Losses at NantHealth Inc (NASDAQ:NH) continue to mount as the company’s share price spirals. To change this trajectory, the company has announced restructuring efforts that will slash its workforce by as many as 300.
The U.S. Postal Service warned after posting weak third-quarter fiscal results that it could default on up to $6.9 billion in payments for future retiree health and pension benefits. This would be the fifth straight year it would miss topping up pension and health payments. The reason? A cash crunch that could disrupt day-to-day mail (more…)
NRG Energy Inc (NYSE:NRG) appears to be quietly seeking contract workers to help maintain power plants in Houston. NRG operates nine power plants and owns all or part of seven wind and solar projects in Texas.
Abacus Technology Corporation has filed a notice with the Florida Department of Economic Opportunity about its intent to lay off 338 employees at its Kennedy Space Center location.
The Spectrum strike by Local Union #3, which represents approximately 1,800 Charter Communications Inc and Spectrum employees in New York and New Jersey is nearing the half-year mark. The union has been on strike since March 28 on the grounds that Spectrum workers have not had a contract since the previous one under Time Warner (more…)
Shares in The Walt Disney Company (NYSE:DIS) tumbled in after-hours trading Tuesday after the world’s largest media entertainment company reported mixed third-quarter results. The company also announced the acquisition of a majority stake in BAMTech and that it was pulling its content from Netflix, Inc. (NASDAQ:NFLX). This sets the stage for Disney to launch its (more…)
One year after being acquired by an Asian consortium, Lexmark International Inc (NYSE:LXK) has announced a major restructuring program, one that will result in 700 of its 10,000 employees worldwide being laid off. The layoffs signal continued challenges for the Lexington, KY-based printer maker.
U.S.-based employers announced plans to axe 28,307 jobs in July, with California, Texas, and New York leading the way. Through the first seven months of 2017, employers have announced 255,307 planned job cuts; California, Texas, and Ohio lead in the year-to-date totals.
With acquisition comes attrition. Convenience store company PDQ Food Stores, Inc. filed notice with the Wisconsin Department of Workforce Development that it will jettison 313 employees starting in October. The layoffs will affect employees in Fitchburg, Kenosha, Madison, Middleton, and Waukesha.
More than 1.1 million fewer Americans are recipients of food stamps since President Trump took over the Oval Office in January 2017.