Yesterday, Mayor Bloomberg announced that he teamed up with Spider-Man, er, Marvel Comics, to produce a free comic telling unemployed New Yorkers about the city's resources to help them find jobs. Hopefully City Hall has some extra copies, because Bloomberg unveiled about $1 billion in job cuts—thousands of positions are being eliminated—and other cost savings measures. more ›

Morgan Stanley has been cutting jobs in bulk ever since their acquisition of Smith Barney last year, most notably with the 200-employee cut back two weeks ago, which Reuters was told would be the "'lion's share' of the merger-related job cuts." It seems that source must have mixed up his euphemisms, perhaps referring instead to adorable baby cubs' share of the cuts—because the carnage has only begun. more ›

The New York City Health and Hospitals Corporation announced it would eliminate 400 jobs as a way to save $105 million for the next fiscal year's budget. NY1 reports that HHC, which serves 1.3 million New Yorkers, is also closing "four school-based health programs, three community clinics, and two mental health day treatment programs." HHC President Alan D. Aviles said the cuts were in part due to labor and the rising number of uninsured patients the hospitals see (450,000/year) and said more cuts could be on the way, saying this was just "one-third" of the problem. State Health Commissioner Richard Daines tells the NY Times that the governor is trying to negotiate using federal stimulus money to help aid HHC, but, noting "unprecedented fiscal crisis" made some difficult choices necessary, said he hoped public hospitals would delay capital construction project instead cutting service. Some other HHC annual stats: It has 7,510 beds, 4,942,9377 clinic visits, 1,069,031 ER visits and 23,384 births. more ›

While Mayor Michael Bloomberg is talking about 23,000 city jobs being on the line due to the budget crisis, the company he found announced that it will make the first layoffs in the company's history. The NY Times reports that 100 jobs will be eliminated "in Bloomberg’s radio and television divisions, which are being reorganized around the world. Most of those laid off are based in New York City, where Bloomberg has its headquarters. The cuts represent about 1 percent of the company’s more than 10,000 employees." However, the Bloomberg LP spokeswoman, who confirmed the company makes $6 billion in annual revenue, says that the cuts due to the recession and that the company is planning on about 1,000 new hires. The Mayor owns about 80-90% of Bloomberg LP. more ›

MTA officials are planning on eliminating the jobs of more than 240 people in order to shave $40 million from its annual budget. The staff reduction will constitute almost one half of 1% in the MTA's headcount, which oversees Metro-North, the LIRR, and NYC Transit. The savings will be recognized through the consolidation of multiple overlapping jobs by creating a centralized control center. more ›