Putnam Investments is cutting just over 100 jobs according to spokesman Jon Goldstein. Most of the cuts will happen at their Boston headquarters or in the Andover office. This is the third round of cuts since June 2008 and will focus primarily on technology and operations positions. Putnam Investments is a subsidiary of Canada’s [...]
Continue reading...Thursday, November 19, 2009
For the first time in almost two and a half years, Massachusetts saw a drop in unemployment last month. The states unemployment rate fell .4% to 8.9% from September’s 9.3%, the highest level since 1975. Although most of the growth came in professional services, the best news came from the construction industry which [...]
Continue reading...Tuesday, October 20, 2009
Massachusetts has been cutting jobs all year in an effort to make up for its budget deficits. So far this year, 1620 jobs have been cut, with 726 of those coming as layoffs. 129 of those layoffs came during the most recent pay period. The state still has a $600 million [...]
Continue reading...Sunday, October 11, 2009
Massachusetts’ Lieutenant Governor Timothy P. Murray cautioned on Friday that layoffs of state employees would be announced next week. “There will be layoffs that will occur,” Murray said after an hour long meeting with mayors from across the state. He did not go into specifics. Governor Deval Patrick was at the meeting on Beacon Hill along with [...]
Continue reading...Thursday, October 8, 2009
The president of the Massachusetts Senate, Therese Murray, has come out with grim projections in regards to layoffs. In fact, the next few months, according to Murray will be marred by layoffs and budget cuts resulting from a $1 billion dollar budget gap. “I see months ahead of cuts, program elimination, layoffs and big holes,” Murray [...]
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Wednesday, December 9, 2009
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