Latest Layoffs News
Verizon cutting about 800 jobs in troubled media business
NEW YORK (AP) — Verizon is cutting about 800 jobs, or 7 percent of its media and advertising employees, as it reorganizes the troubled division. The wireless company had hoped to create an ad business that could compete with Google and Facebook. It spent roughly $10 billion buying up former Internet...
US aid cuts hit Palestinians, further dimming hope for peace
JERUSALEM (AP) — Tens of thousands of Palestinians are no longer getting food aid or basic health services from America, U.S.-funded infrastructure projects have been halted, and an innovative peace-building program in Jerusalem is scaling back its activities. The Trump administration's decision last year...
China slump squeezes workers, hammers consumer spending
BEIJING (AP) — Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off in December. Yu tightened his belt: No...
China slump squeezes workers, hammers consumer spending
BEIJING (AP) — Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off in December. Yu tightened his belt: No...
Nissan to cut up to 700 contract workers in Mississippi
JACKSON, Miss. (AP) — Nissan Motor Co. announced Thursday that it's cutting up to 700 contract workers at its Mississippi assembly plant, citing slowing sales for vans and Titan pickup trucks that it makes there. The move follows Nissan's December announcement that it's cutting 1,000 jobs at two Mexican...
Bethune-Cookman University announces layoffs, pay cuts
DAYTONA BEACH, Fla. (AP) — Drastic changes are under way at Florida's Bethune-Cookman University due to crippling debts and a looming deadline to shore up finances. Interim President Hubert Grimes outlined plans for salary cuts, employee layoffs and unpaid furloughs in a letter to employees on Tuesday. The...
Company known for deep cost-cutting offers to buy Gannett
NEW YORK (AP) — A hedge fund-backed bid to buy Gannett Co., the publisher of USA Today and several other major dailies, is renewing fears of consolidation and job losses — as well as a decline in the quantity and quality of news coverage — in the already battered newspaper industry. MNG...
Fiat Chrysler CEO says company strong enough to stand alone
DETROIT (AP) — Major job cuts or an alliance with other automakers are not in the plans for Italian-American automaker Fiat Chrysler, the company's new CEO says. Mike Manley, who took over for the late Sergio Marchionne last year, said the company downsized its workforce significantly during the global...
The Latest: Infiniti electric concept car makes debut
DETROIT (AP) — The Latest on the Detroit auto show (all times local): 2:50 p.m. An Infiniti concept electric SUV that ruined a press conference because it wouldn't move from back stage is now on display at the Detroit auto show. The Infiniti QX Inspiration concept missed its introduction Monday morning and...
SpaceX to lay off 10 percent of workforce to become leaner
HAWTHORNE, Calif. (AP) — SpaceX will lay off 10 percent of its roughly 6,000 workers, announcing Friday that it needs to become leaner to accomplish ambitious projects such as creating a spaceship that can carry astronauts to Mars. "This action is taken only due to the extraordinarily difficult challenges...
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