‘Disappointing’ Quarter Drives Big 3M Stock Drop
The shares had their worst day in 30 years after the company missed earnings estimates and announced plans to lay off 2,000 workers.
U.S. Layoffs Jump, But Payrolls Expected to Grow
The unemployment rate remains at historically low levels amid the mixed labor numbers.
Macy’s to Cut Top Jobs as Part of Savings Plan
The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.
Activision Blizzard to Lay off 8% of Workforce
Most of the job cuts will come from support staff as the video game publisher prioritizes investment in its biggest franchises.
Tesla to Slash Full-Time Workforce by 7%
CEO Elon Musk says costs must be cut because "our products are still too expensive for most people.”
GM to Idle Plants, Lay Off 8,000 Salaried Staff
The moves are part of GM's effort to position itself for a future of electric and autonomous vehicles.
Tesla to Cut 9% of Workforce in Profit Push
"It is clear that Tesla is under tremendous pressure to finally turn a profit and is attempting to address it by cutting overhead."
Rent-A-Center Cuts 250 Jobs, Confirms Offers
The struggling furniture and equipment rental firm has been under pressure from activist investors to sell itself.
Kimberly-Clark to Cut 12-13% of Workforce
The layoffs will add to last year's $450 million in cost savings as the personal care company continues to adjust to weak sales in North America.
Teva to Cut 14,000 Jobs in ‘Drastic’ Overhaul
The drugmaker says "there is no alternative" to its restructuring plan amid pricing pressure on its core generics business.
Alexion to Cut 20% of Workforce, Move HQ
The drugmaker is restructuring as it tries to rebuild its drug pipeline amid investigations of its sales practices.