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Keyword: layoffs

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  • Tyson Foods Fires Hard-Working American Employees and Instead Hires Illegal Immigrants

    03/15/2024 8:57:49 PM PDT · by SeekAndFind · 42 replies
    Townhall ^ | 03/15/2024 | Sarah Arnold
    Welcome to 2024, where it is more beneficial to be an illegal immigrant in the United States than a U.S.-born, hard-working, law-abiding citizen. Tyson Foods is facing criticism and calls to be boycotted over the company reportedly firing its employees and hiring illegal immigrants in their place. According to Bloomberg, just days after Tyson Foods’s Perry, Iowa location fired more than 1,200 American workers, the company announced that it has partnered with a non-profit refugee group, Tent Partnership for Refugees, hiring thousands of asylum seekers instead. The food company reportedly recently had a job fair in Iowa for immigrants to...
  • Land of the Layoffs: 72% of High Earners Fear Losing Job to AI, Economic Woes

    03/11/2024 1:06:24 PM PDT · by ChicagoConservative27 · 44 replies
    Breitbart ^ | 03/11/2024 | LUCAS NOLAN
    A new survey reveals that the relentless wave of tech industry layoffs combined with the rise of AI has fueled widespread anxiety over job security among American workers. More than 72 percent of Americans making more than $150,000 fear losing their jobs to AI and other sources of economic insecurity, while even 50 percent of those making under $50,000 feel the same way. Fast Company reports that the constant stream of mass layoff announcements from major tech companies like Amazon, Google, Microsoft, and Twitter in recent months has caused an atmosphere of uncertainty across the workforce. Compounding these concerns is...
  • Levi Strauss & Co. lays off nearly 150 people from its San Francisco headquarters

    03/09/2024 3:18:55 AM PST · by CFW · 56 replies
    SFgate ^ | 3/7/24 | Jillian D'Onfro
    Levi Strauss & Co. is laying off nearly 150 people from its San Francisco headquarters as part of a massive round of cuts it's executing this year. The layoff affects 146 employees at Levi's office at 1155 Battery Street, according to a regulatory filing, and will be effective on April 27. The company first announced impending layoffs in an earnings report in January, when it said that it would reduce its global workforce by 10% to 15% in the first half of 2024 as part of an initiative meant to save the company $100 million. At the time, Levi's didn't...
  • Layoffs surge to alarming levels in February

    03/08/2024 3:06:24 PM PST · by davikkm · 34 replies
    February 2024 witnessed a distressing surge in layoff announcements, marking the highest for the month since the global financial crisis of 2009, according to a report by Challenger, Gray & Christmas. The total of 84,638 planned job cuts represents a 3% increase from January and a worrisome 9% surge from the same month a year ago. Tech industries, typically seen as pillars of stability, are grappling with a significant wave of layoffs, leading the pack with 28,218 job cuts. Despite this being a 55% decrease from the same period last year, the sheer volume underscores the challenges faced by even...
  • Sanctuary city mayor closes migrant shelters, says money will go to residents

    03/03/2024 10:47:55 AM PST · by ChicagoConservative27 · 40 replies
    MSN ^ | 03/03/2024 | Charlotte White
    Denver Mayor Mike Johnston announced the city’s decision to scale back migrant services by consolidating shelters to save millions of dollars. The plan involves closing one shelter per week over the next month to reduce the budget deficit by nearly $60 million. Johnston emphasized that no one will be kicked out, but rather moved to other shelters.
  • Citigroup CEO Jane Fraser gets pay bump to $26 million after a 38% drop in profits

    02/29/2024 10:09:55 AM PST · by george76 · 10 replies
    Yahoo ^ | Feb 20, 2024 | David Hollerith
    Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...
  • Denver to Furlough Workers to Hire Illegals

    02/28/2024 11:25:17 AM PST · by packagingguy · 59 replies
    Hot Air ^ | February 28, 2024 | DAVID STROM
    No, it's not a joke. The City of Denver has informed workers that it may be furloughing them--technically still employing them at 0 hours of work--to illegally hire illegal aliens without work permits... As Denver faces a budget crisis due to 40,000 illegal immigrants arriving in the last year, the city is using its resources to get the migrant population employed, warning hourly workers that they may lose hours to illegal immigrants and using the public school system to help the illegals get work permits, according to emails obtained by The Daily Wire. Denver’s 9 News reported on Monday that...
  • Allegheny Wood Products closure to impact about 800 jobs

