Layoffs

January 11, 2019 - 5:54 pm
HAWTHORNE, Calif. (AP) — SpaceX is laying off 10 percent of its roughly 6,000 workers, saying it needs to get leaner so it can succeed in enormous projects such as creating an interplanetary spacecraft. The Los Angeles Times reports that the cuts were announced Friday in an email to employees of...
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Chairwoman and CEO of General Motors Mary Barra is interviewed on the floor of the New York Stock Exchange, Friday, Jan. 11, 2019. General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday. (AP Photo/Richard Drew)
January 11, 2019 - 8:58 am
DETROIT (AP) — General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday. Shares jumped nearly 9 percent in midday trading. CEO Mary Barra also says the company doesn't foresee...
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FILE - In this Tuesday, Aug. 22, 2017 file photo, a Ford emblem is seen on a car at a store in London. Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars. In a statement, the company said Thursday, Jan. 10, 2019 that "structural cost improvements will be supported by a reduction of surplus labor," both hourly and salaried. (AP Photo/Frank Augstein, File)
January 10, 2019 - 8:28 am
FRANKFURT, Germany (AP) — The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs. Ford Motor Co. said it will drop an unspecified...
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Staff gather inside the gates of the Jaguar Land Rover site in Halewood near Liverpool, England, Thursday Jan. 10, 2019. According to media reports, Jaguar Land Rover is widely expected to announce up to 5,000 job cuts as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.'s Brexit departure from the European Union. (Peter Byrne/PA via AP)
January 10, 2019 - 6:04 am
LONDON (AP) — Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.'s departure from the European Union. The luxury carmaker, owned by India's Tata conglomerate, said the cuts will be in addition to 1,500...
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In a Dec. 7, 2009 file photo, Michigan Gov. Jennifer Granholm drives a pre-production Chevrolet Volt at the Hamtramck Assembly plant in Hamtramck, Mich. GMs' planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for "putting America on wheels," but the closure and job losses are not expected to stall-out Detroit's remarkable comeback following its 2014 bankruptcy exit. GM wants to close four facilities in the United States and one in Canada. (AP Photo/Carlos Osorio)
December 08, 2018 - 6:21 am
DETROIT (AP) — General Motors' planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for "putting America on wheels," but the closure and job losses are not expected to stall-out Detroit's comeback since its 2014 bankruptcy exit. Experts say a...
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FILE - In this May 25, 2018 file photo members of the supervisory board sit in front of the company logo during the annual shareholders meeting of German chemical giant Bayer AG in Bonn, Germany. Bayer said Thursday, Nov 29, 2018 it will cut 12 000 jobs, most of them in Germany. (AP Photo/Martin Meissner, file)
November 29, 2018 - 6:13 am
BERLIN (AP) — German pharmaceutical giant Bayer AG says it's cutting 12,000 jobs worldwide as it seeks to reduce costs. The Leverkusen-based company said Thursday that details of the cuts to its 118,200-stong workforce would be worked out in coming months but that "a significant number" of the...
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In this Nov. 26, 2018, photo, President Donald Trump speaks at a rally in Biloxi, Miss. Trump said Tuesday, Nov. 27, that he was “very disappointed” that General Motors was closing plants in the United States and warned that the White House was “now looking at cutting all GM subsidies,” including for its electric cars program. (AP Photo/Alex Brandon)
November 27, 2018 - 3:16 pm
WASHINGTON (AP) — President Donald Trump tested the limits of his presidential authority and political muscle as he threatened Tuesday to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the U.S. Trump unloaded on Twitter a day after GM announced it would...
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November 13, 2018 - 7:41 pm
NEW YORK (AP) — Around two dozen employees will be laid off in a re-organization at Hachette Book Group. The publisher announced Tuesday that various imprints would be consolidated and merged, ranging from the religious imprint FaithWords to the feminist Seal Press. Among those leaving are Hachette...
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FILE - In this April 26, 2018, file photo, the Star Wars Hans Solo Mighty Muggs, by Hasbro, are demonstrated at the TTPM 2018 Spring Showcase, in New York. Hasbro Inc. (HAS) on Monday, Oct. 22, reported third-quarter earnings of $263.9 million. (AP Photo/Richard Drew, File)
October 22, 2018 - 8:37 am
NEWARK, N.J. (AP) — Hasbro, wrestling with the demise of Toys R Us and elusive shoppers spending a lot more on high-tech gadgets, fell well short of third-quarter expectations Monday and said it will cut some jobs to save costs. The toy maker, whose brands include Monopoly and Play-Doh, did not...
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British Prime Minister Theresa May walks off the podium after a media conference during an EU summit in Brussels, Thursday, Oct. 18, 2018. EU leaders met for a second day on Thursday to discuss migration, cybersecurity and to try and move ahead on stalled Brexit talks. (AP Photo/Alastair Grant)
October 21, 2018 - 5:22 am
LONDON (AP) — The vast majority of British firms are poised to implement their Brexit contingency plans by Christmas if there isn't greater clarity over the country's exit from the European Union, a leading business group warned Sunday. The Confederation of British Industry said these plans could...
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