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News Articles: job cuts

United Auto Workers President Shawn Fain marches with UAW members through downtown Detroit on Friday after a rally in support of UAW members as they strike against the automakers Ford, General Motors and Stellantis.

Tagged as: 

  • Business

UAW strike, Day 4: GM threatens to send 2,000 workers home, Ford cuts 600 jobs

Autoworkers are on strike at General Motors, Ford and Stellantis, an unprecedented move by the United Auto Workers union. Already, there are ripple effects.

September 18, 2023
|
By:
  • Andrea Hsu

Tagged as: 

  • News

Jobs often held by women are more vulnerable to AI replacement, study says

A recent study by McKinsey finds women are one and a half times more likely to be impacted by artificial intelligence job replacement.

August 10, 2023
|
By:
  • Sarah Kallis
The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange on Aug. 8, 2017, in New York.

Tagged as: 

  • Media

ESPN announces layoffs as part of Disney's moves to cut costs

ESPN was not part of the first phase of Disney reductions. Besides this week's layoffs, another round of job cuts will take place by the start of summer. Both phases impact off-air employees.

April 25, 2023
|
By:
  • The Associated Press
NPR will cut 10% of its workforce, CEO John Lansing said Wednesday. Lansing blamed a slowdown in advertising dollars.

Tagged as: 

  • Media

With layoffs, NPR becomes latest media outlet to cut jobs

NPR must lay off 10% of its workforce to address an advertising shortfall of about $30 million, CEO John Lansing says. Lansing says marketers are nervous about the economy.

February 23, 2023
|
By:
  • David Folkenflik
Unemployment tends to rise in January, historically one of the busiest months for layoffs.

Tagged as: 

  • Your Money

January is often a big month for layoffs. Here's what to do in a worst case scenario

From calling creditors to announcing your job loss on social media, a solid game plan can make a layoff sting a lot less.

January 03, 2023
|
By:
  • Arezou Rezvani
In this Feb. 27, 2020, file photo, the DoorDash app is shown on a smartphone in New York. DoorDash is cutting more than 1,200 corporate jobs, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.

Tagged as: 

  • Business

DoorDash cuts 1,250 jobs after pandemic hiring surge

The decision by the online food delivery platform to eliminate about 6% of its workforce is the latest of several companies to recently announce job cuts recently, including Twitter and Amazon.

December 01, 2022
|
By:
  • The Associated Press
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff.

Tagged as: 

  • Business

Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

August 02, 2022
|
By:
  • David Gura

Tagged as: 

  • Business

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

June 29, 2022
|
By:
  • David Gura

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