Stephen Karmazyn

Stephen Karmazyn is a writer for Profit Confidential, where he focuses on reporting breaking news in the technology and emerging industries. Throughout his career as a journalist, Karmazyn has written on tech for a variety of publications, including The Financial Post, The Globe and Mail, and The Ottawa Business Journal. He served as the web editor for Techopia, a tech-centered newsblog focused on emerging start-up companies. You can contact Stephen at

Mylan Layoffs 2017: Pharma Makes Job Cuts in West Virginia as Revenue Drops in 3rd Quarter

Mylan Layoffs 2017

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 and Wilcox layoffs hit stateside, with 70 U.S. job cuts following a poor quarterly report

Babcock and Wilcox Layoffs

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…)

Zenith Education Group Closing 21 WyoTech & Altierus Campuses; 5,400 Students Affected

Zenith Education Group Closing Campuses

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…)

Amazon Effect vs. Trump Effect: Where Companies’ Concerns Lie

Study Shows that Businesses More Focused on Amazon Effect than Trump Effect In a recent survey,, 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 Stores Closing: 3 Stores in California to Close as Online Shopping Continues to Dominate Retail

Macy's Stores Closing

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…)