Economic Decline

Disney Parks and Resorts Layoffs: Disney ABC, ESPN Revenue Declines Factor in Job Cuts

Disney Parks and Resorts Layoffs

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…)

Porter’s Group Shutters Kings Mountain Plant, 133 Out of Work

Fenced off Abandoned Factory

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.

Tops Friendly Markets in Wappingers Falls, NY Closing

Tops Friendly Markets in Wappingers Falls, NY Closing

Tops Markets, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the New York State Department of Labor, saying it will be closing its Tops Friendly Markets grocery store at 1357 Route 9 in Wappingers Falls on February 1. The company cited “economic reasons” for the permanent closure, which will leave 83 out (more…)

Keller’s Green Grocery in Sioux Falls Closes After Just One Year

Keller’s Green Grocery in Sioux Falls Closed

Keller’s Green Grocery in downtown Sioux Falls, South Dakota has shuttered its doors after just one year in business. The urban grocery, once hailed as a key development for the downtown core, closed without fanfare on Friday, November 10. Since then, neither Keller’s owners nor management have responded to interview requests. The company’s web site (more…)

Mandalay Bay Layoffs: Las Vegas Shooting Triggers Drop in Tourism

Mandalay Bay Layoffs, Las Vegas

Layoffs are hitting Mandalay Bay. MGM Resorts International (NYSE:MGM), the parent company of Mandalay Bay, announced it is laying off hundreds of its workers and reducing the work hours of others in the aftermath of the October 1 Las Vegas shooting. The hospitality company said the Mandalay Bay layoffs are a result of reduced occupancy rates (more…)

Lax World Stores Closed; What Happened to the Lacrosse Retailer?

Lax World closed 16 stores

Lacrosse equipment company Lax World unexpectedly closed all of its stores across the U.S. and shut down its corporate headquarters in Cockeysville. The Maryland-based company had stores in Maryland, Virginia, New York, Georgia, Colorado, and Washington state. Despite closing all of its stores, Lax World is still taking orders online, and the company’s Facebook page makes (more…)