Jan 032013

The holiday season has come to a close and the economic outlook gives concern that the unemployment rate could climb again. Layoff NoticeHere is a list we came across recapping some of the bigger layoffs recently:

  • Abbott Labs (1,900)
  • American Airlines (4,400)
  • Cigna (1,100)
  • Boeing (52,200)
  • Boston Scientific (1,400)
  • Citi Bank (11,000)
  • Citi Group (1,550)
  • Consol Energy (145)
  • Covidien (595)
  • Cummins (1,500)
  • Dana Holding (25,500)
  • DuPont (1,500)
  • Exide Technologies (270)
  • First Energy (400)
  • Hawker Beechcraft (400)
  • Home Depot (7,000)
  • Hostess (15,000)
  • Lockheed Martin (10,000)
  • Major Wind Company (3,000)
  • Medtronic (1,000)
  • Pepsi (8,700)
  • Pfizer (16,300)
  • Sprint Nextel (8,000)
  • St. Jude Medical (300)
  • Stryker (1,170)
  • Wake Forest Baptist Hospital (950)
  • Zimmer (450)
Nov 222012

The Bureau of Labor Statistics released the Mass Layoffs report for October and things are trending in the wrong direction. Keep an eye on these stats as we move past the holiday season and companies tighten up their purse strings. You can read the entire report here but as always, GigSpire gives you the highlights below. Stay educated!

  • Employers took 1,360 mass layoff actions in October involving 131,173 workers as measured by new filings for unemployment insurance benefits during the month
  • Each mass layoff involved at least 50 workers from a single employer.
  • Mass layoff events in October increased by 44 from September
  • The number of associated initial claims increased by 8,711.
  • In October, 344 mass layoff events were reported in the manufacturing sector resulting in 42,946 initial claims.


Nov 162012

18,500 jobs, or close to it, will comes to an end today along with several iconic snack foods. If you haven’t heard the news, Hostess, the makers of the famous Twinkie, Devil Dogs, Wonder Bread and many other popular snack items will shut down operations seeking protection in Federal bankruptcy court.

You can read an article about the issues on almost any news medium, here is a link to CNNMoney’s take on the subject. The most powerful line in the article in our opinion is the number of people who are affected by this move.

“The closing will result in Hostess’ nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide. The bakers’ union represents around 5,000.”

Lesson to be learned, no job is safe. Get yourself ready to find work and constantly build your network of contacts.

Oct 252012

The Bureau of Labor Statistics released the Mass Layoffs report this week outlining the trends for Sept. of 2012. You can read the entire report here but the important facts are:

  • Employers took 1,316 mass layoff actions in September involving 122,462 workers
    • Each mass layoff involved at least 50 workers from a single employer.
  • Mass layoff events in September increased by 49 from August
  • In September, 366 mass layoff events were reported in the manufacturing sector resulting in 39,748 initial claims.
  • The manufacturing sector accounted for 29 percent of mass layoff events and 34 percent of associated initial claims in the private economy.
    • Within manufacturing, the numbers of mass layoff claimants were highest in transportation equipment and in food.
  • Among the census regions, the South registered the largest number of initial claims due to mass layoffs in September.
  • Among the states, California recorded the highest number of mass layoff initial claims in September, followed by Pennsylvania and New York.
Sep 202012
Layoff Notice

Lots of ugly news as thousands of people across the country are being pounded by layoffs. Here is a list of the top layoff actions in the news this week.




The Wall Street Journal reports that Bank of America will fire 16,000 people this year.


Siemens announced Tuesday it will layoff 407 of its 660 employees at its Fort Madison wind blade plant according to RadioIowa.com


American Airlines sent out more than 11,000 layoff warning notices, including more than 1,500 in Florida according to CBS Miami


According to Bloomsbert Businessweek, on Tuesday, Virginia-based Alpha Natural Resources announced it was immediately closing eight mines — four in West Virginia, three in Virginia and one in Pennsylvania — and eliminating 1,200 jobs companywide by early 2013.


Around 150 jobs will be affected as the Faurecia plant in Dexter, MO reorganizes some of its production activities per ABC affiliate KAIT8.COM


In Washington state almost 290 at the Hanford cleanup site will get layoff notices this week according to the Tri-City Herald

So to review the industries that are being hit from the above layoffs:

  • Financial – Bank of America
  • Green Technology – Siemens
  • Transportation – American Airlines
  • Mining / Industrial / Energy – Alpha Natural Resources
  • Manufacturing / Automotive – Faurecia
  • Government – Hanford Cleanup Site

All of these industries are supposed to be in the rebound in today’s economy… Seems to us that these notices are just another reason to get yourself prepared.

Learn the skill of job search, might be you next time.

