Latest Layoffs News

FILE - In this May 6, 2020, file photo, a sign stands outside the Department of Labor's headquarters in Washington. A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection. (AP Photo/Patrick Semansky, File)

GAO says weekly unemployment benefits report flawed

Nov. 30, 2020 6:24 PM EST

WASHINGTON (AP) — A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection. The Government Accountability Office...

FILE - In this Thursday, July 2, 2020, file photo, cars drive under a sign greeting visitors near the entrance to Walt Disney World, in Lake Buena Vista, Fla.   The Walt Disney Co. is announcing plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic's effect on the industry. The company has been limiting attendance at its parks and changing protocols to allow for social distancing. (AP Photo/John Raoux, File)

Disney to lay off 4,000 more employees amid pandemic

Nov. 27, 2020 4:54 PM EST

ORLANDO, Fla. (AP) — The Walt Disney Co. announced plans to lay off 4,000 more employees largely due to the effects of the COVID-19 pandemic. The announcement by the company was made in a U.S. Securities and Exchange Commission filing earlier this week, saying 32,000 employees at the parks, experiences and...

Delta won't furlough pilots; job cuts possible at Southwest

Nov. 25, 2020 3:39 PM EST

DALLAS (AP) — Delta Air Lines on Wednesday dropped a threat to furlough more than 1,700 pilots after they ratified a cost-cutting agreement that the airline said was needed to help it cope with a downturn caused by the pandemic. The airline had planned to furlough about 13% of its 12,900 pilots on Saturday...

Restart of Massachusetts jury trials postponed again

Nov. 20, 2020 5:18 PM EST

BOSTON (AP) — With the coronavirus infection rate rapidly climbing in Massachusetts, the state court system on Friday announced a further postponement of the resumption of jury trials. Trials were scheduled to resume on a limited basis on Nov. 30, but that has now been pushed back until Jan. 11, the...

A real estate brokerage sign stands in front of a house, Tuesday, Oct. 6, 2020, in Norwood, Mass.  On Thursday, Nov. 19, U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy.  (AP Photo/Steven Senne)

US mortgage rates fall to new lows; 30-year loan at 2.72%

Nov. 19, 2020 12:13 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark loan declined to 2.72% from 2.84% last...

FILE - This May 7, 2020, file photo shows a man wearing a mask while walking under a Now Hiring sign at a CVS Pharmacy during the coronavirus outbreak in San Francisco.  On Thursday, Nov. 12, the number of people seeking unemployment benefits fell last week to 709,000, the fourth straight drop and a sign that the job market is slowly healing. The figures coincide with a sharp resurgence in confirmed viral infections to an all-time high above 120,000 a day.  (AP Photo/Jeff Chiu, File)

US jobless claims rise to 742,000; millions to lose aid

Nov. 19, 2020 9:48 AM EST

WASHINGTON (AP) — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The worsening pandemic and the arrival of cold weather could...

World Series champion Dodgers issue layoffs

Nov. 18, 2020 10:57 PM EST

LOS ANGELES (AP) — The World Series champion Los Angeles Dodgers issued layoffs in the organization Wednesday as a result of revenue losses sustained during the coronavirus pandemic. “Since March, we have worked hard to minimize the impact on our employees," the team said in a statement. “The...

FILE  - In this Sept. 28, 2020, file photo, Tampa Bay Lightning's Nikita Kucherov (86) hoists the Stanley Cup after defeating the Dallas Stars in the NHL Stanley Cup hockey finals, in Edmonton, Alberta. This has been a year for Tampa Bay sports like no other, though the area's three successful professional teams haven't had a chance to truly capitalize on the boom and connect with re-energized fan bases. It has been — and continues to be —- a missed opportunity because of the coronavirus pandemic. (Jason Franson/The Canadian Press via AP, File)

Hockey champions laying off 30 workers because of virus

Nov. 16, 2020 5:13 PM EST

Just months after winning the Stanley Cup, officials with the Tampa Bay Lightning said Monday that they are eliminating 30 positions in a sign that even winning a championship does not spare a team from the effects of the coronavirus. The positions were across the company and effective immediately, team officials...

FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The Walt Disney Co. has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal.  (AP Photo/Richard Drew, File)

Disney posts 4Q loss as parks business, costs drag results

Nov. 12, 2020 5:41 PM EST

Walt Disney Co. reported fiscal fourth-quarter loss on Thursday thanks largely to changes related to the COVID-19 pandemic. Its earnings were dragged by costs from restructuring related to its streaming services and lost revenue from its California theme parks, which remain closed amid surging coronavirus cases...

FILE - In this Sept. 15, 2020, file photo, people examine a storefront window as they walk in Boston's fashionable Newbury Street shopping district. Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October yet there are signs they remain cautious about the economy's future as the pandemic worsens. (AP Photo/Steven Senne, File)

Hiring held last month but signs of caution as virus worsens

Nov. 6, 2020 4:26 PM EST

WASHINGTON (AP) — Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October, yet there are signs they remain cautious about the economy's future as the pandemic worsens. The Labor Department said Friday that employers added 638,000 jobs and the unemployment rate tumbled a...