layoffs

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Blue Apron Is Laying Off Hundreds of Workers

Move follows rough few months for meal-kit company

(Newser) - Crushed by Amazon? Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York-based Blue Apron, which had nearly 5,400 employees in June, says the layoffs represent about 6% of its workforce. The company says the cuts were... More »

One Company Has Already Laid Off 10K in 2017

Macy's isn't alone, though, in racking up such job losses

(Newser) - The good news: The number of layoffs in the US has improved since last year: By the end of July in 2017 there were 255,000 in total, while by the same time in 2016 there were 360,000. The bad news: Per a 24/7 Wall St. analysis, there are... More »

These Are Worst Layoffs in 21st Century America—So Far

Citigroup's cutting of approximately 50K workers in 2008 tops the list

(Newser) - The worst layoffs of 21st-century America affected the finance, retail, and automotive industries the most. Banks cut workers during the Great Recession, Boeing cut workers after Sept. 11, the US Army cut workers during political budget battles, and stores continue to cut workers thanks to Amazon. Using data from an... More »

Major Layoffs Hit Microsoft This Week

As many as 3K people could lose their jobs, mostly in sales

(Newser) - Layoffs potentially numbering in the thousands started Thursday at Microsoft, CNBC reports. The company states the layoffs aren't motivated by a desire to cut costs but rather to address sales at the company, specifically in regards to its cloud-computing products. Sales of Azure, Microsoft's cloud-services product, grew 93%... More »

Ford to Slash Up to 20K Jobs: Report

Company aims to become 'as lean and efficient as possible'

(Newser) - Ford is expected to lay off a large chunk of its workforce as part of a plan to cut costs by $3 billion, various media outlets are reporting. Sources tell the Wall Street Journal that the cuts, which could be revealed as early as this week, will affect 10% of... More »

Dozens of Journalists, Talent Laid Off by ESPN

Trent Dilfer, Ed Werder are 2 of the 100 or so employees laid off Wednesday

(Newser) - ESPN has lost more than 10 million subscribers in recent years as more and more people are going without cable, the New York Times reports. That decline had major consequences Wednesday when the sports network laid off about 100 of its on-air talent and journalists. Just a few of those... More »

Things Aren't Going Well for Once-Popular App Yik Yak

The company laid off 60% of its employees Thursday

(Newser) - Yik Yak collapse. The Verge reports the once-popular college social-networking app that had visions of rivaling Facebook laid off 60% of its employees Thursday. The layoffs affected 30 employees largely from Yik Yak's community, marketing, design, and product teams. "I didn't know that it was going to... More »

GM Laying Off 2K Due to Change in How We Buy Cars

Factories cut shifts amid falling demand

(Newser) - Shifting demand from cars to trucks and SUVs is forcing General Motors to lay off more than 2,000 workers indefinitely at two assembly plants in Ohio and Michigan starting in January. The company said Wednesday it will suspend the third shifts at factories in Lordstown, Ohio, and in Lansing,... More »

Twitter Is Laying Off 9% of Its Workers

Approximately 350 people will be out of work

(Newser) - Twitter, seemingly unable to find a buyer and losing money, is cutting about 9% of its 3,860 employees worldwide, reports the AP . Twitter Inc., which has struggled amid competition from the likes of Facebook, Snapchat, and Instagram, said Thursday that it expects to book about $10 million to $20... More »

There's a New Theory on Weeding Out Bad Workers

Kimberly-Clark, long a bastion of entrenched workers, turns to continuous feedback

(Newser) - It used to be that landing a job at Kimberly-Clark meant keeping it for life. Even low-performing employees rarely worried about their future at the US company, where salaries were higher than the usual and layoffs rare, the Wall Street Journal reports. “A lot of people could and would... More »

Layoffs Could Mean Smartwatches Are Running Out of Time

Pebble is letting 25% of its workforce go

(Newser) - Is the smartwatch's time already over? Tech Insider reports Pebble—one of the first companies to release a smartwatch—is laying off 40 employees, about 25% of its total staff. Pebble raised $26 million this year, in addition to the $30 million it has raised on Kickstarter since its... More »

Report: China Will Lay Off Up to 6M Workers

'Beijing's boldest retrenchment program in almost two decades': Reuters

(Newser) - With an eye on curbing industrial overcapacity and pollution, China is planning to lay off state workers—millions of them. The Daily Times reports 1.8 million workers, or 15% of the workforce, will be laid off in the coal and steel industries. However, two sources with ties to the... More »

Twitter Announces Mass Layoffs

Approximately 8% of workforce will be let go

(Newser) - Struggling with user growth and profitability, Twitter is getting rid of nearly two-and-a-half tweets worth of employees, the social media company announced Tuesday. Business Insider reports Twitter will be laying off 336 employees—about 8% of its workforce—largely from the engineering department. "We feel strongly that engineering will... More »

Microsoft Slashing More Jobs Over Phone Fail

Windows Phone can't keep up with Apple's iPhone

(Newser) - More bad news for Microsoft: The company says it will cut 7,800 jobs more and take a $7.6 billion impairment charge to restructure its flagging phone hardware business. Microsoft paid $7.3 billion for Nokia's phone business in April 2014 in an effort to focus on mobile... More »

One-Third of Blue Bell Workers Losing Jobs

Recall means 1,450 full- and part-time employees will be out of work

(Newser) - Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products. The company, whose production plants remain closed, said 750 full-time employees and 700 part-time workers are losing... More »

Miffed Mom of Fired Critic Cancels USA Today Subscription

Mother of laid-off journalist gives subscription department a piece of her mind

(Newser) - USA Today canned about 70 employees on Wednesday, including film critic Scott Bowles, who had been with the paper for 17 years, reports the New York Times . Bowles says there's no proof, but he believes he was fired—right after returning from the memorial service for his dad, Detroit ... More »

Bus Drivers Crucify Themselves to Get Jobs Back

Paraguayan men, some wives refuse to budge until all jobs restored

(Newser) - A group of bus drivers in Paraguay is going to extreme measures to get back the jobs they lost: They crucified themselves—three weeks ago, reports the BBC . The men (some media reports say five, other say eight) used 15-inch nails to affix their hands to crosses that have been... More »

Mass Layoffs Backfired in JCPenney Overhaul

Slashing headcount wasn't one of Ron Johnson's better ideas

(Newser) - Of all the missteps that led to the plunge in sales at JCPenney and the exit of CEO Ron Johnson , the mass layoffs Johnson instigated may have been the most damaging, the Wall Street Journal reports. The firm's average 150,000 full- and part-time workers had been gutted to... More »

Barclays Slashing 3.7K Jobs

Bank plans major overhaul

(Newser) - Barclays is set to cut some 3,700 jobs amid an operations overhaul, it announced today. Coming out of a strategic review, the company is looking to cut costs by some $2.7 billion, the BBC reports. Nearly half the job cuts will occur at Barclays' investment bank, mostly in... More »

American Airlines Warns 11K of Possible Layoffs

But company expects only a third of those to lose jobs

(Newser) - American Airlines is sending layoff warning notices to more than 11,000 employees, although a spokesman says the company expects job losses to be closer to 4,400. The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring. American... More »

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