Job Cuts

Cereal Giant Kellogg’s Guts Headcount by 400+ in Texas

Cereal giant Kellogg Company continues with its latest round of massive layoffs. The company announced that more than 400 employees will be looking for work after it closes two distribution centers in Texas. The Michigan-based cereal and breakfast food maker said it plans to close the distribution centers in Fort Worth between July 29 and (more…)

Famous Teen Fashion Retailer Files for Bankruptcy

Bankruptcy

Rue21 Files for Bankruptcy Protection, Closes 400 Stores Pennsylvania-based teen fashion specialty retailer Rue21 has filed for Chapter 11 bankruptcy after facing deteriorating sales and difficulties in servicing its debt. Following the bankruptcy, the company is closing 400 of its stores, with a warning that more store closings might follow.

SureID in Crisis, Layoffs Continue As Top Executives Jettisoned

Job cuts

It’s been a few weeks of pain for workers at Hillsboro, Oregon-based SureID, Inc.. A leading provider of identity authentication, background screening, and identity management and enforcement, SureID announced that it laid off at least 60 employees a day after it sent many of its top executives packing. Including this latest round of cutbacks, SureID (more…)

Guaranty Bank Fails, 107 Branches Close

SHUT DOWN

Wisconsin-based Guaranty Banks is no more. The bank, with over 100 branches across the country (doing business as Best Bank in Georgia and Michigan), was closed by regulators. About 500 bank employees were laid off. Guaranty Bank is the fifth Federal Deposit Insurance Corporation (FDIC)-insured institution to fail in the U.S. this year.