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March 7, 2021

layoffs

10-year Treasury yield jumps to new high for the year of 1.62% after strong jobs report

CNBC
CNBC – For more and to sign up click here The 10-year U.S. Treasury yield jumped on Friday after the February jobs report topped expectations, sending the benchmark yield to its highest level this year. The yield on the 10-year Treasury note was trading at 1.617% at 8:40 a.m. ET,......

Volkswagen’s Skoda says to cut 2% of admin jobs in 2021

Reuters
FILE PHOTO: A Skoda logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt PRAGUE (Reuters) – Volkswagen’s Skoda Auto aims to cut 2% of administrative jobs in the Czech Republic in 2021 by not replacing staff who leave rather than through......

ExxonMobil to cut 7% of its workforce in Singapore

Reuters
FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai (Reuters) – Exxon Mobil said on Tuesday it will cut about 7% of its workforce at its Singapore affiliate as “unprecedented market......

Best Buy gives pandemic-related bonuses to employees amid company layoffs

CNBC
CNBC – For more and to sign up click here People wear protective face masks outside Best Buy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty......

Marathon Oil confirms layoffs amid ongoing cost cuts

Reuters
Feb 11 (Reuters) – U.S. oil and gas producer Marathon Oil Corp has laid off employees and cut its U.S. organizational footprint, a company spokeswoman told Reuters, days after it reduced salaries for top executives and board members. The company did not disclose how many employees were impacted by the......

One-third of small business owners say $15 minimum wage will result in layoffs: Survey

CNBC
CNBC – For more and to sign up click here Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images One third of small business owners say they’ll likely lay off workers......

United Airlines warns thousands of employees that their jobs are again at risk, labor unions seek more government aid

CNBC
CNBC – For more and to sign up click here A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters United Airlines said the jobs of roughly 14,000 employees are at risk when a second round......

Westlake-based Hyland Software Lays Off Nearly 150 Employees, Outsourcing Jobs to India, Poland

ClevelandScene
click to enlarge Westlake-based Hyland Software, a perennial “top workplace” in Northeast Ohio, has laid off nearly 150 employees in its product delivery department. The mass axing “came out of left field,” according to a former employee, and was communicated to unsuspecting remote workers in a pre-recorded Zoom message Wednesday......

Still no stimulus check? Biden executive order aims to speed up payments for 8 million people

CNBC
CNBC – For more and to sign up click here Image Source | DigitalVision | Getty Images As President Joe Biden advocates for sending additional stimulus checks to millions of Americans, he is also moving help those who missed out on earlier payments. On Friday, Biden issued an executive order......

AT&T to cut Slovakia workforce, unions expect 300 jobs to go

Reuters
FILE PHOTO: The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid PRAGUE (Reuters) – AT&T plans to cut its workforce in Slovakia as the COVID-19 pandemic hits customer demand, the......

Biden wants to increase stimulus checks to $2,000. Here’s what we know about those payments

CNBC
CNBC – For more and to sign up click here U.S. President-elect Joe Biden at a drive-in rally in Atlanta on Jan. 4, 2021. Jonathan Ernst | Reuters The push for $2,000 stimulus checks just got stronger. President-elect Joe Biden unveiled his stimulus plan in a speech on Thursday night......

Dropbox to layoff 11% of its workforce, COO to step down

Reuters
FILE PHOTO: The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration (Reuters) – File hosting service provider Dropbox Inc said on Wednesday it will layoff 11% of its global workforce to streamline in line with its business priorities. Chief Operating Officer......

National Association of Black Journalists Gives Cleveland.com/PD Annual Thumbs Down Award for Layoffs That Drove Minority Exodus

ClevelandScene
click to enlarge The National Association of Black Journalists today bestowed Cleveland.com/Plain Dealer/Advance Local with one of its annual Thumbs Down Awards. This was not, naturally, an award they applied for but it is nevertheless one that Editor Chris Quinn and Advance will now own. The criteria for this dubious......

Head of U.S.’ largest transit system on COVID-19 pandemic’s impact

CBS News
CBS News – For more and to sign up click here Since COVID-19 hit, U.S. public transportation has been struggling. Budget shortfalls are expected to be as high as $38 billion nationwide, and while the industry employs more than 400,000 people, many transit systems are now bracing for potential layoffs......

Disney to lay off 4,000 more employees than it initially reported

WashingtonExaminer
USA TODAY – For more and to sign up click here The Walt Disney Co. is planning to layoff about 4,000 more employees than it initially reported to the federal government because of the ongoing COVID-19 pandemic. In total, the company expects to layoff 32,000 employees in the upcoming months,......

Disney to lay off about 32,000 workers in first half of 2021

Reuters
FILE PHOTO: A general view of the entrance of Disneyland theme park in Anaheim, California, U.S., March 13, 2020. REUTERS/Mario Anzuoni/File Photo (Reuters) – Walt Disney Co said on Wednesday it would lay off 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September,......

M.L.S. Layoffs Cut League’s Staff by 20 Percent

New York Times
Kevin Draper Major League Soccer reduced its work force by about 20 percent on Thursday through a combination of layoffs and the elimination of open positions, yet another sign of the punishing financial effect the coronavirus pandemic is having on professional sports. Most of the league’s employees, besides those in......

World Series champ Dodgers latest to have layoffs

ESPN
The Los Angeles Dodgers are among the latest baseball teams to implement layoffs as MLB faces the possibility of a second season with limited fan access amid the COVID-19 pandemic. The team informed employees throughout the franchise of layoffs on Wednesday. The Houston Astros, Chicago Cubs and Boston Red Sox......

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