Sep 142012

The GigSpire team is constantly scanning the news for information about the employment market to provide to our readership. Although we shy away from taking any sides or aligning with politically oriented writers or organizations, sometimes an article comes along that needs to be highlighted.

In an article written by Andre Damon titled “Cuts in US jobless pay, government layoffs throw 1.5 million more people into poverty” there are some pretty staggering facts that should not be ignored about American workers and the challenges facing the unemployed. You can read the entire article here, but our summary of the important bits are below.

  • Only 96,000 net new jobs were created in August, according to the Labor Department, and 368,000 more unemployed people gave up looking for work.
  • The CBPP study, based on data for the first 11 months of 2011, found that 900,000 people dropped below the official poverty line over that period due to cuts in the duration and level of unemployment benefits, and another 666,000 fell into poverty due to lost family earnings resulting from state and local government layoffs.
  • The CBPP concluded that jobless pay cuts and government layoffs combined raised the average monthly poverty rate by 0.5 percent.
  • In 2010, 9.8 million people received state or federal unemployment benefits. In 2011, this figure dropped to 7.7 million, a 21 percent decline. The total amount of benefits paid out fell by 25 percent, or $36 billion.
  • According to the CBPP the figures indicate that for every one person who became ineligible for unemployment benefits because he or she found a job, three more were cut off of benefits without finding work.
  • Over 500,000 people have lost extended unemployment benefits through August, and another 500,000 are expected to lose benefits by the end of the year, according to the National Employment Law Project.
  • State, local and federal governments slashed 386,000 jobs between 2010 and 2011.

Things aren’t pretty, no matter how the situation may be spun by political parties or anyone else. Be aware that the numbers also do not reflect the nearly 14 Million People who are able to work but are not looking for work because they do not believe there are jobs available, known as the “Discouraged Worker.”

Now more than ever it is imperative for each person to learn the SKILL OF JOB SEARCH! Get yourself into a training session or enter the GigSpire Program and get educated for the job search. You never know when it is going to be you looking for work and being prepared with the skills necessary will help you avoid becoming one of these unfortunate statistics.

Sep 022012

Just saw an article published by ABCNews about 8 of the biggest layoffs for the Labor Day weekend. You can find the whole article here but the recap is below.

  1. Hewlett Packard Co. – Expecting to purge over 27,000 people from it’s payroll by 2014.
  2. American Airlines – Tracking to lose 10,000 people by the end of the year.
  3. PepsiCo – Cutting 8,700 employees in 2012.
  4. Food Lion – Closing over 100 stores and cutting headcount by roughly 4,900 people
  5. Procter & Gamble – Already has cut nearly 3,000 positions this year and expects to about another 2,700 in the next 18 months.
  6. Old Country Buffet, Inc.  – Over 3,000 workers will be hit with the closure of 81 restaurants.
  7. Albertsons – Reductions will be affecting nearly 2,500 people in California and Nevada.
  8. Best Buy Co. Inc. – 2,400 people are expected to be let go.

All big companies and all that you would expect would be a “safe” employment opportunity. Remember, corporations are in existence to stay alive and remain profitable. Cutting employees is not a personal issue, it is a “Business Decision.”

Constantly prepare yourself to be ready for a job search. Your next one might be right around the corner.

Aug 282012

According to the report issued by the Bureau of Labor Statistics for July of 2012:

“Employers took 1,340 mass layoff actions in July involving 137,420 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.”

You can read the full report here. The biggest industry hit was manufacturing (about 40% of all mass layoffs for July) with transportation equipment having the greatest concentration of job loss.

Aug 272012

In an economy where jobs around the medical industry have continued to show strong growth, many hospitals are facing budget cuts and layoffs. A quick search on the internet will show you this is happening across the country from Massachusetts to Oregon, Florida to California and  all points between.

Most of the staff being affected are nurses and administrative personnel. If you are considering training for jobs in the medical industry, consider educating yourself in the field of imaging technologies. There is a huge need for professionals who can operate and interpret these tools.

Aug 172012

As if the finance world need another shot of pain, rumors have it that massive layoffs are about to hit the finance district on Wall Street…again. According to an article on CNN located here:

layoffs are likely looming at nearly every major bank.

Over 75,000 jobs were lost in the finance industry on Wall Street in 2011 alone and more are either in process or coming soon. Among the notables:

  • Deutsche Bank – 1,900
  • UBS – 3,500
  • Credit Suisse – 3,500
  • Bank of America – 30,000
  • Citigroup – 5,000
  • Morgan Stanley – 4,000

Remember the economy is bad everywhere and no job is safe. Prepare yourself to interview now, before you need to. Constantly refine your resume. Build social media profiles that reflect you professionally and build out your networks.