Exelixis Inc. announced a restructuring plan on Monday that will result in the elimination of 270 jobs, or about 40 percent of the bio-tech company’s entire workforce. Exelixis, which is based in San Francisco, said the restructuring will result in a decrease of cumulative cash expenditures by $90 million through 2011. It “increases the company’s financial [...]
Continue reading...Thursday, February 25, 2010
Up to 900 teachers and administrators in San Francisco could be laid off following a vote of the school board. District officials have until a state-imposed March 15 deadline to decide whether the layoffs will be needed to close a $113-million budget deficit the system is facing over the next two years. Last year, the district [...]
Continue reading...Thursday, January 28, 2010
BART, the commuter rail line for the San Francisco Bay Area, will eliminate 74 jobs by July rather than raise fares. Among the jobs to be phased out are seven train car cleaners and 14 janitors, the San Jose Mercury News reports. The BART board says it was faced with the choice of raising fares [...]
Continue reading...Tuesday, December 1, 2009
BlackRock, scheduled to complete its takeover of Barclay’s investment unit today, has said it will eliminate 89 jobs in San Francisco. This represents 1% of the combined workforce of 9000 employees. According to a report filed with the California Employment Development Department the cuts will be made by January 8. No word [...]
Continue reading...Tuesday, June 2, 2009
San Francisco Mayor Gavin Newsom has proposed a $6.6 billion budget for the city’s 2009-10 fiscal year, which calls for the elimination of 1,600 municipal positions, but saves police, firefighters and teachers from the chopping block. The city is coping with a $500 million deficit. The new budget is actually larger than last year’s, due to [...]
Continue reading...Saturday, May 16, 2009
San Francisco mayor Gavin Newsom has announced that 1,000 city workers will lose their jobs, after the city’s biggest union rejected $38 million in wage concessions. The layoffs will affect all city departments. The city has already cut 262 workers this year. It employs 29,000. The Service Employees International Union Local 1021, which represents more than 11,000 [...]
Continue reading...Wednesday, March 11, 2009
San Francisco school officials say millions of dollars from the city’s “rainy day” fund will save the jobs of about 300 teachers. After the San Francisco Unified School District sent layoff notices to 362 teachers this week, Mayor Gavin Newsom said the district will get 25% of the $92 million fund. The Board of Supervisors has to [...]
Continue reading...Monday, February 23, 2009
A district staff report from the San Francisco Unified School District reports that roughly 362 instructors and 144 administrators will be laid off from the city’s school system. The layoffs are expected to include 74 elementary school teachers, 58 middle school teachers, 64 high school teachers, nine associate superintendents, and 38 assistant principles. By law, [...]
Continue reading...
Monday, March 8, 2010
2 Comments