Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization – PYMNTS.com
MasterCard The company reportedly plans to lay off about 1,000 employees, or 3% of its global workforce, as part of a restructuring announced earlier this year. Most employees affected by the move are expected to be notified by the end of the quarter, according to Reuters. Reported The announcement was made on Friday (August 16th), […]
Macy’s to Shutter 150 Stores Across U.S. in Huge Reorganization
Macy’s announced Tuesday that it plans to close about 150 stores across the United States as it reorganizes and refocuses its business. company explained NBC News reports that the plan is to close “less productive” stores to focus on selling luxury goods. “The closures will leave approximately 350 Macy’s stores, as well as Bloomingdale’s and […]
Blue Cross Blue Shield Louisiana withdraws reorganization plan – WDSU New Orleans
A public hearing scheduled to be held in Baton Rouge on Wednesday regarding the proposed reorganization and sale of Blue Cross Blue Shield of Louisiana has been canceled. The Louisiana Department of Insurance Commissioner announced that Blue Cross is withdrawing its restructuring plan. Blue Cross was scheduled to be sold to Elevance Heath in Indiana. […]