CAREERS

Job Killers

The firms responsible for the most layoffs.

« Return to Article

Discuss

Member Comments

  • Posted By: sideline @ 02/08/2009 1:11:23 PM

    There are two of you that hit the problem right on the head. People! Read comments made by Twinhit and Logicbot both posted on 2/4/09 to get a grasp on our main economic problems. One by logicbot touch base on the unfair trade balances that have existed since the 70's and have basicaly been allowed to go on till the present. We need to level the playing field before we compete on a global scale again. The comments of Twinhit is more to the current situation we all find ourselves in. He talks about the political singleminded greed and corruption of our government who play to the interest of the wealthy and powerful and big corporation by letting them go unchecked in their dealings with the public. Enron should have been a wake up call. Fannie Mae, Freddie Mac who gave them the go ahead to be stupid? There go the housing and the banks. Before we had the government regulating our main manufacturing plants with agencies such as EPA, OSHA. Now we have a new president that wants to punish the very people that are trying to keep our country strong by taxing them to defeat. The business owners (they make over $250K a year) who keep us working!
    People We need to adopt Reagan's principles again but on a grander scale. Instead of less government, how about no government. We voted them in we can vote them out. Lets start over again with a new democracy. Their are some very smart and honest people out there that will do what it takes to get this country turned around again and not take years to do it. Some one suggested instead of just throwing peoples tax dollars at it, to stimulate the economy lets have a tax break of 30 to 60 days where no employment tax was taken out of paychecks, so forth and so on. That would stimulate the economy the people them selves. Pretty smart guy there. What we are trying to say is Government is whats making it too hard to get back on track. This problem we are having now took 30 years to make but took the recent trend to start the decline downward.

  • Posted By: TheTalentArchitect @ 02/06/2009 1:32:49 PM

    This is so incredibly frustrating for hard working people who are just trying to sort out the next steps in their careers. As a career coach, I am continually perplexed by the lack of good career building resources. The best internet destination I've found is Career Connection Network (http://www.careerconnectionnetwork.com), but it is a brand new site, just trying to get off the ground, which takes capital. Workers unite! We don't have to wait for the government to save us. Each of us can make a difference in this economy right now, by looking for ways to help someone in our network. Leverage your LinkedIn page, your FaceBook page, your Twitter postings, to create social capital to create economic momentum. Join a new network; write a blog; share a job lead. A little push from all of us can get this vehicle moving again.

  • Posted By: Coventry @ 02/05/2009 8:21:38 AM

    Layoff, in its truest sense of the word, is the temporary furloughing of workers with the very real intention of calling them back to work at some point. Today's "layoffs" are a euphemism for mass firings.

  • Posted By: Coventry @ 02/05/2009 8:18:41 AM

    Layoff, in its truest sense, refers to a process of furloughing workers with the very real intention of recalling them to work at some point. Today's layoffs are mass firing events

  • Posted By: Robin E. @ 02/01/2009 10:21:25 AM

    In response to clementsal, "firing is the proper term....since in most of these cases, the firm has no intention of rehiring the people who were fired. Layoffs occur when an employer intends to re-employ the laid-off people when demand for their goods or services rises.

    • Posted By: Moonstorm @ 02/05/2009 7:54:14 AM

      Firing is done for a cause -- the employee screwed up. Layoffs are done for no cause. There is a huge difference when you are applying for jobs and answering why you left your last job, believe me.

    • Posted By: Amethystmoon @ 02/05/2009 7:53:27 AM

      Firing is done for a cause -- the employee screwed up. Layoffs are done for no cause. There is a huge difference when you are applying for jobs and answering why you left your last job, believe me.

    • Posted By: Amethystmoon @ 02/05/2009 7:52:29 AM

      Firing is done for a cause -- the employee screwed up. Layoffs are done for no cause. There is a huge difference when you are applying for jobs and answering why you left your last job, believe me.

    • Posted By: clementsal @ 02/01/2009 9:09:11 PM

      My point was that the term 'fired' has such a negative connotation. For the person who has lost their job... because of corporate decisions beyond their control... that term can be emotionally destructive during a very difficult time. The writer should be more mindful of the language chosen.

