Wal-Mart Stores Inc (NYSE:WMT) is an American institution that is nearly unparalleled in its reach. It employs a whopping 1.5 million Americans across the country, which accounts for just about one percent of the entire working population of the U.S. Wal-Mart layoffs 2017, however, have stripped many of those Americans of employment. From retail stores (more…)
Gaming company CCP Games is laying off virtual reality (VR) game developers as the company shuts down its VR gaming business. CCP layoffs will affect its VR-focused Atlanta office, which is being permanently closed. The game developer is popularly known for the space-based, multiplayer game EVE Online and its virtual reality rendition EVE Valkyrie.
The signature Republican legislature reveal was once more pushed back, with the most recent tax plan delay potentially preceding a massive political battle in both houses and across party lines.
More Under Armour Job Cuts Feared to Be on the Way Athletic footwear and apparel retailer Under Armour Inc (NYSE:UAA) reported its worst ever drop in sales in its third-quarter earnings release on Tuesday. What’s even worse is that the company has drastically cut its sales and earnings outlook for the full year. The company’s (more…)
Stein Mart Layoffs Result from Cost-Cutting America’s retail sector woes are continuing as one after another retailer turns to cost-cutting amid declining sales. Stein Mart layoffs are the latest job cuts to hit the retail sector.
Connecticut Budget Passed But Small Towns Left Reeling The Connecticut budget has finally been passed but many of the state’s small towns are not so happy. The risk of budget cuts is still looming large as state capital Hartford and other big cities stand ahead of these small towns to claim bigger shares in the state budget. (more…)
J.C. Penney Cuts Outlook, Sparks Fears of Next Big Retail Bankruptcy in 2017 Forget Sears Canada Inc (TSE:SCC) for a minute. Another big department store chain is feared to bite the dust in the ongoing retail apocalypse. J C Penney Company Inc (NYSE:JCP) has become the latest victim of the great retail apocalypse. Wall Street (more…)
The rising rent costs are hitting Americans harder than ever, with the share of U.S. disposable income going towards rent totaling 3.81% in the third quarter—the highest share in data going back almost six decades. Rising shelter costs have been the primary influences on most of the inflation in the U.S. during the economic recovery (more…)
Denver, Colorado-based casual dining restaurant Romano’s Macaroni Grill has filed for Chapter 11 bankruptcy after closing over three-dozen locations across the country. Romano’s Macaroni Grill bankruptcy follows an industry-wide change in consumer trends, most notably the shift of American Millennials towards quick-serve restaurants.
America’s retail and manufacturing sectors are not the only ones to have witnessed mass layoffs this year. Employees of Big Pharma were likewise hit with mass job cuts. Dominating these pharma layoffs in 2017 have been some of the most established names in the industry including Merck & Co., Inc. (NYSE:MRK), Eli Lilly and Co (more…)