Boeing begins layoffs amid labor union strike, controversy over CEO’s home purchase: ‘Very difficult time’
Boeing CEO Kelly Ortberg traveled to Seattle while 33,000 Boeing employees stood on the picket line. (Photos by Derrick Louis, Clarity Northwest Photography, and Laura Halliday, Realogix Sotheby's International Realty and KCPQ) Boeing is launching a series of layoffs in response to a strike by the company's largest labor union, it said in a statement […]
CNN's Ratings Drop 96%: 'Paid for Ratings' Scandal Leads to Mass Layoffs
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August Layoffs Reached Record Highs, New Hires Hit Historic Lows
According to a report by job-placement firm Challenger, Gray & Christmas, monthly layoffs in the U.S. hit a 15-year high in August, while hiring so far this year is the lowest in 20 years. Last month, employers announced 75,891 layoffs, a staggering 193% increase from July. data A report from the recruitment service published on […]
US firms’ ‘low firing’ approach could turn to more layoffs, Fed’s Barkin warns
Jim Thorne, chief market strategist at Wellington Altus Private Wealth, argues that the Fed needs to get inflation down to neutral levels quickly. In newly released comments, Richmond Fed President Thomas Barkin said U.S. companies’ current approach to hiring decisions — hiring fewer people and firing fewer — is likely short-lived, and he noted the […]
GM conducting layoffs in software and services division
See what’s clicking on FoxBusiness.com. General Motors is laying off employees in its software and services division. The layoffs will affect 600 workers in Warren, Michigan, where GM has its global technical center. GM did not disclose the total number of employees affected by the cuts. The layoffs affect 600 employees in Warren, Michigan, where […]
Layoffs announced at multiple companies this summer
Mario Gabelli, chairman and CEO of Gamco Investors, talks sports investing and the surge in small-cap stocks on “The Claman Countdown.” Over the summer, various companies announced job cuts. The planned job cuts are expected to have a collective impact on thousands of people working in industries including technology, media and automotive. Companies that have […]
Dell Announces Layoffs of Up to 12,500 Employees
Dell Technologies is undergoing a major restructuring that includes cutting jobs and creating a new group focused on artificial intelligence services, according to people familiar with the matter. The company plans to lay off 12,500 employees, or 10% of its workforce. Silicon Angle Report Dell is trying to navigate the transformation by cutting a large […]
Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report
Network equipment maker Cisco plans to cut thousands of jobs in its second round of layoffs this year as it shifts focus to higher-growth areas such as cybersecurity and artificial intelligence, according to people familiar with the matter. The number of people affected could be the same or slightly higher than the 4,000 employees Cisco […]
Massive Layoffs At Intel With Tech 15K Jobs Cut, $1.6B Loss After Biden Administration Funding
Intel announced major layoffs on Thursday, cutting 15,000 jobs after a $1.6 billion loss, despite receiving a large amount of funding from the Biden administration. Intel is cutting 15 percent of its workforce, or about 15,000 jobs, as it restructures its business and seeks to better compete with industry leaders such as Nvidia and AMD. […]
ABC News, ‘GMA’ staffers brace for layoffs as Disney cuts costs: sources
Staff at Disney-owned ABC News are bracing for major job cuts as the network makes drastic budget cuts, including to staff at its top-rated show, “Good Morning America,” according to information obtained by The Washington Post. The Mouse House has asked “GMA” to cut its bottom line by as much as $19 million from its […]