corporatelayoffs
Tribune Publishing is laying off nearly 200 workers at its Freedom Center plant beginning April 22, about two months ahead of the newspaper company’s planned relocation of printing operations to Schaumburg. The layoffs, reported to the state last week, reflect the outsourcing of a weekly pre-printed advertising package that has long been assembled at Freedom Center, but exceeds the capacity of the new printing facility, the company said Tuesday. Last year, Bally’s agreed to pay Tribune Publishing, owners of the Chicago Tribune and other newspapers, $150 million to vacate the Freedom Center by ...
Chicago Tribune
Two years of wrenching tech layoffs have weighed down the Bay Area’s job market in a big way — but experts say the impact has been somewhat mitigated by an industry realignment that’s led to significant hiring even as thousands of positions have been cut. For decades, Silicon Valley has engaged in what tech insiders and sages call “creative destruction.” The current convulsions in the local economy may represent the latest iteration of that metamorphosis as companies execute lightning-quick shifts to artificial intelligence, clean tech and green energy industries. “Tech is seeking new kinds of...
The Mercury News
ST. LOUIS — Agribusiness giant Bayer is asking its employees to volunteer for severance packages as the company readies for layoffs and navigates a shift to a "new operating model." The move, announced in an email to workers last week, comes after years of financial turmoil and months of recent descriptions from Bayer of an upcoming push to restructure — and trim — its personnel. It was not immediately clear how many of Bayer's St. Louis-area jobs could be slashed amid the corporate overhaul of the life sciences conglomerate, nor the timeline for making the cuts. The company said Tuesday that ...
St. Louis Post-Dispatch
Tech companies have revealed decisions to slash more than 3,900 jobs in the Bay Area so far in 2024, cutbacks fueled by hundreds of staffing reductions in February that hint at a forbidding year for the crucial industry. Salesforce, Snap, Maxar Space and Activision Blizzard are among the high-profile companies that have disclosed plans for job cuts affecting their employees in the Bay Area, according to official filings with the state Employment Development Department. All told, tech companies have disclosed plans to eliminate 3,950 jobs in the Bay Area in 2024, according to this news organiza...
The Mercury News
SAN JOSE, California — Tech companies have chopped several hundred more jobs in the Bay Area, a fresh round of layoffs that has made January 2024 the worst month for high-tech staffing reductions in this area in a year. PayPal, ChargePoint, Twitch and Discord are among the tech companies that have recently disclosed plans for job cuts in the Bay Area. All told, tech companies have disclosed plans for the elimination of a combined 929 jobs in the Bay Area in the most recent rounds of cuts, according to official WARN notices filed with the state Employment Development Department (EDD). Here are ...
The Mercury News
Microsoft is cutting about 1,900 jobs in its gaming division, including Xbox, ZeniMax and recently acquired Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a memo to employees Thursday. The cuts will affect 8.6% of employees who work in gaming. Spencer said Microsoft Gaming and Activision Blizzard leadership identified “areas of overlap” between the two companies and are aligned “on a strategy and an execution plan with a sustainable cost structure that will support the whole of our growing business.” Three months ago, Microsoft completed its $69 billion acquisition of “Call of ...
The Seattle Times
REI is laying off 357 employees as the company braces for a challenging year, CEO Eric Artz told employees on Thursday. The cuts represent 2.2% of REI’s total workforce. According to the memo, layoffs will affect 200 headquarters employees, six from sales and customer support, 30 from teams that support classes and multiday trips, and 121 in distribution centers. Employees who work in the Seattle-founded company’s stores will not be affected. The layoffs were primarily driven by financial necessity, Artz said. But the company also “took a strategic approach to evaluating team structures agains...
The Seattle Times
NEW YORK — Academy Award-winner Anne Hathaway reportedly walked off a Vanity Fair photo shoot Tuesday morning in support of union workers protesting Condé Nast. Nearly 400 employees participated in a 24-hour strike Tuesday in protest of the high-end publishing company’s negotiation practices. According to Variety, “once Anne was made aware of what was going on, she just got up from hair and makeup and left.” Hathaway — who famously starred as a young journalist subject to a cold and abusive boss in the 2006 film “The Devil Wears Prada” — was reportedly unaware of the planned work stoppage when...
New York Daily News
Tech companies have disclosed plans to slash more than 1,000 additional jobs in the Bay Area, cutbacks that suggest the high-tech sector in the region is off to an ominous start in 2024, official state notices show. LinkedIn, a work- and career-oriented social network; Cruise, a self-driving car company; and Carbon, a 3-D digital printing firm, are among the tech companies to officially reveal the local impact of layoffs they have been planning, documents on file with the state Employment Development Department. Here are the details of the impact on the Bay Area job market of the layoffs in WA...
The Mercury News
FORT WORTH, Texas — Bally Sports and parent company Diamond Sports Group announced a restructuring of their debt Wednesday that would allow the organization to emerge from bankruptcy and could make it easier for fans of the Texas Rangers, Dallas Mavericks and Dallas Stars to see their games. As a part of the deal, Amazon would make a minority investment in Diamond Sports Group and gain the rights to stream games from the NBA, MLB and NHL on Amazon Prime for teams under contract to Bally Sports. Bally Sports has the rights to broadcast Rangers, Mavericks and Stars games among over 30 other prof...
Fort Worth Star-Telegram
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