Latest Layoffs News

Uber lays off 350 employees in Eats, autonomous vehicles

Oct. 14, 2019 2:35 PM EDT

NEW YORK (AP) — Uber is laying off 350 employees from its food delivery, autonomous vehicles, safety, insurance and other teams. The move is the latest in a string of staff reductions at the ride-hailing giant since its ill-fated initial public offering. CEO Dara Khosrowshahi said in an email to employees...

HSBC reported to plan 10,000 job cuts globally

Oct. 7, 2019 10:06 AM EDT

LONDON (AP) — British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide. HSBC declined to comment Monday on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. The newspaper described the cuts as an...

Correction: HP Inc-Job Cuts story

Oct. 4, 2019 1:12 PM EDT

SAN FRANCISCO (AP) — In a story Oct. 4 about job cuts at Hewlett Packard, The Associated Press reported erroneously that the cuts will be made by 2020. The company plans to make the cuts by its fiscal year 2022. A corrected version of the story is below: HP Inc.'s new CEO unveils plan to cut up to 9,000...

Sports Illustrated, under new management, cuts staff jobs

Oct. 3, 2019 7:09 PM EDT

NEW YORK (AP) — Sports Illustrated’s new manager said Thursday that the 65-year-old sports magazine is cutting more than 40 jobs out of a staff of 150. Maven, the company now managing the magazine, will add 200 contractors to cover college and professional sports teams, said Maven spokesman Greg...

Survey: Businesses added just 135,000 jobs in September

Oct. 2, 2019 9:39 AM EDT

WASHINGTON (AP) — U.S. companies added a modest 135,000 jobs in September, a private survey found, a sign that hiring is slowing as the trade war takes a toll on the economy and employers grow cautious. Payroll processor ADP said Wednesday that hiring has particularly slowed in mining, which actually cut...

Committees finish work in GM talks, top bargainers take over

Sep. 25, 2019 5:25 PM EDT

DETROIT (AP) — Contract talks between General Motors and striking United Auto Workers took a step closer to reaching an agreement Wednesday when committees finished their work and sent it to the top bargainers. The move means that minor issues largely are resolved, and a few bargainers for both sides will...

Workers, car owners, dealers and GM feel pinch from strike

Sep. 25, 2019 9:41 AM EDT

DETROIT (AP) — As the United Auto Workers' strike against General Motors stretches into a second week, it's not just the company and striking workers getting pinched. With many replacement part warehouses shut down, dealers are beginning to run short of components to repair cars, trucks and SUVs. And...

Germany's Commerzbank plans 4,300 job cuts in restructuring

Sep. 20, 2019 10:33 AM EDT

BERLIN (AP) — Germany's Commerzbank AG says it's planning to cut 4,300 jobs and close 200 branches as part of a restructuring that will also see it sell its stake in Poland's mBank. The bank, Germany's second largest, said Friday the sale of its majority share in mBank should reduce risk and help bring in...

The Latest: Union protesters arrested at Tennessee GM plant

Sep. 18, 2019 6:36 PM EDT

DETROIT (AP) — The Latest on the United Auto Workers union's strike that has crippled U.S. production at General Motors (all times local): 5:15 p.m. A United Auto Workers official says about seven to nine union picketers were arrested for blocking a roadway at a General Motors plant in Tennessee. Local UAW...

Modest hiring enough to fuel sluggish but durable US economy

Sep. 6, 2019 5:09 PM EDT

WASHINGTON (AP) — Hiring by U.S. employers was slower but steady in August, and hourly pay jumped — trends that should sustain the U.S. economy's record-long expansion in the coming months. Yet with the economy still under threat from a weak global economy and President Donald Trump's trade war with...