Tag: redundancies
‘Anxiety-inducing’ layoffs are scaring U.S. workers. How worried should they be?
Layoff fears are taking hold of workers across America, with many worried about whether they’re next. One expert says layoffs may be less widespread than [Read more about this post…]
Fed interest-rate decision and January jobs report takes center stage this week
Inflation is slowing toward pre-pandemic levels and the U.S. economy is still surprisingly strong. The stage is also set for the Federal Reserve to cut [Read more about this post…]
Levi Strauss to lay off up to 15% of corporate workforce, stock slides as profit forecast disappoints
With new leadership coming in after difficult 2023, Levi Strauss & Co. on Thursday announced plans to lay off staff and cut costs over the [Read more about this post…]
Norfolk Southern to reduce non-union workforce by 7%
Freight railroad Norfolk Southern NSC, +0.33% said in a staff memo Thursday that it is laying off 7% of its non-union workforce amid a tough [Read more about this post…]
Wayfair’s job cuts reportedly hit remote workers harder
In the ongoing fight between managers and employees over remote work, online furniture and home-goods retailer Wayfair Inc., in its latest round of job cuts, [Read more about this post…]
Tencent’s Riot Games to cut around 530 jobs, or 11% of its workforce
Videogame maker Riot Games on Monday said it would lay off around 530 employees globally, or around 11% of its total staff, as it tries [Read more about this post…]
SolarEdge to lay off 16% of its workforce as part of cost-cutting plan
SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating [Read more about this post…]
3 ways to prep for a tougher job market in 2024: ‘A lot of doors are closing.’
The economy pumped out a surprisingly strong 216,000 new jobs in December, the Department of Labor said Friday, suggesting lots of residual strength in a [Read more about this post…]
Macy’s to lay off 13% of corporate staff, close five stores
Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to [Read more about this post…]
Albemarle to cut jobs, capex as lithium prices have plunged
Albemarle Corp. announced Wednesday cost-cutting actions, including job cuts, in an effort to boost cash flow as a result of changing market conditions, particularly in [Read more about this post…]
