Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don’t fit into his plans for turning around the beleaguered Internet company.
San Jose’s Mayor Reed is pleased his most recent budget report shows a surplus, but admits cuts to services are partly the reason for being in the black.
San Jose Mayor Chuck Reed supports a study that he commissioned that suggests both the fire and police departments could slash hundreds of jobs.
Bank of America, one of California’s largest employers, will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year.
Oakland Mayor Jean Quan cast the deciding vote Thursday night as the Oakland City Council approved a budget for fiscal 2012 by a narrow 5-4 margin only hours before its deadline.
The San Jose City Council has approved a budget that includes hundreds of layoffs, in an attempt to close a $150 million deficit. The final vote was 7-4 in favor of Mayor Chuck Reed’s budget plan for 2011-2012.
Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division. The cuts include workers in the Bay Area.
All indications were that there would be a lot of job shuffling at the end of the month.
The Santa Clara County Board of Supervisors has started work on closing a $220 million budget deficit through a combination of layoffs and service and program cuts.
Tuesday wasn’t shaping up to be a happy day at San Jose City Hall. Hundreds of workers – representing about 10% of the workforce – would be told they stand to be out of jobs by July.