SSM Health Care Corp said it will be laying off 350 employees, or about one percent of its workforce. The St. Louis-based hospital also said an undisclosed amount of positions will be lost as a result of attrition. The permanent layoffs come following news the Catholic not-for-profit healthcare system needs to trim $200.0 million from (more…)
Amazon Effect May Have Led to Target Closing 12 Stores in 2018 The retail industry has been having a rough go of it in 2017, and that trend looks like it will hold, going into early 2018. Target Corporation (NYSE:TGT) is no stranger to the difficulty that many retail giants have faced in the current economic (more…)
Even presidents can find it difficult to keep their promises. The much-ballyhooed promise of saving manufacturing jobs at Carrier Corporation’s Indianapolis plant is going ahead with its final round of layoffs. Carrier announced plans to lay off 215 employees from its Indianapolis factory. Their last day of work is on January 11, 2018.
Thousands of Deutsche Bank Job Losses Feared After CEO’s Warning Countless Deutsche Bank AG (ETR:DBK) employees may soon be facing mass job cuts. The CEO of the multinational German bank hinted that thousands of Deutsche Bank job losses could result from automation in coming times.
Target Stores Closing, Employees Informed of Layoffs America’s retail woes are continuing this year as one retailer after another announces store closures. Target Corporation is the latest company to announce retail store closures and job cuts in the midst of the ongoing retail apocalypse. The Minnesota-based Target is closing 12 stores across the country by February (more…)
Telltale Incorporated, a California-based gaming company operating as Telltale Games, announced it is laying off 90 people, or 25% of its total workforce. The developer also announced that it will be using “more proven technologies” to develop future games. The video game company has been using its own internal game engine and graphics, but is (more…)
Humana Inc (NYSE:HUM) announced it is gutting 1,300 jobs, with another 1,150 taking early retirement. The health insurance company said it is going to stop participating in the Affordable Care Act (affectionately referred to as “Obamacare”) in 2018, with the job terminations beginning at the start of that same year. Those who took voluntary buyouts (more…)
California’s Marijuana Tax Hike Has Pot Enthusiasts Worried California is planning to raise taxes on both recreational and medical marijuana. But, while it may help the state in raising additional revenue, California’s marijuana tax hike plan has both industry analysts and pot-lovers worried for a good reason.
The Sprint Corp (NYSE:S) deal to merge with T-Mobile US Inc (NASDAQ:TMUS) has fallen through, sending Sprint stock plummeting, with the Sprint Corp deal failure unlikely to derail the trend of job cuts at Sprint.
Perfect World Entertainment, a subsidiary of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD), announced that it has closed Torchlight and Hob studio Runic Games in Seattle and is laying off staff at Gigantic developer Motiga Games. The China-based company isn’t closing Motiga, but it is facing layoffs, with only support staff being left to keep it up (more…)