Fairfax have announced that they are
cutting 550 jobs or 5% of the workforce. Not sure if these cuts affect MyCareer but in any case it is not just Fairfax making the tough decisions.
A few other recent cut backs from around the globe:
Air Canada to cut 2000 jobs
HP cutting 5900 European jobs
Embarq to cut 500-700 jobs
Qantas to cut 1500 jobs
Chrysler plans to cut 1000 salaried jobs
Siemens to cut 16,750 jobs
Wollongong Council to cut 50 jobs
Constellation Brands to cut 350 jobs in Australian workforce
Ford announces VIC job cuts
Melbourne Uni Arts faculty face job cuts
Cadbury axes 160 jobs from Hobart factory
But it's not all bad -
according to Finance Minister Lindsay Tanner 2 days ago "the employment outlook for Australia remains strong despite the large job losses announced recently at major companies...
The overall employment figures are still very robust, we anticipate that they will continue to be in good shape," he said. "It's important to note that bad news always sells well in the media."
Media scaremongering or government propaganda?