  • Posted By: Twinhit @ 02/04/2009 11:37:22 PM

    To be perfectly honest, I think that the current economic crisis is the product of the whims of those behind closed doors.
    It is intentional. The real culprits are sinfully wealthy and powerful phantoms pulling the strings.
    Ross Perot talked about that "Giant Sucking Sound" and everybody laughed.
    I never understood the concept of willfully competing against yourself and lowering the odds of your sucess by shooting yourself in the foot.
    IMHO, every living president and their cabinet are to blame as well as those Corporate CEOs and should be held accountable for high treason. And because death has been perpertrated against innocent civilians as a result of political decisions, they too should taste the judgement they brought upon the people. The military should side with the people, not the politicians. And justice should be legally and lawfully persued apprehending these traitors.
    But alas, it will not happen as the people have been dumbed down so far, they cannot recognise a duck when they see one.

  • Posted By: LogicBot @ 02/04/2009 6:29:42 PM

    The Job Loss is because the Free Trade concept is not a viable or legitimate economic principal as it is different from Fair or Reasonable-Trade because it is based on the Free Market principals that have failed the field test and resulted in our present economic doom. This present form of "Free Trade" is not just based on goods manufactured in the United States, but rather the export of US Manufacturing, Jobs, and Technology Knowledge Base. It has been done in such an extreme way that is extracting from the US citizen their ability to profit from the fruits of their own labor in much the same way that Indentured Servitude or Slavery does. This is basically a violation of the US Constitution and it's resolution should hold priority over flawed Free Trade laws and poorly managed Globalization. I think that a legitimate adaptation of Free Trade would be to limit imports from countries that have a diminishing trade imbalance with us, in a regulated and fair way that brings about balanced trade. In this manner it shouldn't violate any reasonable Trade Laws and the same dollar amount of the economic stimulus package would still go into the US economy, while also maintaining World Trade. This change is urgently important as presently we are undercutting our own ability to maintain an economy, educate our youth, and nurture the Technological and Economic Growth needed to continue as a world leader.

  • Posted By: Ublanketyblank @ 02/04/2009 4:17:23 PM

    Let's see. Thousands and thousands of people are losing their jobs. The cost of those things that make a modern society modern (utilities, communications, transportation) keep climbing. States are going bankrupt. On and on it goes. Just what's the point of "Democrat and Republican" anyway?

  • Posted By: Ted Ryfiak @ 02/04/2009 3:38:47 PM

    We have to get back to a manufacturing based economy or we will all end up on welfare. No other industry has the math to back that up. The sooner our politicians realize that - the sooner we can start getting it fixed. Patriotic Capitalism is what we need to practice. The government and the corporations need to protect their home citizens jobs. If the people have jobs - all the financial problems go away.

  • Posted By: Twinhit @ 02/04/2009 12:13:49 PM

    Freightliner does NOT manufacture cars! They manufacture HEAVY DUTY TRUCKS for commercial transportation.
    Kennametal is primarily a machine shop tooling supplier as well as a vendor for other industrial and commercial products that are primarily targeted at manufacturing.

    The problem is American Politicians and Greedy Corporate CEOs as well as investors who play a role in investing (for profit) in these giant manufacturing corporations that had been the backbone of the nation.
    Since the end of WWII, there has been a steady decline in manufacturing here in the US. With the advent of the EPA, OSHA, and other gov. agencies, more manufacturing disappeared.
    High schools have retired occupational courses from their curriculum with the reason given "The jobs will not be needed anymore"

    My point is simple - America, if you don't work, you don't eat and if you don't eat, you starve, you starve until fear sets in and when fear sets in, crime follows.

    Ask yourself a question: What do you do with a car you can no longer depend on??

    You get rid of it. You throw it away.
    America is a throwaway society and now... with acceptance of abortion nearly being the rule rather than the exception, and violent crime in tow, is it any wonder that you, mr or mrs reader-of-these-words are also considered a throw-away item. That's what social security numbers are for - you are someone else's property. Their's to do whatever you wish and they have the military to enforce their will upon you.
    If you don't agree, it is because you cannot see the forest for the trees.
    Have a nice day.
    :>)

  • Posted By: Nowforsomemoretruth @ 02/03/2009 10:07:22 AM

    Who is responsible for the most layoffs? The fact is that the Democrats messing with the housing industry is what started this nightmare to begin with. Below is a link to C-SPAN video clips of the Congressional hearings at roughly the time Republicans attempted with S.190. to fix Fannie and Freddie. See for yourself who said what.

