ESPN to Cut 500 Jobs
Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]
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 […]
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 […]
MGM Resorts Warns of Layoffs
The furloughs of almost 63,000 MGM Resorts International employees soon could turn into layoffs. A legal notice sent to many employees Tuesday, obtained by the Review-Journal, is another indication that Las Vegas resort operators are […]
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 […]
Shake Shack to Return Loan
Growing Backlash
Shake Shack plans to return a $10 million loan it received under an emergency small business rescue program, amid a growing backlash against big businesses that got the money before $350 billion in funding lapsed last week. The burger chain was just one of several large restaurant operators and publicly traded companies that secured tens of millions of dollars in "Paycheck Protection Program" loans...