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Job Layoff

Business
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Facebook Parent Company Meta Laying Off More Than 11,000 Workers
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …

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by Joe Lombardi
Business
LED Lighting Manufacturer Will Close Hudson Valley Facility, Resulting In 136 Layoffs LED Lighting Manufacturer Will Close Hudson Valley Facility, Resulting In 136 Layoffs
LED Lighting Manufacturer Will Close Hudson Valley Facility, Resulting In 136 Layoffs A manufacturer of LED lighting has announced it will close its plant in the Hudson Valley next year. Cincinnati-based LSI Industries Inc., a maker of LED lighting, gave notice to the state that it will be shutting its Orange County facility in New Windsor and laying off 136 employees. According to the state Department of Labor, LSI Industries will begin the first layoffs on Jan. 28, 2019 and be completed by June 30, 2019.  The final closing date for the plant is June 30th according to a Worker Adjustment and Retraining Notice filed with the Department of Labor. The company makes…

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by Kathy Reakes