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Layoff

Business
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program 400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years. REI announced the shutdown of its Experiences division in a news release on Wednesday, Jan. 8. The decision will result in 438 layoffs for 180 full-time employees and 248 part-time guides as the company shifts focus to its core business. The retail chain cited ongoing financial challenges as the reason for ending the program. Experiences included adventure travel, day to…

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by Chris Spiker
Business
Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report
Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report The Washington Post is bracing for significant layoffs this week, with dozens of employees in the business division expected to lose their jobs, according to a report. Layoffs are set to shake The Washington Post, targeting the business division of the Jeff Bezos-owned and Will Lewis-led newspaper, Oliver Darcy reported in his Status newsletter. Sources said the cuts will be substantial, potentially impacting dozens of employees. The news comes as morale continues to plummet at the newspaper, which has recently experienced a wave of high-profile departures. Star reporter Josh Dawsey is…

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by Chris Spiker
Business
Covia To Shut Down New Canaan Offices, Lay Off 60 Covia To Shut Down New Canaan Offices, Lay Off 60
Covia To Shut Down New Canaan Offices, Lay Off 60 Minerals and materials firm Covia has announced it will close its New Canaan facility, laying off 60 employees. According to the Connecticut Department of Labor Warn Notice, Covia made the announcement last week that it will begin closing the plant in the first quarter of 2019 with a complete closure date of 2020. Covia, located at 258 Elm St.,  became a business following a May merger of  New Canaan-based Unimin Corp. with Independence, Ohio-based Fairmount Minerals.  According to shareholder reports, the company reported a net loss of $289 million for the last qu…

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by Kathy Reakes