survive the troubled times by increasing profitability and likely to help the stock price as well. Citigroup’s stock fell into the single digits for the first time since bank was created in 1998 from the merger of Travelers Group Inc and Citicorp.
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