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…)
Babcock & Wilcox Enterprises Inc (NYSE:BW) has posted two consecutive quarters of losses in 2017, resulting in U.S. job cuts for the multinational company. The Babcock and Wilcox layoffs will affect nine percent of its global workforce, which numbers about 4,700. The nuclear power company has struggled in 2017, posting an over 72% decline in its (more…)
The Zenith Education Group, Inc.‘s closing of Laramie’s WyoTech, an automotive technical, mechanical, and body repair training school, will affect hundreds of students and faculty who were associated with the nonprofit organization. The WyoTech closing similarly halts a number of nonprofit college options for students who were seeking more vocational educations to better adapt to (more…)
Study Shows that Businesses More Focused on Amazon Effect than Trump Effect In a recent survey, Amazon.com, Inc. (NASDAQ:AMZN) was cited more than President Donald Trump as a source of anxiety for businesses. The study, carried out by financial research platform Sentieo Inc. for MarketWatch, shows that the “Amazon effect” is more of a concern to businesses than the (more…)
Macy’s Inc (NYSE:M) continues to find itself suffering this year, with another round of Macy’s stores closing recently in California. Two locations in Los Angeles and one in San Francisco are being shuttered while the company grapples with what many are calling the “retail apocalypse” that has struck department stores across the country, causing a massive (more…)
AnMed Health announced on Wednesday that as many as 94 full-time and part-time workers were laid off, with another 65 vacant positions being eliminated. The AnMed layoffs represent what experts believe will be a growing trend as political uncertainty regarding healthcare policy in the U.S. will likely lead to more healthcare layoffs.
Kodak layoffs spike to 425 following a disappointing Q3 earnings report that registered a $46.0-million loss.
Amazon Effect May Have Led to Target Closing 12 Stores in 2018 The retail industry has been having a rough go of it in 2017, and that trend looks like it will hold, going into early 2018. Target Corporation (NYSE:TGT) is no stranger to the difficulty that many retail giants have faced in the current economic (more…)