US Layoffs Down To 55% In March

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.

UBS to layoff 8,700 after $1.7B Loss in Q1 of 09

UBS AG is expected to cut a around 8700 jobs by the end of next year, due to the first quarter loss of almost 2 billion Swiss francs ($1.75 billion).

Google to Lay Off 200 more

Google Inc. the search engine giant has announced a few hours ago that it is cutting down its sales and marketing team by approximately 200 employees. Google has said that they over invested in some areas in preparation for some growth trends they were expecting and hired too many people into overlapping jobs.

HSBC Announces 1200 Job Cuts in UK; More to Follow

HSBC is Europe’s biggest bank, employing 58,000 people in Britain alone; and 312,000 people across the world. Just today, HSBC has announced 1200 job cuts in Britain, citing that the operating conditions for the economy hit banking industry are “extremely challenging” and the near future doesn’t promise any reprieve either.