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Keyword: layoffs

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  • Amazon laying off hundreds of corporate employees in rare cutback

    02/12/2018 9:36:13 AM PST · by SeekAndFind · 26 replies
    Seattle Times ^ | 02/12/2018 | Matt Day
    Amazon is laying off hundreds of corporate employees, a rare cutback for a company that has spent most of the last few years in a frantic growth spurt. The layoffs, underway now, will fall on several hundred employees at the online retailer’s Seattle headquarters, along with hundreds more elsewhere in Amazon’s global operations, one person familiar with the cuts said. The layoffs are primarily focused on Amazon’s consumer retail businesses, according to two people familiar with the matter. A few hundred layoffs are modest for a company that is now the second-largest U.S.-based corporate employer, and pales in comparison to...
  • Trump Administration Proposes Slashing Jobs

    01/30/2018 4:38:58 PM PST · by mdittmar · 32 replies
    The American Federation of Government Employees (AFGE) ^ | January 30, 2018 | The American Federation of Government Employees (AFGE)
    FOR IMMEDIATE RELEASE January 30,2018WASHINGTON – Defying staffing mandates and the need for increased hiring to safeguard prisons, this week the Bureau of Prisons (BOP) made public it is initiating a process of eliminating jobs within the agency. The mandate will slash roughly 14 percent of positions from correctional facilities. The proposed cuts are coming at a time of severe understaffing in most of its prisons.  BOP has left thousands of authorized correctional workers’ positions vacant all year, endangering inmates in its custody, control, and care.  “President Trump came into office preaching about the need for a safer America, but instead he is...
  • Walmart plans to cut more than 1,000 corporate jobs

    01/15/2018 9:59:49 PM PST · by CutePuppy · 34 replies
    Fox Business / WSJ ^ | 2018 January 12 | Dow Jones Newswires
    A day after promising to give its store workers raises and bonuses, Wal-Mart Stores Inc. (NYSE:WMT) is preparing to hand out pink slips at its headquarters. The giant retailer, which is based in Bentonville, Ark., and employs more than 1.5 million people in the U.S., plans to cut more than 1,000 corporate jobs ..... < snip > ..... The job cuts are expected to be broad based, focused on workers primarily at the company's headquarters ..... < snip >
  • Sam's Club closes hundreds of stores nationwide [260]

    01/11/2018 11:39:01 AM PST · by Red Badger · 99 replies
    CBS ^ | 01/11/2018 | Staff
    Walmart (WMT) is closing hundreds of Sam's Club stores nationwide, according to numerous media reports. Jessica Buckner, an audit team lead at a Sam's Club location in Anchorage, told local TV station KTVA that all Alaska stores are closing as part of a larger downsizing across the U.S. "From what I heard, there's over 260 stores that have been closed down," she said. The wholesale clubs' official closure date is Jan. 26, Buckner said. The closures also affect stores in New Jersey, upstate New York, Georgia, Illinois, Indiana, Ohio, Louisiana, North Carolina, Tennessee and Texas. In some locations, per social...
  • Walmart is abruptly closing several Sam's Club stores and laying off thousands [100+ stores?]

    01/11/2018 10:19:52 AM PST · by GIdget2004 · 151 replies
    Business Insider ^ | 01/11/2018 | Hayley Peterson
    Walmart is suddenly closing several Sam's Club stores across the US. Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona, Alaska, and elsewhere. In some cases, employees were not informed of the closures prior to showing up to work on Thursday. Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports. Walmart and Sam's Club did not immediately respond to a request for comment. Sam's Club offered an explanation on Twitter, however, saying, "After a thorough review of our existing...
  • Wal-Mart's Sam's Club to shut stores after 'review'

    01/11/2018 10:24:53 AM PST · by Oldeconomybuyer · 69 replies
    Reuters ^ | January 11. 2018
    Sam’s Club, a unit of Wal-Mart Stores Inc, closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday. The tweet came after a series of reports from local news outlets said some Sam's Club stores were closed abruptly on Thursday, with employees learning of the move as they arrived for work.
  • Red Robin Will Offset Minimum Wage Hikes by Canning Busboys

    01/10/2018 11:13:38 AM PST · by nickcarraway · 49 replies
    New York Post ^ | January 8, 2018 | Lisa Fickenscher
    Restaurant busboys, in line to earn a little more dough this year as minimum wage hikes hit across the country, are instead losing their jobs as chains look to cut costs. One chain axing jobs is Red Robin, which hopes to save about $8 million this year by eliminating busboys at each of its 570 restaurants, the company said Monday. Red Robin restaurants are located mostly in Western states, where the minimum wage has risen more quickly.
  • Sears' Decline Actually Demonstrates Amazon's Vulnerability

