Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
Category: Layoffs and Job Reductions
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G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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Paramount to Lay Off 2,000 Employees
The job cuts are the result of a merger with Skydance, the Hollywood studio founded by David Ellison.
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U.S. Manufacturing’s Mixed Picture in 4 Charts
President Trump vowed to bring factories back. Is he succeeding?
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UPS Has Already Cut 48,000 Workers This Year
The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
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Hollywood Weeps as Warner Bros. Hangs a Sale Sign
Losing the stand-alone studio, suddenly a real possibility, would be “heartbreaking,” one producer said.
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Target to Cut 1,800 Corporate Jobs in Efficiency Drive
The retail chain’s incoming chief executive, who will take over in February, cited “too many layers and overlapping work” in a memo.
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U.S. Health Workers Recalled From Shutdown Furlough for Medicare, A.C.A. Enrollments
A federal agency said its employees would return on Monday, with the costs paid by user fees collected from researchers.
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Financial Assistance Options for Federal Employees During the Government Shutdown
Some banks are offering a pause on payments on certain loans, waiving late fees and providing no-interest loans.
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Oil Prices Dropped 19%, Helping Drivers, but Squeezing the Industry
Oil prices have fallen sharply this year as global supply remains strong and demand has been slow to grow.
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Bird Flu Is Back
After a quiet summer, the virus is hitting poultry flocks hard in the run-up to the holidays — and in the midst of a federal government shutdown.