layoffs

6 Most Important Things in Business Today

Newspaper chain Tronc Inc. (NASDAQ: TRNC) fired the publisher and several top editors at its flagship the Los Angeles Times. The company hired former Yahoo executive Ross Levinsohn to be ...
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Will Under Armour Restructuring Raise Investors’ Spirits?

Under Armour Inc. (NYSE: UAA) reported second-quarter 2017 results before markets opened Tuesday. The sports gear maker reported a diluted loss per Class A and Class B share of $0.03 ...
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6 Most Important Things in Business This Morning

France wants to end sales of gas and diesel cars by 2040. Tesla Inc.'s (NASDAQ: TSLA) stock plunge took away its crown as the number one U.S. car company by ...
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June Job Cuts Fall 19%, Lowest Monthly Total of Year, Says Challenger Gray

Employers announced plans to trim payrolls by 31,105 jobs in June, the lowest monthly total of the year, according to a report released Thursday by Chicago-based global outplacement consultancy Challenger ...
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What to Look For in Nike Q4 Earnings

Nike Inc. (NYSE: NKE) is scheduled to release its fiscal fourth-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters call for $0.50 in earnings ...
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Etsy Plans to Reduce Staff by Nearly 25%

Etsy Inc. (NASDAQ: ETSY) saw its shares rise in Wednesday’s session after the company announced that it would be taking a few key initiatives in order to deliver value to ...
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6 Most Important Things in the Business World Now

The initial public offering of Saudi Aramco, which could be among the biggest in history, has been delayed because of arguments about where the large oil company should list its ...
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Volkswagen Slashes 9,300 Workers

Volkswagen has become the latest big car manufacturer to downsize in the face of stagnant global car sales and a push to have its plants be more efficient. In the ...
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Retailers Announce Most Job Cuts of Any Category, Says Challenger Gray Report

The May jobs numbers might be good for the United States, however, the number of layoffs rose last month from the same period in 2016, with retailers slashing the most ...
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Kellogg Fires Hundreds

As the cereal business continues to suffer, so does the Kellogg Co. (NYSE: K) workforce. Several hundred people were laid off as the company shutters some of its shipping centers. ...
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Ford Drops to 52-Week Low Despite Layoff Plans

Ford Motor Co. (NYSE: F) CEO Mark Field's plans have not impressed investors — again. He laid off 1,400 of the company's salaried workers in Asia and North America. Ford's ...
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Ford to Cut Staff 10%, but Embattled CEO Fields Will Keep Salary

In a situation that happens regularly, Ford Motor Co. (NYSE: F) will cut 10% of its worldwide workforce, but CEO Mark Fields, who caused the company's problems in the first ...
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Among Large, Trouble Retailers, 1 Million Jobs at Stake

Among America's eight most troubled large retailers, nearly 1 million jobs are at stake as the industry continues to collapse in on itself, damaged by sales that have continued to ...
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IBM Begins Firings at North Carolina Site

International Business Machines Corp. (NYSE: IBM) has confirmed that the company is laying off a "relatively small" number of people at its Research Triangle Park location in Durham, North Carolina. ...
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Should Analysts Trust GoPro on Guidance?

GoPro Inc. (NASDAQ: GPRO) saw its shares hit an all-time low on Wednesday, but now shares have spectacularly bounced 15% after the camera company provided a business update. Essentially, GoPro ...
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