layoffs

The 63 restaurants Friendly's closed on Wednesday resulted in about 1,260 layoffs -- more than 12% of the company's 10,300 person workforce. Everyone from managers to dishwashers were told Tuesday evening that the following day would be their last at Friendly's.

Rhonda, a 57-year-old Californian, was laid off in September after 37 years with a medical laboratory company. Now she needs to dust off those rusty job hunting skills, and figure out her financial next steps too. DailyFinance's Laura Rowley brought in a couple of experts to guide her.

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.

Many of the economic problems of Sept. 11, 2001, feel awfully familiar today: Recession, bursting bubbles, low consumer confidence, predatory lending. But of course, it's a whole new world now, so we asked economists what the most significant shifts of the past decade have been.

The American consumer's financial health is showing signs of improvement, but the weak job market continues to derail the nation's economic recovery -- particularly for people in the lower income brackets, according to September's Consumer Reports Index, released on Tuesday.

State unemployment insurance provides money to out-of-work adults, but for most people, those checks are hardly enough to cover the bills. Enter IncomeAssure, a supplemental unemployment insurance policy that lifts your benefit to 50% of your former income for 24 weeks. Is it a product you should consider?

Bank of America Corp.(BAC), the nation's largest bank, plans to cut 3,500 jobs by the end of September. The cuts amount to a little more than 1 percent of the bank's workforce of roughly 288,000. But they follow a string of other layoffs, including 2,500 already announced this year. A bank...

In the season premiere of reality-television show "Downsized," which airs Tuesday, things are looking up for the Bruce-Rumsey family of nine. In an interview with The Price of Fame, family members tell us they've made mistakes. Here's what you can learn from their story.

Lots of companies are laying off workers, trying to cut costs and improve their profit margins. But how should investors view the news of job cuts at a company? As a sign of deep trouble and worse to come, or as proof of committed management and better times ahead? Here's how to read the pink slips.

Several major corporations have been announcing layoffs in recent weeks, despite their fattening coffers. What accounts for all the pink slips? Consumers don't like them, nor do investors -- at least, not the farsighted ones. Here are the real reasons behind these puzzling, and troubling, terminations.