America Closed News Desk

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…)

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…)