    01/09/2018 7:45:06 AM PST · by SeekAndFind · 45 replies
    RCM ^ | 01/09/2018 | By Allan Golombek
    Those who fear Amazon is on the verge of becoming a monopoly that eats all competitors and locks up the retail market should take note of an announcement last week by Sears Holdings: The company will be closing another 100 stores this year. Some will see Sears’ downward trajectory as proof that Amazon is on the verge of assuming near-monopolistic dominance of the retail market. In fact, it proves the opposite: No one can blithely assume that kind of power, at least not for long. Just look at Sears’ history: Back in the 1960s, many feared the Sears chain would...
  • Sears is closing over 100 more stores

    01/04/2018 4:35:25 PM PST · by Hojczyk · 148 replies
    CNBC ^ | January 4,2017
    Sears told its employees Thursday that it will be shuttering over 100 more stores. That consists of 64 Kmart stores and 39 Sears stores, all of which are expected to close between early March and April of this year. Liquidation sales will begin as early as Jan. 12. On a recent call with analysts and investors, Sears CFO Rob Riecker said the retailer would be building on those new concepts in the coming months, "delivering specialized integrated retail experiences" to customers. Sears also recently started selling two of its brands, Kenmore and DieHard, on Amazon.com. Earlier Thursday morning, Macy's also...
  • AT&T to Lay Off American Workers While Continuing to Import Foreign Labor

    12/28/2017 2:32:44 PM PST · by davikkm · 49 replies
    breitbart ^ | JOHN BINDER
    Multinational telecommunications conglomerate AT&T is expected to lay off more than 1,000 American workers, including those in the Midwest and South, while the company continues importing foreign workers. This week, AT&T announced that it would be laying off roughly 600 Americans across the Midwest, according to AppleInsider. Additionally, the company will lay off about 700 American workers with the AT&T subsidiary DirectTV and another 700 workers in the Texas and Missouri regions. This month, AT&T also laid off about 215 American workers in nine southern states. Overall, according to AppleInsider, the layoffs are impacting Americans in California, Connecticut, Florida, Maryland,...
  • Hundreds of metro AT&T employees laid off just before Christmas

    12/23/2017 4:19:34 AM PST · by Dallas59 · 37 replies
    FOX4kc ^ | 12/20/2017 | FOX4kc
    KANSAS CITY, Mo. -- AT&T has announced layoff’s affecting people in five states, including Missouri. Just days before Christmas, hundreds of people in the metro found out they will be out of jobs come Jan. 4. On Dec. 16, the company announced a surplus affecting an estimated 600 employees in Illinois, Wisconsin, Missouri, Michigan, Indiana and Ohio. The workers affected are both indoor and outdoor technicians. Many of the layoffs in the metro area affect Direct TV technicians and employees at a local call center. On Thursday, leaders of the Local 6360 Union held a meeting to offer help and...
  • General Electric cuts 12,000 jobs, blames lagging coal demand

    12/07/2017 9:49:52 AM PST · by Oshkalaboomboom · 24 replies
    Washington Examiner ^ | Dec 7, 2017 | John Siciliano
    General Electric Co. announced Thursday that it will cut 12,000 jobs from power division amid a global softening of electricity demand and the switch from coal and other fossil fuels. "The plans announced today are driven by challenges in the power market worldwide," the manufacturing giant said. "Traditional power markets including gas and coal have softened. Volumes are down significantly in products and services driven by overcapacity, lower utilization, fewer outages, an increase in steam plant retirements, and overall growth in renewables." The company said Thursday that the cuts will "right-size" GE Power amid the transition taking place in the...
  • Jobless claims fall slightly in Thanksgiving week, layoffs remain near 45-year low

    11/30/2017 8:42:05 AM PST · by SeekAndFind · 4 replies
    Morningstar ^ | 11/30/2017 | By Jeffry Bartash, MarketWatch
    Initial jobless claims drop 2,000 to 238,000; Puerto Rico plunge The numbers: Initial U.S. jobless claims, a tool to measure layoffs, fell by 2,000 to 238,000 in the seven days ended Nov. 25, a week that included the Thanksgiving holiday. Economists surveyed by MarketWatch had forecast claims to total 240,000. The more stable monthly average of claims rose 2,250 to 242,250, the government said Thursday. The number of people already collecting unemployment benefits, known as continuing claims, increased by 42,000 to 1.96 million. What happened: New applications for unemployment benefits have subsided to a nearly 45-year low after a mini-surge...
  • Is Tillerson's Downsizing of the State Department Really Such a Bad Thing?

