United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts.
International Paper is ending jobs for about 1,100 workers on Georgia's coast. The Tennessee-based paper industry giant said today its container board mills in Savannah and Riceboro and its packaging facility in Savannah will close by the end of September.
International Paper, a longtime pillar of Coastal Georgia’s economy, announced Thursday that it will permanently close its Savannah and Riceboro plants by the end of September and cut some 1,100 hourly and salaried jobs.
The State Department is slashing hundreds of jobs in what's being called its biggest shake-up in decades — drawing sharp criticism from former diplomats who say the cuts risk gutting America's diplomatic muscle.
Autoworkers are on strike at General Motors, Ford and Stellantis, an unprecedented move by the United Auto Workers union. Already, there are ripple effects.
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.
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.
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.
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.