Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem
Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.
3M Stock Falls on Earnings Miss, New Layoffs
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
Morgan Stanley Prepares for 2020 With Job Cuts
The bank is laying off about 2% of its workforce in a move that reflects its concerns over the economic outlook.
Postmates Closes in Mexico to Focus on U.S.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
MedMen to Lay off 190 Workers in Profit Push
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
HP to Shed up to 9,000 Jobs in Restructuring
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
Uber to Cut 435 Jobs as Streamlining Continues
"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
Deutsche Bank Slashing 18K Jobs as Part of Massive Restructuring
Deutsche Bank CEO: "Saying goodbye to Wall Street is absolutely the wrong assessment."
‘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.