America Closed News Desk

U.S. Economic Crisis: Job Losses led to Financial Woes, Resulting in Population Declines

U.S. Economic Crisis

The U.S. economic crisis led to many problems in the U.S. in 2017, including unemployment and population loss. According to the U.S. Census Bureau, Puerto Rico, Wyoming, West Virginia, Alaska, and Illinois states observed the maximum decline in their populations. The reasons behind the population decline vary, though two major ones are high death rates (more…)

Weekly Layoffs Update for January 6: Job Cuts at Coca-Cola, Pfizer, Allergan & More

2017 was full of job cuts and layoffs for the U.S. and 2018 starts with the same scenario. The Coca-Cola Co (NYSE:KO) announced an additional 53 layoffs in Atlanta at the start of 2018. Pfizer Inc. (NYSE:PFE) issued three WARN notices regarding New York layoffs. Allergan plc (NYSE:AGN) announced the cutting of over 1,000 jobs across Allergan’s commercial (more…)

Payless Store Closings in 2017: Bankruptcy Led Footwear Retailer to Shut Down About 800 Stores

Payless Store Closings in 2017

American discount footwear retail company Payless ShoeSource Inc., like many other other brick-and-mortar stores, filed for Chapter 11 bankruptcy during 2017. To cope with this situation, the company decided to close around 800 stores over the course of the year, or about 20% of the 4,000 stores it operated. Below is a list of Payless (more…)

Digital Media Layoffs in 2017: BuzzFeed, Mashable & More Cut Jobs as Ad Revenue Declined

digital media layoffs

Digital media company layoffs in 2017 were a part of growing trend. The decrease in ad revenue has led to a reduction in the overall revenue for digital media companies. The dominating bodies of the digital advertising sector, Google—whose parent company is Alphabet Inc (NASDAQ:GOOG)—and Facebook, Inc. (NASDAQ:FB) have been taking the largest share of digital ad dollars. (more…)

Healthcare Layoffs in December 2017: Maximum Job Cuts at Maimonides Medical Center & Detroit Medical Center

December 2017 will end with many layoffs across the healthcare industry in the U.S. Maimonides Medical Center and Detroit Medical Center were affected the most in these job cuts. Maimonides Medical Center has cut about 200 employees as a cost-cutting measure. According to a news report, the repeal of the Affordable Care Act (ACA), also (more…)

Weekly News Update for December 31: Mt. Vernon Restaurant Shut Down, Tucci Benucch to Close in 2018 & More

Weekly News Update for December 31

2017 brought the closings of many restaurants and retail stores in the U.S. Mt. Vernon Restaurant closed after 63 years, which joins the list of Chattanooga restaurant closures in 2017. Another restaurant, Tucci Benucch at the Mall of America, will close its doors in 2018, affecting around 80 employees. Two South Dakota restaurants Bracco World Cafe and Starz Burgers & Sportz Bar, owned (more…)

Retail Industry Woes to Continue in 2018 as Bankruptcies, Store Closures, and Layoffs Expected to Rise

Retail Industry Woes

Amazon.com, Inc. (NASDAQ:AMZN), the e-commerce company, has grown rapidly in the past few years, with its various businesses each having their own value. Its total business is around $995.0 billion, with retail at $600.0 billion, “Amazon Web Services” at $270.0 billion, “Amazon Prime” subscriptions at $70.0 billion, and the advertising section at $55.0 billion. By (more…)

Comcast Layoffs 2017: Restructuring Plan Led to About 400 Job Cuts; Sales Workforce Impacted the Most

Comcast Layoffs 2017

Comcast Layoffs December 2017: Sales Representatives to Be Laid Off in Chicago, IL and Hobart, IN Comcast Corporation (NASDAQ:CMCSA), a global telecommunications conglomerate, laid off about 400 employees in 2017 as a part of its restructuring plan. The company’s warehouse operations and business model has been changing in order to better serve its customers. Worker Adjustment (more…)

New York Restaurant Closings in 2017: High Rent and Labor Costs Led to Closure of About 100 Eateries

New York Restaurant Closings

Outback Steakhouse, Joe’s Crab Shack, Howard Johnson’s and Other Restaurants Closing in New York City Many famous restaurants in New York City have closed in 2017, the chief factor being the cost of running the businesses. Increases in rent and labor costs are making it hard for the restaurants to make money in the city. (more…)