Heavy losses in its loan department is forcing GMAC to eliminate 554 jobs and close three offices. Multiple reports indicate GMAC will cut 313 positions…
Facing a $212-million budget shortfall, Los Angeles Mayor Antonio Villaraigosa has mandated 1,000 city jobs be eliminated. The decree by Villaraigosa came after the City…
Tulsa, Oklahoma has been hit hard by the recession. Today 114 public school employees lost their jobs and 47 additional vacant positions will remain unfilled.…
Declining sales of building-related materials has led Berkshire Hathaway Inc. to cut about 3,000 jobs. The cuts were revealed in a regulatory filing made Thursday.…
Poniard Pharmaceuticals is cutting more than half its workforce so it can save money and continue clinical trials on its new cancer drug. Poniard, which…