    02/27/2024 12:31:30 PM PST · by Governor Dinwiddie · 9 replies
    Cumberland Times-News ^ | 2024-02-27 | Teresa McMinn
    PETERSBURG, W.Va. — According to a receptionist at Allegheny Wood Products on Monday, the company was waiting for lawyers to release a public statement about its closing that will reportedly end roughly 800 jobs. Various news outlets over the past few days reported the company, headquartered in Grant County with mills in several cities, including Petersburg and Moorefield, West Virginia, would cease operations after nearly 50 years in business. State Economic Development Secretary Mitch Carmichael told WV MetroNews that the decision was “very sudden and unfortunate,” the news organization reported. Andy Malinoski is the official spokesperson for the Department of...
  • JUST IN: Vice Media to stop publishing on Vice.com, will slash hundreds of jobs amid mainstream media death spiral

    02/23/2024 5:07:43 PM PST · by Twotone · 16 replies
    The Post Millennial ^ | February 22, 2024 | Staff
    Vice Media Chief, Bruce Dixon, has announced plans to lay off several hundred employees and cease content publication on Vice.com, according to an internal memo. The move comes after an unsuccessful attempt by owner Fortress to sell the struggling digital publisher and its associated brands. The company claims to be undergoing a shift towards a "studio model," with affected employees expected to be informed about the next steps early next week. Refinery29, another media brand under Vice's ownership, will continue to operate independently, focusing on diversified digital publishing. Dixon mentioned ongoing discussions about selling Refinery29. "Already in 2024, almost every...
  • Vice Plans Hundreds of Layoffs: Decision ‘Not Made Lightly’

    02/22/2024 6:29:04 PM PST · by ChicagoConservative27 · 10 replies
    Breitbart ^ | 02/22/2024 | Paul Bois
    Vice Media announced in a memo this week that it will be laying off hundreds of employees as it faces a sale. Vice Media CEO Bruce Dixon said in the company-wide email that the decision to lay off “several hundred” staff members did not come lightly. “This decision was not made lightly,” Dixon wrote. Dixon added that fired staffers will be notified of the next steps next week.
  • Kids’ Streamer Noggin Shutting Down Amid Paramount Layoffs

    02/15/2024 10:50:07 PM PST · by nickcarraway
    The Hollywood Reporter ^ | FEBRUARY 15, 2024 | Rick Porter
    The subscription video-on-demand service's staff was let go, and the app will shutter later in the year.Noggin, Paramount Global‘s subscription video-on-demand service targeted at young kids, is shutting down. The platform is a casualty of a round of layoffs that saw 800 staffers across Paramount lose their jobs. CEO Bob Bakish said the layoffs are part of “streamlining costs” at the conglomerate. Noggin’s entire staff is among the 800 layoffs. The app will stop taking on new subscribers and will shutter sometime later this year, as first reported by trade publication Kidscreen. Noggin features a library of educational games, books...
  • Catherine Herridge Laid Off by CBS in 'Blood Bath' Firing of Hundreds - She Just Reported on Biden Docs

    02/13/2024 9:02:10 PM PST · by SeekAndFind · 42 replies
    Red State ^ | 02/13/2024 | Nick Arama
    Catherine Herridge, probably the best reporter that CBS has, as well as about 20 other CBS reporters, were let go in a blood bath firing by Paramount Global, with 800 people total losing their jobs. The Washington Bureau, where they covered national security and intelligence, was hit hard. The NY Post suggested there might be more than "just cost-cutting." They note sources said Herridge "had clashed" with CBS News president Ingrid Ciprian-Matthews. CBS isn't talking, according to the Post. Herridge just posted on X Monday about more damaging news to Joe Biden, noting that the House Oversight Committee wanted the...
  • Homelessness In The U.S. Is Up 48 Percent Since 2015, And Americans Are Being Laid Off In Droves…

    02/01/2024 7:06:46 PM PST · by Roman_War_Criminal · 10 replies
    Economic Collapse Blog ^ | 1/29/24 | Michael Snyder
    How can anyone out there possibly believe that the U.S. economy is doing well? As you will see below, the number of homeless Americans has risen to the highest level ever recorded, and large companies all over the country are laying off workers in droves. As I have discussed previously, the number of Americans that were laid off in 2023 jumped 98 percent compared to the year before, and now during the first month of 2024 it feels like we are being hit by a tsunami of layoffs. It literally seems like someone has turned a fire hose on, but...
  • Layoffs surged 136% in January to second-highest level on record

