Free Republic

The woman who fended off Carly Fiorina to retain her Senate seat in 2010 says when America learns more about Fiorina's business record and "mean" spirit, she will no longer be riding high in the polls. As Fiorina soars in recent surveys for the Republican presidential nomination on the back of two strong debate performances, the race between the former Hewlett-Packard CEO and California Sen. Barbara Boxer is coming back into the spotlight. -snip- "When you examine her record and the fact that she shipped 30,000 jobs overseas and forced those beautiful employees to even train their foreign replacements, when...

Republican presidential candidate Carly Fiorina is riding high since she put up another strong debate performance on Wednesday, with a new poll showing her vaulting into second place in the GOP primary. But she is set to face more scrutiny befitting her status in the top tier of the GOP primary race. One example was the grilling she took during an interview with Chris Wallace on "Fox News Sunday." Fiorina, who lost a Senate bid by 10 points to Sen. Barbara Boxer, D-Calif, in 2010, was on the defensive about her record as CEO of Hewlett-Packard, where she oversaw a...

“Let me assure you, if the revenue environment weakens or interest-rate structures don’t move up, and the economy slows down, we’ll have to take out more costs,” Bank of America CEO Brian Moynihan said on Thursday at the Barclays Global Financial Services Conference. And that would mean more job cuts.BofA is famous for whittling down its headcount in recent years. In Moynihan’s 25-slide presentation, there was this chart that shows just how skillfully he has trimmed down his workforce, chopping it by 25% overall since the second quarter of 2011:Wolf Street So if, as he said, “interest-rate structures don’t move...

In a race to represent California in the U.S. Senate, Republican Carly Fiorina has emphasized her "real-world" business experience as chief executive officer of one of the world's largest tech companies. But Fiorina's controversial 6-year tenure as CEO of computer-maker Hewlett Packard has also been used by Democrats to attack her. The latest attack ad from the Sen. Barbara Boxer campaign picks up on a thread introduced in the primary -- accusing Fiorina of laying off tens of thousands of workers at HP, shipping jobs overseas and all the while padding her own bank account and toy box. Here's what...

Hewlett-Packard Co. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history. -snip- Things began to change at the outset of this century under former CEO Carly Fiorina, now a candidate for the Republican Party's nomination in the 2016 race for president. Fiorina engineered a $25 billion acquisition of PC maker Compaq that angered many shareholders, including heirs of the company's founders. She cut more than 30,000 jobs before she was fired a decade ago.

The Hewlett-Packard Company is no stranger to job cuts: During the Carly Fiorina era in the early aughts, the company’s workforce was slashed by 30,000. Fast forward to the Meg Whitman years and the company is still thinning itself out: following job cut announcements in 2014 that amounted to a 55,000-person reduction in headcount, the tech giant said Tuesday that it expects to lose another 30,000 jobs as a part of its planned transformation. In a meeting with analysts Tuesday, HP provided an updated look at its plans to split into two publicly traded companies – HP Inc, which will...

When Obama was speaking to environmentalist supporters in 2008 regarding his plans to address “climate change,” he candidly revealed, “Under my plan, electricity costs will necessarily skyrocket.” Obama’s White House Science Advisor John Holdren later elaborated, “We need to de-develop the United States to bring our economic system into line with the realities of ecology and the global resource situation.” The so-called Clean Power Plan proposed by Obama’s EPA is well-designed to do precisely that -- de-develop the United States. A new study from the National Black Chamber of Commerce estimates the regulation will cause job losses reaching 7 million...

Deutsche Bank has witnessed an exodus of executives this year in what’s been a tough stretch for the German lender. Here’s a brief recap of the bank’s recent trials and travails for those who need a refresher: The bank, which has paid out more than $9 billion over the past three years alone to settle legacy litigation, has become something of a poster child for corrupt corporate culture. In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee) and subsequently paid $55 million to the SEC (an agency that’s been run by...

After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue to decline, some have asked - is there any labor-related chart that matters any more?The answer:...

<p>As a patriotic and proud citizen of the United States, I have a story to share that has not only impacted my family, hundreds of colleagues, but also current and future United States workers.</p> <p>As I watched the grim faced Disney Executive, it was obvious that bad news was going to be delivered. The dead silence was broken when the Disney Executive made a harsh announcement. All of you in this room will be losing your jobs in the next 90 days. Your last day of employment for this company will be January 30, 2015. Your jobs have been given over to a foreign workforce. In the meantime you will be training your replacements until your jobs are 100 percent transferred over to them and if you don’t cooperate you will not receive any severance pay. Also, if we don’t feel confident that we have captured everything that you do we can, at our discretion, keep you longer than the 90 days until we have captured everything that you do with this job. Don’t discuss this meeting with anybody else in the company. Everybody in the room was appalled at the message. I was completely silent thinking how this was going to affect my coworkers and how I was going to break the news to my wife and children back at home as I was the only person in my home with a steady job. How would I pay for all the expenses that go along with a home, a wife, and children?</p>

