Calamos Supports Greece

layoffs

Mark Zuckerberg abandons Metaverse for AI

The news leaked out, creating a wave that will soon become a tsunami with new layoffs and a change in the existing setting, but also an upheaval of future plans since Zuckerberg abandoned Metaverse. Will there be a Press Release for...

Google Parent Alphabet to Lay Off 12,000 Workers

Alphabet, the parent company of Google, will axe twelve thousand jobs in the latest round of mass layoffs affecting the tech industry in recent months. Google is set to lose six percent of its workforce as a result. The job...

Amazon to Fire 18,000 Staff to Cut Costs

Amazon is planning to lay off more than 18,000 employees to cut back on costs. It will be the largest dismissal of workers in the firm's 28-year history. It has not yet been announced where the job losses will occur,...

Elon Musk Hires Man Who Lied About Being Fired From Twitter

Elon Musk hired a man who lied about being fired from Twitter in a surprise move typical of the richest person on earth. Daniel Francis along with Rahul Ligma claimed they were fired and walked out of their jobs at...

15,000 Layoffs in Greek Public Sector, Who Gets Cut?

Yesterday, Minister of Administrative Reform Kyriakos Mitsotakis held a meeting with Greece’s Troika of international lenders. The issue of redundancies in the public sector was the leading topic of conversation. Minister Mitsotakis analyzed the timetable for the implementation of the...

Troika Talks Continue in Paris With Focus On Labor Union Rights and Layoffs

Greek government officials spent a second day in talks with the Troika representatives in Paris yesterday. Greece’s foreign creditors were pressing for changes to make it harder for labor unions to call strikes and the introduction of legislation facilitating...

State Efficiency Rising As Public Sector Shrinks

President of the Hellenic Republic Karolos Papoulias met with the General Inspector for Public Administration Leandros Rakintzis on Tuesday, who announced a "marked improvement" in the public sector based on his report for 2013. Rakintzis noted that the Greek state's efficiency is rising...

No Public Sector Layoffs in 2015, Mitsotakis Says

Greek Administrative Reform Minister Kyriakos Mitsotakis on Wednesday pledged that “as of 2015 there will be no layoffs” in the public sector. “We want a public sector that operates with less money, but more effectively,” he said on Greece's ANT1 TV...

6,500 Employee Layoffs in Greek Public Sector

According to the Memorandum of Understanding signed between the Greek government and the Troika of international lenders, approximately 15,000 Greek public employees should have been laid off in 2013 and 2014. From these 15,000, approximately 8,500 layoffs have already been carried...

New Provisions in Omnibus Bill to Alter the Greek Market

The critical omnibus reform bill that needed to release a delayed €10.5 billion installment from Greece’s international lenders was approved by the Greek parliament in the early morning hours of Monday. The bill corrects many injustices that used to exist...