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Job Cuts

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Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi
News
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Wall Street giant Morgan Stanley will be cutting hundreds of jobs due to an “uncertain global economic outlook,” according to a new report. Morgan Stanley will be cutting approximately 1,500 jobs - roughly 2 percent of its workforce - impacting employees in technology, operations, sales trading, and research. The New York-based bank currently employees more than 60,000 people. According to CNBC, in October, Morgan Stanley posted third-quarter profit and revenue figures that beat analysts’ expectations. The company produced $10.1 billion in revenue, exceeding analysts’ estimates by appr…

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by Zak Failla
Business
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees J.C. Penney says it will close eight stores in 2018, resulting in 480 job cuts. This comes after the department store chain shuttered 140 stores in 2017. The eight stores scheduled for closure this year are: Hampton Village Plaza in St. Louis, Missouri Garden State Plaza in Paramus, New Jersey Sandburg Mall in Galesburg, Illinois Viking Plaza in Alexandria, Minnesota Washington Park Mall in Bartlesville, Oklahoma Cascade Mall in Burlington, Washington Calexico Store in Calexico, California Knox Village Square in Mt. Vernon, Ohio J.C. Penney had announced earlier this week, 600 jobs would …

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by Joe Lombardi
Business
Macy's To Close Seven Stores, Cut 5,000 Jobs Macy's To Close Seven Stores, Cut 5,000 Jobs
Macy's To Close Seven Stores, Cut 5,000 Jobs Department store chain Macy's announced the locations of seven store closures as well as plans to eliminate 5,000 jobs.The latest move comes after a slight uptick in holiday sales in which Macy's reported a 1 percent boost in sales in November and December compared to the same period last year. Macy's had previously announced it would be closing 11 stores, identifying four. The seven that were not initially identified are: Miami (Downtown), Miami, FL The Oaks, Gainesville, FL Novato (Furniture), Novato, CA Honey Creek Mall, Terre Haute, IN Birchwood Mall, Fort Gratiot Township, MI Fountain…

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by Daily Voice