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…)
Ryder System, Inc. (NYSE:R) filed a WARN notice with the Wisconsin State Department of Workforce Development saying it is closing its Ryder Integrated Logistics offices and warehouse in Greenville.
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…)
The U.S. has been dealing with sustainably low oil prices since the start of 2015. In late 2014, oil prices fell from more than $100.00 per barrel to around $50.00 per barrel. Since 2016, oil prices have been on a roller coaster ride, swinging between $27.00 and $55.00 per barrel; that’s a quarter of the (more…)
St. Charles Health Systems has announced layoffs, buyouts, pay cuts, and other streamlining efforts to plug a budget shortfall of up to $35.0 million. The health system blamed the shortfall on higher costs, lower revenue, and the Oregon State Legislature. These measures have resulted in 30 St. Charles Health Systems layoffs and buyouts to 75 (more…)
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 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…)
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.
Owner of private prisons, Corecivic Inc, is laying off more than 500 employees after losing a contract with the Texas Department of Criminal Justice.