The U.S. Department of Labor's Bureau of Labor Statistics (BLS) says there were 5,747 mass layoffs affecting 573,523 individuals from January 2004 through April 2004. That's a lower number of mass layoffs and jobs cut than the year-ago period (6,466 layoffs and 624,833 workers affected). The BLS defines a mass layoff as when 50 or more workers are cut during a single month.
But even as mass layoffs increased, the BLS says the unemployment rate, 5.6 percent, and the number of unemployed persons, 8.2 million, were essentially unchanged in April.
Want some specifics? You got it. Here are some hirings, firings, and noteworthy employment news from the past several days:
The employee, a sales support systems engineer, was at Expand from March 2003 to April 2004 before leaving to join Peribit, according to the complaint filed in U.S. District Court in New Jersey. The complaint alleges that the employee helped Peribit win a contract at Oracle Corp. (Nasdaq: ORCL) worth about $1 million, as well as make progress on other key deals with the U.S. Navy and The Gap.
Mike Banic, Peribit's VP of corporate marketing, says the employee in question is still with Peribit and that he joined the company after being located by a recruiting firm in Southern California. Banic couldn't offer further comment, as the matter is still pending in court.
Expand is two years older than Peribit, has twice the number of customers, but was recently eclipsed by its profitable rival in quarterly revenues, according to sources close to both companies.
Here are some other items that have come across the Headcount desk in the past few days:
- Former Employees Sue Movaz, CEO
- Équipe Forfeits Match
- Bookham Buys Onetta
- Roscitt Bags $8M as MCI Cuts Jobs
- Ciena Gets a Grilling
- Investors Deprecate AFC-Tellabs Deal
- Actelis Names CFO
- Italtel Names New CEO
- Avici Adds to Its Board
- Nortel Hires a Statesman
- Geiger Steps Up to Pedestal
- Zhone Makes Senior Appointments
- SEC Details Lucent Fraud Charges
— Phil Harvey, News Editor, Light Reading