Layoffs
Over Half of U.S.' Largest Companies Laid Off at Least 100,000 Workers
About 27 out of 50 of the country's biggest companies were laid off workers this year, despite nearly all of them turning a profit.
Trump Campaign Lays Off Staff, Despite President Refusing to Concede
Although it's a common practice for campaigns to wind down following an election, Trump campaign employees supporting legal operations have yet to be given an end date.
Roughly 4 Million Employees to Remain Unemployed Amid Pandemic
The transition rate from temporary to permanent layoffs nearly doubled from June to July.
United Airlines Could Furlough 36,000 U.S. Workers Despite Bailout
United Airlines' most impacted employees will be those working in inflight services, as 15,000 of those jobs will potentially be furloughed.
Trump Organization Lays off 250 Resort Employees Due to Pandemic
At least 250 of the 560 Trump National Doral Miami resort employees who were furloughed in March were permanently laid off in May, the Trump Organization said in a letter to local government officials.
Laying Off Your Employees During COVID-19 Can Hurt Your Company Later On
Some business leaders have framed furloughs as a "favor". They're anything but—neither to the employees nor to the business. In fact, companies that retain their employees are likelier to flourish after a slowdown.
Boeing Says Air Travel Won't Return to 2019 Levels for Two to Three Years
CEO Dave Calhoun predicted it will likely take several more years after 2021-2022 before long-term growth trends recover to 2019 rates.
Michigan Rep Blasts Hospitals for Closing During Pandemic: 'Not Profitable'
"Hospitals are closing because now that they actually have to take care of sick people and not make money off of all these surgeries and for-profit schemes," Rashida Tlaib said Sunday.
Michigan Health Care System Furloughs Nearly 2,500 Employees
One of Michigan's largest health care systems is finding itself in the financial red as they battle the novel coronavirus, leading to thousands being temporarily laid off from their jobs.
47 Million Americans at High Risk of Layoffs: Federal Reserve
The U.S. Federal Reserve analysts said the unemployment rate may soar past 32 percent and the coronavirus freeze on the economy could cost 47 million Americans their jobs.
Bloomberg Lays Off Staffers After Possible Coronavirus Exposure
New York staffers were informed of the possible coronavirus exposure the day before being laid off by the Bloomberg campaign.
Sanders Slams Republican 'Tax Scam' After Ford Announces 7,000 Layoffs
"The bottom line: Republicans sold the tax scam as a way to create jobs and help workers. They lied," Bernie Sanders tweeted
Trump Bashes General Motors For Closing Factories
"I love Ohio," Trump said. "I told them, 'you're playing around with the wrong person.'"
Disney-Fox Deal Closes in January
The Disney-Fox deal closes in three months, but the transition itself will take much longer.
Is Telltale Games Closing? [UPDATE]
Telltale has laid off a large number of employees, and may be closed for good.
Here's How GOP Tax Reform Is Affecting Big Retailers
After experiencing a dismal 2017, the retail sector is expected to continue announcing benefits from GOP tax reform.
Carrier To Lay Off 215 More Workers Despite Trump
Carrier struck a deal with President Donald Trump to save some jobs, but the company's operations are still moving to Mexico.
AT&T Laid Off Hundreds of Workers in Time for Christmas
The telecommunications giant said it was making "workforce adjustments."
Trump Seeks Jobs Advice From Firms That Offshore Work
Caterpillar Inc., United Technologies Corp., Dana Inc., 3M Co., Timken Co. and General Electric Co., are offshoring work to Mexico, China, India and other countries.
Cisco Systems Seen Following Intel With Wide Job Cuts
The network equipment maker will lay off 14,000 employees, nearly 20 percent of its global workforce, technology news site CRN reported.
How Does Yahoo Make Its Money?
Short answer: It still serves a lot of pages and it sells a lot of ads.
GoPro Shares Dive as Camera Company Lays Off Workers
GoPro dropped 25 percent in a matter of hours.
How to Casually Lay Off Your Newsroom
It's layoff season. Make it as quick and easy as possible!
Twitter to Lay Off 336 Employees
The move will eliminate 8 percent of Twitter's workforce in an effort to cut costs and spur growth.
Twitter Plans Layoffs Next Week: Report
The news comes just after Jack Dorsey was appointed permanent chief executive.
Whole Foods Market to Cut Around 1,500 Jobs
Facing increasing competition, Whole Foods is cutting about 1.6 percent of its workforce as it works to bring down costs.
Rolling Stone, Wenner Media, Fire a Dozen Employees
The cuts include David Fricke, a longtime Rolling Stone music critic.