layoffs

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Things Aren't Going Well for Once-Popular App Yik Yak

The company laid off 60% of its employees Thursday

(Newser) - Yik Yak collapse. The Verge reports the once-popular college social-networking app that had visions of rivaling Facebook laid off 60% of its employees Thursday. The layoffs affected 30 employees largely from Yik Yak's community, marketing, design, and product teams. "I didn't know that it was going to...

GM Laying Off 2K Due to Change in How We Buy Cars

Factories cut shifts amid falling demand

(Newser) - Shifting demand from cars to trucks and SUVs is forcing General Motors to lay off more than 2,000 workers indefinitely at two assembly plants in Ohio and Michigan starting in January. The company said Wednesday it will suspend the third shifts at factories in Lordstown, Ohio, and in Lansing,...

Twitter Is Laying Off 9% of Its Workers

Approximately 350 people will be out of work

(Newser) - Twitter, seemingly unable to find a buyer and losing money, is cutting about 9% of its 3,860 employees worldwide, reports the AP . Twitter Inc., which has struggled amid competition from the likes of Facebook, Snapchat, and Instagram, said Thursday that it expects to book about $10 million to $20...

There's a New Theory on Weeding Out Bad Workers

Kimberly-Clark, long a bastion of entrenched workers, turns to continuous feedback

(Newser) - It used to be that landing a job at Kimberly-Clark meant keeping it for life. Even low-performing employees rarely worried about their future at the US company, where salaries were higher than the usual and layoffs rare, the Wall Street Journal reports. “A lot of people could and would...

Layoffs Could Mean Smartwatches Are Running Out of Time

Pebble is letting 25% of its workforce go

(Newser) - Is the smartwatch's time already over? Tech Insider reports Pebble—one of the first companies to release a smartwatch—is laying off 40 employees, about 25% of its total staff. Pebble raised $26 million this year, in addition to the $30 million it has raised on Kickstarter since its...

Report: China Will Lay Off Up to 6M Workers

'Beijing's boldest retrenchment program in almost two decades': Reuters

(Newser) - With an eye on curbing industrial overcapacity and pollution, China is planning to lay off state workers—millions of them. The Daily Times reports 1.8 million workers, or 15% of the workforce, will be laid off in the coal and steel industries. However, two sources with ties to the...

Twitter Announces Mass Layoffs

Approximately 8% of workforce will be let go

(Newser) - Struggling with user growth and profitability, Twitter is getting rid of nearly two-and-a-half tweets worth of employees, the social media company announced Tuesday. Business Insider reports Twitter will be laying off 336 employees—about 8% of its workforce—largely from the engineering department. "We feel strongly that engineering will...

Microsoft Slashing More Jobs Over Phone Fail

Windows Phone can't keep up with Apple's iPhone

(Newser) - More bad news for Microsoft: The company says it will cut 7,800 jobs more and take a $7.6 billion impairment charge to restructure its flagging phone hardware business. Microsoft paid $7.3 billion for Nokia's phone business in April 2014 in an effort to focus on mobile...

One-Third of Blue Bell Workers Losing Jobs

Recall means 1,450 full- and part-time employees will be out of work

(Newser) - Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products. The company, whose production plants remain closed, said 750 full-time employees and 700 part-time workers are losing...

Miffed Mom of Fired Critic Cancels USA Today Subscription

Mother of laid-off journalist gives subscription department a piece of her mind

(Newser) - USA Today canned about 70 employees on Wednesday, including film critic Scott Bowles, who had been with the paper for 17 years, reports the New York Times . Bowles says there's no proof, but he believes he was fired—right after returning from the memorial service for his dad, Detroit ...

Bus Drivers Crucify Themselves to Get Jobs Back

Paraguayan men, some wives refuse to budge until all jobs restored

(Newser) - A group of bus drivers in Paraguay is going to extreme measures to get back the jobs they lost: They crucified themselves—three weeks ago, reports the BBC . The men (some media reports say five, other say eight) used 15-inch nails to affix their hands to crosses that have been...

Mass Layoffs Backfired in JCPenney Overhaul

Slashing headcount wasn't one of Ron Johnson's better ideas

(Newser) - Of all the missteps that led to the plunge in sales at JCPenney and the exit of CEO Ron Johnson , the mass layoffs Johnson instigated may have been the most damaging, the Wall Street Journal reports. The firm's average 150,000 full- and part-time workers had been gutted to...

Barclays Slashing 3.7K Jobs
 Barclays Slashing 3.7K Jobs 
Feb 12, 2013 3:18 AM CST

Barclays Slashing 3.7K Jobs

Bank plans major overhaul

(Newser) - Barclays is set to cut some 3,700 jobs amid an operations overhaul, it announced today. Coming out of a strategic review, the company is looking to cut costs by some $2.7 billion, the BBC reports. Nearly half the job cuts will occur at Barclays' investment bank, mostly in...

American Airlines Warns 11K of Possible Layoffs

But company expects only a third of those to lose jobs

(Newser) - American Airlines is sending layoff warning notices to more than 11,000 employees, although a spokesman says the company expects job losses to be closer to 4,400. The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring. American...

Bank Fires Worker Over Minor Offense 49 Years Ago

Wells Fargo cans 68-year-old over use of phony dime in laundromat

(Newser) - In the past year and a half, the federal government enforced tough new rules against banks and mortgage-lenders, designed to eliminate executives and mid-level employees with prior convictions for serious offenses such as fraud. But the banks, eager to avoid the $1-million-a-day fines, are firing even low-level workers over minor...

Jay Leno Takes Big Pay Cut
 Jay Leno Takes 
 Big Pay Cut 
Aug 18, 2012 1:15 PM CDT

Jay Leno Takes Big Pay Cut

He did it to save jobs; about 20 got laid off: Deadline Hollywood

(Newser) - Jay Leno has long said he lives off his standup money and takes the millions he gets paid for hosting the Tonight Show and sticks it right in the bank. So the news that Nikki Finke at Deadline Hollywood broke last night might not sting quite as much for him:...

Google to Shed 4K Motorola Workers

That's 20% of Motorola Mobility workforce; third of offices closing

(Newser) - After acquiring Motorola Mobility for $12.5 billion this year, Google is slicing off a fifth of its workforce, laying off 4,000 workers, the company has confirmed. Two-thirds of the 4,000 cuts will occur outside the US; Google is also shutting down up to a third of the...

Canned Obese Employee Sues, Gets $55K

680-pound Ronald Kratz II says he was fired for being fat

(Newser) - When 680-pound Ronald Kratz II got fired from his job, he was pretty sure it was for being too fat. Now his old company is giving him $55,000 and six months of outplacement services in a legal settlement, reports the Houston Chronicle . With the help of the US Equal...

Best Buy Cans 650 Geek Squad Employees

Company says it's 'evolving in-home support'

(Newser) - Best Buy is axing 650 members of its Geek Squad, the group of repair specialists that travels to people's homes to fix their electronics. The retailer isn't doing away with its repair service entirely, though; those getting the boot will be Geeks who serviced appliances and televisions. "...

Times-Picayune Lays Off Half of Newsroom Staff

200 workers get the ax, plus 400 at sister papers

(Newser) - New Orleans' venerable Times-Picayune has laid off nearly half of its newsroom staff—and a third of its total workforce—just weeks after the paper announced it's cutting print publication to three days a week. More than 200 staffers—including 84 of 173 newsroom workers—were given notice yesterday...

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