Latest Layoffs News

FILE - A man walks out of a Marc's Store,  Friday, Jan. 8, 2021, in Mayfield Heights, Ohio.  Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. (AP Photo/Tony Dejak, file)

Biden inherits damaged economy, with signs of hope emerging

Jan. 21, 2021 4:38 PM EST

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...

FILE - In this Dec. 10, 2020, file photo, a

US jobless claims decline to a still-high 900,000

Jan. 21, 2021 9:26 AM EST

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...

A FedEx aircraft takes off past the tail of another parked on the tarmac of Miami International Airport, Monday, July 27, 2020, in Miami. FedEx plans to cut up to 6,300 jobs in Europe after its acquisition of TNT Express. FedEx said Tuesday, Jan. 19, 2021,  that the cuts will take place over 18 months and include express-delivery operations and back-office employees of TNT across the continent.  (AP Photo/Wilfredo Lee)

FedEx to cut up to 6,300 jobs in Europe over next 18 months

Jan. 19, 2021 4:43 PM EST

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...

Striking workers gather outside the French pharmaceutical company Sanofi headquarters in Marcy l'Etoile, central France, Tuesday, Jan.19, 2021. Employees of pharmaceutical company Sanofi stage a protest against planned redundancies that they say could slow the fight against the Coronavirus pandemic . Sanofi had been developing Covid vaccines but will not be ready to roll out until late 2021. (AP Photo/Laurent Cipriani)

Unions strike over job cuts at French vaccine maker Sanofi

Jan. 19, 2021 7:55 AM EST

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...

Andrew Walcott, owners of Fusion East Caribbean & Soul Food restaurant, poses for a photo at the restaurant in East New York neighborhood of the Brooklyn borough of New York, Thursday, Jan. 7, 2021.  Walcott had to furlough four employees at his restaurant just before Christmas, after New York state stopped allowing indoor dining.   (AP Photo/Mary Altaffer)

US unemployment claims jump to 965,000 as virus takes toll

Jan. 14, 2021 11:26 AM EST

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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Job openings down in most industries, while layoffs spike

Jan. 12, 2021 11:10 AM EST

WASHINGTON (AP) — Layoffs spiked in November compared with the previous month and the number of job openings slipped, signaling that the job market has stalled as the resurgent coronavirus has brought about another wave shutdowns of restaurants and bars and hobbled consumer spending. While the layoffs were...

Comedian Brad Pierce, right, looks over the notebook us uses to write jokes as he sits in the kitchen next to his wife, Carmen, and their nephew, Maddox, 1, in West Warwick, R.I., Friday, Jan. 8, 2021. Pierce was finally doing well with his comedy when the pandemic hit. Now he wonders if he can possibly build up his career again. He has a friend who drives for Amazon and fears having to get a job like that while talking about the good old days when he was an entertainer. (AP Photo/David Goldman)

Once again, job losses fall unequally across the US economy

Jan. 9, 2021 10:44 AM EST

WASHINGTON (AP) — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring. In December, the nation shed jobs for the first time since April. Once...

Andrew Walcott, left, owner of Fusion East Caribbean & Soul Food restaurant, monitors the take out orders as his chef Andrew Jackson places an order on the counter at the restaurant in East New York neighborhood of the Brooklyn borough of New York, Thursday, Jan. 7, 2021.  Walcott had to furlough four employees at his restaurant,  just before Christmas, after New York state stopped allowing indoor dining.   (AP Photo/Mary Altaffer)

US loses 140,000 jobs, first monthly drop since spring

Jan. 8, 2021 11:24 AM EST

WASHINGTON (AP) — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn't...

US employers cut 140,000 jobs in December, first monthly loss since pandemic erupted in early spring

Jan. 8, 2021 8:31 AM EST
WASHINGTON (AP) — US employers cut 140,000 jobs in December, first monthly loss since pandemic erupted in early spring.
FILE - In this Dec. 14, 2020 file photo, Zeida Hernandez, of Tampa, Fla., left, makes Factory Throwout cigars using an antique hand-operated cigar machine at the J.C. Newman Cigar Co., Tampa's last cigar factory, in Fla. American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. (Douglas R. Clifford/Tampa Bay Times via AP)

US unemployment claims slip to still-high 787,000

Jan. 7, 2021 10:16 AM EST

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell slightly last week to 787,000, a historically high number that points to a weak job market held back by the viral pandemic. Thursday's figure from the Labor Department, a slight decline from the previous week, shows that even with the...