Job Cuts

Most industries forced to turn furloughs into permanent cuts

Featured - September 02, 2020

The employment situation continues to remain grim as major companies prepare to hand out pink slips to thousands of employees in the wake of unprecedented economic challe...

Nike announces layoffs on the heels of dismal quarter results

Featured - June 27, 2020

Nike, the sportswear brand, announced a dismal fiscal fourth quarter for 2020, and on the same day, the CEO of the company, John Donahoe, sent an email to employees warni...

Renault to Cut 15000 Jobs as Revenues and Sales Fall

Featured - May 31, 2020

Renault, the French carmaker, announced that it will be cutting 15000 people from its workforce worldwide as part of a two billion-euro cost-cutting plan. The jobs will b...

Uber to cut 3,700 jobs, close 180 driver centers

Featured - May 09, 2020

Uber Technologies Inc., the ride-hailing company, reported its biggest loss in the last three-quarters of $2.9 million in its latest earnings report. Uber’s loss we...