Hasbro Inc. said on Thursday it would cut about 15 percent of its global workforce this year, and projected holiday-quarter results to be well below Wall Street expectations amid weakening demand for its toys and games. Shares of the maker of Transformers toys fell more than 7 percent to $59.25 in extended trading after the […]
Bracing for a recession, one company out of five in the United States plans to lay off workers in the coming months, according to a new survey. The FDA is trying to simplify the COVID vaccine process to make it more like getting a flu shot every year. Social Security is running out of money. […]
LONDON—Google is laying off 12,000 workers, or about 6 percent of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Google CEO Sundar Pichai, who also leads its parent company Alphabet, informed staff Friday at the Silicon Valley giant about the […]
More storms are expected to hit California over the weekend. Officials are asking residents to evacuate areas that may see flooding. A Southern California woman is pleading to local authorities for help. Two of her family members have been detained by Chinese Community Party officials. The CEO of a California-based company provided his insights on […]
NEW YORK—The mass layoffs that began in Amazon’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout […]
Twitter Inc. on Thursday announced it was temporarily closing its offices, effectively immediately, and suspending all employee badge access. In a message sent to employees and published by the BBC, Twitter said its offices would reopen on Nov. 21, without providing a reason behind the temporary shutdown. “Hi, effective immediately, we are temporarily closing our […]
Twitter says it has sent out emails to all of its employees, determining their fate in or out of the company. In response, some of its employees filed a class action lawsuit alleging the company laying off employees on such a short notice is illegal.
Ford will be cutting around 3,000 jobs globally, a spokesperson said, with the move coming amid long-running speculation that the automaking giant was looking to reduce headcount as it seeks to address its “uncompetitive” cost structure as inflation has soared. Cathie Hargett, Manager of Corporate Communications at Ford, told The Epoch Times in an emailed statement […]
Good news for homebuyers: Mortgage rates are dropping below 5 percent for the first time since April. Walmart is laying off corporate employees after slashing its profit outlook just last week. One state is investigating ESG ratings for the first time ever. Missouri’s attorney general believes financial services firm Morningstar may have violated state law. The […]
