Wells Fargo to trim Oregon workforce by 700 next year amid office closures in the state – Oregon Public Broadcasting
FILE – A Wells Fargo Bank sign hangs outside a window in New York on January 13, 2021. Wells Fargo leaders notified Oregon officials on Wednesday, Dec. 4, 2024, that office closures next year will affect hundreds of people in the Salem, Hillsboro and Portland areas. Mark Lenihan/Associated Press Wells Fargo will soon lay off […]
Over 10% of South Korea’s workforce is now robotic, survey finds
Anastasia Amoroso, chief investment strategist at iCapital, talks about the sectors investors should avoid on “Making Money.” The World Robotics 2024 annual survey found that just over 10% of South Korea's workforce has been replaced by robots. reportA report released by the International Federation of Robotics (IFR) has found that robotics continues its upward trend […]
Boeing To Lay Off Over 2K Workers As Part Of Plans To Reduce Workforce By 10%
(Photo by Kevin Dietsch/Getty Images) OAN Staff James Myers8:40am – Tuesday, November 19, 2024 Aerospace giant Boeing will lay off more than 2,000 employees in Washington and Oregon, cutting 17,000 jobs, or 10% of its workforce, as part of a major cost-cutting initiative. advertisement Boeing also reported last week that it notified layoffs to 220 […]
AP cutting 8% of workforce as new org shifts focus after election cycle
The Associated Press announced Monday that it will begin an acquisition offer and lay off some employees as part of a plan to reduce its news organization's workforce by about 8% and accelerate its transition to a digital-first organization. The move is part of what is expected to be a gloomy end of the year […]
23andMe cuts 40% of its workforce
Barron's Roundtable panelists discuss the latest headlines about 23andMe and share their top stocks. Genetic testing company 23andMe announced Monday that it will cut its workforce by 40%, or more than 200 people. The job cuts come as 23andMe seeks to restructure to “streamline operations and reduce costs.” “We are taking these difficult but necessary […]
Boeing to cut 10% of workforce, halt most 767 production amid labor union strike
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing plans to lay off 10% of its workforce, or about 17,000 people, and cut production in the coming months as union strikes continue. Chief Executive Officer Kelly Ortberg, who […]
Bipartisan border bill would help the economy, bring migrants into the workforce
Vice President Kamala Harris' best defense against accusations of being weak on immigration was that she supported a bipartisan border security bill, whereas former President Donald Trump opposed it and supported Republicans in Congress. He instructed his parliamentary colleagues to vote against it. Ultimately, this bill provides much of what immigration hard-liners have asked for, […]
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 […]
Paramount Advertising Hit with Layoffs After 15% Workforce Cuts
Paramount Advertising has been forced to cut jobs after Paramount Global cut its U.S. workforce by 15%. “Paramount Advertising has become the latest victim as the media giant cuts 15% of its U.S. workforce in a bid to cut $500 million in annual costs across the company,” the report said. The Wrap. The exact number […]
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 […]