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Walgreens to Cut Jobs, Suspend Buybacks

Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K. and suspend stock buybacks as demand fell off in its international business during the drugstore chain’s latest quarter. The pharmacy […]

By |2020-07-10T14:09:38-04:00July 10th, 2020|Articles|Comments Off on Walgreens to Cut Jobs, Suspend Buybacks

Rough Quarter for Car Sales

Most automakers have shifted to a quarterly release of U.S. new-vehicle sales data, but if they were hoping to limit the number of bad headlines during the Covid-19 crisis, perhaps a biannual or even biennial […]

By |2020-07-02T11:25:55-04:00July 2nd, 2020|Articles|Comments Off on Rough Quarter for Car Sales

Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs

Boeing’s Massive Layoff Plan

Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]

By |2020-05-28T11:08:29-04:00May 28th, 2020|Articles|Comments Off on Boeing’s Massive Layoff Plan

Airbnb to Cut 25% of Workforce

Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations, as the home-sharing giant predicted the coronavirus pandemic would change its business even after more […]

By |2020-05-06T11:48:12-04:00May 6th, 2020|Articles|Comments Off on Airbnb to Cut 25% of Workforce