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Layoffs

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  • UPDATE 1-Macy's to cut jobs, close 14 stores Thursday, 8 Jan 2015 | 6:35 PM ET

    Macy's, which owns the high-end Bloomingdale's chain, said the move would help offset higher expense expected from healthcare and retirement plans. Picking up goods from stores after ordering online, a service being rolled out at all large Macy's and Bloomingdale's stores, has also gained popularity as shoppers can save shipping charges and collect orders...

  • Macy's to cut jobs, close 14 stores Thursday, 8 Jan 2015 | 4:54 PM ET

    Jan 8- Macy's Inc said it would close 14 stores in early spring 2015 and cut some jobs to boost its investment in technology and offset higher expense expected in healthcare and retirement plans. The retailer said it expected savings of about $140 million per year, beginning in 2015.. Macy's said its workforce is expected to remain at a level of about 175,000 as it...

  • WASHINGTON, Jan 8- The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined for a second straight month in December, adding to signs of a strengthening labor market. Initial claims for state unemployment benefits slipped by 4,000 to a seasonally adjusted 294,000 for the week ended Jan. 3, the Labor Department said...

  • 2014 saw fewest job cuts since 1997: Challenger Thursday, 8 Jan 2015 | 7:41 AM ET
    Job cuts pink slip

    The number of planned layoffs by U.S. employers fell 9.2 percent in December, capping off a year that saw the fewest job cuts since 1997.

  • WASHINGTON, Jan 7- U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday and signs of ever-stronger consumer spending confirmed the United States remains the bright...

  • UPDATE 1-Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 10:04 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it went ahead with the closure of 338 stores. The closed stores accounted for almost half of Wet Seal's net sales of about $317 million in the nine months to Nov. 1. The closures will result in pre-tax charges of $5.4 million- $6.4 million, Wet Seal...

  • Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 9:26 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it closed 338 retail stores. The closures followed Wet Seal's failure to successfully re-negotiate meaningful concessions from landlords, the company said. The closed stores accounted for almost half of Wet Seal's net sales for the nine...

  • Aveo Oncology to cut two-thirds of workforce Wednesday, 7 Jan 2015 | 7:05 AM ET

    Jan 7- Aveo Oncology said its plans to cut two-thirds of its workforce, or 40 positions, as a part of a restructuring that includes the departure of Chief Scientific Officer Jeno Gyuris.

  • Jan 6- United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. Canada's Crescent Point Energy Corp, for example, said on Tuesday it would cut its spending by about 28 percent in 2015.. Oil service companies Schlumberger Ltd and Civeo Corp have also...

  • U.S. Steel to idle Ohio pipe plant as oil prices drop Tuesday, 6 Jan 2015 | 11:32 AM ET

    Jan 6- United States Steel Corp said it would temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614 workers, largely due to weak demand from the oil industry. The layoffs will begin in early March, a spokeswoman said. The Wall Street Journal first reported the impending layoffs earlier on Tuesday.

  • Atlantic City is eager for this after its worst year Monday, 29 Dec 2014 | 8:17 AM ET
    The Showboat Casino in Atlantic City, New Jersey.

    Few people are more eager to see the clock strike midnight on Dec. 31 than Atlantic City casino workers who still have jobs there.

  • Companies face looming war for talent: Challenger Thursday, 4 Dec 2014 | 9:20 AM ET
    Pink slip job cut

    Higher wages and a war for talent are on the horizon as companies compete for a shrinking pool of skilled labor, John Challenger says.

  • Planned layoffs surge 70 percent in October Thursday, 6 Nov 2014 | 7:30 AM ET
    Job cuts pink slip

    The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.

  • Target marks 11 underperforming stores for closure Tuesday, 4 Nov 2014 | 5:13 PM ET
    Target store

    Target will shutter 11 stores in the US, more than it has closed in the last two years combined.

  • HBO to lay off about 7% of workers: Report Tuesday, 28 Oct 2014 | 10:34 AM ET
    Richard Plepler, HBO Chief Executive Officer

    HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.

  • Number of planned job cuts sinks to 14-year low Thursday, 2 Oct 2014 | 10:31 AM ET
    Worker jobs

    The number of planned layoffs by U.S. employers fell to a 14-year low in September, according to a report by Challenger, Gray & Christmas.

  • Six tips for unemployed executives Thursday, 25 Sep 2014 | 2:35 PM ET
    Find job button on keyboard

    There is no shame in being unemployed—even if you're an executive. So shake the stigma and check out these tips from a headhunter.

  • Advice to IBM management: Don’t be jerks Monday, 22 Sep 2014 | 2:48 PM ET

    IBM's pay-to-play memo to employees is disturbing, says career coach Marie McIntyre. Here's some advice for IBM management.

  • US firm in China meat scandal lays off 340 staff Monday, 22 Sep 2014 | 7:20 AM ET
    A sign reading that there is only a limited menu available is seen at a McDonald's restaurant on July 28, 2014 in Shanghai.

    A U.S. meat supplier is laying off most of the workforce of a China subsidiary accused of selling expired meat to KFC, McDonald's and other customers.

  • I applaud IBM's retrain-or-be-fired memo Thursday, 18 Sep 2014 | 1:04 PM ET

    IBM's memo to select staff forcing them to take a pay cut and retrain may seem harsh but it makes sense for investors, this hedge-fund manager says.