Alcon Entertainment LLC, an American film production and finance company, recently announced layoffs to recover from its losses and to streamline and consolidate its operations. The news came after the company was hit with significant losses due to the underperformance of Blade Runner 2049 at the box office. Though the exact number of Alcon Entertainment (more…)
Media company Viacom Inc. (NASDAQ:VIAB) laid off about 100 employees on Tuesday as part of its $100.0-million cost-cutting measures. The job cuts have mostly affected support staff, while the employees who deal with content creation are safe. Fewer than one percent of the company’s 10,000 employees are supposed to be cut in this round of Viacom (more…)
Monday started with layoffs at weekly magazine Newsweek. Johnathan Davis, the co-founder of Newsweek Media Group, ordered the firing of editor Bob Roe; his deputy editor, Ken Li; and reporter Celeste Katz–all involved in covering the company’s legal troubles. Two other reporters, Josh Saul of Newsweek and Josh Keefe of the International Business Times, both (more…)
Pandora Media Inc (NYSE:P), also known as Pandora Internet Radio and the largest music streaming service in the U.S., has announced plans to lay off about five percent of its employees, an addition to the list of California layoffs in 2018. The company is hoping to improve things with a shift to automated services, with (more…)
Radial, Inc., an e-commerce company that specializes in running fulfillment centers, where companies can ship and store goods ordered online, will be cutting nearly 500 workers as part of a Target fulfillment center closing in Memphis, Tennessee.
With Super Bowl LII (Super Bowl 52) taking place on Sunday, February 4, it brings up a debate of whether the day following the Super Bowl day should be officially considered a holiday. It is expected that this year, lost productivity on the day after the Super Bowl will cost employers more than $3.0 billion. (more…)
Slumping U.S. motorcycle sales have resulted in more job cuts and a plant closure at Harley-Davidson Inc (NYSE:HOG). The Milwaukee-based motorcycle manufacturer announced it will close its manufacturing plant in Kansas City, Missouri, eliminating around 800 jobs. The company announced its latest restructuring plan after reporting disappointing financial results for fiscal 2017, with worldwide retail (more…)
National Geographic Partners, the name behind National Geographic magazine and the cable networks, has laid off around a dozen employees, or one percent of its workforce. The company did not say which area the layoffs came from. In a prepared statement, National Geographic Partners said, “As we align our U.S. business with our growth objectives (more…)
Funny or Die, the prominent comedy and film company started by Will Ferrell in 2007, has made further reductions to its workforce after several years of job cuts. Funny or Die layoffs in 2018 have started to be implemented, while the precise number of jobs being cut is as-of-yet undisclosed.
The bankruptcy of Toys “R” Us, Inc. has claimed nearly 200 more stores as the company continues to search out ways to reduce its substantial debt and emerge from its reorganization process on a path toward solvency. Toys “R” Us closing stores is nothing new, with the company shuttering hundreds of stores since it first announced (more…)