Latest Layoffs News

California's largest recycling business closes, 750 laid off

Aug. 5, 2019 8:36 PM EDT

SAN JOSE, Calif. (AP) — California's largest operator of recycling redemption centers shut down Monday and laid off 750 employees. RePlanet closed all 284 of its centers, and company president David Lawrence said the decision was driven by increased business costs and falling prices of recycled aluminum...

Britain's biggest supermarket Tesco cuts further 4,500 jobs

Aug. 5, 2019 11:02 AM EDT

LONDON (AP) — Tesco, Britain's biggest supermarket chain, says it is cutting 4,500 jobs, in an attempt to be more flexible in an evolving retail environment. Tesco said Monday that most of the job losses will be seen at its mid-sized Metro stores that are aimed at the weekly shop. Since they are being used...

HSBC says its CEO to leave after just 18 months

Aug. 5, 2019 8:19 AM EDT

LONDON (AP) — Bank HSBC on Monday announced the surprise departure of CEO John Flint after just 18 months, saying new leadership was needed amid increasing economic uncertainty, and that it was cutting some 4,000 jobs to reduce costs. London-based HSBC Holdings said Flint stepped down by mutual agreement....

Lowe's cuts store jobs as it seeks to outsource workers

Aug. 1, 2019 4:12 PM EDT

Lowe's Cos. is laying off thousands of employees at its U.S. stores as it outsources some of their duties to outside companies. The home-improvement chain, based in Mooresville, North Carolina, declined to say exactly how many employees were affected. But The Wall Street Journal reported that thousands of...

GM earnings rise 1% as buyers pay more for popular pickups

Aug. 1, 2019 11:41 AM EDT

DETROIT (AP) — General Motors said Thursday that higher prices for popular pickup trucks and SUVs helped overcome slowing global sales and profit rose by 1% in the second quarter. The Detroit automaker said it made $2.42 billion, or $1.66 per share, from April through June. Adjusting for restructuring...

Small business employment edges higher in July, ADP says

Jul. 31, 2019 2:11 PM EDT

NEW YORK (AP) — Small business employment edged up during July as owners gingerly took on new hires. That report came Wednesday from payroll provider ADP, which counted 11,000 new jobs at its small business customers, those with up to 49 employees. But ADP's smallest customers, those with up to 19...

Texas firm accused of Medicare fraud files for bankruptcy

Jul. 31, 2019 6:45 AM EDT

RICHMOND, Va. (AP) — A blood-testing company filed for bankruptcy and says it's cutting jobs because Medicare payments have been withheld over allegations of fraud. The Richmond Times-Dispatch reports True Health Diagnostics LLC filed for Chapter 11 bankruptcy protection this week and notified officials of...

Richer US households fueling a hot job sector: 'wealth work'

Jul. 30, 2019 3:35 PM EDT

WASHINGTON (AP) — Ken McNamee has an upfront view of the river of wealth cascading through Seattle these days. A private chef, McNamee prospects for clients at the tony country club where he spends part of his week preparing luxe meals. The parking lot is dotted with Ferraris and Porsches. The members...

Uber lays off 400 employees from global marketing team

Jul. 29, 2019 4:50 PM EDT

NEW YORK (AP) — Uber is laying off 400 employees in marketing, about a quarter of the marketing team's global workforce of 1,200 people. The move, announced Monday, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company's marketing, communications and policy teams. The...

Regulators approve T-Mobile's $26.5 billion takeover of Sprint with conditions, despite fear of price hikes and job cuts

Jul. 26, 2019 11:31 AM EDT
WASHINGTON (AP) — Regulators approve T-Mobile's $26.5 billion takeover of Sprint with conditions, despite fear of price hikes and job cuts.