    11/30/2017 1:20:30 AM PST · by Oshkalaboomboom · 13 replies
    Townhall.com ^ | November 30, 2017 | Rachel Marsden
    PARIS -- Secretary of State Rex Tillerson has been working the plunger on the overseas branch of the Washington swamp's public relations department, also known as the U.S. State Department. Some of the swamp critters are now to the point of flushing themselves down the drain, either out of honor or frustration or both. Tillerson has shaken up his department this year, according to the New York Times, dismissing numerous staffers and forcing many others into early retirement. Meanwhile, diplomats are "sounding the alarm," the Times reports, evoking the specter of Benghazi and framing their own plank-walking as a potential...
  • ESPN eliminating 150 studio, production jobs in latest cuts

    11/29/2017 6:15:45 AM PST · by Zakeet · 22 replies
    Fox News ^ | November 28, 2017
    ESPN says it is eliminating 150 studio and production employees as the sports broadcasting giant continues to shift its focus to a more digital future. [Snip] ESPN has lost about 10 million subscribers during the past six years, based on estimates by Nielsen Media Research.
  • At Least Seven Layoffs at the Denver Post as Shrinkage Continues

    11/28/2017 7:48:34 AM PST · by george76 · 37 replies
    Westword ^ | NOVEMBER 28, 2017 | MICHAEL ROBERTS
    November 27, the Denver Post set into motion its latest round of layoffs just over a year after shrinking the newsroom staff by 26 employees through the combination of a buyout offer and supplementary dismissals. Seven positions included in the Post's contract with the Denver Newspaper Guild are affected, and another four employees working non-union gigs also appear to have been discharged. "The Post gave the required two-week notice of layoff in seven union covered positions," notes the DNG's Tony Mulligan, corresponding via email. "Four are in the newsroom and three are in advertising support." ... As for why the...
  • Gunmaker Remington faces default as Americans buy fewer firearms

    11/24/2017 6:31:02 PM PST · by Mariner · 80 replies
    The Philadelphia Inquirer ^ | November 20th, 2017 | by Joseph N. DiStefano
    Remington Outdoor, the second-largest U.S. gunmaker has suffered a “rapid” and “sharp” deterioration in sales and a similar drop in profits since January, and faces “continued softness in consumer demand for firearms,” credit analysts at Standard & Poor’s Global Ratings said in a report Friday. S&P as a result has cut the company’s corporate credit rating — already at a junk-bond-level CCC+ — two full notches, to CCC-, a move likely to make the company’s high-yield debt less attractive to investors and lenders, and force Remington to pay more in interest. The company could face a change in control, bankruptcy,...
  • SECRETARY TILLERSON IS TO DEMOCRAT STATE DEPARTMENT CAREERS LIKE FIRE IS TO

    11/26/2017 12:01:14 AM PST · by EliRoom8 · 88 replies
    The Sparta Report ^ | November 25, 2017 | NWC
    A tale of sadness and woe from the liberal democrat professionals in the State Department: Mr. Miller got just five minutes with the secretary of state, the former officials said. Afterward, Mr. Miller, a career Foreign Service officer, was pushed out, joining a parade of dismissals and early retirements that has decimated the State Department’s senior ranks. Mr. Miller declined to comment. The departures mark a new stage in the broken and increasingly contentious relationship between Mr. Tillerson and much of his department’s work force. By last spring, interviews at the time suggested, the guarded optimism that greeted his arrival...
  • More Than 300 Cook County Workers Laid Off

    11/22/2017 1:04:37 PM PST · by AT7Saluki · 56 replies
    WBBM ^ | 11/21/17 | Roseanne Tellez
    Cook County board meetings are usually dry and filled with policy and procedure details. On Tuesday, that was not the case. There were tears and real emotion. CBS 2’s Roseanne Tellez introduces us to some of the people who got the most unwelcome news, days before Thanksgiving. Some county employees begged for their jobs. Cook County commissioners who supported a penny-an-ounce sweetened beverage tax say they warned of the cost of repealing it: a budget amendment filled with pain. “It has actual layoffs of human beings who have jobs and who have families,” Commissioner Larry Suffredin (13th District) said. Officials...
  • 'Rapid loss' of US diplomats under Trump Administration prompts fears of weakened influence [barf]

    11/09/2017 8:19:19 AM PST · by Olog-hai · 29 replies
    Deutsche Welle ^ | 11.09.2017 | Ajit Niranjan
    The ranks of top US diplomats are being depleted at a “dizzying” speed, the head of America’s diplomatic trade union has warned. Since January, the number of “two-star” minister counselors has dropped by 42% and “three-star” career ministers by 14%, according to Barbara Stephenson, president of the American Foreign Service Association (AFSA) and former ambassador to Panama. At the highest ranks of the State Department, the number of career ambassadors has dropped from five to two, after the retirement of three top diplomats. “These numbers are hard to square with the stated agenda of making State and the Foreign Service...