Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
US layoffs reach 14-month high amid government, tech cutbacks
By Amina Niasse NEW YORK (Reuters) – U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to…
Paramount CEO Bakish focuses company on big franchises, says layoffs coming
By Dawn Chmielewski and Jaspreet Singh (Reuters) -Paramount Global CEO Bob Bakish said on Thursday that the media company will conduct an unspecified number of layoffs as it strives to become a…
Paramount CEO announces layoffs as cost pressures, take-private talks build – CNBC
(Reuters) – Paramount Global CEO Bob Bakish has announced layoffs at the media firm, as it needs to “operate as a leaner company and spend less,” CNBC reported on Thursday citing a…
Tech layoffs continue after ‘Year of Efficiency’
By Aditya Soni and Chavi Mehta (Reuters) – Big Tech’s “Year of Efficiency” may be over but recent layoffs at Google and Amazon have signaled the firms will keep cutting jobs in…
Stellantis plans some 2,250 temporary layoffs at Italian Mirafiori plant
MILAN (Reuters) – Carmaker Stellantis will temporarily lay-off about 2,250 workers at its Mirafiori plant in the Italian city of Turin in the coming weeks in response to weak demand, unions said…
U.S. layoffs jumped in November led by retail and tech, report shows
(Reuters) – U.S. employers increased their announced job cuts in November, led by the retail and technology sectors, in a further sign that the labor market is beginning to slacken, a report…
Beyond Meat Layoffs: Another Sign of Unwanted Alternatives Gone Bad
NEW YORK, NY – Another symbol of the progressive agenda that was forced upon America is showing signs of failure, joining wind energy and electric cars. Fake meat. That’s plant-based ingredients made…
GM cancels 1,245 layoffs at factories in Brazil, union says
(Reuters) – General Motors will cancel 1,245 layoffs at its factories in Sao Jose dos Campos, Sao Caetano do Sul and Mogi das Cruzes in the state of Sao Paulo, the union…
GM workers in Brazil go on strike in protest against layoffs
SAO PAULO (Reuters) – Metalworkers at Brazilian plants of General Motors have voted to go on strike starting Monday in protest against layoffs carried out by the U.S.-based automaker in the country,…
Layoffs lurk on Wall Street as macroeconomic outlook remains murky
By Manya Saini and Niket Nishant (Reuters) -Top U.S. banks could cut jobs further to keep their expenses in check, especially if lingering economic weakness derails a fledgling recovery in investment banking,…
US employers announce fewer layoffs in September, report shows
By Amina Niasse NEW YORK (Reuters) – U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a year-to-date basis…
Salesforce to hire 3,300 people after layoffs earlier this year- Bloomberg News
(Reuters) -Cloud-based software firm Salesforce Inc is hiring 3,300 people across various departments after cutting 10% jobs in January this year, Bloomberg News reported on Thursday, citing CEO Marc Benioff. “Our job…
Wells Fargo CFO expects more layoffs ahead
By Nupur Anand NEW YORK (Reuters) – Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank has…
Elon Musk’s X can’t beat lawsuit claiming age bias in layoffs
By Daniel Wiessner (Reuters) – A California federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon…
CVS Announces Layoffs This Fall in New Jersey Stores
TOMS RIVER, NJ – CVS, the popular pharmacy chain with many locations at the Jersey Shore is making some employee staff reductions this fall. As part of a nationwide effort to reduce…
Layoffs Near for Remaining Nestle Employees at Freehold Plant
FREEHOLD, NJ – On November 17, the Nestle plant in Freehold will officially shut down and the 218 remaining employees will be without a job, according to the state Department of Labor.…
US space startups’ latest struggles marked by layoffs, shake-ups
By Joey Roulette WASHINGTON (Reuters) – U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. While more established players like Elon…
Top Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies To The Industry
Top Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies To The Industry Will Kessler on August 3, 2023 Top semiconductor manufacturer Qualcomm announced a new round of layoffs on Wednesday, even after…
Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse’s collapse earlier this year. Since the government engineered a…
US layoffs fall to lowest level in nearly a year
By Safiyah Riddle (Reuters) – American employers announced fewer layoffs in July than the year before, marking the first year-over-year decrease in more than a year and bolstering prospects that a resilient…
Twitter again sued over severance pay, bias during layoffs
By Daniel Wiessner (Reuters) – Twitter Inc on Tuesday was hit with the second lawsuit this month to claim that it owes at least $500 million in severance pay to ex-workers, the…
Ford Plans More Mass Layoffs After Getting Multibillion Dollar Loan From Biden: REPORT
Ford Plans More Mass Layoffs After Getting Multibillion Dollar Loan From Biden: REPORT John Hugh DeMastri on June 27, 2023 Ford Motor Co. is set to lay off at least 1,000 employees…
KPMG to cut 5% of US jobs in fresh round of layoffs
(Reuters) – KPMG is laying off 5% of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said…
BlackRock announces fresh layoffs impacting less than 1% of staff – memo
By Anirudh Saligrama (Reuters) – BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo…
Exclusive-SoftBank prepares new round of layoffs at Vision Fund -sources
By Krystal Hu SAN FRANCISCO (Reuters) – SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said, the latest…
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