CVS slashing nearly 3,000 jobs in cost-cutting drive
CVS Health announced it will cut 2,900 jobs as part of a cost-cutting plan. A CVS spokesperson told Fox Business that the layoffs primarily impact the company's position. According to the CVS website, CVS employs more than 300,000 people across its divisions. The layoffs represent 1% of the company's workforce. A spokesperson said the layoffs […]
Jane Fonda Campaigns for Kamala Harris on Goal of Slashing Fossil Fuels by Half
Hollywood star Jane Fonda is campaigning for Kamala Harris, believing the Harris-Waltz pair can halve fossil fuel use and address what she calls the “climate emergency”. Jane Fonda appeared on CBS News on Monday to tout her climate change activism and also boast about her role as a Democratic political influencer. “I'm really involved at […]
Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring
Warner Music Group said on Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a strategic restructuring plan it is reviewing to free up capital. In February, Warner Music, which represents artists such as Dua Lipa and Teddy Swims, announced it would cut 600 employees, about 10% of […]
Gwyneth Paltrow’s Goop slashing 18% of workforce to focus on beauty products
Gwyneth Paltrow's Goop is reportedly planning to cut about 20% of its workforce as it moves away from its image as a wellness and lifestyle brand and focuses on selling beauty products. The company, which rose to fame with products like the “This Smells Like My Vagina” candle and psychic vampire repellent spray, has struggled […]
GM slashing over 1K salaried jobs at software, service units
General Motors said Monday it was laying off more than 1,000 full-time employees across its software and services divisions around the world. GM confirmed the job cuts, first reported by CNBC, in a statement saying, “As we build GM’s future, we need to simplify for speed and excellence, make bold choices and prioritize investments that […]
Paramount TV Studios to shut down as Shari Redstone-led media giant begins slashing 2K jobs ahead of likely Skydance merger
Paramount Television Studios will be closed as part of a broader cost-cutting effort ahead of parent company Paramount Global’s merger with Skydance Media, company executives said. The entertainment giant’s three co-chief executives announced the closure of the studio, known for producing shows such as “The Offer,” “Reacher” and “13 Reasons Why,” and began major layoffs […]
Brute charged in attack on MTA workers freed after cutting deal — only to go on slashing spree
A psychopathic thug charged with attacking two MTA employees and a transit cop last year has been released after making a deal to receive psychiatric treatment, even though he also allegedly attacked four Rikers Island security guards while in custody. According to officials and sources, Christian Marrero, 21, not only neglected his psychiatric program, but […]
US colleges are cutting majors and slashing programs after years of putting it off
When Christina Westman began her studies at St. Cloud State University, she dreamed of working as a music therapist with people with Parkinson’s disease and stroke. But her academic career changed drastically in May when Minnesota university administrators announced plans to eliminate the music department and cut 42 degree programs and 50 minors. The move […]
Paramount slashing thousands of jobs, writes down value of cable networks by $6B
Paramount Global on Thursday said it would write down the value of its cable-networks business by about $6 billion and cut 15% of its workforce, even as its streaming business reported its first quarterly profit. Paramount shares rose more than 5% in after-hours trading. The impairment reflects declining viewership for cable networks such as Nickelodeon, […]
Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake
OMAHA, Neb. (AP) — Billionaire Warren Buffett has pared back Berkshire Hathaway’s large holdings of Apple stock, a move that could send shivers down the stock market as a whole, not only because Buffett is highly respected but also because there has been little positive financial news recently. Just two years ago, Buffett called Apple […]