Light Rain Fog/Mist 47°
Tag:

Layoffs

Business
New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation
New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation The largest newspaper publisher in the United States is once again starting another round of layoffs that will affect hundreds of employees across the country, according to multiple news outlets. Earlier Report - Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss On Thursday, Dec. 1, Gannett started terminating the positions of around 200 employees in an effort to cut its news division staff of around 3,440 by six percent, according to Poynter.  The layoffs come only four months after the company terminated hundreds of employees in August following a near…

SHARE

by Ben Crnic
News
Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports
Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports Twitter is set to lay off more than 400 of its employees who are based in New York City, according to a newly-published state filing. The company will lay off 418 employees who work at the company's office at 249 West 17th St. in New York City beginning Feb. 2, 2023, according to a Worker Adjustment and Retraining Notification (WARN) Notice published on Tuesday, Nov. 8. The filing listed the reason for the layoffs as "economic." The news comes amid a wave of thousands of layoffs reportedly affecting nearly half of Twitter employees since Elon Musk took over as CEO of th…

SHARE

by Nicole Valinote
Business
Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss
Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss The largest newspaper publisher in the United States has laid off employees at newspapers across the country following a nearly $54 million quarterly loss, according to multiple news outlets. Gannett's layoffs on Friday, Aug. 12, impacted numerous newsrooms, according to a report from Poynter. Gannett has not released information on the number of employees who were laid off, how many of its 250 newspapers were affected, or whether there will be further staffing cuts. Gannett, which owns USA Today, reported a $53.7 million net loss in its second-quarter report. Adrian Szkolar, a producer a…

SHARE

by Nicole Valinote
Business
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…

SHARE

by Zak Failla
Business
COVID-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores COVID-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores
Covid-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores Men’s Wearhouse and Jos. A. Bank will close up to 500 stores and lay off 20 percent of its corporate workforce, the California-based company has announced.  The company has not announced a timeline for closure. The continuing negative economic impact of COVID-19 was largely blamed for the decision, according to corporate parent company Tailored Brands President Dinseh Lathi. Following these changes, the company expects to pay about $6 million in severance pay and other termination costs. Tailored Brands has an estimated 1,500 stores across all of its brands.

SHARE

by Kristin Palpini
Business
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens of popular and prominent radio hosts across the country were the victims of layoffs at iHeartMedia, the company announced. IHeartMedia, which proclaimed itself “the No. 1 audio company in America” and owns more than 850 radio stations, announced the reorganization as a way to group its markets “by common needs and characteristics” into three divisions, the company said in a release. It is unclear how many of the company’s 12,500 employees were laid off. The layoffs came the day after iHeartMedia announced it would be promoting nine executives to serve as division presidents under the…

SHARE

by Zak Failla
Business
Long Island Manufacturer To Close, Lay Off 63 Long Island Manufacturer To Close, Lay Off 63
Long Island Manufacturer To Close, Lay Off 63 A longtime Long Island manufacturer of parts for the automotive and defense industries has announced it will close in November and lay off all 63 employees. Johnson & Hoffman LLC, who has been located on Voice Road for 70 years in Carle Place, will close on on Nov. 4, due to economic reasons, according to a state WARN notice. The notice, which is required for any mass layoff or closing, was posted the company's website on Friday, Sept. 6. On the website, the company said: "After approximately 70 years in operation, Johnson & Hoffman (J&H) a precision metal stamping company is c…

SHARE

by Kathy Reakes
Business
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level At the 11th hour, the Dolan family, the former owners of Cablevision before it was sold to Altice USA, reached a settlement in a lawsuit regarding layoffs and staffing at News 12 with the new parent company for the 24-hour hyperlocal news network. News 12 will employ at least 371 full-time employees through February 2023 under the agreement, ending a yearlong dispute by the Dolans, who sought a minimum of 462. Altice acquired News 12 when it took over Cablevision three years ago. The lawsuit alleged that Altice had not operated the news company in compliance with the agreement of the deal. …

SHARE

by Zak Failla
Business
RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News
RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News As of 12:01 a.m. on Saturday, Nov. 16, local television news outlet FiOS1 News will cease broadcasting after parent company Verizon declined to pursue a new contract with Rye Brook-based RNN. "Later this year, Verizon will no longer be offering FiOS1 News, said Verizon spokesman Tony McNary. "We have partnered with RNN for over 10 years to deliver award-winning hyperlocal news coverage on FiOS1. We know how important hyperlocal news is to our FiOS customers and will be sharing more options soon. We wish RNN and their employees well during this transition." The end of the contract will leave…

SHARE

by Kathy Reakes
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…

SHARE

by Zak Failla