AT&T Call Center Layoffs Continue Decreasing call volumes to AT&T Inc. (NYSE:T) call centers have led to layoffs in various cities as the Dallas-based telecommunications company continues to face challenges in 2017. Doing what it takes to stay competitive and operationally profitable is the main goal of any business. Retraining, restructuring, cost-cutting, and downsizing are the (more…)
NerdWallet Conducts 3rd Round of Layoffs in 2017 NerdWallet, Inc. announced that it has laid off 53 employees, which was 11% of its workforce. The privately held San Francisco-based company said that the layoffs were a result of employees not hitting profitability goals. NerdWallet’s revenue has been falling, and the company has been missing its 2017 (more…)
Walt Disney Co (NYSE:DIS) announced 145 Walt Disney Parks and Resorts layoffs amid restructuring at the company. The amusement park giant reported lackluster fourth-quarter earnings. While the theme park division did well, the rest of the company reported declines in revenue and operating income, with ESPN and other subsidiaries facing financial pressure. Restructuring at Walt (more…)
Online Shopping May Be to Blame for Store Closure Richardson & Nash Clothiers, a men’s clothing shop, is the latest Suffolk closure, and yet another company in the growing list of retailers that have struggled to combat the growing threat from online shopping.
Vitamin World, Inc. is adding its name to a growing number of companies initiating massive cuts, with Vitamin World retail stores closing across the country as the company files for Chapter 11 bankruptcy. The vitamin retailer is currently in the process of shuttering over 100 stores as it hopes to acquire enough cash to stay afloat (more…)
Everest University layoffs mount, with 212 employees losing their jobs at its office in Tampa Bay. The cuts will be initiated on January 8, 2018.
Georgia-Pacific LLC announced that it is shutting down large parts of its Camas paper mill, a move that will idle as many as 300 employees, or more than two-thirds of its local employees. The closures are expected to start in the second quarter of 2018.
Unexpectedly, TechShop closed all 10 of its locations across the U.S. The chain of subscriber-based do-it-yourself (DIY) workshops shuttered its doors on November 8, 2017 after years of mounting operating losses. TechShop said it hadn’t been profitable and was filing for chapter 7 bankruptcy, which entails full liquidation instead of chapter 11, which would involve reorganizing.
University of Massachusetts Boston (UMass Boston) administrators are laying off staff as the university struggles to solve its massive budget deficit. In the first round of layoffs, UMass Boston is jettisoning 43 employees. The public research university is facing a serious budget deficit that could reach $30.0 million this year. The UMass Boston layoffs could (more…)
Most print media companies today are facing a big question: Should they go down the digital media route or continue on the print media route? In today’s digitally transformed world, there are no prizes for guessing which one they will focus on. Naturally, they will go in the direction that gets them the most readers. (more…)