    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    See also:

    http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related (See Obama interview, about 2/3 of the way through)

    http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related

    For an interesting article purporting to detail the House Financial Services Committee Chairs long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx

    "House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."

    The Democrats failed policies started this disaster. Even Bill Clinton says so.

    http://www.youtube.com/watch?v=hfGWxqsKFmY

    For an academic analysis from the field of Economics, See:

    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1322297

    Oh, and by the way, Bush inherited a recession from Clinton, not a surplus that was anything but a surplus of bull on paper. The U.S. economy shrank in three non-consecutive quarters in the early 2000s (the third quarter of 2000 [Clinton Administration], the first quarter of 2001, and the third quarter of 2001). This required the first round of Bush stimulus checks, you may recall. Using the stock market as an unofficial benchmark, a recession would have begun in March 2000 when the NASDAQ crashed following the collapse of the Dot-com bubble. The Dow Jones Industrial Average was relatively unscathed by the NASDAQ's crash until the September 11, 2001 attacks, after which the DJIA suffered its worst one-day point loss and biggest one-week losses in history up to that point. The market rebounded, only to crash once more in the final two quarters of 2002. In the final three quarters of 2003, the market finally rebounded until the housing crises, the cause of which is set forth above.


    • Posted By: vito vera @ 02/04/2009 10:12:27 AM

      The housing mess is due to the fact that the republicans raised usery rates to thirty percent. twenty-five was too high, so raise them. Makes sense to me. Mortgagtes should have been capped at eight percent and credit cards ath ten or twenlve. But the republicans won't do anything to hurt big business regardless how devistationg it is to the middle class.

      • Posted By: Nowforsomemoretruth @ 02/04/2009 12:09:39 PM

        Check your facts. The biggest friend of the Credit Card Industry Lobby for years was Joe Biden.

    • Posted By: vito vera @ 02/04/2009 10:10:02 AM

      you need to get a grip. Clinton inherited the worst recession since the great ddepression before this one of course. Check government records. linton left office with a budget surplus after Ronnie Rayguns quadripled the deficit. governmemt record show the recession was from 1988 until 1982. And by the way of seventeen recessions in the twentieth century fourteen were cuased by the republicans.

  • Posted By: Nowforsomemoretruth @ 02/04/2009 12:08:34 PM

    Dear Pres. Obama,

    I just heard you say the purpose your stimulus Bill is to "save or create 3 million jobs." I notice that number keeps getting smaller, while the price of this Bill keeps getting larger.

    At the moment the Senat Bill has a $ 900 Billion price tag for 3 million jobs. If my public school math is correct, that is $300,000 per job. That's nuts!

  • Posted By: mseaddy1 @ 02/03/2009 4:22:11 PM

    Why are many of these companies who have laid off employee still advertising on TV? They don't need advertising to keep people aware of the. they hava base that willkepp them operational. they should take themoney they placeon advertisinga nd put it in thepocketsof its workers if theycan'yt find anything to do with it but sell their product. Americans know who has the best coffee. They line u p every morning for it. They know whohas the best photo products. theyuse it every day. It dioes not take a rocket scientist to figure how to stop the bleding of jobs. Stop the advertising and then the networks will talk about more important things than who did what to whom, and let the community service annouoncement advertise more to get the message out to American of service avaialble to them. If we want to make it better

  • Posted By: jenjohnson @ 02/02/2009 10:47:14 PM

    Not being very versed with economics and how things work financially, I cannot conclude one way or the other whether the economic recovery package would be effective to the scale suggested. My feeling is that doing nothing about this probably will impact the middle/lower income people more.
    But as an individual who has lived though the last 8 years, I am pretty cynical with the ideas being floated by the republicans. My theory is that why didn't they suggest these ideas and put them into practice the past 8 years. Where was all these outrage and concern then? Why have they all of a sudden become purveyors of good economic judgement. I have my suspicions about their motives, so I'm comfortable in supporting what the democracts are proposing. but the debate should go on to get the best possible recovery plan.

  • Posted By: pattypatty @ 02/02/2009 8:17:20 PM

    I keep telling people to rent the silent film 1929 cult " Metropolis" by Fritz Lang. The done looking workers down on the bottom & Wall St & companies on the top. If the money doesn't flow but only to the rich, we pay more. I may sound obtuse but lenders in the lent mostly to the rich. Now the "anything goes" is over. We have become a bunch of drone workers who have lost our jobs. I hope & pray things change of this country.

