Companies With Record Layoffs In 2012

Discussion in 'Economy' started by TruthOut10, Jan 13, 2013.

  1. TruthOut10
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    TruthOut10 Active Member

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    Whatever recovery the jobs market posted in 2012, mass layoffs remained impressively high. Dozens of companies each fired thousands of workers, with failing firms at the top of the list based on total cuts.

    Hewlett-Packard Co. (NYSE: HPQ), which is so badly off that investors now question its viability, fired 27,000 people in May. That number could rise rapidly as some of its core tech divisions struggle for sales. The botched buyout of Autonomy almost certainly will cause more job cuts in that division, which has, according to HP, much lower profits than forecast. CEO Meg Whitman has said HP sales may not improve for two years or more.

    Hostess moved into Chapter 11 so quickly that the public only watched the process in its late stages, when it became clear that Twinkies might disappear. Friction between management and labor did not improve during negotiations, and 18,500 people lost work.

    Read more: Companies with Record Layoffs in 2012 - 24/7 Wall St. Companies with Record Layoffs in 2012 - 24/7 Wall St.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Pentagon Lays Off 46,000...
    :eek:
    Pentagon says budget cuts could hurt Afghan war effort, warns of major furloughs ahead
    January 25, 2013 - The Afghan war effort eventually would be harmed by across-the-board budget cuts, even as the Obama administration intends to shield the military's combat mission from the reductions, the Pentagon's No. 2 official said Friday.
    See also:

    Factory activity gains speed and jobless claims drop
    January 24. 2013 WASHINGTON - Factory activity grew the most in nearly two years in January and the number of new claims for jobless benefits dropped to a five-year low last week, giving surprisingly strong signals on the economy's pulse.
     
    Last edited: Jan 25, 2013
  3. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    HP is a joke now.

    Thanks Carly Fiorina.

    :thup:
     
  4. Rozman
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    Rozman Gold Member Supporting Member

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    Our economy has been a joke for a while now.....

    Thanks Barack Hussein Obama.... :clap2:
     
  5. rdean
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    rdean rddean

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    Millions of jobs go unfilled because people don't have the education. Republicans think education is for snobs. Don't blame that on Obama.
     
  6. SteadyMercury
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    SteadyMercury Gold Member

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    I would think in any given year you could make this thread. Seriously, what year, even in highest of economic boom times, hasn't had large companies making record layoffs?
     
  7. martybegan
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    martybegan Gold Member

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    Its not a lack of an education, its the wrong education. We need technical professionals and colleges are pumping out people with degrees in marketing, finance, and obscure basketweaving studies.

    We also need more tradespeople. We have to get rid of this notion that college is required for sucess. A good plumber or carpenter can go to college later to get a business degree to help run thier own business, they dont need one when they are learning thier trade.
     
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  8. rdean
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    rdean rddean

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    Which is why Obama said we need to invest in Technical colleges and work programs at Jr. Colleges. He said no company will turn over a million dollar piece of equipment to someone without the proper education.

    This type of investment is part of "rebuilding infrastructure". Something Republicans are vehemently against. Their plan is to bring immigrants here who already have the right education. I guess they feel the Republican base isn't smart enough to learn. At least that's what both Romney and Santorum feels.
     
  9. martybegan
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    martybegan Gold Member

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    Yeah, you can invest all you want, but you have to GET the people to want to take the courses. Technical training is HARD and we have turned college into a 4 year extension of high school.

    I drank in College, I also graduated with a 3.63 in Chemical Engineering. Today people take elemetry poetry, go out 5 nights a week, and wonder why no one will hire them.

    The Feds can't do anything about this, it has to be taught at the local level that we need these people trained.
     

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