MGM Resorts announces more job cuts, calls layoffs complete

U.S. 05/30/19, 12:40

Casino giant MGM Resorts International says it's completing planned layoffs with 779 job cuts, mostly in Las Vegas.CEO Jim Murren told employees the last affected workers would learn Thursday their positions were eliminated.Company spokeswoman Debra DeShong says the job cuts overwhelmingly affect managers.A total of 1,070 company employees lost jobs ...

Ford is cutting 7,000 white-collar jobs

Business 05/20/19, 08:35

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.The company said that the plan will save about $600 million per ...

United Airlines to lay off 100 in Houston, outsource jobs

U.S. 05/17/19, 13:03

United Airlines says it will cut about 100 accounting jobs in Houston in July and shift the work to a contractor.The airline reported the layoffs in a letter this week to the Texas Workforce Commission. It did not identify the contractor that will handle accounting of revenue from passengers.A United ...

Staffer: Illinois newspaper editor resigned to spare layoffs

U.S. 05/14/19, 18:34

Illinois' capital-city newspaper, a 188-year-old institution tied intimately to Abraham Lincoln, is without a news chief after its editor resigned in hopes of sparing more layoffs, according to a staff writer.Angie Muhs served notice of her resignation on Friday from The State Journal-Register in Springfield, owned by one of the ...

MGM Resorts plans to eliminate about 1,000 jobs by June

U.S. 04/30/19, 13:11

Las Vegas-based casino company MGM Resorts International says it expects to cut about 1,000 jobs by June.The layoffs announced Monday include 254 jobs the company said last week it would cut as it works to reduce costs and boost earnings.Chief Financial Officer Corey Sanders says 35 executives have already taken ...

Vice Media to cut 10 percent of workforce

Business 02/01/19, 11:44

Vice Media is cutting 250 jobs globally as it seeks to shore up its profitability. It is the latest round of layoffs as the media industry contracts.The cuts affect about 10 percent of Vice's 2,500 staff, said company spokeswoman Danielle Carrig. But she said Vice plans to add jobs as ...

Digital media company BuzzFeed cutting 15 percent of jobs

Tech 01/24/19, 14:14

Digital media company BuzzFeed is cutting 15 percent of its jobs, or about 200 people, to trim costs and become profitable.BuzzFeed CEO Jonah Peretti wrote employees Wednesday that the layoffs will help BuzzFeed avoid having to raise money from investors again.The privately held company has not been profitable for several ...

Verizon cutting about 800 jobs in troubled media business

Business 01/23/19, 16:51

Verizon is cutting about 800 jobs, or 7 percent of its media and advertising employees, as it reorganizes the troubled division.The wireless company had hoped to create an ad business that could compete with Google and Facebook. It spent roughly $10 billion buying up former Internet pioneers Yahoo and AOL ...

SpaceX to lay off 10 percent of workforce to become leaner

U.S. 01/11/19, 22:30

SpaceX will lay off 10 percent of its roughly 6,000 workers, announcing Friday that it needs to become leaner to accomplish ambitious projects such as creating a spaceship that can carry astronauts to Mars."This action is taken only due to the extraordinarily difficult challenges ahead and would not otherwise be ...

Salaried workers beware: GM cuts are a warning for all

U.S. 12/01/18, 11:30

For generations, the career path for smart kids around Detroit was to get an engineering or business degree and get hired by an automaker or parts supplier. If you worked hard and didn't screw up, you had a job for life with enough money to raise a family, take vacations ...

Update: Trump warns GM could lose subsidies over layoffs

Politics 11/27/18, 14:49

The Latest on President Donald Trump and General Motors (all times local): 2:40 p.m. President Donald Trump is saying he's "very disappointed" in General Motors closing plants — and he says the White House is "looking at cutting all subsidies" for the auto giant. Trump tweeted his warning Tuesday, a day after GM ...

Wells Fargo to cut 10 percent of workforce over next 3 years

Business 09/20/18, 16:43

Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced on Thursday, which will result in thousands of job losses for employees of the nation's third-largest bank.Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on ...

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