layoffs
Walgreens could shutter over 2K stores as sales plunge amid stubborn inflation
Walgreens announced it will be cutting its profit forecast for the fiscal 2024 year and closing more stores across the US in its latest attempt to deal with a "difficult...
Paramount Global set to ax more employees after 'unacceptable' profit drop
The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.
Tesla has cut 14% of workforce since start of 2024 -- laying off more than 19,000 employees
As of Friday, Tesla's internal email list numbered 121,000 people -- down from a global workforce of 140,473 as of Dec. 31 of last year.
More companies announce bankruptcies and closures, citing inflation as almost 3,200 stores face shuttering in 2024: poll
Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research, a 24% increase from 2023.
Gen Zer's shocking move after losing her job
Amie Maclaine is fleeing the country after being made redundant from her full-time marketing gig and feeling absolutely liberated.
Google lays off at least 100 workers in cloud unit: report
The layoffs hit a variety of roles on in the cloud division, including staffers on the sales, engineering, operations, consulting and “go-to-market” strategy team.
Starbucks customers outraged over 40-minute waits for coffee amid staffing cuts: 'Unacceptable'
In the last quarter, some 8% of Starbucks customers waited between 15 and 30 minutes for their order.
Disney's Pixar cutting nearly 200 jobs, will focus exclusively on feature films, cut streaming series
Disney CEO Bob Iger has scaled back spending on original streaming content to lift Disney+ to profitability.
Walmart slashing hundreds of corporate jobs, asks remote workers to relocate or quit
Workers at the retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs.
Laid-off Tesla employee had been sleeping in his car, showering at factory to avoid 90-minute commute
During a period last year, Murillo was basically living out of his car in the factory's parking lot during the week to avoid his one-and-a-half-hour commute to and from work...
Tesla has slashed 3,400 job postings across North America --down to just 3
Tesla on Wednesday yanked thousands of open positions in North America from its official careers page, bringing the total number of open roles at the electric vehicle giant down to...
US jobless claims jump to highest level since August in sign of weakening labor market
Initial filings for unemployment benefits in the US climbed to their highest level since August 2023 -- a sign that the robust American labor market is cooling. Initial jobless claims...
Tesla reportedly laying off staff in software, service teams just 1 month after mass firings
Elon Musk's Tesla has been under pressure from dropping sales and an intensifying price war among automakers.
Layoffs at Byron Allen's media company will hit 12% of workforce: sources
The comedian-turned media mogul is undergoing a $100 million cost-cutting initiative, sources said.
Boss of Peloton rival taunts bike maker, says he could do better job than outgoing CEO Barry McCarthy
“Peloton needs someone who knows the industry,” Lou Lentine told The Post. “I’m running the same company but smaller and we are doing the same things every day but better...
Tesla yanks summer internship offers to students amid massive job cutting
One of the students said Tesla informed her via a phone call that she no longer had a summer internship, a development she linked to cost-reduction efforts Tesla recently started.
Peloton CEO steps down, fitness unicorn to slash headcount by 15%
Peloton's chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce. Chief Barry McCarthy told Peloton's roughly 3,500 employees...
Google lays off 200 workers, shifts jobs to Mexico and India in latest restructuring
Google fired around 200 employees and relocated some of the jobs overseas -- the latest sign of a long-running effort by the company to cut costs and restructure itself.
Elon Musk's move to disband Tesla EV charging team blindsides car industry: 'Sharp kick in the pants'
Musk's decision, as reported by The Information, to dismiss the head of the business, Rebecca Tinucci, and most or all of the staff that operated and maintained the system left officials...
Worker forced to kick customers out of store as cafe chain abruptly closes all locations, laying off hundreds on 2 hours' notice
"They didn't give you any warning so you could line up another job so I'd definitely look into suing or see if you do qualify for some coverage."