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.
Category: Layoffs and Job Reductions
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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.
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The Messenger Plans Layoffs Amid Hunt for Cash
The company, an aggressive entrant to the digital news space, is expected to cut roughly two-dozen employees this week.
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Cheddar, the ‘CNBC for Millennials,’ Furloughs Workers
The “post-cable” news network said “unforeseen internal and external factors” caused the sudden work stoppage.
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The Eugene Weekly Halts Publication After Employee’s Embezzlement
The Eugene Weekly had to lay off its entire 10-person staff after it uncovered years of theft by an employee, the editor said.
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
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Hasbro to Cut 1,100 Jobs as Weak Toy Sales Persist
The announcement that the toymaker was eliminating nearly 17 percent of its work force came during the critical holiday shopping season.