Job Cuts

McNally Smith College of Music Closing: For-Profit College to Shut Down Due to Declining Enrollment

McNally Smith College of Music Closing

McNally Smith College of Music is closing as enrollment drops and funds drain away. The St. Paul-Minnesota music college’s closing comes as for-profit college shutdowns are increasingly becoming the norm. As the higher education enrollment decline affects nearly every type of university, the for-profit colleges and universities are finding it particularly difficult to thrive in (more…)

Refinery29 Layoffs Add to Digital Media Woes in 2017 as Facebook & Google Dominate Ad Market

refinery29-layoffs-add-digital-media-woes-2017-facebook-google-dominate-ad-market

The layoffs at women’s lifestyle web site Refinery29, Inc. will see dozens of employees being cut as the digital media company contends with the growing prominence of Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOG) in the digital ad market. In fact, cuts like the Refinery29 layoffs are becoming somewhat the norm, as digital media job cuts (more…)

Cobalt International Energy Files for Chapter 11 Bankruptcy

Cobalt International Energy Bankruptcy

Cobalt International Energy, Inc. (NYSE:CIE) has filed for Chapter 11 bankruptcy. The oil and gas company, which is financially struggling upstream,  said it will sell off the company for parts. Houston, Texas-based Cobalt says it has enough money to fund operations during the restructuring process and will conduct its business as usual. The bankruptcy petition for (more…)

HAECO Layoffs: Aircraft Engineering Co. Announces Job Cuts at its Cabin Solutions Operations

HAECO Layoffs

Hong Kong Aircraft Engineering Company Limited, or “HAECO” for short, announced plans to lay off an unspecified number of workers. The aircraft engineering company is making the job cuts at its Cabin Solutions Operations in High Point and Wallburg, North Carolina. The two facilities build seats, lavatories, and galleys. “This is a restructuring of the (more…)

Bold Films Slashing Its Workforce by Almost 50%

Bold Films layoffs

Layoffs at Bold Films Bold Films cut its workforce by nearly 50%. The layoffs included high-ranking positions within the company, such as the senior vice president of productions, other executives, and support staff. As a result, the company is working as a smaller tight-knit group that includes the finance department and which involves more responsibilities (more…)

Layoffs expected at 21st Century Fox’s Movie Studio in Southern California due to Disney Deal

Disney Deal

Disney to Buy 21st Century Fox Century’s Movie and TV Studio Walt Disney Co (NYSE:DIS) is buying most of 21st Century Fox Inc (NASDAQ:FOXB) in a $52.4-billion blockbuster deal. The deal combines two of the biggest entertainment/media companies in Hollywood and could help Disney fend off growing competition from digital rivals like Netflix, Inc. (NASDAQ:NFLX). The acquisition (more…)

Verizon Layoffs 2018: Telecom Giant to Make 190 Job Cuts in Santa Clara

Verizon Layoffs 2018

Verizon Layoffs 2018 In January 2018, telecommunications company Verizon Communications Inc. (NYSE:VZ) is planning on giving 190 employees of its Santa Clara, California office permanent layoff notices. The affected employees were made aware of Verizon’s layoffs in 2018 in November. Verizon is not the only company cutting jobs in the California area in January. Capital One Financial (more…)