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.
The Santa Clara County Board of Supervisors was poised to trim more jobs Tuesday because of state and federal budget cuts.
The chancellor of the University of California, Berkeley says the school will layoff nearly 150 employees this year.
Yahoo confirmed multiple reports of more layoffs Tuesday, reducing its work force by 4 percent and as it handed out 600 layoff notices for the holidays.