Latest Layoffs News

US hiring slows amid trade rifts and weaker global economy

Jun. 7, 2019 3:35 PM EDT

WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month's modest job gain followed a much healthier...

MGM Resorts announces more job cuts, calls layoffs complete

May. 30, 2019 1:41 PM EDT

LAS VEGAS (AP) — Casino giant MGM Resorts International says it's completing planned layoffs with 779 job cuts, mostly in Las Vegas. CEO Jim Murren told employees the last affected workers would learn Thursday their positions were eliminated. Company spokeswoman Debra DeShong says the job cuts...

French finance minister to fight GE's plan to cut jobs

May. 29, 2019 10:10 AM EDT

PARIS (AP) — France's finance minister is asking U.S. company General Electric to change its plans to cut more than 1,000 jobs in France. Bruno Le Maire said Wednesday he will talk to GE's CEO, Larry Culp, by phone on Thursday. He committed to "stand by the employees' side." GE on Tuesday announced plans...

Key challenges facing a Fiat Chrysler-Renault merger

May. 28, 2019 1:01 PM EDT

MILAN (AP) — Fiat Chrysler's proposal to merge with French rival Renault has industry executives, analysts and union leaders rushing to figure out how it would reshape the sector worldwide. A deal would create the third-largest automaker with annual sales of 8.7 million vehicles, behind Volkswagen and...

Philadelphia Inquirer offers buyouts, citing revenue decline

May. 23, 2019 6:52 PM EDT

PHILADELPHIA (AP) — The publishers of The Philadelphia Inquirer, Daily News and Philly.com are offering buyouts to staff but the threat of layoffs looms if there aren't enough volunteers. Philly.com reports that Philadelphia Media Network's publisher and chief executive emailed employees Thursday. Terrance...

Bankruptcy judge approves sale of Reading Eagle to chain

May. 22, 2019 7:34 PM EDT

READING, Pa. (AP) — A federal bankruptcy judge on Wednesday approved the sale of the 150-year-old Reading Eagle to a publisher known for its aggressive cost-cutting. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the Reading Eagle Co., which filed for bankruptcy...

Seeing a twisting road ahead, Ford cuts 7K white-collar jobs

May. 20, 2019 10:03 PM EDT

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since last...

United Airlines to lay off 100 in Houston, outsource jobs

May. 17, 2019 2:03 PM EDT

HOUSTON (AP) — United Airlines says it will cut about 100 accounting jobs in Houston in July and shift the work to a contractor. The airline reported the layoffs in a letter this week to the Texas Workforce Commission. It did not identify the contractor that will handle accounting of revenue from...

MediaNews offers to buy Reading Eagle out of bankruptcy

May. 16, 2019 7:40 PM EDT

READING, Pa. (AP) — A news media company with a history of taking over struggling newspapers and then cutting jobs has offered to buy the Reading Eagle out of bankruptcy. The Reading Eagle Co. said Thursday that it received two bids to buy its assets, but only one of the bids, from MediaNews Group, was...

Staffer: Illinois newspaper editor resigns to spare layoffs

May. 14, 2019 10:45 PM EDT

SPRINGFIELD, Ill. (AP) — Illinois' capital-city newspaper, a 188-year-old institution tied intimately to Abraham Lincoln, is without a news chief after its editor resigned in hopes of sparing more layoffs, according to a staff writer. Angie Muhs served notice of her resignation on Friday from The State...