downsizing

Worried About a Money Disaster? Here's Your Plan B

Do you fear something awful is around the corner when it comes to your finances? Given recent years' economic woes, it's not unreasonable. But you can turn your worries to your advantage by planning for the worst before anything goes wrong.

Is Corporate America Too Focused on Profit Margins?

I recently penned a column pointing out that when America "lost" the TV manufacturing industry to Japan, it wasn't necessarily a bad thing, because the business has become a low-margin money loser. A lot of readers disagreed.

For Workers Laid Off in Recessions, Big Pay Gaps Persist

No matter when a person gets laid off, it can have long-lasting financial consequences -- among them, a wage gap that persists for years. But a new study reveals that men who are part of a mass layoff during a recession lose 72% more over their lifetimes than men who lose jobs in during periods of economic growth.

Layoffs Leave Everyone Worse Off

Corporate executives stick to a script when pulling the layoff lever: Cite the tough economic landscape, promise that employees will remain the firm's most valued asset, insist that there was no other option to protect the company's future. Here's why you shouldn't buy what corporate America's selling when it comes to life-ruining layoffs.

Earnings Season: Harbinger to Next Round of Layoffs?

Wall Street will watch second quarter earnings for telltale signs that the economy has slowed or that corporate margins are even tighter than is feared. But the ones reporting negative outlooks are likely to go back to the same old solution they used so often in recent years: layoffs.

Retirement Savings: Managing Your 401(k) After a Layoff

In part one of this three-part series on retirement savings, we reviewed how to best manage a 401(k). But as today's companies continue to combat the tough economy by downsizing, part two explores what to do with your employer-offered retirement plan if you lose your job.

Layoffs Are Back as Public Sector Workers Get the Ax

Massive layoffs were both a cause and a symptom of the recent recession, but job creation began to revive late last year. Unfortunately, in May, the U.S. added only 58,000 jobs, and layoffs may be on the rise again. This time, they're taking a particular toll on state and local government workers.

Sentiment Index Gets a Small Boost From Improving Economy

The latest consumer sentiment index reading continues to show an American public that expects better days ahead, and fourth quarter GDP growth indicates a strengthening economy. But countervailing pressures remain: Initial jobless claims unexpectedly rose, and gas prices are high.

Tech Sector Job Cuts Fell to Lowest Level Since 2000

Job cuts in technology fields came to just under 47,000 last year, the lowest total for the sector since 2000, according to employment-services firm Challenger, Gray & Christmas. Better still, during the next 10 years, the sector is forecast to experience one of the fastest paces of job creation of any industry.

Buzzwords of the Week: Rightsizing and Rightshoring

You can't call layoffs downsizing anymore, and offshoring sounds just as bad to workers as "shipping your jobs to Asia." So what do you do when your euphemisms run out of juice? Replace them with better buzzwords, of course. And who could object to something so "right" as rightsizing or rightshoring?

Surviving an Accidental Retirement

Lots of folks have reached retirement by surprise, thanks to the Great Recession. So, if you're scrambling to come up with a Plan B and plug the financial gap created by an unexpectedly early end to your career, here are some good ideas.

Initial Jobless Claims Unexpectedly Rise 13,000 to 462,000

Just call this week%u2019s labor report a wash: Initial jobless claims unexpectedly jumped 13,000 to 462,000, but continuing claims plunged another 112,000, and the trend in state-level claims continues to provide evidence that the period of layoffs is subsiding.

Recent Layoff Craze Is Making Hiring Harder Now

A new survey says U.S. employers%u2019 use of job cuts as a cost-saving measure in the wake of the economic crisis may now be preventing them from attracting top recruits as they try to rebound in the current sluggish economy.

The Company Men: Will Anyone Sympathize WIth Laid-Off Executives?

The Weinstein Company's soon-to-be-released drama The Company Men is the story of three corporate executives who are downsized as victims of the beaten-down economy. It has a top-flight cast and director, but is America ready to show cinematic sympathy to the villains of the Great Recession?

Playboy to Cut More Jobs in Bid to Restructure

Playboy Enterprises is downsizing its organizational structure as it continues its transition into a brand management company. The company expects to take a second quarter restructuring charge of $3 million, but will save more than $3 million annually.

Who's writing the Forbes tell-all?

As sexy workplaces go, Forbes ranks somewhere far below Vogue, the (fictionalized) setting of The Devil Wears Prada. But the venerable business title...

Leaving a job? Watch your e-mails

With more and more Americans downsized or leaving a job, sending the "good bye" e-mail has become standard procedure. It use to be that the boss...

Shrinking packages: Misleading?

The recent economic meltdown has brought down commodities prices, but most raw materials have sill made an impressive run over the past few years....