layoffs

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

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?

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

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%

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

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?

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?

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

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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