layoffs and downsizing
Business and Finance
Dropbox to Cut 11% of Global Workforce
Dropbox would lay off 11 percent of its workforce worldwide, citing that such a move is “necessary to implement new strategies” that the company...
Business and Finance
Southwest Airlines warns of 6,800 impending layoffs
Southwest Airlines announced that 6,800 employees may be furloughed by spring due to an alleged “lack of meaningful progress” in cost-cutting negotiations with labor...
Business and Finance
New US Jobless Claims Fell Slightly to 712,000 Last Week
First-time claims for unemployment benefits in the United States totaled 712,000 in the week that ended on November 28th, reaching the lowest level during...
Business and Finance
Delta Reaches Cost Reduction Deal with Unions, Southwest Announces Layoffs
Delta Air Lines has reached a deal with its pilots to implement pay cuts to avoid furloughs along with Southwest Airlines' warning of massive...
Business and Finance
Disney to Layoff 32,000 Workers
Disney disclosed in their latest 10-K filing new downsizing plans which would increase the 28,000 layoffs announced in September to 32,000.Disney disclosed in their...
Business and Finance
General Electric Warns of More Job Cuts at Aviation Business
-General Electric warned on Tuesday afternoon of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the...
Business and Finance
Thyssenkrupp will cut Another 5,000 Jobs
German giant Thyssenkrupp announced on Thursday morning it will cut another 5,000 jobs to stem losses across its conglomerate, after posting a $1.9 billion...
Business and Finance
Exxon Will Cut 14,000 Jobs as Pandemic Continues Hammering Oil Demand
Exxon Mobil Corp announced on Thursday that it would reduce its global workforce by 15%, including 1,900 U.S. jobs, by the end of 2022,...