Boeing Will Lay Off Over 2,500 Workers Amid Turnaround Effort

The job cuts, part of a 17,000-strong employee reduction, will hit workers in Washington, Oregon, South Carolina and Missouri.

Business - Inc. - 5 hours ago

Nissan to lay off thousands of workers as sales drop

The Japanese car making giant has not yet said where in its global operations the job cuts will be made.

Kraken Lays Off 15% of Workers and Names Arjun Sethi New Co-CEO

The influential cryptocurrency exchange has undergone several reorganizations in recent years.

Business - The New York Times - October 30

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Business - CNBC - November 6

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Enphase to lay off workers and end some operations in Mexico

Microinverter maker Enphase aims to “better align its workforce” with its business needs and will incur in up to $20 million in charges related to a restructuring.

Business - MarketWatch - November 8

DNA-testing site 23andMe to lay off 40% of its workers

The once-popular general DNA-testing firm holds a trove of sensitive genetic data from its customers.

GM lays off 1,000 employees amid reorganization, cost-cutting

The layoffs, which were announced Friday morning via email to those impacted, were across the business.

Business - CNBC - 4 days ago

GM lays off 1,000 employees amid reorganization and cost-cutting

General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the ...

Alitalia will lay off over 2,000 remaining employees as liquidation nears

World - Yahoo News - November 10

Alitalia will lay off over 2,000 remaining employees as liquidation nears

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees

World - ABC News - November 10

Volkswagen to close three German factories and lay off thousands of workers, employees say

Volkswagen, Europe’s largest car manufacturer, is planning to permanently shrink the size of its German operations.

Business - MarketWatch - October 28

Burberry Ramps Up Turnaround in Effort to Revive Brand

The luxury group said it was taking steps to cut costs and change its pricing strategy, after it slid to a first-half loss on sharply lower sales.

Business - The Wall Street Journal - 5 days ago

Motion picture academy lays off staff at archive and library amid broader restructuring

The Academy of Motion Picture Arts and Sciences is restructuring its archive and library, cutting 16 staff members as part of a strategic effort to consolidate preservation efforts.

Entertainment - Los Angeles Times - October 31

Advance Auto Parts Closing Hundreds of Stores in Turnaround Effort

More than 200 franchises will shutter, as well as more than 500 corporate stores as the chain retrenches in the face of ongoing losses.

Business - Inc. - 4 days ago

Boeing Strike Extended After Union Workers Reject New Contract

The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the company makes its best-selling commercial plane.

Top stories - The New York Times - October 24

Boeing Workers to Vote on New Pay Deal

A proposal for a 35 percent wage hike over four years could end a costly strike, even as the aircraft maker hustles to sell planes and raise cash.

Business - Inc. - October 21

Boeing factory workers reject latest contract offer

Vote deals blow to new chief executive’s plan to stabilise business

Business - Financial Times - October 24

Eye Opener: Boeing workers reject contract offer

Boeing workers have rejected another contract offer, extending their strike. Meanwhile, the White House confirms that troops from North Korea have started training with Russian forces. All that and ...

Top stories - CBS News - October 24

Boeing Workers Reject Pay Offer as Strike Continues

Strikers rejected a proposal for a 35 percent pay increase over four years by a nearly two-thirds margin.

Business - Inc. - October 24

Strike continues after Boeing workers reject deal

About 33,000 Boeing machinists remain on strike after they voted to reject a deal their union leadership had reached with the aircraft manufacturing giant. Kris Van Cleave takes a look at why they ...

Top stories - CBS News - October 24

Boeing workers voting on new union contract

Boeing workers are voting on a new union contract Monday that does not include the pension benefits that thousands sought during negotiations. Cody Martin, a Boeing union worker, joins CBS News ...

How will the Fed handle Trump?

Federal Reserve chair cannot easily prepare for president-elect’s second term but might benefit from being less aggressive

Business - Financial Times - November 12

Former aide Sue Gray rejects Starmer’s job offer

Ex-chief of staff had been lined up for part-time role as link with devolved nations and regions

Business - Financial Times - November 12

23andMe Lays Off 40% of Staff, Shuts Drug Development Business

The genetics company is closing a unit that was once seen as core to its future.

Business - The Wall Street Journal - November 11

23andMe to lay off 40% of its workforce as stock price plummets

The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what ...

AMD to lay off 4% of workforce, or about 1,000 employees

At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.

Business - CNBC - 6 days ago

Boeing workers voting on new contract that could end strike

Boeing workers are voting Wednesday on a new contract to end a six week strike that has cost the company billions. The four-year deal includes a 35% pay hike, a signing bonus and improved health ...

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing strike to continue after workers reject new contract

According to the International Association of Machinists and Aerospace Workers (IAM), 64% of workers voted to reject the new contract.

Striking Boeing workers reject 35% pay rise offer

Earlier, Boeing's boss warned the firm was at a "crossroads" as losses surged to roughly $6bn.

Boeing workers vote to reject deal to end strike, union says

More than 30,000 workers at the troubled aviation company represented by the union began striking in mid-September. Boeing workers have rejected the latest offer to end the more than a month-long ...

World - The Guardian - October 24

Striking Boeing workers reject latest contract offer, work stoppage continues

Over 30,000 Boeing workers will remain on the picket line after voting no on the company's latest contract offer, extending their strike to 42 days. CBS News senior transportation correspondent ...

Top stories - CBS News - October 24

Boeing workers vote to reject company offer, continuing the strike

Striking Boeing workers voted to reject the company's latest contract proposal, in a major setback for Boeing that could also have implications on the U.S. economy. The rejected deal called for a ...

Top stories - CBS News - October 24

Why Boeing workers rejected latest union contract offer

Striking Boeing workers rejected a contract offer that would have provided a pay raise and some improvements to benefits because it did not include a pension, a deal-breaker for many. CBS News' ...

Top stories - CBS News - October 24

Latest in Boeing Will Lay Off Over 2,500 Workers Amid Turnaround Effort