Tag: Layoffs


  • Intel layoffs

    Intel is laying off 11% of its entire workforce

    Intel is about to wipe out 11% of its global workforce or about 12,000 workers, the company announced on Tuesday. As of the end of 2015 Intel employed about 107,300 staff members. Most of the employees affected by the layoffs will be notified in the next 60 days while some cuts will continue through mid-2017. While […]

  • Boeing layoffs 2016

    Boeing layoffs continue with 4,000 workers on their way out

    Boeing has announced plans to cut 4,000 jobs as the airline manufacturer battles against Airbus and attempts to reduce costs based on softer than expected demand. The 4,000 jobs would equal about 2% of its worldwide staff. The company will cut positions through normal attrition, voluntary buyouts, and by leaving unfilled positions open. “We’ll only […]

  • Zenefits is laying off a ton of employees

    Zenefits is laying off nearly 250 employees

    Zenefits is getting rid of 17% of its employees, or nearly 250 people. An email sent by CEO David Sacks says the layoffs will focus mostly on the company’s sales divisions. “When I became CEO of Zenefits, I promised on Day 1 to reset our culture, refocus our strategy on serving small businesses, and create […]

  • Tiffany

    Tiffany is slashing jobs after a dismal holiday sales season

    There was no bling in Tiffany’s holiday ales. The company announced on Tuesday that sales slumped 5% at stores open at least a year, due mostly to the strong US dollar that scared away tourists. The company downgraded its 2015 profit outlook and moved to cut costs by slashing jobs. The poor sales mark the […]

  • Marissa Mayer and Yahoo Layoffs

    Yahoo planning to cut 10% of its workforce

    Yahoo Inc. is planning to cut 10% of its overall workforce and it could begin the process in January, according to a report from Business Insider.  “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. If the news is accurate it would […]

  • Macys Sales

    Macy’s is laying off 4,000 employees after a mediocre holiday season

    Macy’s is planning to lay off nearly 4,350 employees across the country after the company failed to hit sales targets over the holiday shopping season. Macy’s on Wednesday said about 3,000 sales associates will be impacted, or about three to four per Macy’s and Bloomingdale’s location. The company believes half of the affected store associates […]

  • Walmart Layoffs

    Wal-Mart Is Preparing To Cut 500 Corporate Jobs

    Wal-Mart is said to be preparing a round of layoffs that could be announced as early as Friday. According to the rumor, the layoffs will affect hundreds of employees at its Bentonville, Arkansas, headquarters. A company snoop says human resources has reserved most of the meeting rooms at the company’s headquarters, as well as small […]

  • Boeing Satellite Division

    Boeing Satellite Division May Cut ‘Several Hundred’ Jobs In 2015

    Boeing on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015. The cuts are expected because of a downturn in U.S. military spending and delays in commercial satellite orders. The company notes that recent launch failures and uncertainty about the […]

  • Heinz And Kraft Cutting Jobs

    Kraft Heinz Is Axing 2,500 Jobs In The U.S. And Canada

    The Kraft Heinz Company has announced plans to cut 2,500 jobs as part of its broad-reaching restructuring plan. The job cuts affect workers in the United States and Canada. The company’s agreed to restructure their operations after completing a massive $46-billion merger of ketchup maker H.J. Heinz with Kraft Foods. 700 jobs will be cut […]