Disney’s ESPN Laid Off 100 Employees to Cut Costs America’s biggest media conglomerate, Walt Disney Co, has laid off 100 workers from its ESPN channel, as the latter continues to drag down profits for Disney.
City Hit by Butterball, Caterpillar Factory Closures Montgomery, Illinois was hit by not one but two recent factory closing announcements– one from Caterpillar Inc. (NYSE:CAT) and one from BUTTERBALL, LLC–which will impact hundreds of workers in the area.
Parts of the Solar Industry Thrive While Others Falter While some businesses within the solar industry are prospering, others are closing down as the political climate and social attitude towards solar has worsened so far in 2017.
Climate Proponents Face Off Against Economic Skeptics U.S. President Donald Trump maintains that the U.S. may withdraw from the Paris climate agreement that was signed by 195 nations in 2015, believing that it will be detrimental to American jobs.
Despite Federal Promises, Employee Cuts on the Way President Donald Trump held up the Carrier Corporation plant in Indiana as a shining example of his negotiation skills, promising to keep at least 1,100 jobs in the state. But now, numbers show that as many as 632 jobs will be slashed, bringing the total number of factory workers down to roughly 800.
Automation Puts American Workers at Risk of Massive Layoffs A new report by the Investor Responsibility Research Center Institute (IRRCi) finds that American retailers are increasingly moving towards automating their operations, thus putting millions of Americans at risk of facing layoffs in the coming years.
Kellogg’s Laid off Hundreds of Employees in May World-famous breakfast cereal company, Kellogg Company (NYSE:K), has shut down five distribution centers and laid off hundreds of employees this month.
Cisco Systems, Inc. (NASDAQ:CSCO), a worldwide leader in information technology (IT), announced it is slashing 250 jobs in San Jose, California as the company’s focus transitions toward more software and subscription services. To make way for the transition, Cisco will be jettisoning a total of 1,100 jobs worldwide.
Kaydon Ring & Seal, Inc., an aerospace, oil, gas, and railroad parts maker that has operated in Baltimore for the past 100 years, announced it will begin to shutter its factory in that city and lay off 217 employees in the process. The layoffs will begin in July, and will occur in four phases through (more…)
As Jobs Flee the Country, Workers Fight Back Unionized call center workers traveled to the Dominican Republic to meet foreign workers in an attempt to highlight the drawbacks of AT&T Inc.’s (NYSE:T) outsourcing practice.