layoffs

Former WeWork CEO Neumann Won’t Give Part of His $1 Billion to Laid-Off Workers

Posted: October 23, 2019 at 6:20 am

The bailout of mammoth temporary office space rental phenom WeWork has been put into place. Its largest shareholder, Softbank, will take control. Through a series of loans and equity purchases, ...
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National Employee Morale Day as HP Fires 9000

Posted: October 4, 2019 at 6:20 am

As the U.S. economy has reached multidecade unemployment rate lows, it is rare for a company to announce massive layoffs. That changed yesterday as HP Inc. (NYSE: HPQ) said it ...
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American Corporate Layoffs Surge

Posted: September 5, 2019 at 9:30 am

It may be that the slowing economy and the trade war with China, two interdependent factors, have started to catch up with corporate confidence. Layoffs surged in August. This happened ...
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A Quarter of America’s Big Newspapers Cut Staff Last Year

Posted: August 1, 2019 at 9:35 am

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% ...
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Ford Board Needs to Fire CEO Hackett

Posted: July 25, 2019 at 6:20 am

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 ...
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Over 2000 American Newspapers Have Closed in Past 15 Years

Posted: July 23, 2019 at 9:32 am

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

Posted: July 19, 2019 at 9:06 am

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 ...
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This Famous Newspaper Will Fire Its Entire Staff

Posted: July 13, 2019 at 8:45 am

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 ...
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Newspaper Newsroom Employment Dropped by Almost Half in Past Decade

Posted: July 10, 2019 at 8:35 am

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 ...
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Another of America’s Oldest Newspapers Shuts Down

Posted: July 1, 2019 at 12:29 pm

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

Posted: June 27, 2019 at 10:20 am

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) ...
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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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