Fund managers are planning to slash employee bonuses in December, according to study to be released this week by Glocap, a hedge fund recruiting firm.
The chilliness that kept her from the company cafeteria may have had something to do with laying off as many as 33,000 workers, "right-shoring" (read: off-shoring) jobs to China and slashing employee profit-sharing.
At the same time, Mr. Emanuel is mindful of the longstanding influence of organized labor in Illinois politics, and he has blanched at rivals' efforts to portray him as an anti-union politician in the mold of Gov. Chris Christie of New Jersey and others who have moved to slash employee costs.
According to a weekend report in The Detroit News, Ford also is looking to slash employee benefits.
What she did succeed in doing was to restore class privilege, boosting profitability while slashing employees' share of national income from 65%to5353% through her assault on unions.
Come what may many firms will gradually come under more pressure from shareholders to do one of three things with their investment-banking units: exit, consolidate or slash employees' pay.
Many companies, industry executives say, have eliminated or slashed their employee recognition programs because of the sluggish economy.
A worker at a grocery store in the East Village who colleagues said was despondent over a breakup with his girlfriend, a cashier there, fatally stabbed her at the store on Friday afternoon and also slashed another employee, the police said.
Challenger found that energy's woes are a continuing problem, but April was marked by major cuts from Intel, which slashed its employee ranks: nearly three-quarters of the 16,923 cuts in the sector were the result of the chip-maker's 12,000 layoffs.
