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The mass layoffs are 3Com's second round in a year.
In the current robust economy, mass layoffs are way down and out of fashion.
In a country where mass layoffs are discouraged, it was an indication of the gravity of the situation.
The mass layoffs are the first in the 82-year history of Weil, which has 21 offices worldwide and headquarters in the General Motors building, one of New York's most coveted business addresses.
The U.S. ranks at the bottom for employee protection even when mass layoffs are taken into consideration as well, despite the 1988 Worker Adjustment and Retraining Notification (WARN) Act's requirement that employers give notice 60 days before major plant closings or layoffs.
Where Pynchon fabricated an industrial giant called Yoyodyne—"a company with factories scattered careless about the country and more government contracts that it really knew what to do with," he writes in "V".—"Lodge 49" invents an aerospace company where mass layoffs are under way.
Similar(49)
"It may be that unemployment rates will rise further than that in the Washington region before all is said and done". The area's mass layoffs were driven largely by declines in the retail and housing sectors.
Nonetheless, despite widespread warnings, every major business from Amazon to Yahoo! took the pink slip plunge: arguing that mass layoffs were the only effective weapon they possessed to respond to major difficulties.
Mr. Iger also said the company, which has so far avoided mass layoffs, was putting into effect "quite significant" cost-cutting measures across the board, but he declined to specify how much the effort could save.
If mass layoffs were spread evenly throughout the year, each month would account for 8.3%.
The recovery may be slow and difficult, but we strongly believe that the era of widespread mass layoffs is behind us.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com