The layoffs represent the biggest newsroom reduction since the biotech billionaire Patrick Soon-Shiong bought the company in 2018.
Category: Layoffs and Job Reductions
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Tensions Erupt at Los Angeles Times as Owner Weighs Deep Cuts
The biggest news organization on the West Coast has been roiled by the potential layoffs of roughly 100 newsroom employees.
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The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?
Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
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Sports Illustrated Thrown Into Chaos With Mass Layoffs
The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.
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Britain’s Largest Steel Mill to Become Greener, at a Cost of Jobs
Tata Steel said it would replace blast furnaces with an electric furnace, a move that will cut emissions but also as many as 2,800 jobs.
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Macy’s Plans to Cut 2,350 Jobs and Close 5 Stores
The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.
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YouTube Cuts 100 Employees as Tech Layoffs Continue
The layoffs are part of efforts by the video platform’s parent company, Google, to trim costs and bureaucracy as it embraces artificial intelligence.
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California Has Dealt a Blow to Renewable Energy, Some Businesses Say
Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
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Google Cuts Hundreds of Jobs in Engineering and Other Divisions
The company, which has been working to trim expenses, laid off employees who worked on core engineering, the Google Assistant product and hardware such as the Pixel phone.
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Brisk Wage Gains in December Could Keep the Fed Watchful
Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.
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The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits
The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
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Xerox to Cut 15% of Its Work Force in the First Quarter of 2024
The move is the printer maker’s latest as it tries to shift more toward its business services offerings.