layoffs

Stories 61 - 80 | << Prev   Next >>

Thanks to COVID, an 'Extremely Difficult Decision' at LinkedIn

Company to lay off 6% of its workforce due to pandemic

(Newser) - An "extremely difficult decision" has been made at LinkedIn, and employees found out about it this week: The company is cutting nearly 1,000 jobs, or 6% of its workforce, the Wall Street Journal reports. "LinkedIn is not immune to the effects of the global pandemic," CEO...

Millions More Jobless in US, but a Small Bright Spot

Layoffs are slowing as businesses start to reopen, rehire workers

(Newser) - Roughly 2.1 million people applied for US unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak...

Boeing Slashes 12K Jobs
Boeing Slashes 12K Jobs
May 27, 2020 4:15 PM CDT

Boeing Slashes 12K Jobs

CEO cites pandemic's 'devastating effect on the airline industry'

(Newser) - Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. The company, one of the nation's biggest manufacturers, said Wednesday that it will lay off 6,770 US employees this...

Fired IT Staff Deliver Parting Diss at Billboard
Fired IT Staff
Deliver Parting
Diss at Billboard
in case you missed it
Apr 18, 2020 11:00 AM CDT

Fired IT Staff Deliver Parting Diss at Billboard

Animal House-themed post announcing layoffs was quickly deleted

(Newser) - Revenge is apparently best served by Kent "Flounder" Dorfman. A photo of the Animal House character described as having a 0.2 grade point average topped a late Tuesday article published by Billboard with the headline "Billboard / Hollywood Reporter lays off entire IT staff due to Covid19....

With Millions More Laid Off, a Dire Prediction From Economists

After 5.2M more file for unemployment, unemployment rate could hit 20% in April

(Newser) - The wave of layoffs that has engulfed the US economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week. Roughly 22 million have sought jobless benefits in the past month—easily the worst stretch of US job losses on record. All told, nearly...

Company Lays Off 406 People in 'Chilling' Fashion

One Bird employee says 'it felt like a Black Mirror episode'

(Newser) - There are many ways to lay people off—and then there's Bird's way. "It should go down as a poster child of how not to lay people off, especially at a time like this," says one employee. Similar quotes are rippling through a dot.LA article...

Health Care Workers Are ... Getting Laid Off?

America's for-profit medical system puts needed workers on the sidelines

(Newser) - Tens of thousands of medical workers across the US are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning, the AP reports. Even as hospitals scrounge...

Pier 1 Closing Half of Its Stores
Pier 1 Closing Half of Its Stores
Jan 7, 2020 7:21 AM CST

Pier 1 Closing Half of Its Stores

300 employees to be laid off at corporate HQ: Bloomberg

(Newser) - Pier 1 Imports is planning to close nearly half of its 942 stores in the US and Canada, as well as some distribution centers. Monday's announcement—meaning layoffs for 300 people, or about 40%, of staff at its headquarters in Fort Worth, Texas, per Bloomberg —came as the...

After Troublesome Year, Juul Makes a 'Right-Size' Move

E-cigarette maker will slash 16% of its workforce, per a company official

(Newser) - Due to the public's "lack of trust" in the vaping industry, Juul cut four of its fruit- and dessert-flavored products last month. Now, confirming rumors from last month, the e-cigarette maker says it will cut 650 jobs, or about 16% of its workforce, reports the Wall Street Journal...

Uber Lays Off Another 435 Workers
Uber Lays Off
Another 435 Workers
Sep 11, 2019 2:21 AM CDT

Uber Lays Off Another 435 Workers

Company is trying to 'move toward profitability'

(Newser) - After losing more than $50 million a day in the second quarter of 2019, Uber is tightening its belt. The company announced the layoffs of 435 people in its product and engineering teams Tuesday, which works out to around 8% of both teams, TechCrunch reports. The company said in a...

7K White-Collar Workers Losing Jobs at Ford

Company says it's trying to become more efficient

(Newser) - Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company said the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager, per the AP . In the US, about 2,...

SpaceX Just Got 'Leaner' Ahead of 2 Costly Projects

Company slashes 10% of workforce as it develops spacecraft and a space-based internet

(Newser) - "Extraordinarily difficult challenges" are coming up for SpaceX—which is why it just gave the ax to a good portion of its workforce. Per Reuters and the Los Angeles Times , a spokesman for the Elon Musk-headed company announced Friday that, even though its finances are in good shape, it...

Trump Has Harsh Words for GM Over Layoffs

He says US has done a lot for the company

(Newser) - President Trump says his administration and lawmakers are exerting "a lot of pressure" on General Motors in response to its decision to cut up to 14,000 workers in North America and possibly shutter up to five plants. Trump says he's being very tough on GM chief executive...

Workers Claim AT&T Went Back on Tax Plan Promise

But the company disagrees

(Newser) - Employees are calling out AT&T for what they say are lost jobs amid fat profits. Communication Workers of America members say AT&T CEO Randall Stephenson promised to spend at least $1 billion on capital projects that would create 7,000 jobs if the Republican tax plan passed, reports...

Tesla Slashes Thousands of Jobs
Tesla Slashes
Thousands of Jobs
Jun 13, 2018 1:57 AM CDT

Tesla Slashes Thousands of Jobs

Round of layoffs is biggest in company history

(Newser) - Tesla has never made an annual profit but it's getting serious about trying, Elon Musk said in a letter to employees announcing the biggest round of layoffs in the company's history. Musk told employees that the company's rapid growth had led to "duplication of roles and...

Amazon Announces Rare Round of Layoffs

Company still hiring 'aggressively' in some areas

(Newser) - After a ramp-up in hiring last year, Amazon says it will cut a "small" number of positions at its Seattle headquarters. The company did not give an exact number, but the Seattle Times , citing a person familiar with the cuts, says they affect a few hundred people. That would...

Blue Apron Is Laying Off Hundreds of Workers

Move follows rough few months for meal-kit company

(Newser) - Crushed by Amazon? Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York-based Blue Apron, which had nearly 5,400 employees in June, says the layoffs represent about 6% of its workforce. The company says the cuts were...

One Company Has Already Laid Off 10K in 2017

Macy's isn't alone, though, in racking up such job losses

(Newser) - The good news: The number of layoffs in the US has improved since last year: By the end of July in 2017 there were 255,000 in total, while by the same time in 2016 there were 360,000. The bad news: Per a 24/7 Wall St. analysis, there are...

These Are Worst Layoffs in 21st Century America—So Far

Citigroup's cutting of approximately 50K workers in 2008 tops the list

(Newser) - The worst layoffs of 21st-century America affected the finance, retail, and automotive industries the most. Banks cut workers during the Great Recession, Boeing cut workers after Sept. 11, the US Army cut workers during political budget battles, and stores continue to cut workers thanks to Amazon. Using data from an...

Major Layoffs Hit Microsoft This Week

As many as 3K people could lose their jobs, mostly in sales

(Newser) - Layoffs potentially numbering in the thousands started Thursday at Microsoft, CNBC reports. The company states the layoffs aren't motivated by a desire to cut costs but rather to address sales at the company, specifically in regards to its cloud-computing products. Sales of Azure, Microsoft's cloud-services product, grew 93%...

Stories 61 - 80 | << Prev   Next >>
Most Read on Newser