job loss

Avon to Cut 1,500 Jobs; CEO Says Layoff Will Stabilize Company

Struggling beauty products seller Avon said late Tuesday it will cut about 1,500 jobs and exit the South Korea and Vietnam markets. The job cuts amount to almost 4 percent of its workforce and are one of the first major moves by CEO Sheri McCoy, who in April replaced longtime CEO Andrea Jung.

Initial Jobless Claims Jump, Hurricane Sandy Blamed

The number of Americans filing new claims for jobless benefits surged by 78,000 to a seasonally adjusted 439,000 last week, a 1.5-year high and a sign that superstorm Sandy dented the U.S. economy by leaving tens of thousands of people out of work.

Savings Insecurity Is Growing: Share Your Stories

Far too many Americans haven't got enough liquid assets set aside to get them through a temporary job loss or other fiscal crisis. If you're among them, we'd like to hear from you: How has an underfunded emergency savings cushion affected you and your family.

Can Your Financial 'Plan B' Withstand the Unexpected?

Having a plan in case of a major life crisis is important and, according to State Farm's Financial Plan B survey, 81% of us know it. But only 45% of those surveyed said they've actually planned ahead for that crisis. If you have a plan, it may not be a solid as you think. And if you don't, here's how to begin creating one.