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Most investment banks on Wall Street have tried to hold off on mass layoffs, choosing instead to reduce bonuses and to pare payrolls quietly.
Creditors plan to cut costs by 13 percent across the board but have pledged to continue publishing both The Philadelphia Inquirer and The Philadelphia Daily News and to hold off on any newsroom layoffs for at least one year.
I continued to volunteer there for eight years on and off between layoffs.
The measure saved the county $20 million and Mr. Gulotta backed off on his threat of layoffs.
About 350 court employees, including clerks and court lawyers, are to be laid off on Wednesday, following about 75 layoffs in the court system's administrative offices earlier this spring.
Company Stars are less likely to be put off by the layoffs around them.
Leaders of the New York City Council, hoping to stave off mass layoffs and deep cuts to social service programs, said on Monday that the city should significantly reduce its spending on private contractors.
The expected decline in profits has yet to set off big layoffs.
The teams were coming off long layoffs after sweeping earlier series.
But he said that employment by state and local governments had been slashed by nearly a half-million jobs, and he called on Congress to pass his proposals to funnel more money into the states to stave off further layoffs.
He declined to comment on layoffs resulting from the merger.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com