Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that saw cost-conscious customers bypass its higher-priced products.
El Segundo, California-based Beyond Meat said its revenue fell 1.6% to $147 million.
NEW YORK (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.
NEW YORK (AP) — Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion.
There has been a wave of layoffs or cutbacks in the tech sector with Wall Street distancing itself from some of the fast-growth companies that flourished over the past two years.
Twitter is telling its employees that it's not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle over the potential sale to Elon Musk.
WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months.
WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months.
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures.
Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday.
BELGRADE, Serbia (AP) — Dozens of Serbian car factory workers on Wednesday blocked a key motorway in the capital Belgrade to protest layoff and relocation plans.
The workers traveled from the central town of Kragujevac, where the plant is located, to Belgrade, saying they wanted better severance deals for employees who are to lose their jobs or get transferred to other factories in Europe.
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve has just made borrowing even costlier. And the economy actually shrank in the first three months of this year.
SEATTLE (AP) — Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.
NEW YORK (AP) — More than 1,250 Thai workers who sewed bras for brands Victoria’s Secret, Lane Bryant and Torrid — and who were laid off last year without their legally required severance — have received 281 million baht ($8.3 million) in compensation, according to worker rights groups Solidarity Center and the Worker Rights Consortium.
DETROIT (AP) — Online automotive retailer Carvana Co. says it's letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales.
The Phoenix company said in a regulatory filing Tuesday that its executive team is giving up salaries for the rest of the year to help fund severance pay for the workers.
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.
LAKE CHARLES, La. (AP) — Northrop Grumman is laying off 120 workers in Lake Charles, the company confirms.
Northrop Grumman spokesman Jared Krull said the company notified the employees Tuesday that May 5 will be their last day, KPLC-TV reported.
WASHINGTON (AP) — Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve plan to do something about it: Take it down a notch.
CHARLESTON, S.C. (AP) — Sharply increasing fuel costs have led state-owned utility Santee Cooper to cut $100 million from its budget since it can't increase electricity rates on its customers for three more years after its role in the failed building of two nuclear reactors.
DARIEN, Conn. (AP) — An administrative law judge for the National Labor Relations Board has ruled that the owner of a Connecticut McDonald's franchise violated labor laws by failing to return four union organizers to their jobs after a pandemic-related layoff.
RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is reversing a decision by his administration's health commissioner to lay off 14 state employees who monitor drinking water, the governor's press secretary said Saturday.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession.
Jobless claims rose by 18,000 to a 206,000, still low by historical standards.
GREENCASTLE, Ind. (AP) — More than 100 jobs are being cut at a western Indiana auto parts factory in its second round of significant layoffs this year.
International Automotive Components has notified state officials that it will permanently cut 125 jobs at its Greencastle factory with layoffs during December.
ALBANY, N.Y. (AP) — Workers facing layoffs in New York state now have a right to ask their employers instead to trim all workers' hours and have unemployment insurance help offset the losses for everyone, under a law that Gov.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers.
BRUNSWICK, Maine (AP) — A Maine program that lets state employers reduce worker hours instead of laying workers off entirely has been a "phenomenal tool" during the pandemic, U.S. Labor Secretary Marty Walsh said Tuesday.
WASHINGTON (AP) — The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that the spread of the delta variant may have slightly increased layoffs.
STATESBORO, Ga. (AP) — A Minnesota company that makes glass panels for building exteriors will close its Georgia plant as part of a larger corporate reorganization.
Minneapolis-based Apogee Enterprises announced Wednesday that it will close its Viracon plant in Statesboro, laying off about 190 employees.
MOSCOW (AP) — The United States said Friday it has laid off nearly 200 local staffers working for its diplomatic missions in Russia ahead of an Aug. 1 deadline set by the Kremlin for their dismissal.
AUGUSTA, Maine (AP) — A Maine company that’s one of two major producers of COVID-19 testing swabs has extended a furlough for 180 employees.
The three-week furlough extension at Puritan Medical Products' manufacturing plant in Pittston was announced Thursday as the company works to finalize orders from the federal government for additional products.
WESTBROOK, Maine (AP) — A company that makes COVID-19 testing kits is laying off as many as 400 workers at two locations in Maine because of a decline in demand.
About 300 Abbott Laboratories workers will be laid off in Westbrook, the mayor told WMTW-TV.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving.
The Labor Department said Thursday that jobless claims fell just 7,000 from the previous week to 411,000.
DECATUR, Ind. (AP) — An ice cream producer has notified the state it will close a northeastern Indiana plant by the end of the year, eliminating 156 full-time and 20 temporary jobs.
DFA Dairy Brands Ice Cream plans the first of several job cuts to occur on Sept.
WASHINGTON (AP) — Hiring in the United States picked up in May yet was slowed again by the struggles of many companies to find enough workers to keep up with the economy's swift recovery from the pandemic recession.
WASHINGTON (AP) — The American job market is in an odd place.
Consider that in May, employers added 559,000 jobs. In ordinary times, that would amount to a blockbuster burst of hiring for one month, and the response would be an outpouring of cheers.
PROVIDENCE, R.I. (AP) — A Rhode Island factory once praised by former President Donald Trump for ramping up production of N95 face masks in the early days of the pandemic is laying off nearly 500 workers as the pandemic eases and demand for the face coverings wanes.
WARSAW, Poland (AP) — Poland's government on Monday defied an injunction by the top European Union court that ordered the immediate closure of a major brown coal mine, with officials saying it would shake the nation’s energy system and lead to the layoff of thousands of employees.
BELVIDERE, Ill. (AP) — Some 1,600 jobs are being cut at a Jeep Cherokee factory in northern Illinois as automakers continue being plagued by the global shortage of semiconductors.
The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26.
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
WASHINGTON (AP) — Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses...
WASHINGTON (AP) — The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the strength of an improving job market...
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy...
HONOLULU (AP) — Hawaii's largest labor union has filed a grievance over recent layoffs by the Honolulu Authority for Rapid Transportation, which is building a delayed and beleaguered commuter rail line project...
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 770,000, a sign that layoffs remain high even as much of the U...
WASHINGTON (AP) — Companies posted more open jobs in January while layoffs decreased as the economy heals slowly from the pandemic...
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improving economy...
The global Christian ministry founded by the late Ravi Zacharias said Wednesday it will suspend fundraising, lay off 60% of its staff and overhaul its mission in the wake of revelations that he engaged in sexual misconduct with massage therapists and carried on many amorous extramarital relationships via texts and email...
NEW YORK (AP) — Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost...
NORTH ADAMS, Mass. (AP) — Workers at a Massachusetts museum, citing job insecurity, low pay, and layoffs during the pandemic, have announced plans to vote on whether to form a union...
WASHINGTON (AP) — The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving...
Here's what's happening Wednesday with the coronavirus pandemic in the U.S.:
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media...