Category: Layoffs and Job Reductions

Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force

The New York Times – Business:
The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling engagement.
Paramount Closes Its Deal for Warner Bros. Discovery

The New York Times – Business:
After a legal battle, Paramount has finally acquired Warner Bros. Discovery. The new company, Skydance, combines Hollywood studios, streaming services and cable networks.
BrooklynVegan Went From Indie Rock Blog to Ghost Site

The New York Times – Music:
It started as an internet outpost for die-hard music fans. Then came success. Then came corporate ownership.
Starbucks to Close 250 Stores in the US

The New York Times – Business:
The company said the affected cafes did not meet financial or customer service expectations.
What to Do If You’re Laid Off and Too Young for Medicare

The New York Times – Business:
At best, older, laid-off workers will struggle to find health insurance that bridges the years before they qualify for Medicare at age 65.
The $15,000 Settlement That Destroyed My Father’s Life

The New York Times – On the Runway:
A 35-foot fall didn’t kill Michael Wagner. The nearly 18-year failure of the safety net did. Before he died, he recorded 694 videos explaining how.
Federal Employees Were Paid $9.5 Billion Not to Work in 2025 Under DOGE Effort

The New York Times – On the Runway:
As part of the Department of Government Efficiency’s program to shrink the federal work force, paid administrative leave costs rose by 435 percent.
Defense Hiring Will Ease, Not End, Pain in European Car Industry

The New York Times – Business:
An agreement to turn an ailing Volkswagen factory into a defense manufacturing hub offers hope for jobs. But a shift from “family vans to tanks” in Germany is not so simple.
McClatchy Makes Deep Job Cuts to Newspapers Around the Country

The New York Times – Business:
The owner of The Miami Herald said subscriber interest did not support its current level of investment. One employee called the layoffs a “blood bath.”
Dear A.I. Companies: This Is Why America Hates You (and What You Can Do About It)

The New York Times – On the Runway:
We won’t get fooled again.
Will a Turnaround Plan Revive Volkswagen or Merely Delay Its Demise?

The New York Times – Business:
The beleaguered auto giant reached a deal with unions to cut tens of thousands of jobs and slash production. Is it enough to revive an iconic German company?
Volkswagen Plans to Cut 50,000 Jobs

The New York Times – Business:
Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.