Latest Layoffs News

MGM Resorts announces 254 layoffs, says more job cuts coming

Apr. 25, 2019 5:46 PM EDT

LAS VEGAS (AP) — Las Vegas-based casino company MGM Resorts International has announced a first phase of layoffs in a cost-cutting operational shift as it aims to boost earnings. The Las Vegas Review-Journal reports the 254 layoffs announced Thursday will cut labor costs by $100 million. In a letter to...

3M shares sink on earnings, outlook and job cuts

Apr. 25, 2019 4:14 PM EDT

ST PAUL, Minn. (AP) — Shares in 3M posted the biggest one-day drop in decades after the company reported first quarter results that fell short of Wall Street projections. The company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019. The maker of...

Drugmaker to close Mississippi plant, laying off 140 workers

Apr. 23, 2019 5:28 PM EDT

CLEVELAND, Miss. (AP) — A drugmaker is closing a Mississippi Delta plant, laying off 140 people. Drug distributor AmerisourceBergen said it is consolidating production from its Cleveland PharMEDium plant to other locations to improve efficiency. It filed notice with the state last week, saying employees...

Workers finish making replacement parts at idled GM plant

Apr. 16, 2019 1:05 PM EDT

LORDSTOWN, Ohio (AP) — A union official says a small contingent of workers has finished making replacement parts for the Chevy Cruze at a General Motors plant in Ohio where production of the compact sedan ended in March. The Warren Tribune Chronicle reports UAW Local 1112 President Dave Green says GM...

SeaWorld lays off undisclosed number of employees

Apr. 13, 2019 1:25 PM EDT

ORLANDO, Fla. (AP) — SeaWorld has laid off an undisclosed number of employees around the country in a move its says is aimed toward improving efficiency. SeaWorld Entertainment spokeswoman Suzanne Pelisson-Beasley told the Orlando Sentinel on Saturday that the layoffs occurred Friday. She declined to say...

Call-center operator to lay off nearly 800 in Arizona

Apr. 9, 2019 3:55 PM EDT

TUCSON, Ariz. (AP) — A major call-center operator will lay off about 800 employees from its Tucson location. Concentrix Corp. recently filed a notice with the state, saying that 785 workers would be affected by a mass layoff. The employees were informed through a WARN letter, or Notification Under the...

Pharmaceuticals giant Bayer to cut 4,500 jobs in Germany

Apr. 9, 2019 8:07 AM EDT

BERLIN (AP) — Pharma and chemicals giant Bayer says it is cutting 4,500 jobs in its home market of Germany. Bayer said Tuesday that the positions are part of 12,000 job cuts around announced last year. The company currently has about 32,100 employees in Germany. Bayer is fighting the fallout from lawsuits...

Firestone in Liberia pursues drastic layoffs, worrying many

Mar. 29, 2019 5:29 AM EDT

HARBEL, Liberia (AP) — The 6,500 workers at the Firestone rubber plantation in Liberia are bracing for job cuts after the American-owned company announced it will substantially reduce its workforce. The Firestone farm, the world's single largest rubber plantation, has operated in this West African nation...

7 tax changes investors should watch for as they file

Mar. 15, 2019 11:57 AM EDT

Americans will face a slew of new rules during the first tax-filing season with the Tax Cuts and Jobs Act of 2017 in effect. Here's what changed for investors: 1. NO DEDUCTION FOR INVESTMENT EXPENSES For taxpayers who itemize, the 2 percent miscellaneous itemized deduction was a handy catchall bucket for expenses...

Eastman Chemical, Conduit Global cutting jobs in Tennessee

Mar. 14, 2019 4:38 PM EDT

MEMPHIS, Tenn. (AP) — Eastman Chemical Co. said Thursday that it is cutting an undisclosed number of jobs globally, citing "the ongoing U.S.-China trade dispute" and an economic slowdown in Europe. In a statement from company spokeswoman Betty Payne, the chemical and plastics manufacturer said it has seen...