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“#ESPN laying off 300 employees in huge pandemic-related cuts” ESPN informed employees early Thursday that it would lay off 300 people across its business, while also not filling 200 currently open positions as the pandemic continues to harshly impact ESPN and its parent company, Disney. The message was sent from ESPN president Jimmy Pitaro in…
“#Philadelphia Inquirer shutters printing plant, cuts 528 jobs” The Philadelphia Inquirer said it will lay off 528 people when it shuts down the printing plant where the paper and the Philadelphia Daily News have been printed since 1992. The grisly headcount, filed with the Pennsylvania Department of Labor in recent days, is slightly higher than…
“#Charles Schwab to cut 1,000 staffers after TD Ameritrade takeover” Charles Schwab and TD Ameritrade’s merger aimed at dominating the discount stock-trading market will come with a cost for some of their staffers. Schwab plans to lay off about 1,000 workers now that it’s acquired its one-time rival in an effort to “reduce overlapping or redundant…
“#B&H accused of discrimination by furloughed workers” Some furloughed employees at B&H Photo Video fear that they recently lost their jobs for good — and claim it’s because they reported unsafe working conditions during the coronavirus outbreak. After complaining about the company’s handling of the pandemic back in March — including packed indoor prayer services…
“#Universal Studios Hollywood has laid off 2,200 workers since July” Universal Studios Hollywood, a Los Angeles theme park that has been closed since March due to the pandemic, has cut roughly 2,200 jobs in the last four months, according to public documents. Worker Adjustment and Retraining Notification notices filed by the NBCUniversal theme park revealed…
“#Layoffs a matter of if, not when, for booming Wall Street” With the markets near all-time highs, IPOs booming and dealmaking such as Morgan Stanley’s purchase of Eaton Vance picking up, it would seem like layoffs would be the last thing that big banks and investment houses are weighing. But those who run Wall Street…
“#HBO owner WarnerMedia reportedly planning thousands of job cuts” WarnerMedia, the entertainment division of AT&T, is readying to slash thousands of jobs to help reduce costs by as much as 20 percent, according to a new report Thursday. The division, which includes cable channels HBO, CNN, Hollywood studio, Warner Bros. and streaming service HBO Max,…
“#Quartz up for sale just two years after it was sold by Atlantic Media” Quartz is on the block again just two years after a Japanese news aggregation and media company agreed to buy the struggling financial news site from Atlantic Media. At the time of the July 2018 sale, the sale price for the…
“#Wells Fargo lays off 700, sees deeper cuts to come” Charlie Scharf is kicking more folks off the stagecoach. The Wells Fargo chief has resumed layoffs after his plans were stymied by the onset of the coronavirus, and will move forward with deeper job cuts as he gets back to cutting costs at the scandal-plagued…
“#US energy industry has cut 107K jobs during COVID-19 crisis” American oil, gas and chemical companies axed 107,000 workers during the coronavirus crisis — and most of them won’t have their jobs back by the end of next year, a new study says. Those job cuts imposed over just six months, from March to August,…