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Job Layoffs

Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Business
Amazon Plans To Lay Off Around 10,000 Employees, Report Says Amazon Plans To Lay Off Around 10,000 Employees, Report Says
Amazon Plans To Lay Off Around 10,000 Employees, Report Says A week before the holiday shopping season officially kicks off, Amazon is set to begin laying off approximately 10,000 corporate and technology employees, The New York Times reports. Job cuts at the online retail giant were expected to start the week of Monday, Nov. 14, and will primarily affect Amazon’s retail, devices, and human resources divisions, according to the outlet. The largest in its history, the layoffs would impact 1 percent of the company’s global workforce and 3 percent of its corporate employees. It follows several other cost-cutting moves that CEO Andy Jassy has implemente…

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by Michael Mashburn
News
Plan Calls For Cutting Thousands Of MTA Jobs In First Significant Layoff Since 2010 Plan Calls For Cutting Thousands Of MTA Jobs In First Significant Layoff Since 2010
Plan Calls For Cutting Thousands Of MTA Jobs In First Significant Layoff Since 2010 A new reorganization plan from the MTA may lead to the loss of as many as 2,700 jobs. Consulting group AlixPartners released a new report stating that the new reorganization plan may leave thousands out of work, while saving the MTA upwards of $350 to $500 million annually. It would be the MTA's first significant round of layoffs since 2010. Under the plan, as many as 1,900 to 2,700 jobs may be eliminated, including some through mass layoffs - though officials note the process could take at least two years to implement. The proposal represents approximately a 4 percent decrease in the …

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by Zak Failla