layoffs

Another American Newspaper Lays Off 100% of Its Staff

Posted: May 24, 2019 at 7:30 am

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 ...
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Why Ford Is Cutting 10% of Its Workforce

Posted: May 20, 2019 at 10:10 am

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% ...
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Merrimack Discontinues Cancer Study Amidst Layoffs

Posted: April 5, 2019 at 9:20 am

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

Posted: March 28, 2019 at 6:31 am

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

Posted: March 28, 2019 at 6:15 am

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

Posted: March 26, 2019 at 6:35 am

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 ...
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Can Rite Aid Save Itself With This Restructuring?

Posted: March 13, 2019 at 8:35 am

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 ...
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McClatchy and Tribune Could Merge, Hundreds of Jobs at Risk

Posted: February 18, 2019 at 7:27 am

The New York Post reports that there may be a marriage of two of America's largest newspapers chains. McClatchy Co. (NYSE: MNI) has retained a banker, the report says, in ...
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Is Activision Poised for Layoffs?

Posted: February 11, 2019 at 11:15 am

Activision Blizzard Inc. (NASDAQ: ATVI) shares dipped on Monday after a report came out that the video game firm plans to announce some job cuts along with its earnings report ...
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January Layoffs Up 21% to 53,000

Posted: January 31, 2019 at 7:00 am

In a worrying start to the year, major companies laid off 52,988 workers in January, up 20.7% from December and up 18.7% from January a year ago. The data show ...
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Tesla to Cut Workforce by 7%

Posted: January 18, 2019 at 5:46 am

Elon Musk, the CEO and founder of Tesla Inc. (NASDAQ: TSLA), said he could cut his workforce 7%, even though the company needs to increase production of its inexpensive Model ...
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How Ford Is Looking to Trim the Fat in 2019

Posted: January 10, 2019 at 10:25 am

Ford Motor Co. (NYSE: F) has been facing a lot of pressure recently, especially considering its stock is down about 33% in the past 52 weeks. As a result, the ...
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How Bad Is Ford’s European Business?

Posted: January 10, 2019 at 8:15 am

In an announcement from Cologne, Germany, Ford Motor Co. (NYSE: F) said it is beginning talks with trade unions and other European parties as the company begins to earn some ...
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Will the Selecta Biosciences Restructuring Pay Off?

Posted: January 4, 2019 at 11:35 am

Selecta Biosciences Inc. (NASDAQ: SELB) shares pushed higher on Friday after the company provided an update on its new streamlined structure under its new president and chief executive officer. In ...
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Employee Morale Day: Jaguar Land Rover to Cut Thousands

Posted: December 17, 2018 at 10:35 am

Jaguar Land Rover, the former U.K. auto company now owned by India's Tata Motors Ltd. (NYSE: TTM), is about to cut thousands of jobs, following the lead of several other ...
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