Lord & Taylor LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the Maryland Department of Labor, Licensing and Regulation, affecting 141 employees. Hudson’s Bay Co (TSE:HBC), which owns the luxury Lord & Taylor brand, said the Annapolis, Maryland store will close between April 15 and 28. “Through the regular course of business we (more…)
NerdWallet Conducts 3rd Round of Layoffs in 2017 NerdWallet, Inc. announced that it has laid off 53 employees, which was 11% of its workforce. The privately held San Francisco-based company said that the layoffs were a result of employees not hitting profitability goals. NerdWallet’s revenue has been falling, and the company has been missing its 2017 (more…)
Walt Disney Co (NYSE:DIS) announced 145 Walt Disney Parks and Resorts layoffs amid restructuring at the company. The amusement park giant reported lackluster fourth-quarter earnings. While the theme park division did well, the rest of the company reported declines in revenue and operating income, with ESPN and other subsidiaries facing financial pressure. Restructuring at Walt (more…)
Georgia-Pacific LLC announced that it is shutting down large parts of its Camas paper mill, a move that will idle as many as 300 employees, or more than two-thirds of its local employees. The closures are expected to start in the second quarter of 2018.
Unexpectedly, TechShop closed all 10 of its locations across the U.S. The chain of subscriber-based do-it-yourself (DIY) workshops shuttered its doors on November 8, 2017 after years of mounting operating losses. TechShop said it hadn’t been profitable and was filing for chapter 7 bankruptcy, which entails full liquidation instead of chapter 11, which would involve reorganizing.
University of Massachusetts Boston (UMass Boston) administrators are laying off staff as the university struggles to solve its massive budget deficit. In the first round of layoffs, UMass Boston is jettisoning 43 employees. The public research university is facing a serious budget deficit that could reach $30.0 million this year. The UMass Boston layoffs could (more…)
Fullscreen, Inc. has cut to back on its subscriConcerns Grow About Another Round of Massive Payless Layoffsption video on demand service. After just 18 months, the digital entertainment company announced it will shutter the service in January 2018. Twenty-five people will be laid off.
Metal fabrication company Porter’s Group, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the North Carolina Department of Commerce, announcing a total of 133 permanent layoffs at its Kings Mountain facility in Cleveland County. The company filed the notice on November 13, but the closure and layoffs were effective November 10.
Belk, Inc. (OTC:BLKIA) announced it is closing two department stores in 2018, including one in West Virginia and the other in Georgia. The Belk layoffs will result in the loss of 183 full- and part-time jobs.
Payless to Restructure: Retail Store Layoffs Expected Are more layoffs coming to Payless ShoeSource, Inc.? Having recently emerged from bankruptcy, Payless continues to evaluate its operations and it will, as the company says, take “additional steps.” Employees take this to mean another round of mass layoffs.