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WV Hardwood Producer Shuts Down, Affecting 850 Jobs

A West Virginia hardwood production company closed Friday, eliminating hundreds of jobs filled by local residents. When state Economic Development Secretary Mitch Carmichael heard that Allegheny Wood Products, which has been in business for the past 50 years, was closing, he called the situation “very sudden and unfortunate,” Metro News. report on friday. According to […]

Vice Media To Stop Publishing On Its Website, Cut Hundreds Of Jobs

Vice Media Group was on the verge of filing for bankruptcy last year. Vice Media Group will cease publishing on its website and lay off hundreds of employees next week, CEO Bruce Dixon announced in a memo. He blamed cost efficiency as the main reason for this bold move by the American-Canadian digital media company. […]

NYS won’t regain all jobs lost from pandemic until 2026: reports

The Empire State is not expected to recover all the jobs lost to the coronavirus pandemic until at least the second half of 2026, according to a new analysis. State Comptroller Tom DiNapoli’s report cites projections from Gov. Kathy Hochul’s office that New York state’s job recovery from the COVID-19 pandemic has been slower than […]

Biden Shields Palestinians from Deportation, Vows to Give Them U.S. Jobs

President Joe Biden has given the Department of Homeland Security (DHS) the power to protect Palestinians living in the United States from deportation while easing working conditions to attract them to American jobs. On Wednesday, Biden issued The memorandum to DHS and the State Department provides at least an 18-month “deferral of forced departure” for […]

Morgan Stanley to reportedly cut hundreds of jobs in wealth management division

Morgan Stanley is reportedly cutting hundreds of bank jobs in its wealth management division as part of cost-cutting measures implemented by new Wall Street CEO Ted Pick. According to the Wall Street Journal, the company plans to cut executive directors and other non-customer-facing employees. The company was the first to report planned job cuts. The […]

CBS owner Paramount cuts 800 jobs two days after record-setting Super Bowl

CBS parent company Paramount Global plans to cut hundreds of jobs just days after broadcasting the most-watched Super Bowl in history, according to a report Tuesday. The job cuts will reduce the company’s workforce by about 3 percent, the Guardian reported. reportIt said staff were notified of the decision on Tuesday. “To those who have […]

Instacart cutting 250 jobs weak sales growth sends shares plunging

Instacart announced Tuesday that it plans to cut 250 jobs, or about 7% of its workforce, to focus on “promising” initiatives. But shares of Instacart, officially known as Maple Bear, fell about 10% in after-hours trading after the company missed fourth-quarter revenue estimates. The grocery delivery company joins several companies in the U.S. and Canada […]

The Body Shop’s UK Arm Goes Bankrupt, Thousands Of Jobs At Risk

The Body Shop was founded in 1976 by Anita Roddick. The UK arm of The Body Shop, a nearly 50-year-old cosmetics company known for its ethical hair and skin products, has gone bankrupt, putting thousands of jobs at risk, administrators announced on Tuesday. The retailer has appointed FRP Advisory experts to oversee management. This is […]

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