Depomed Inc (NASDAQ:DEPO) is looking to cut 40% of its staff as it shops around its best-selling drug and shuts down its current headquarters, all in an effort to reduce costs and stem the losses it has experienced over the year. The Depomed layoffs in 2018 will be a result of a weak performance by the (more…)
More J. Crew Closures to Follow the Company’s Poor Third-Quarter Results J. Crew Group, Inc., a privately held retailer, announced plans to close 39 additional stores by the end of January as its sales figures continue to plunge and its corporate debt tops $1.7 billion. The 39 planned store closures represent about six percent of the company’s (more…)
85-Year-Old “Am Law 200” Law Firm Sedgwick LLP Closing in January Sedgwick LLP, a San Francisco-based law firm, announced that it will be closing its doors after nearly 85 years in business. The firm confirmed that it will permanently close its offices across the U.S. in early January 2018, although some sources have said that some Sedgwick employees will (more…)
While the gun debate rages on in the U.S. following a number of high-profile mass shootings in 2017, another issue is often overlooked: gun theft. Across the nation, gun theft is fueling violent crime and leading to deadly shootings, according to a new report from The Trace and more than a dozen NBC TV stations. (more…)
Wells Fargo & Co (NYSE:WFC) is looking to shed about 50 employees as its debit and credit card processing venture undergoes restructuring. The Wells Fargo layoffs are reported to be a result of the company responding to the current business volumes. While Wells Fargo has stated that it is looking to retain as many employees as (more…)
Shoe Retail Company Trying to Stay Afloat Shiekh Shoes is searching for financing in order to avoid having to file for bankruptcy protection. The struggle that the retail company is facing is simply not having enough cash flow.
Honeywell International Inc. (NYSE:HON) has announced another round of layoffs at its facility in Metropolis, Illinois. The multinational conglomerate said it will be laying off 170 employees and an unnumbered amount of contract workers at its uranium hexafluoride (UF6) processing facility.
Law firm layoffs will affect 40 employees of Husch Blackwell LLP, a law firm with offices in St. Louis. The cuts are coming via layoffs and retirements.
Real Industry Inc (NASDAQ:RELY), a holding company with interests in Real Alloy Holding Inc. and its U.S. subsidiaries, filed a petition for voluntary Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware. The Real Industry bankruptcy represents another business in the U.S. folding under the tough economic climate some companies are experiencing (more…)
Payless Job Cuts to Have Negative Impact on the Topeka Economy Payless ShoeSource, Inc. is yet another retailer reducing its overall employee headcount. It is estimated that up to 40% of the workforce, or about 200 employees, at the corporate office in Topeka, Kansas will be laid off. The company filed for bankruptcy in April due to a (more…)