layoffs

blood test

Can Theranos Make It Through 2017?

Troubled drug test start-up Theranos announced it had "re-engineered" its operations, another way to say it cut 40% of its workers and would have 221 left. The company's last capital ...
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2016 Chevrolet Cruze

Detroit Three Automakers to Crimp Car Production in January

U.S. sales of new cars and light trucks in 2016 is estimated to be very close to the record-setting total of 17.5 million units sold in 2015. But the pace ...
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GM logo

GM Layoffs May Not Be Over

General Motors Co. (NYSE: GM) has just laid off 1,300 workers as demand slows for its small sedans and coupes. The company laid off 2,000 in November. The blame can be ...
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Fired Businessman

Happy Holidays, You’re Fired: List of Companies Laying People Off

The holidays are a particularly cruel time to lay off people, or to tell them they will be laid off soon. That has not stopped a number of companies from ...
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Boeing 747 Designs

Merry Christmas: Boeing to Cut Staff in 2017

Layoffs announced, or signaled, just before the holidays are particularly cruel. Boeing Co. (NYSE: BA) somehow let slip that it would almost certainly reduce staff at its commercial airline division ...
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VW 2018 Atlas

Volkswagen to Cut 23,000 Jobs

Google Translation of Volkswagen statement: The Board of Management and the General Works Council of Volkswagen signed a future pact in Wolfsburg after constructive negotiations. He is leading the return ...
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Fired Businessman

CenturyLink to Lay Off 3,000

Modest-sized telecom CenturyLink Inc. (NYSE: CTL) will lay off 8% of its workers, or more than 3,000, according to CRN. The wild competition within the industry may make a recovery ...
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Cisco logo

How Analysts View Cisco After Earnings and Layoffs

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. This networking equipment giant delivered another strong quarter, closing out its fiscal year ...
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Cisco sign

How Analysts Are Treating Cisco After Earnings and Layoffs

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. The company delivered another strong quarter, closing out a solid year, but it ...
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network cables

Cisco Confirms Restructuring in Most Recent Earnings Beat

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. The company delivered another strong quarter, closing out a solid year, with expanding ...
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going out of business

How Amazon Destroys Hundreds of Thousand of Jobs

Macy's Inc. (NYSE: M) will close 100 stores in early 2017. In total they probably employ something like 20,000 people. It has closed a number of stores already. The numbers ...
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Store Closing

Will Macy’s Lay Off 20,000 People?

One hundred stores. How many people? Macy's Inc. (NYSE: M) did not say how many it will lay off when it shuts the locations. The number could be 200 employees ...
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solar farm

SunPower Chops Guidance, Will Fire 1,200

SunPower Corp. (NASDAQ: SPWR) reported second-quarter 2016 results after markets closed Tuesday. The solar panel maker reported an adjusted diluted net loss of $0.22 per share on adjusted revenue of ...
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Fired Businessman

Twitter’s Chance to Steady Investors With Layoffs

Twitter Inc. (NYSE: TWTR) has about 3,800 employees to go with its 310 million monthly active users, spiraling stock price and awful financials. As LinkedIn Corp. (NYSE: LNKD) gets sold ...
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Intel processor

Intel Is Worst Performing Dow Stock of 2016, Down 12%

Year to date, the worst performing stock in the Dow Jones Industrial Average is Intel Corp. (NASDAQ: INTC), down 12.1%. Apparently laying off thousands of employees, which usually makes investors ...
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