Due to the sharp fall-off of commercial aircraft demand, brought on by the nosedive of travel, Airbus plans to cut employees, the number of which is equivalent to a small city.
What does it say about long-term industry expectations when a leader in the cannabis field is laying off more employees and closing plants as a restructuring effort?
HSBC will move forward with the 35,000 layoffs it delayed due to the COVID-19 pandemic. That is more than the population of Stevens Point, Wisconsin.
AT&T plans to fire 3,400 technical and clerical workers and close more than 250 stores costing another 1,900 people their jobs. The company may also be trying to sell its gaming division and is...
As the destruction of America's daily newspapers accelerates due to the spread of COVID-19, one state's largest paper will cut its staff by 50%. While papers have cut staff in dozens of cities, this...
Another energy company believes it is overstaffed. Oil giant BP will cut 10,000 jobs. Most of those jobs will be office based.
American Airlines will lay off 5,000 people. The airline has been crippled by the sharp decline in travel.
Layoffs in India mark the latest step in Uber's cost-cutting and capital management strategy. But the ride-hailing service also faces legal troubles in California, New York and other states.
J.C. Penney shares are worthless. That leaves J.C. Penney’s 90,000 workers in limbo.
Retailer J.C. Penney is about to file for Chapter 11 bankruptcy protection, according to a number of sources. That leaves its 90,000 workers in limbo.
Uber has run out of ways to attract riders while the spread of COVID-19 requires safety rules and social distancing. Revenue has collapsed.
The argument that the U.S. Postal Service is too large has been around for decades.
Uber announced Wednesday that it plans to take more actions to cut costs in regards to the COVID-19 pandemic, including layoffs and executive pay cuts.
J.C. Penney, Gap and Macy's are all on the ropes. Together they employ more than 340,000 people, and their fates depend on how long the economy is shut down.
Boeing posted a wider-than-expected first-quarter loss but beat an estimated free cash flow loss. The company also said it will cut 10% of its global workforce of around 160,000 people.