The Wells Fargo Home and Consumer Finance Group plans to layoff 67 Dallas area employees at its automotive-finance facility starting January 10, 2009. The Wells Fargo layoffs are the latest causality in a weakening economy that has been battered by job losses , the credit crunch and a wave of foreclosures. According to a letter [...]

Auto companies facing possible job losses and sinking profits, such as General Motors Corp., Ford Motor Co. and Chrysler LLC asked congress for as much as $25 billion in emergency loans from the financial industry bailout. Opponents of an auto industry bailout describe the automakers as dinosaurs who have failed to adapt to global changes [...]

As the nation face's one of the toughest economic crises in recent history, the country is experiencing another round of layoffs. Over 240,000 jobs were cut in October, raising the country's unemployment rate to a 14-year high of 6.5 percent according to a report released by the Labor Department. The current unemployment rate is higher [...]

Circuit City announced on Monday that it is shutting down 20% of its U.S. stores and laying off 17% of its workforce by December 31, 2008. The move comes as the company experiences its 2nd quarter of losses this year with a 13% decline in sales in September. By closing 155 of its stores, including [...]

According to an article in the Star-Telegram Dallas-Fort Worth residents are facing massive job losses again. Bell Helicopter is cutting 500 jobs after losing a big defense contract with the U.S. Army. The Pentagon decided to cancel the Army's $5 billion-plus contract with Bell to develop the ARH-70A Armed Reconnaissance Helicopter earlier this month. The [...]

The U.S. Treasury Department ended negotiations today with automakers who want government financing for a merger between General Motors and Chrysler. The U.S. Treasury Department is hesitant about investing billions of dollars of taxpayer's money into a merger that will cause over 90,000 layoffs in the auto industry. Cerberus Capital Management (owner of Chrysler) and [...]

According to a story by the Star Telegram Dallas-Fort Worth's job losses grow as Texas Health Resources lays off 49 healthcare workers throughout Texas. Texas Health Resources, which operates 13 hospitals and employs more than 18,000 people, says the layoffs were caused by a drop in the number of people seeking medical care because of [...]

Under a plan approved on Thursday, nearly 1100 Dallas School District employees will find themselves jobless by the end of this month. Over 500 teachers, including those teaching core subject such as math, science, social studies and English/language arts are included in the massive layoff. In addition, 500 administrative employees, including teacher aides, hall monitors [...]

According to the U.S. Labor Department new unemployment benefits claims jumped last week to their highest levels in seven years. The departments report stated that new requests for jobless benefits for the week of Sept. 20th increased by 32,000, much higher than expectations. Experts claim that the elevated jobless rates are due mostly to the [...]