Advance Auto Parts shutting 500 stores, cutting jobs amid sluggish demand
Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 under a restructuring plan, as demand for auto parts has been hit by fewer consumers choosing to repair their cars. announced that it would reduce its workforce. The auto parts retailer's stock rose about 2% even though it also reported a surprise […]
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced it will issue termination notices to employees included in the aerospace giant's broader layoffs plan. Boeing said the approximately 17,000 employees affected by the layoffs were notified this week and are expected to leave in mid-January. The cuts, which were made in response to a trade union strike, amount to 10% of the […]
Elon Musk, Vivek Ramaswamy could use private sector methods to slash government jobs
If you work for the federal government, there's a good chance you'll receive a pink paper, or at least a severance package before joining the new Trump administration, according to On the Money. Reported. In a move to tame the Leviathan known as the vast federal workforce, President-elect Donald Trump is creating a new Department […]
Post Office to close 115 branches and cut jobs to fund subpostmaster pay rise | Post Office
The Post Office says it plans to close 115 branches, putting around 2,000 jobs at risk, as part of plans to increase postal workers' pay by £250m over the next five years. The Post Office confirmed on Wednesday that it was looking to abolish the 115 branches it currently centrally owns, known as Crown Post […]
Beshear: Dems can win by focusing on 'core issues' like jobs, housing, health care
Kentucky Gov. Andy Beshear (D) on Tuesday laid out a framework for Democrats to regain the trust of the American people after election results gave Republicans control of the White House, the Senate and the House of Representatives. “While I am deeply disappointed in the national results, I refuse to play the blame game,” Beshear […]
Blue-Collar Hispanics, Immigrants Care More About Illegals Taking Their Jobs than Jokes, Celebrities
On HBO's “Real Time” broadcast Friday, host Bill Maher said, “President Trump understands that you're a Mexican immigrant, you're a legal immigrant, you probably have a blue-collar job, but… Who are you worried about?” Are you going to get a job? A man who came across the border. ” And those people don’t care about […]
Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump
Nissan Motor Co. said Thursday it will cut 9,000 jobs and 20% of its global manufacturing capacity as it seeks to cut costs by $2.6 billion this fiscal year against the backdrop of weak sales in China and the United States. The plan highlights the vulnerability of Japan's third-largest automaker, which has yet to fully […]
Nissan to cut 9k jobs, reduce CEO’s monthly pay by 50% as company struggles
Nissan Motor Co. Senior Vice President Jeremy Papin talks about Nissan's growth efforts on “The Big Money Show,” highlighting “breakthrough advances” in consumer EVs. Nissan Motor Co., Ltd. announced that it will “take emergency measures'' to rebuild its business model after its consolidated net revenue and global sales volume declined and its operating profit margin […]
Trump hits Harris over 'worst jobs report in the history of our country'
Former President Trump on Friday slammed the Department of Labor's jobs report during a rally in Michigan, calling it “the worst jobs report in the history of our country.” “We have the latest news, and it’s actually bad news. If you happen to come into conflict with the idiots who made this news, there can […]
Private-sector companies added 233,000 jobs in October, ADP says
See what's being clicked on FoxBusiness.com. Payroll company ADP said Wednesday that private sector companies added 233,000 jobs in October. This number was well above the 114,000 expected by economists and the highest level since July 2023. The larger-than-expected increase in September has been revised upward to 159,000. “Even in the midst of the hurricane […]