lay-offs

REUTERS/LUCY NICHOLSON

Volvo Trucks Laying Off Hundreds in February

Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.

LA Times AP

L.A. Times Staff Purge Continues

The L.A. Times is still bleeding employees this week with the announcement of a third high-placed staffer leaving the paper.

AP Photo

Texas Oil Giant to Lay Off 9,000 Workers Across Globe

HOUSTON, Texas – Nine thousand workers are set to be laid off by Texas-based oil giant Schlumberger. The oil tool services company said it must fire 9,000 workers because of plummeting crude oil prices and a slow-down in 2015 production and exploration. The employee reduction comprises about 7.5 percent of the company’s 120,000 global labor force.