job cuts

UnitedHealthcare Layoffs 2017: 381 Jobs Cut After Insurer Loses Contract

Health Insurance

UnitedHealthcare Layoffs in 2017 Continue to Add Up As the debate rages on in the United States concerning the future of healthcare, health insurance firm UnitedHealth Group Inc (NYSE:UNH) has cut jobs from its “UnitedHealthcare” division across the country, from Phoenix to Colorado. The UnitedHealthcare layoffs in 2017 have spiked, with hundreds of people losing their jobs throughout the (more…)

Advertisement

Oracle Layoffs 2017: Hardware Unit Struggles as Firm Shifts Its Focus

oracle layoffs

Oracle Layoffs in 2017 Devastate Hardware Unit as Company Refocuses on Cloud Computing Oracle Corporation (NYSE:ORCL) has struggled mightily throughout 2017 to adjust its hardware business to the industry realities. The Oracle layoffs in 2017 have numbered in the thousands, with many employees being let go from the units assigned to the “Solaris” operating system and (more…)

Tesla Fremont Factory Layoffs: Electric Car Maker Fires 400 for Non-Performance, Adds to Rising Automotive Industry Job Cuts

When it comes to the automotive industry, Tesla Inc (NASDAQ:TSLA) does everything differently. The company confirmed hundreds of layoffs due to non-performance at both its Palo Alto, California headquarters and its Fremont vehicle production factory. But the carmaker didn’t say how many of its 33,000 employees were given pink slips. Former employees estimated that the (more…)

Los Alamos National Bank Layoffs Cutting 10% of Workforce

Los Alamos National Bank announced it is terminating 26 positions, or about 10% of its workforce, in an effort to reduce costs and boost its share price. John Gulas, the bank’s CEO, announced the layoffs in an open letter to the Los Alamos community. Gulas said the decision to lay off 10% of its employees (more…)

Advertisement

Biostage Inc Terminates 71% of Its Workforce

Biostage Inc layoffs

It’s going from bad to worse for Biostage Inc (OTCMKTS:BSTG). A week after being delisted from the NASDAQ for having a low share price, the company announced plans to axe 17 employees; this represents 71% of its total workforce. The company said the staff reductions would help it stem its cash burn rate.