Posts By layoff
Almost three out of four human resources professionals predict that deep job cuts will continue throughout the first quarter of this year and are pessimistic about overall job growth, according to a new survey by the Society for Human Resource Management (SHRM). The data shows that no job is immune from being cut in the current recession.
When employees at a pancake house in Muskegon, Mich. noticed that traffic was down a bit, they found a way to give the owner a break: for one day they worked only for tips. The idea was the brainchild of lead server Mary VanDam, who asked her co-workers if they might be willing to work a shift without wages to help out owner Dave Barham, according to The Muskegon Chronicle.
Sprint Nextel plans to eliminate 8,000 positions by the end of March. The move will help the wireless provider save more than $1 billion a year in labor costs. The company also plans to suspend 401(k) matches and extend a suspension of annual salary increases through the remainder of the year.