Big Blue Issuing Thousands of Pink Slips Amid Restructuring
Computer giant IBM reportedly has begun the process of laying off employees in the U.S. as part of a worldwide restructuring plan estimated to cost about $1 billion.
Computer giant IBM reportedly has begun the process of laying off employees in the U.S. as part of a worldwide restructuring plan estimated to cost about $1 billion.
Working out what to do with temporary residents illustrates the breadth of the challenge in reshaping U.S. immigration law, which hasn't been overhauled since 1986.
In January, job creation was anemic, yet unemployment plummeted. What gives? The answer lies in the quirky way the government decides who gets counted as part of the work force, who gets counted as officially unemployed and who gets left out of the picture.
Companies that develop medicines have been bleeding jobs in the last few months, with three -- Biogen Idec, Charles River Laboratories and NicOx -- announcing about 1,000 new workforce cuts this week. When will the bleeding stop?
The private sector created 67,000 jobs in August, more than the 40,000 gain economists had forecast. And job-loss totals for June and July were revised substantially downward. The jobless rate ticked up to 9.6% as more people started looking for jobs.










