What Worked Against Outsourcing Won’t Against Automation While the U.S. has long been under threat of outsourcing due to the lower-wages abroad and an increasingly globalized environment, industries that have looked to counter the negative effects of outsourcing are now at risk from automation.
Conduent Inc, a spin-off of tech giant Xerox, is closing two business locations in Rochester and Webster, New York, and laying off 187 employees.
The world’s biggest cigarette manufacturer, Altria Group Inc, is closing its cigar plant in Limerick, Pennsylvania. In the process it is laying off 78 workers.
Rocket engine developer XCOR Aerospace is laying off all of its employees after it lost funding from the United Launch Alliance to produce its planned spacecraft.
Popular music streaming company SoundCloud Limited is laying off 40% of its employees as it struggles to keep up with competition.
Pulitzer-winning reporter Rick Wartzman says in his latest interview that blue-collar jobs lost to automation and globalization are not coming back to America.
The New Challenger Report Shows Retail Jobs Are Still Vulnerable U.S. companies announced a total of 31,105 job cuts in June, an improvement compared to May. Retail, however, remains an area of concern as employment continues to plummet.
Thousands to Lose Their Jobs as Microsoft Sheds Positions Microsoft Corporation (NASDAQ:MSFT) has confirmed what many knew to be on the way: mass layoffs, amounting to a reported 3,000 to 5,000 fewer employees at the tech giant.
Report Shows a Cooling in the Job Market as Some Industries Are Hit Hard Nonfarm job growth slowed in June, according to the latest ADP National Employment Report.
According to a report published by George Washington University’s Milken Institute School of Public Health and The Commonwealth Fund, if the Better Care Reconcilliation Act (BCRA), becomes law, it could result in an economic downturn in 49 states and result in 1.5-million jobs lost.