TUPELO, Miss. (AP) — A Mississippi-based company that had become one of the largest furniture businesses in the country has laid off nearly its entire workforce.
Approximately 2,700 workers, most of whom live in northeast Mississippi, lost their jobs Monday, according to the Northeast Mississippi Daily Journal.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards.
The Labor Department reported Wednesday that 240,000 people applied for jobless aid last week, up by 17,000 from the week before.
SACRAMENTO, Calif. (AP) — California said Friday it had recovered all of the 2.7 million jobs it lost at the start of the pandemic, a moment that normally would celebrate the end of a downturn but instead was tempered by signs of a wobbly economy amid layoffs in the state's historically strong tech industry.
NEW YORK (AP) — The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday.
WASHINGTON (AP) — The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve's rapid interest rate hikes this year intended to bring down inflation and tighten the labor market.
NEW YORK (AP) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.
On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers.
LAFAYETTE, La. (AP) — An energy company is laying off 135 employees at a Louisiana office and various offshore locations.
Lafayette news outlets report that Houston, Texas-based QuarterNorth Energy made public its layoff plans for the Lafayette office and the offshore locations in a notice to the Louisiana Workforce Commission.
WASHINGTON (AP) — Embattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes.
WASHINGTON (AP) —
The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housing and technology.
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
WASHINGTON (AP) — Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation.
Twitter is struggling to respond to political misinformation and other harmful posts on the social media platform after Elon Musk fired roughly half of its workforce just days before the U.S.
Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and its ability to fight disinformation just days ahead of the U.S.
WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation.
WASHINGTON (AP) — The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy.
WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the economy and tamp down inflation.
Applications for unemployment benefits for the week ending Sept.
WASHINGTON (AP) —
Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S. economy.
Applications for jobless aid for the week ending Aug.
WASHINGTON (AP) — The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite a weakening economy and high inflation.
MINNEAPOLIS (AP) — When Minneapolis teachers settled a 14-day strike in March, they celebrated a groundbreaking provision in their new contract that was meant to shield teachers of color from seniority-based layoffs and help ensure that students from racial minorities have teachers who look like them.
Newspaper publisher Gannett Co. confirmed Friday that it's laying off some of its newsroom staff, part of a cost-cutting effort to lower expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions.
Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that saw cost-conscious customers bypass its higher-priced products.
El Segundo, California-based Beyond Meat said its revenue fell 1.6% to $147 million.
NEW YORK (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.
NEW YORK (AP) — Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion.
There has been a wave of layoffs or cutbacks in the tech sector with Wall Street distancing itself from some of the fast-growth companies that flourished over the past two years.
Twitter is telling its employees that it's not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle over the potential sale to Elon Musk.
WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months.
WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months.
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures.
Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday.
BELGRADE, Serbia (AP) — Dozens of Serbian car factory workers on Wednesday blocked a key motorway in the capital Belgrade to protest layoff and relocation plans.
The workers traveled from the central town of Kragujevac, where the plant is located, to Belgrade, saying they wanted better severance deals for employees who are to lose their jobs or get transferred to other factories in Europe.
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve has just made borrowing even costlier. And the economy actually shrank in the first three months of this year.
SEATTLE (AP) — Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.
NEW YORK (AP) — More than 1,250 Thai workers who sewed bras for brands Victoria’s Secret, Lane Bryant and Torrid — and who were laid off last year without their legally required severance — have received 281 million baht ($8.3 million) in compensation, according to worker rights groups Solidarity Center and the Worker Rights Consortium.
DETROIT (AP) — Online automotive retailer Carvana Co. says it's letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales.
The Phoenix company said in a regulatory filing Tuesday that its executive team is giving up salaries for the rest of the year to help fund severance pay for the workers.
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.
LAKE CHARLES, La. (AP) — Northrop Grumman is laying off 120 workers in Lake Charles, the company confirms.
Northrop Grumman spokesman Jared Krull said the company notified the employees Tuesday that May 5 will be their last day, KPLC-TV reported.
WASHINGTON (AP) — Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve plan to do something about it: Take it down a notch.
CHARLESTON, S.C. (AP) — Sharply increasing fuel costs have led state-owned utility Santee Cooper to cut $100 million from its budget since it can't increase electricity rates on its customers for three more years after its role in the failed building of two nuclear reactors.
TERRE HAUTE, Ind. (AP) — A western Indiana disc plant has told the state it's laying off 375 workers there beginning in March.
Sony DADC US Inc. notified the Indiana Department of Workforce Development on Wednesday it will outsource the music and video disc manufacturing currently performed at its Terre Haute plant.