Latest Layoffs News

Commuters at Waterloo Station, in London, Thursday, Sept. 24, 2020, after Britain's Prime Minister Boris Johnson announced a range of new restrictions to combat the rise in coronavirus cases in England. (Victoria Jones/PA via AP)

UK announces new plan to help workers hit by pandemic

Sep. 24, 2020 1:02 PM EDT

LONDON (AP) — Britain’s treasury chief announced a new income support program Thursday for workers hurt by the coronavirus pandemic, as the government races to prevent widespread layoffs when earlier employer subsidies end next month. Chancellor Rishi Sunak, in a speech to lawmakers, unveiled his...

Ohio State athletics director Gene Smith answers questions during a news conference, Tuesday, Dec. 4, 2018, in Columbus, Ohio. Ohio State's athletic department will cut 25 jobs, furlough hundreds of other employees and ask coaches and others to take 5% pay cuts to help grapple with a projected $107 million budget deficit due to the COVID-19 pandemic, athletic director Gene Smith said Wednesday, Sept. 23, 2020. (AP Photo/Jay LaPrete)

Budget shortfall forces deep cuts in Ohio St sports program

Sep. 23, 2020 2:51 PM EDT

COLUMBUS, Ohio (AP) — Ohio State's athletic department will cut 25 jobs, furlough hundreds of other employees and ask coaches and others to take 5% pay cuts to help grapple with a projected $107 million budget deficit due to the COVID-19 pandemic, athletic director Gene Smith said Wednesday. Some of that...

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)

Powell faces lawmakers' skepticism on some Fed aid programs

Sep. 23, 2020 1:54 PM EDT

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in which the...

Wyoming cuts to impede access to corrections information

Sep. 22, 2020 5:30 PM EDT

CHEYENNE, Wyo. (AP) — News reporters on urgent deadlines will need to file a time-consuming public records request in order for the Wyoming Department of Corrections to answer any of their questions after the agency lays off its public information officer, a state corrections official said Tuesday. The...

FILE - Pedestrians wear protective masks during the coronavirus pandemic as they walk past Brookfield Place Saturday, May 9, 2020, in New York. Brookfield Properties, one of the nation’s largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings and bankruptcies. (AP Photo/Frank Franklin II)

Mall titan Brookfield, Ralph Lauren both reducing workforce

Sep. 22, 2020 1:56 PM EDT

NEW YORK (AP) — Brookfield Properties, one of the nation's largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings. The Chicago-based mall, which operates 170 mall properties, has more than...

A briefcase of a census taker is seen as she knocks on the door of a residence Tuesday, Aug. 11, 2020, in Winter Park, Fla. A half-million census takers head out en mass this week to knock on the doors of households that haven't yet responded to the 2020 census. (AP Photo/John Raoux)

Manager ordered census layoffs despite judge's ruling

Sep. 18, 2020 11:17 PM EDT

ORLANDO, Fla. (AP) — Two weeks after a federal judge prohibited the U.S. Census Bureau from winding down the 2020 census, a manager in Illinois instructed employees to get started with layoffs, according to an audio of the conversation obtained by The Associated Press. During a conference call Thursday,...

FILE - In this Sept. 2, 2020, file photo, a help wanted sign hangs on the door of a Target store in Uniontown, Pa. Hundreds of thousands of Americans likely applied for unemployment benefits last week, a high level of job insecurity that reflects economic damage from the coronavirus outbreak. Economists expect that 850,000 people sought jobless aid, down from 884,000 the week before, according to a survey by the data firm FactSet. (AP Photo/Gene J. Puskar, File)

COVID-19 danger continues to drive joblessness in US

Sep. 17, 2020 1:07 PM EDT

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of COVID-19 was detected in the U.S. The Labor Department said...

Bridgestone employees fire flares outside the tire factory of Bethune, northern France, Thursday, Sept.17, 2020. Workers protest over the Japan-based company's decision to close the plant and lay off all its nearly 900 workers. Bridgestone argues the factory is no longer competitive globally, but unions and French politicians accused the company of using the virus-driven economic crisis as a pretext for the closure and not investing in modernizing the plant instead. (AP Photo/Michel Spingler)

French unions protest tire factory closure amid virus crisis

Sep. 17, 2020 6:42 AM EDT

PARIS (AP) — Workers protested Thursday at a Bridgestone tire factory in northern France over the company’s decision to close the plant and lay off its nearly 900 workers, accusing management of using the virus-driven economic crisis as a pretext to ruin livelihoods. Japan-based Bridgestone argues...

A sign stands at the road leading to the Raytheon facility in a Monday, June 10, 2019 photo, in Marlborough, Mass.Raytheon Technologies plans to eliminate more than 15,000 jobs this year in its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace. Chief Executive Officer Greg Hayes announced the revised job cut numbers Wednesday during a Morgan Stanley analysts conference.   (AP Photo/Bill Sikes, File)

Raytheon doubles job cuts to 15,000, citing airline downturn

Sep. 16, 2020 5:45 PM EDT

WALTHAM, Mass. (AP) — Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid the downturn in the airline industry, Chief Executive Officer Greg...

Kohl's to cut 15% of office jobs due to virus-related slump

Sep. 15, 2020 5:24 PM EDT

NEW YORK (AP) — Kohl's, whose sales have been hurt by the pandemic, said Tuesday that it will cut 15% of its office workers to save money. The company declined to say how many people will lose their jobs. The layoffs will be at its headquarters in Menomonee Falls, Wisconsin, as well as offices in New York...