There was once a time when you couldn't miss Starbucks because there were at least several in the trendiest areas of town; but now times are tough and the once expanding giant is rapidly contracting. According to an article in the Dallas Morning News, Starbucks is closing 300 stores (that's in addition to 600 stores [...]
This week the House passed an $819 billion stimulus package in the hope that it will help create more jobs and slow the recession gripping the nation according to an article in the Dallas Morning News. Texas legislator Chet Edwards, who helped write the bill urged officials to pass the stimulus package because Texas is [...]
According to an article in the Star-Telegram, over 50 percent of the hotel rooms in Dallas-Fort Worth sat empty in December 2008 and 2009 is expected to see even higher vacancy rates. The article said: Fort Worth's hotel occupancy rates are expected to continue to decline in 2009, partly due to the addition of hotel [...]
According to an article in the Star-Telegram, Texas Instruments announced 3,400 job losses as the economy continues to contract with job losses, bankruptcy and foreclosures. Texas Instruments' job losses will eliminate 12 percent of its work force in hopes that it can save $700 million in expenses and stop the financial blood letting it has [...]
As if 2008 wasn't bad enough 2009 has brought tens of thousands of fresh layoffs most of which were just announced this week. According to an article in the Star-Telegram, Sprint Nextel Corp., the third-largest wireless provider in the country announced 8,000 job losses. Home Depot Inc., announced that it will implement 7,000 job losses [...]
According to an article in the Dallas Morning News, Microsoft Corp. will implement 5,000 job losses over the next 18 months representing more than 5 percent of its 94,000 employee work force. For everyone Microsoft was a real surprise. No one expected the very powerful and seemingly ever expanding company to actually experience any major [...]
According to an article in the Star-Telegram, Texas' unemployment compensation trust fund may fall short $447 million by Oct. 1, because of the temporary suspension of the unemployment replenishment tax last year. Although the unemployment replenishment tax was reinstated this month, it won't be enough to reach the $861 million required by Texas law. The [...]
According to an article in the Dallas Morning News , Texas employers drastically slashed payrolls in December adding 25,700 jobs to the list of job losses causing the state's unemployment rate to rise to 6 percent from 5.7 percent the month before. And that number's up from 4.2 percent in December of 2007. What will [...]
According to an article in the Dallas Morning News, over 6 million Americans continue to claim unemployment benefits; but the job losses continue unabated. Microsoft Corp. announced 5,000 job losses to be implemented over the next 18 months. Huntsman Corp., a chemical maker will suffer 1,175 job losses this year, representing more than 9 percent [...]
Bank of America Corp. announced in a letter to the Texas Workforce Commission that there will be 85 job losses at a Dallas call center. The job losses are just one of the many actions Bank of America is taking to streamline its operations and save itself financially and avoid bankruptcy. As most know, Bank [...]