But they declared a state of financial emergency earlier this year, and sent notices of potential layoffs to all of its 900 employees last month.
Chicago State University sent notices of potential layoffs to all of its 900 employees Friday, yet another sign of the escalating budget crisis for the Far South Side public institution that stems from the state's budget impasse.
This would have been heresy at the old HP, which had no big layoffs for all six decades of its existence.
Simon & Schuster is the latest big publisher to reduce its work force, after widespread layoffs at the Random House unit of Bertelsmann and layoffs of almost all 29 employees in the digital publishing operation of AOL Time Warner's books division.
While nobody likes layoffs, least of all the employees losing their jobs, it increases a startup's chance for survival by reducing how much cash they burn each month.
And in Pontiac, represented by State Senator Dan Rutherford (R-Chenoa), and the GOP candidate for State Treasurer, its grade school district faces a $1 million deficit and a threat of 39 teacher layoffs and elimination of all sports programs.
In the government's latest survey of how frequently workers are permanently dismissed from their jobs, the layoff rate reached 8.7percentt of all adult jobholders, or 11.4 million men and women age 20 or older.
Here are the highlights of the week's activity as recorded by the Forbes.com Layoff Tracker, which counts the layoffs at all of the nation's 500 largest corporations.
It's a global round of layoffs affecting all areas of the business; and as part of it Jawbone is also closing down its New York office (which was concentrated on marketing) and downsizing satellite operations in Sunnyvale and Pittsburgh.
That will translate to roughly 1,000 layoffs, or nearly 3 percent of all staff members - a culling that has already begun, according to a firm spokesman.
He also said there would be layoffs in all areas of the company because of staff redundancies.