  • Posted By: Tea6 @ 02/02/2009 5:00:55 PM

    For a while there was an anti-virtuous circle where Wall Street would urge companies to cut jobs in the US and ship them overseas. They would then upgrade the stock as a reward. Wall Street did this knowing it would create excess money flows from Asia and other parts and that they would get to invest.

    Now days companies slash jobs and their stocks go down. No praise, no reward because Wall Street has been neutered by the government.

  • Posted By: JacLWin @ 02/02/2009 4:54:31 PM

    So how do you all like unfettered Capitalism now?!?! I figured it out way back in the 80's during Reagonimcs that Capitalism is nothing more than another form of indentured servitude. Corporations are the new slave owners and treat their employees as dispensable slaves. People if you don't own your own business or work with a small local business (less than 10 people), your ultimate fate and destiny will be at the beckon call of the corporate puppet masters. I despise the corporacracy (government, banks, WMF, corporations, etc.) and all that they stand for. It will be because of the corporacracy's unchecked greed and self-indulgent activities in the name of furthering economic growth that will ultimately be the demise of our American empire as we know it. I hate to be a "Debbie Downer" but this is reality People! The sooner the populous figures this out, we'll all be better off. Remember, there's power in numbers and there are more numbers with the general populace than the top 1%. I'm sure our forefathers are all turning in their graves right now!
    Create a Great Day!

  • Posted By: clementsal @ 02/01/2009 9:12:33 AM

    'Firing' is not the proper term. The majority of these are lay-offs or cutbacks. People are fired for cause... behavior, tardiness, excessive absents, etc. The companies financial and organization issues are causing these lay-offs. Most people in this situation are not in control of whether they lose their job or not. Please consider that when you publish another story concerning the millions of people who have lost their jobs.

    • Posted By: noble_toiler @ 02/01/2009 2:19:52 PM

      In responce to Clementsal, in most cases a layoff is just today's politically correct way of saying "Youre fired." It is the corporate equivalent of a death sentence, as far as the company is concerened. Most rank and file workers are considered completely disposable and will never be "resurrected" by being called back to work when business conditions improve. Eventually, new, younger people will simply replace the terminated folks at a lower salary.

      • Posted By: clementsal @ 02/01/2009 8:59:22 PM

        Agreed. My point was that the term 'fired' has such a negative connotation. For the person who has lost their job... because of corporate decisions beyond their control... that term can be emotionally destructive during a very difficult time.

        On a very practical note, most states will not allow a person to receive unemployment benefits if it was a firing and not a 'lay-off'.

  • Posted By: codepimp @ 02/01/2009 4:06:20 PM

    tonyrotz comment is the best one I have seen yet. Rush- pill poppin Limbaugh needs to answer as to why all the Bush tax cuts didnt do a damn thing but bankrupt and destroy America. Realise now folks that the republicans cut taxes waged illegal wars, deregulated wall street and still claim its a good thing...The tax cuts are in place and they didnt work. Al it did was raise the deficit because no income means youre borrowing. I read about Daschles Limo... NO LIMOS folks. no jets for the president even. If I am paying for this crap the Senators can ride bicycles with no secret service; if they are afraid of that then they need to face what they have done to the american people. In Roman times when caesars got to powerfull they were deposed. We should do the same to congress and the senate; they should have to pay to be in office; No salaries at all it should be a prestige thing.

  • Posted By: codepimp @ 02/01/2009 4:06:08 PM

    tonyrotz comment is the best one I have seen yet. Rush- pill poppin Limbaugh needs to answer as to why all the Bush tax cuts didnt do a damn thing but bankrupt and destroy America. Realise now folks that the republicans cut taxes waged illegal wars, deregulated wall street and still claim its a good thing...The tax cuts are in place and they didnt work. Al it did was raise the deficit because no income means youre borrowing. I read about Daschles Limo... NO LIMOS folks. no jets for the president even. If I am paying for this crap the Senators can ride bicycles with no secret service; if they are afraid of that then they need to face what they have done to the american people. In Roman times when caesars got to powerfull they were deposed. We should do the same to congress and the senate; they should have to pay to be in office; No salaries at all it should be a prestige thing.

Reply

Report Abuse

Enter comments if any for reporting abuse