Metal fabrication company Porter’s Group, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the North Carolina Department of Commerce, announcing a total of 133 permanent layoffs at its Kings Mountain facility in Cleveland County. The company filed the notice on November 13, but the closure and layoffs were effective November 10.
Technological innovation and displacement means that over a hundred jobs are going to be lost following the AdColony layoffs in 2017, adding to the already hundred-plus people cut from the company earlier in the summer. Due to programmatic advertising—automated, algorithmic, ad-buying practices—the company is looking to make cuts to its sales department. The company is (more…)
General Electric Company (NYSE:GE) CEO John Flannery’s cost-cutting plan has sent shock waves across the investor community. The multinational conglomerate is slashing its dividend in half and GE stock investors are panicking. But that’s only part of Flannery’s great restructuring plan. Another part includes cutting jobs, with the latest round of layoffs hitting GE subsidiary GE (more…)
Marriott International Inc (NASDAQ:MAR) continues to trim its headcount one year after acquiring Stamford, Connecticut-based Starwood Hotels and Resorts Worldwide. Marriott said it plans to lay off 107 Stamford employees in December. The hospitality company said the job cuts are part of the company’s reorganization plans and will continue into 2018. The Marriott announcement is part of (more…)
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…)