Angie’s List Is Cutting Sales Positions An American Web site for customer reviews of local businesses and contractors, Angie’s List Inc, has announced that it will be laying off about 70 employees from its sales department. All of the sales staff being sent home are based in Indianapolis, where the company is headquartered.
Los Angeles Schools to Face Layoffs Following Budget Cuts The Los Angeles Unified School District (LAUSD) approved the budget for the next fiscal year, which includes 114 layoffs and 180 reassignments that could lead to pay cuts.
Solar Industry Group Warns of Over 80,000 Layoffs The U.S. has informed the World Trade Organization (WTO) that the government is considering imposing tariffs on solar cells, most of which are being imported from China. The move comes after an American manufacturer of solar cells, Suniva, Inc., filed a complaint with the International Trade Commission (more…)
“Amazon Go” System Could Cut Cashier Jobs The World’s biggest online retailer, Amazon.com, Inc., has announced that it will be acquiring the popular supermarket chain Whole Foods Market, Inc. in order to make a full-blown foray into the grocery business. The announcement has employees of the grocery chain worried that their jobs may be at (more…)
General Motors Company (NYSE:GM) announced plans to eliminate the third shift at its Fairfax Assembly Plant in late September. The idling of the third shift means 1,000 employees, or 33% of the plant, will receive pink slips. The plant, which currently employees more than 3,000 people, produces only one model, the “Chevrolet Malibu.”
Earth Pride Organics, a family-owned holding company, announced it has filed for Chapter 11 bankruptcy protection. The Lancaster, Pennsylvania-based company brands itself as a developer of organic foods. The company was founded five years ago and has grown to include four subsidiaries: American Specialty Foods (a sales and marketing company), CO Nolt Bakery Supply (a (more…)
While President Donald Trump promised to bring American jobs back to the U.S. on the campaign trail, many big U.S. companies continue to outsource jobs to countries like India. And the trend is even increasing. Outsourcing U.S. jobs hurts the local economies, but the companies say it helps cut costs and stay competitive. Fashion retailer (more…)
Sunset Partners Inc., the parent company of popular Boston University eateries Sunset Cantina and Sunset Grill & Tap, filed for bankruptcy. The restaurants will continue to pour beer and sling food for hungry university students while the company reorganizes its debt.
Unemployment Doesn’t Tell the Whole Story While recent figures on unemployment have painted a brighter picture of the U.S. workforce, these numbers don’t cover the thousands of Americans of working age who have dropped out of the labor force.
Illinois Is Facing a Severe Financial Crisis The Midwestern state of Illinois has been operating without a budget for over two years, and it is now on the verge of bankruptcy. State-issued bonds are at risk of facing a drop in their credit rating to junk-bond level. Government agencies now fear that their state-funded programs (more…)