Lessons from entrepreneurs who have launched businesses in the last 18 months.
"About 450 head office and support staff are being made redundant by Woolworths as the turmoil surrounding the stricken retail chain's future continues," the Guardian website said. Deloitte, which has been appointed as the administrator for the collapsed retail chain said that the job cuts would be in Woolworths' Central London and Rochdale offices and not in the 815 stores of Entertainment UK, its DVD and CD distribution business, The Times said.
The story of gloom and doom continues to haunt the US economy. With advertising revenue going downhill, two of US newspaper majors -- The New York Times and The Washington Post -- plan another round of pay cuts and layoffs. Facing financial difficulties, the New York Times Company has imposed five per cent temporary pay cut for most employees and laid off 100 workers.
Citigroup's Indian origin CEO Vikram Pandit, who has been on a major restructuring drive, including thousands of layoffs, since taking charge late last year, has asked his colleagues to help transform the "best financial institution" into the world's top-most company.
Amid speculation that there would be reduction in number of H-1B visas, which has attracted large number of Indian professionals, a top immigration expert has said that the quota of 65,000 will get capped as the filing opens on April 1.
Revival hopes of the diamond industry have been dashed as gems and jewellery manufacturers feel that little help has been provided to them in the Interim Budget for 2009-10.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
Maria Sharapova continued her build-up for Wimbledon by winning back-to-back matches to reach the quarter-finals of the Edgbaston Classic on Thursday.
Reskilling and online certification are the biggest earners in the Indian online education market
'Job opportunities will be available in pharma, retail, medical, virtual business operating sectors, IT sector, telecommunications, infrastructure development, healthcare sector and e-commerce.'
Six times a men's singles champion Down Under, the Serbian will be joined in making a return at MelbournePark by 2008 women's champion Maria Sharapova, who missed last year's tournament because of a doping ban.
Maria Sharapova's Grand Slam comeback ended in the French Open quarter-finals on Tuesday after she was demolished 6-0, 6-2 by Slovak Dominika Cibulkova.
Maria Sharapova came back from a break down in the decider to book her place in the third round of the French Open with a 6-2, 1-6, 8-6 victory over fellow Russian and 11th seed Nadia Petrova on Wednesday.
Home loan borrowers perpetually worry about the consequences of defaulting. And whether they wish it or not, there could be situations where they are forced to do so. For instance, after the Mumbai bomb blasts on July 11 2006, a large number of affected families found themselves in deep financial trouble leading to difficulties in servicing their home loans
Djokovic, who is aiming for a fifth Wimbledon title and his 16th Grand Slam crown, plans to play only one or two exhibition matches in the build-up to the grasscourt major.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
The Forbes annual ranking of fiction's richest.
The whopping numbers are just a continuation of a strained labor market as employers in America slashed 5,33,000 jobs in the month of November, the maximum downsizing in 34 years. Right from telecom giant AT&T to battered banking major Credit Suisse to steel maker ArcelorMittal, the layoffs are spread across the sectors, amid the worst financial turmoil since the Great Depression of 1930s.
According to the Financial Times, Credit Suisse will be trimming its workforce by 10 per cent leading to job loss for 650 employees, while HSBC said it was slashing 500 jobs. Credit Suisse has been impacted by the loan writedowns, which has led to two quarters of losses for Switzerland's second-largest bank this year, the report said.
Employees with higher emotional intelligence are better equipped to handle internal changes in companies especially in the times of recession where various cost-cutting measures such as job slashes and layoffs are becoming the norm, according to a new survey.
Cuban faces insider trading charges for avoiding a $750,000 loss on an investment in an Internet search company.
"There will be no layoffs in the Indian context and, as said before, we will be recruiting 25,000 people gross. We will make our people prepared for the upturn, which will happen. We are focusing on recruiting people and training them. We are focusing on education as this is a great opportunity to make a positive brand and image for the company. We are still seeing opportunities in the market," said Kris Gopalakrishnan, CEO, Infosys.
Chelsea's rapid improvement under coach Guus Hiddink continued on Sunday when Michael Essien's goal earned a 1-0 home win over Manchester City which moved them back into second place in the Premier League. Essien, recently back from a long layoff with a knee injury, beat City keeper Shay Given in the 18th minute to seal the victory that left Chelsea four points behind leaders Manchester United who lost 4-1 at home to Liverpool on Saturday.
Residents in these 10 spots are experiencing the most economic upheaval.
New Zealand on Saturday recalled Jacob Oram and Jesse Ryder for the two Twenty20 internationals against India next week, while also naming fast bowler Ewen Thompson in the 13-member squad. The first match is scheduled for February 25 at the AMI Park in Christchurch while the second will be played at Wellington on February 27.
India Inc will see single-digit salary increases for the first time in six years and the salary increase projections may fall even further in the coming months, says a report by HR consultants Hewitt Associates.
Summary of World Cup qualifiers played across the world on Thursday
Former world number one Maria Sharapova is once again trying to hit the fur off tennis balls but admits she may no longer be feared.
Lendl Simmons made a career-best 282 to lift West Indies A to 574 for eight declared against the touring England side on the second day of the three-day tour match in St.Kitts on Friday. Trinidad and Tobago batsman Simmons resumed on 171 overnight and added a further 111 before he was out lbw to Ryan Sidebottom, the left-arm seamer's first wicket since coming back from a six month injury layoff.
The 33-year-old, who has taken a break from Tests to manage his workload, missed the final of South Africa's domestic 50-overs tournament with a back injury, which also kept him out of Royal Challengers Bangalore's IPL opener against Delhi.
Sania Mirza will kick off her Australian Open campaign with a first round match against Marta Domachowska of Poland and might run into 10th seed Nadia Petrova if she clears the hurdle in the first Grand Slam of the year. Ranked a lowly 107th after her long injury layoff, Sania would take on world number 61 Domachowska hoping to get past the player who beat her in their only previous meeting in a hard-court tournament back in 2003.
Jelena Dokic was unable to shake off the rust of a two-month layoff and lost to Belgian Kirsten Flipkens 6-3, 6-4 in the first round of the US Open on Monday.
Marat Safin's swan song hit another sour note at the Montreal Masters with a 6-2, 3-6, 6-2 first round defeat by Frenchman Gael Monfils on Monday.
Having a job may be the latest status symbol for Americans in these times of massive layoffs, but many still skip work with no valid reason and one in three employees calls in sick when they are not.
Manchester United midfielder Michael Carrick is likely to be out for up to a month with an ankle injury in a further blow to the troubled Premier League champions, British media reported on Friday.
US banking behemoth Citigroup is still looking out for new employees and has posted more than 100 job vacancies over last week
Among the blizzard of pink slips on Wall Street, some banks are growing their staffs ... others aren't.
The country's second largest two-wheeler manufacturer, Bajaj Auto, on Sunday said there was no case for any layoff in the company even though there has been a cut in production due to a slowdown in demand. According to the figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during October was down by 18.17 per cent at 5,38,353 units, against 6,57,874 units in the same month a year ago.
Financial giant Citigroup, led by India-born Vikram Pandit, is in for an aggressive round of layoffs, where it will start firing about 6,500 employees from its investment banking business from Monday, media reports said.
'Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy,' advises Akash Prakash.
