layoffs

A Quarter of America’s Big Newspapers Cut Staff Last Year

Newspaper publishers continue to hope for a break in the plunge of their revenue. Based on information from publicly traded newspaper chains, revenue dropped at a rate that approached 10% ...
Read Full Story »

Ford Board Needs to Fire CEO Hackett

Buried in Ford Motor Co.'s (NYSE: F) announcement of its second-quarter earnings were the figures for the period. After posting a long list of modest successes, the data showed that ...
Read Full Story »

Over 2000 American Newspapers Have Closed in Past 15 Years

The newspaper industry has continued its relentless downward spiral, which started with the advent of the internet and accelerated during the Great Recession. The pace of the decline has not ...
Read Full Story »

A $15 Minimum Wage Could Cost 3.7 Million People Their Jobs

The U.S. House of Representatives has passed a bill to take the federal minimum wage to $15 an hour in stages. The final stage would be in 2025. Since the current ...
Read Full Story »

This Famous Newspaper Will Fire Its Entire Staff

Call it part of the implosion of the American newspaper industry. A 126-year-old, Pulitzer Prize-winning daily newspaper will lay off its entire staff as it changes ownership. It is one ...
Read Full Story »

Newspaper Newsroom Employment Dropped by Almost Half in Past Decade

As more and more newspapers close, and others cut staff to the point where they cannot be effective at the examination and reporting of local events and politics, the industry's ...
Read Full Story »

Another of America’s Oldest Newspapers Shuts Down

The list of daily newspapers that have shut down grows more rapidly by the year, not to mention those that have had massive layoffs. Today, another of America's oldest dailies, ...
Read Full Story »

Ford’s New Tack on European Sales Wipes Out 12,000 Jobs

New passenger car sales in Europe have been dropping since 2015. Last year, new vehicle sales rose just 0.1% year over year. Thursday morning, the European Automobile Manufacturer's Association (ACEA) ...
Read Full Story »

Another American Newspaper Lays Off 100% of Its Staff

Less than a month after the storied New Orleans Times-Picayune laid off all 161 members of its staff, another paper has done the same. The Reading Eagle, which was just ...
Read Full Story »

Why Ford Is Cutting 10% of Its Workforce

Ford Motor Co. (NYSE: F) has announced that it will cut about 7,000 jobs by the end of August as part of its larger restructuring. This amounts to about 10% ...
Read Full Story »

Merrimack Discontinues Cancer Study Amidst Layoffs

Merrimack Pharmaceuticals Inc. (NASDAQ: MACK) has announced that it will be discontinuing one of its cancer drugs, as well as conducting layoffs. Specifically, the firm is discontinuing MM-310 for the ...
Read Full Story »

America’s Newspapers Brace for Another 5% to 10% Revenue Drop

The drop in revenue at most large and midsized metro newspapers will continue this year. Based on data publicly available, most papers in these segments had sales erosion of 5% ...
Read Full Story »

Job Cuts Hit Warner, JPMorgan, Ford, Nomura All at Once

There was a plague of firings across some of the world's largest companies. While not related, they are an ominous sign of restructuring among corporations bent on cutting costs due ...
Read Full Story »

How Many McDonald’s Workers Will Be Pushed Out by Technology?

McDonald's Corp. (NYSE: MCD) just bought a tech company that can change store menus based on the weather, what customers might add to menu items they already have selected and ...
Read Full Story »

Can Rite Aid Save Itself With This Restructuring?

Rite Aid Corp. (NYSE: RAD) announced on Wednesday morning that there will be some changes in its executive leadership as well as some restructuring. At this point, investors are welcoming ...
Read Full Story »