Cleveland-Cliffs announces layoffs of 600 Michigan plant workers
Penn Mutual Asset Management CIO Mark Heppenstoll focuses on the latest move by President Donald Trump to impose a 25% tariff on car imports into the US Steelmaker Cleveland-Cliffs announced this week that it would ignite one of its production plants and fire around 600 workers, citing soft demand for steel used in automobile manufacturing. […]
Hundreds of Canadian steel workers hit with layoffs as Trump’s tariffs squeeze industry
Hundreds of Canadian workers have already been fired from steel factories as President Trump's tariffs narrow the industry. At least 200 members of United Steelworkers, the largest private sector union in North America, have previously lost employment, according to Marty Warren, the group's national director. United Steelworkers has over 225,000 members in Canada. And Canadian […]
‘GMA3’ will stay on air despite speculation over fate after layoffs
ABC News sticks to “GMA3” despite a massive layoff from parent company Disney. Its production staff led to speculation that the third hour of the flagship morning show could be x. Armin Karamemedovich, who took over as president of ABC News last summer, will speak to rattling staff at All Hands Town Hall in New […]
Exclusive | MSNBC bigwigs’ stunning gaffe leaked layoffs plan –
Bungling MSNBC Bigwigs accidentally printed details about Bloodbath of the impending work of a left-leaning network. The production assistant stumbled upon “Killist” at MSNBC's 30 Rock HQ in midtown Manhattan just before the cut was announced on Monday, February 24th. Document detailing the leaked layoff plan was incorrect Printed before cutting. The printed pages viewed […]
Changes in Federal Funding Forces Sesame Workshop to ‘Downsize Significantly’ amid Layoffs
The Sesame Workshop will be “slightly reduced” due to ongoing layoffs, said President and CEO Shelley Rollins Westin on Wednesday. The Westin announced the layoffs in a shared letter to staff on Wednesday, expressing his gratitude for all his past contributions. “Unfortunately, the Sesame Workshop is unsuppressed by the current economic challenges that are inherent […]
US announced job cuts surge 245% in February on federal government layoffs
The “The Big Money Show” panel doubles when Doge emails him, “What did he do last week?” Layoffs for US workers have surged to levels not recorded since the last two recessions amid fears of large-scale Trump administration jobs cuts in federal agencies, cancellation of contracts and widening trade wars. Global Outplacement Firm Challenger report […]
ABC News eliminating 538 amid layoffs
According to information obtained by Hill, ABC News Group has eliminated political division 538. The layoff is expected to affect 200 employees, representing less than 6% of the company and Disney Entertainment Network Unit staff. 538 15 employees are being let go. The Wall Street Journal first reported cuts. The move is part of a […]
Business | NEW: Blue Cross & Blue Shield of RI Posts $115M Loss, Announces Layoffs – GoLocalProv
Wednesday, March 5th, 2025 GolocalProv Business Team Show big + Image: Bcbsri Rhode Island's Blue Cross & Blue Shield (BCBSRI) reported a net loss of $115 million in 2024 after a nearly 20% increase in healthcare costs over the past 18 months, the company announced Wednesday night. The company also announced a 3% cut in […]
Goldman Sachs set to ax under-performers in latest layoffs
Goldman Sachs CEO David Solomon will hit 3% to 5% of the workforce as part of the Wall Street Giants' annual round layoffs. The layoffs amount to more than 1,395 job cuts from the bank's global workforce of 46,500 at the end of December. When we conducted a similar review in September, it made less […]
Democrats want Trump to confront the human toll of layoffs at address to Congress
Capitol Hill Democrats have beaten President Trump with a massive federal shooting since the first fire began in January. On Tuesday, they want to hold a human mirror to what the policy has done. As Trump addressed a joint Congressional session Tuesday night, he stares into a room in a packed house featuring not only […]