    02/01/2024 5:33:23 PM PST · by Libloather · 27 replies
    Fox Business ^ | 2/01/24 | Megan Henney
    The pace of job cuts by U.S. employers accelerated at the start of 2024, a sign the labor market is starting to deteriorate in the face of ongoing inflation and high interest rates. That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 82,307 job cuts in January, a substantial 136% increase from the previous month. However, that is down about 20% from the same time one year ago. It marked the second-highest layoff total for the month of January in data going back to 2009. "Waves of layoff announcements hit U.S.-based...
  • The Messenger shuts down amid industry-wide layoffs (fake news site)

    02/01/2024 11:54:57 AM PST · by dynachrome · 3 replies
    politico ^ | 1-31-24 | GISELLE RUHIYYIH EWING
    The Messenger is shutting down less than a year after the fledgling media company opened its doors with ambitions of building a leading news brand. In a statement to staff Wednesday afternoon, founder Jimmy Finkelstein wrote that the company would close, “effective immediately,” due to insurmountable financial difficulties. “Over the past few weeks, literally until earlier today, we exhausted every option available and have endeavored to raise sufficient capital to reach profitability,” Finkelstein wrote. “Unfortunately, we have been unable to do so, which is why we haven’t shared the news with you until now. This is truly the last thing...
  • PayPal lays off 2,500 workers one week after CEO announces 'new chapter'

    01/31/2024 6:44:13 AM PST · by Vigilanteman · 42 replies
    Business Insider ^ | 30 January 2024 | Paul Squire
    The payment company's CEO Alex Chriss told staff on Tuesday that another 9% of the workforce — about 2,500 positions — will be slashed. The news comes after PayPal said it would reduce its headcount by about 2,000 in January last year."We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," Chriss wrote in a memo. "At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth." The cuts will come from current positions as...
  • UPS IS CUTTING 12K JOBS AMID DISAPPOINTING SALES OUTLOOK, COMPANY SAYS

    01/30/2024 12:56:09 PM PST · by MeganC · 36 replies
    ABC 13 - Houston ^ | 30 Jan 2024 | Chris Isidore
    UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs. The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5 billion. That would be up from the $91 billion in revenue it reported for 2023, but analysts surveyed by Refinitiv had been expecting revenue of at least $95.6 billion.
  • UPS to Cut 12,000 Jobs as Delivery Business Slows; Stock drops 8% this morning

    01/30/2024 7:18:30 AM PST · by NautiNurse · 92 replies
    WSJ ^ | 30 January 2024 | Esther Fung
    United Parcel Service said Tuesday that it plans to cut about 12,000 jobs this year, a move that the package-delivery giant said would result in $1 billion in savings. Most of the cuts will be to full-time and part-time management positions and contract workers, and executives said they don’t expect these jobs to return when parcel volumes return. UPS has around 85,000 workers in management. [Snip] The job cuts were unveiled after the company said its revenue declined in the last quarter of 2023 as volumes in both its domestic and international businesses dropped.
  • What's Behind Massive Layoffs at Los Angeles Times and Sports Illustrated, with Andrew Klavan

    01/28/2024 8:48:20 AM PST · by Steely Tom · 66 replies
    YouTube ^ | 26 January 2024 | Megyn Kelly
    Megyn Kelly is joined by Andrew Klavan, author of "The House of Love and Death,” to discuss major layoffs at the Los Angeles Times, Sports Illustrated potentially shutting down, media outlets losing audience and money after going woke, and more.
  • LA Times faces backlash over layoffs that ‘decimated’ union groups of ‘overwhelmingly diverse reporters’

    01/25/2024 5:33:49 AM PST · by bert · 51 replies
    Fox Business ^ | 1/25/2024 | Brian Frost
    Layoffs ‘disproportionately’ impact people of color, according to the chair of the L.A. Times Guild Unit Council Caucuses within the Los Angeles Times Guild designed to represent diverse communities within the newsroom will be "decimated" by the liberal paper’s decision to lay off at least 115 staffers this week, according to the Guild. "If these layoffs are allowed to go through, our caucuses will be decimated. The Latino Caucus will lose 38% of its members. The Black Caucus will lose 33% of members. The AAPI [Asian American and Pacific Islander] and MENASA [Middle East, North Africa and South Asia] caucuses...