Latest Layoffs News
California jobless rate edges up amid 52,000 lost jobs
SACRAMENTO, Calif. (AP) — California’s unemployment rate edged up nearly 1 percentage point last month as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state’s beleaguered Employment Development Department reported Friday. The jobless...
Colorado agency gets virus relief aid, reverses furloughs
DENVER (AP) — The Regional Transportation District in Colorado has halted layoffs for about 250 employees after it received more than $200 million from a $900 billion federal coronavirus relief aid package, officials said. The agency also reversed furloughs and salary cuts that were planned for its...
Biden inherits damaged economy, with signs of hope emerging
WASHINGTON (AP) — President Joe Biden has inherited a badly damaged economy pulverized by the pandemic, with 10 million fewer jobs than a year ago and as many as one in 6 small businesses shut down. Yet there are also signs of resilience and recovery that suggest the prospect of a rebound, perhaps a robust...
US jobless claims decline to a still-high 900,000
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic. The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that...
Genworth begins telling some workers their jobs will be cut
RICHMOND, Va. (AP) — Virginia-based insurance giant Genworth Financial has begun notifying some of its workers that their jobs are being cut after a proposed merger with a China-based investment firm was delayed. A spokeswoman for Genworth confirmed on Wednesday that the company is starting to notify...
FedEx to cut up to 6,300 jobs in Europe over next 18 months
MEMPHIS, Tenn. (AP) — FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of combining its own operation with that of a Dutch delivery company it bought in 2016. FedEx said in a statement Tuesday that the cuts will take place over 18 months and include express-delivery operations and...
Unions strike over job cuts at French vaccine maker Sanofi
MARCY L'ETOILE, France (AP) — Unions at French drug maker Sanofi held a one-day strike Tuesday at the lab where it is developing a COVID-19 vaccine and some other sites, to protest job cuts the company plans despite a boost in investment amid the pandemic. Some 200 workers with union flags and megaphones...
Hanford contractor to lay off 30 workers
KENNEWICK, Wash. (AP) — Hanford contractor Mission Support Alliance plans to lay of 30 workers as its Department of Energy contract expires. The layoffs are set for Thursday, the last full business day before the expiring contract held by Mission Support Alliance transitions to a new 10-year contract...
Lutheran Social Services of North Dakota to close down
FARGO, N.D. (AP) — Lutheran Social Services of North Dakota, a nonprofit agency that has provided various services since 1919, is closing its doors, citing financial struggles. The agency said Friday the decision was motivated by the struggles of LSS Housing, an affordable housing program that the agency...
US unemployment claims jump to 965,000 as virus takes toll
WASHINGTON (AP) — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the...
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