Latest Layoffs News

Mexico cuts budget for all, from athletes to archaeologists

Jul. 17, 2019 8:09 PM EDT

MEXICO CITY (AP) — The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts by President Andres Manuel Lopez Obrador. Seldom has a leftist been so obsessively...

Deutsche Bank cuts mark end to failed bid for global scale

Jul. 8, 2019 3:02 PM EDT

BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by refocusing on...

Poll: 1 in 4 don't plan to retire despite realities of aging

Jul. 7, 2019 7:31 PM EDT

CHICAGO (AP) — Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of aging in the workforce. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers...

Deutsche Bank to slash 18,000 jobs in sweeping restructuring

Jul. 7, 2019 3:56 PM EDT

FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it would...

The Latest: Deutsche Bank to slash 18,000 jobs in reshuffle

Jul. 7, 2019 11:23 AM EDT

BERLIN (AP) — The Latest on Germany's Deutsche Bank (all times local): 5:15 p.m. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022 in a sweeping restructuring aimed at restoring consistent profitability and improving returns to its shareholders. The Frankfurt-headquartered bank said...

Deutsche Bank says it will cut 18,000 jobs by 2022 to increase profitability, boost shareholder returns

Jul. 7, 2019 11:03 AM EDT
FRANKFURT, Germany (AP) — Deutsche Bank says it will cut 18,000 jobs by 2022 to increase profitability, boost shareholder returns.

Already cautious businesses grow even more wary about hiring

Jul. 3, 2019 11:13 AM EDT

NEW YORK (AP) — Corri Smith is planning to hire a full-time project manager for her public relations firm and make her part-time assistant full-time. But she has a wary eye on the economy. "It's been a long time since we've had some trouble in the economy. It can't all be wonderful — something will...

New leader cuts several posts in Harrisburg school district

Jun. 28, 2019 7:47 AM EDT

HARRISBURG, Pa. (AP) — The newly appointed receiver overseeing the Harrisburg School District has eliminated the positions of more than a dozen employees, including the district's lawyer and its entire business office and human resources department. The moves were announced Thursday night during a special...

Chemical company BASF says it will cut 6,000 jobs worldwide by the end of 2021 in "organizational realignment."

Jun. 27, 2019 9:25 AM EDT
FRANKFURT, Germany (AP) — Chemical company BASF says it will cut 6,000 jobs worldwide by the end of 2021 in "organizational realignment."

Ford restructuring to cost 12,000 jobs in Europe

Jun. 27, 2019 9:19 AM EDT

FRANKFURT, Germany (AP) — Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars. The job losses amount to about a fifth of Ford's work force in...