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Layoffs

AOL Lays Off Staffers; Impacts Money Department

CommunityJournalismBLogFIWe received an email this afternoon from an AOL insider with the subject line: “AOL lays off Money department.”

We followed up with the source as well as called AOL to obtain details such as how many people this impacts.

Here’s basic information of what we know: apparently editors of Daily Finance and Real Estate were laid off today. They were given a short amount of time clean out their desks.

The fate of contributors is unclear at the moment but as per the source, “top editors” were let go along with the coordinator of the contributors.

Stay tuned as we gather more information…

 

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The Scoop Behind Reference Checks & Employee Rights

ImproveJobProspectsIf you’re interviewing and curious about what your current employer can dish to your future employer during a reference check, listen up.

Overall, your only right as an employee is for an employer to not make slanderous statements. If you’re currently negotiating a settlement with your current employer, then by all means the employer must oblige by that agreement. Read more

Think Your Job May Be on Pink Slip List? Here are Four Clues

pink slipIf you’ve been on the chopping block, perhaps you’ve seen the pink slip signs coming. You know, the ones which reveal themselves to you in due time like colleagues who start rescheduling meetings with you three and four times.

Well, according to The Wall Street Journal, their list of warning signs is pretty much on track with what we’ve seen, too. Read more

How to Say Goodbye & Tactfully Leave Your Job

GOODBYEIf you’ve ever given your two-week notice to your boss and then scurried to wrap up loose ends and train a colleague or two, you’re not alone.

Naturally, you’ve also experienced the fine line of keeping emotions in check as you’re mentally checked out. You’re eager to move onto your next job while still having to say meaningful goodbyes and gratitude to your current peers and boss.

According to a piece published by The Harvard Business School, endings tend to “creep up on us and catch us unprepared.” We may miss the opportunity to enjoy meaningful endings by focusing too much on the future as we “race toward the new.” Read more

Former Yahoo COO Banks $58 Million Severance Package

moneyIf you’ve ever been laid off from a job, you’re familiar with getting a nice little severance package of several weeks and eligibility for COBRA benefits and unemployment.

Unless you’re the former chief operating officer of Yahoo, Henrique de Castro. Here’s why: reports are circulating that he’s banking on a $58 million severance package for a job he held for merely 15 months! Read more

Should You Continue to File Unemployment Claims After Being Denied?

rejectionHere’s the situation on a Monday afternoon. A reader wrote into The New York Post to indicate he or she was denied unemployment claims during a hearing.

The reader appealed and during the hearing, a former boss refused to be sworn in and whispered answers.

Although they were “full of lies,” the answers were being told to the other boss who was indeed sworn in. Well, the former employee was denied the claim yet again. After appealing again and asking the unemployment office to listen to the recorded hearing again, the office agreed and listened to the call. Although they agreed the boss who wasn’t sworn in gave all the answers, alas, the ruling didn’t change. Read more

Layoffs Anticipated at Time Inc.

pink slipAccording to WWD, Time Inc. staffers are gearing up for some pink slips.

Rumors are racing as employees anticipate layoffs to come as early as next week. Just last month its CEO Joe Ripp informed employees the company was going to reduce costs before it spins off later this year from Time Warner. Read more

Bossnapping Occurs in France as Employees Brace Themselves for Pending Layoffs

executives fightingHave you ever imagined kidnapping your boss? Um, neither have we but this story from France made us wonder why it’s not uncommon over there! Hmmm.

According to Fortune, 200 employees working at a Goodyear Tire and Rubber Co. plant in Amiens took two executives hostage on Monday by preventing them from leaving their facility. Sounds like the workers weren’t happy about Goodyear’s intentions of shutting down the factory and pink slipping 1,200 employees. Read more

Unemployment Benefits Expire for 1.3 Million Americans

moneyToday is certainly not a good day for the long-term unemployed.

As of today, 1.3 million Americans are impacted as they’re cut off from unemployment benefits.

Fox News and the Associated Press report President Obama has reached out to two senators with his support in their proposal to expend the jobless aid for three months.

In a statement, White House Principal Deputy Press Secretary Josh Earnest indicated:

“This morning, the President placed separate telephone calls to Senator Jack Reed and Senator Dean Heller to offer his support for their proposal to extend emergency unemployment benefits for three months. The President said his administration would, as it has for several weeks now, push Congress to act promptly and in bipartisan fashion to address this urgent economic priority.” Read more

Three Signs You Might Get the Pink Slip

firedIf you’ve ever gotten the pink slip, raise your hand!

Now that we’re all friends and have been there/done that at one time or another, it’s likely there were signs ahead of time. Whether or not we chose to ignore them is another topic but a few indicators were probably alive and well.

Per this piece on BBC, there are a few clues that can give you the heads up as to whether or not a reduction in force is going to happen. Granted, we don’t want to create panic but instead it’s the notion of proceeding rapidly with caution and circulating that resume. Read more

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