Word: cuttingly
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Dates: during 2000-2009
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...Gulf Coast, leaving barely a set of pillars, and threatening the recovery of an area battered by a series of hurricanes earlier this decade. Meanwhile, bankers in Charlotte, N.C., are awaiting their walking papers: No one knows how many of Wachovia's roughly 20,000 employees there will be cut in the company's merger with Wells-Fargo. Or how many of Bank of America's 15,000 Charlotte employees will survive the company's plans to shed some 35,000 jobs nationally in the coming years. "There's a whole lot of uncertainty, especially around Wells," says Bob Morgan...
...base is eroding. If any of Allendale's 38 employees leaves, there will be no replacement. Jackson's dreams of a new police station are dashed. Now, he fears many of the remaining residents will leave. The other day, he showed up in town with two employment applications to cut grass at a nearby nuclear power plant. "Loads of people came up to me grabbing applications," Jackson says. Still, he's hopeful some of the federal government's stimulus money will help Allendale launch new projects. "Morale, it's kind of down right now," he says, adding, "but hopefully...
...Finally, Harvard should cut its wasteful internal public relations division. The Harvard Gazette and the other fluff put out by the Harvard Office of Communications, like The Yard, ought to be axed on both financial and environmental grounds. The publications and their staffs cost a few million dollars each year. Externally, they do nothing to strengthen Harvard’s brand. Internally, they are rightfully regarded as propaganda...
...Further, Harvard is currently slowing down construction in Allston, freezing budgets, and slowing the hiring of new faculty. Some academic programs have had to cut the number of students they admit. If Harvard does not even have enough money for these activities central to a research and teaching institution, then luxuries should certainly be dispensed with, even if this means less work for janitors and other staff...
Facing severe financial pressures, MIT administrators announced this week that they would cut some of the school’s varsity athletic programs by the end of April—a move that gives Harvard sole claim to having the most varsity teams of any school in the nation. The news of the cuts came after MIT announced that its Department of Athletics, Physical Education, and Recreation would have to reduce its spending over the next three years by $1.45 million. Its current annual budget is $12.9 million. MIT athletic officials are currently meeting with student athletes, coaches and interested...