Toys “R” Us’ Cost-Cutting Measures: 200 More Closings Due to Massive Debt & Disappointing Holiday Sales

Toys "R" Us Cost-Cutting Measures

The number of Toys “R” Us, Inc. store closings in 2018 has increased by 200. According to The Wall Street Journal, the store closures will be followed by Toys “R” Us corporate layoffs at its headquarters in Wayne, New Jersey. Moreover, the recent Toys “R” Us holiday season sales were quite disappointing as other online and (more…)

Albertsons to Layoff 76 Employees in Phoenix, AZ Amid Store Sales Decline in the 3rd Quarter

Albertsons layoffs

Grocery store company Albertsons Companies LLC has announced job cuts at its Phoenix location, contributing to the Arizona layoffs in 2018 thus far. The grocery store company’s Worker Adjustment and Retraining Notification (WARN) report says that the Albertsons layoffs will affect 76 employees. Recently, the store reported a decline in sales and gross profit margins (more…)

Firearms Industry Faces Uncertain 2018 Amid Debate About Stricter Gun Control and Second Amendment Repeal

Debate About Gun Control

U.S. gun sales dropped by eight percent year-over-year in January 2018, as per FBI data. The estimated gun sales were more than 955,000, which was the lowest record for January since 2012. After observing booming gun sales during Barack Obama’s presidency, the U.S. firearms industry in 2018 has been facing a slowdown. The recent Florida shooting (more…)

Layoffs Hit Schneider Electric for 2nd Time in 2018, Cutting Jobs in California

Schneider Electric Layoffs

Schneider Electric SE (EPA:SU), a European company specializing in automation solutions, energy management, and more, announced a second round of layoffs in 2018. Schneider Electric’s Worker Adjustment and Retraining Notification (WARN) notices filed in California on January 5 and January 30 reflected that the company would lay off a combined 42 employees in Clovis, Fresno (more…)

Toys “R” Us Layoffs in New York: 5 Store Closings, 289 Job Cuts part of Debt Restructuring

Toys "R" Us Layoffs in New York

Toys “R” Us – Delaware, Inc., has announced that it will close five stores in New York. These store closures are related to the Toys “R” Us bankruptcy filing last September. The Toys “R” Us layoffs in New York will impact about 289 employees. The company’s Worker Adjustment and Retraining Notification (WARN) reports filed on January 26 (more…)