Online Shopping May Be to Blame for Store Closure Richardson & Nash Clothiers, a men’s clothing shop, is the latest Suffolk closure, and yet another company in the growing list of retailers that have struggled to combat the growing threat from online shopping.
Vitamin World, Inc. is adding its name to a growing number of companies initiating massive cuts, with Vitamin World retail stores closing across the country as the company files for Chapter 11 bankruptcy. The vitamin retailer is currently in the process of shuttering over 100 stores as it hopes to acquire enough cash to stay afloat (more…)
Everest University layoffs mount, with 212 employees losing their jobs at its office in Tampa Bay. The cuts will be initiated on January 8, 2018.
Major retailers are not hiring as many workers as they did last year while October employment gains in the sector fell to their lowest levels since 2011, according to a recent report and data from the Bureau of Labor Statistics. The retail hiring decline represents another sign of an industry struggling to contend with factors (more…)
East Houston Regional Medical Center to Shut Down Due to Storm Damage Despite surviving previous storms, the East Houston Regional Medical Center will now be shutting down in the wake of Hurricane Harvey, leading to hundreds of Houston hospital layoffs.
Board President Toni Preckwinkle at Center of Budget and Soda Tax Debates A battle has been brewing in Illinois over the Cook County sweetened beverage tax, commonly known as the soda tax. The delay of the planned tax has led to Cook County layoffs as the local government struggles to balance its budget.
Technological innovation and displacement means that over a hundred jobs are going to be lost following the AdColony layoffs in 2017, adding to the already hundred-plus people cut from the company earlier in the summer. Due to programmatic advertising—automated, algorithmic, ad-buying practices—the company is looking to make cuts to its sales department. The company is (more…)
Wisconsin job cuts have totaled over 3,600 since August, but one community, in particular, has been hard hit, with 1,300 jobs lost in Fox Valley. The county represents about a third of all job losses in the state since the summer, putting a heavy strain on the area. The Wisconsin job cuts that took place (more…)
Embassy Suites by Hilton is up for sale after the company that owns it, Le Centre on Fourth, filed a petition for reorganization under Chapter 11 bankruptcy in a Florida court, potentially affecting Louisville jobs in the area.
Hundreds of people are now joining the increasing number of layoffs from generic drugmaker Mylan NV (NASDAQ:MYL), as the pharmaceutical company contends with bad press and subsequently weak earnings reports. The Mylan layoffs in 2017 are part of cost-saving measures and the latest round of U.S. job cuts hitting West Virginia. Mylan has also had (more…)