President and first lady Michelle Obama's bid to cut kid obesity through new demands for more costly but healthier food is financially crushing the nation's school cafeterias, forcing staff cuts, boosting waste and killing plans to buy new equipment, according to an industry association. A new survey from the School Nutrition Association reported that 70 percent of the nation's lunch programs have been financially "harmed" by the new low-salt, low-sugar menus and that a stunning 93 percent report fewer students buying the chow. "Meeting these mandates has harmed the financial health of nearly 70 percent of school meal programs surveyed,...

Moments ago Challenger reported August job cuts, which at 41,186 were a 60% drop from the 115,730 reported last month (the highest since September 2011), which however was driven by a one-time mass layoffs last month in military staffing. Putting August in its correct perspective, the number was 2.9% higher than the same month a year ago, when 40,010 planned job cuts were announced. What is troubling is that this marks the seventh month this year that the job-cut total was higher than the comparable month from 2014.What is worse is that for all the euphoria about initial claims...

During a visit to the Iowa State Fair on Saturday, Republican presidential candidate Donald Trump -- while repeatedly describing her as “nice woman” -- took aim at his GOP rival, former Hewlett-Packard CEO Carly Fiorina, attacking her record in the private sector and her failed California Senate bid. “She's a very nice woman, she got fired, she did a terrible job at Hewlett-Packard, she lost in a landslide -- other than that, she's a very nice woman,” Trump, echoing recent comments, told ABC News Martha Raddatz when asked for his thoughts on his solo female GOP competitor for the nomination.

She’s running for President on her track record as CEO of HP, but if that’s the case, Fiorina might want to rethink her strategy. -snip- Still, with a scant 5% of Fortune 500 firms employing women CEOs, her leadership of a huge global enterprise in the macho field of IT is impressive. But how did she do? The answer in short is: Pretty badly. In 1999, a dysfunctional HP board committee, filled with its own poisoned politics, hired her with no CEO experience, nor interviews with the full board. Fired in 2005, after six years in office, several leading publications...

(AP Photo/Ng Han Guan, File) Taiwanese smartphone maker HTC on Thursday announced plans to lay off 15 percent of its workforce — or about 2,300 people — amid weak demand and sales in China. The cuts will be part of a "strategic realignment" after the company projected a net loss for the current quarter. The plan will trim operating expenditures by 35 percent and shift the company's focus toward premium smartphones, virtual reality and connected lifestyle products. "As we diversify beyond smartphones, we need a flexible and dynamic organization to ensure we can take advantage of all of the exciting...

COLUMBUS, Neb. (AP) - Officials say nearly 300 Columbus jobs will be lost with the closing of the Apogee Retail call center. The Columbus Telegram reports (http://bit.ly/1Ikppdx ) that the company announced the closing on Tuesday, after workers were informed. The closing is planned for Oct. 4. Apogee is a subsidiary of Savers LLC and operates more than 330 thrift stores in the U.S., Canada and Australia. The Columbus operation employs 176 full-time and 120 part-time workers....

U.S. job cuts soared to a nearly four-year high in July as the military announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas. Employers based in the United States announced 105,696 layoffs last month, the first time monthly reductions exceeded 100,000 since September 2011. A year ago, U.S. companies announced plans to cut 46,887 jobs. The Challenger report comes a day before the Labor Department's crucial July jobs report. A weak report would make it less likely for the Federal Reserve to announce its first interest rate increase in nine years at...

"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville. The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron...

Vladimir Putin has fired 110,000 people. The Russian president signed a decree two weeks ago that reduced the number of full-time employees in the interior ministry of Russia by about 10% — or 110,000 people. Most of the cuts will be to administrative staff. It will bring the total number of employees in the agency down to just above 1 million, according to CNN Money. The interior ministry is in charge of the Russian police, paramilitary security forces, and road-traffic safety. The interior ministry's press service also told RIA Novosti that these reduction plans would affect the management structure at...

<p>FORT WAYNE, Ind. (AP) — A contractor with the U.S. military says it's getting rid of 360 jobs in its Fort Wayne facility as it moves radio manufacturing to an existing plant in Rochester, New York.</p> <p>Harris Corporation announced Wednesday that job cuts will begin this fall and finish by the middle of next summer. WANE-TV reports that about 900 people currently work for Harris in Fort Wayne, and that the cuts only affect the division that makes radios.</p>