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More layoffs, more job cut newss...

  • Digest: CN CEO says railroad can likely avoid further layoffs ...

The company made significant layoffs in the second quarter when freight volume dropped dramatically because of the pandemic, but has recalled some of those...

https://trn.trains.com/news/news-wire/2020/11/19-digest-cn-ceo-says-railroad-can-likely-avoid-further-layoffs-this-year

#news

Saratoga Springs Layoffs in November 2020

This is for the entire city...

city leaders make progress toward avoiding layoffs

Commissioner Madigan said Thursday evening she's hopeful layoffs will be avoided but warns, "There will still be some shared pain and sacrifice." Copyright 2020...

https://wnyt.com/capital-region-comeback/saratoga-springs-city-leaders-make-progress-toward-avoiding-layoffs/5929699/?cat=10114

#news

Kentucky Venues Layoffs (Nov 2020)

  • Kentucky Venues issues layoffs due to COVID-19 pandemic

The state agency that manages the Kentucky Exposition Center and Kentucky International Convention Center in Louisville has laid off a chunk of its workforce...

https://www.wlky.com/article/kentucky-venues-issues-layoffs-due-to-covid-19-pandemic/34730871

#news #KentuckyNews

Possible Cuts in the Port

  • Port Authority adds to chorus of grim 2021 budget woes as agency weighs layoffs, cuts
Potential layoffs, sweeping cuts and fewer future capital projects are among the drastic measures the Port Authority of New York and New Jersey is considering...

https://www.northjersey.com/story/news/transportation/2020/11/19/port-authority-weighs-layoffs-cuts-2021-revenue-declines/6342395002/

#news #NewJerseyNews

Eliminating 67 filled and vacant positions in Tulare County

The decision marks the first mass layoff the county has approved since similar cuts were made to the county's Health and Human Services Agency during the...

https://www.visaliatimesdelta.com/story/news/2020/11/19/tulare-county-layoff-dozens-child-support-workers/6319729002/

#news #TulareCaNews #TulareCountyNews

UPS & Walmart Hiring Seasonal Workers In Denver Area

DENVER (CBS4) — UPS and Walmart are both hiring in Colorado ahead of the holiday season. UPS is hiring more than 1,200 workers in the Denver area and...

https://denver.cbslocal.com/2020/11/18/denver-ups-walmart-hiring-seasonal-workers/

#news

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Jackson Hewitt holding its second national hiring event

KNOXVILLE, Tenn. (WATE) — For the week of November 16, Jackson Hewitt will be holding its second national hiring event. They are looking to fill up to 22,000...

https://www.wate.com/news/business-buzz/jackson-hewitt-holding-its-second-national-hiring-event/

#news #JacksonHewittTaxServiceNews #JacksonHewittNews

White River National Forest Hiring For 160 Temporary Summer Jobs - that is some good news

SILVERTHORNE, Colo. (CBS4) – The White River National Forest is accepting applications for more than 160 temporary summer jobs. The application period is...

https://denver.cbslocal.com/2020/11/18/white-river-national-forest-hiring-160-temporary-summer-jobs/

#news #ColoradoNews


White River National Forest Hiring For 160 Temporary Summer Jobs

SILVERTHORNE, Colo. (CBS4) – The White River National Forest is accepting applications for more than 160 temporary summer jobs. The application period is currently open through Nov. 27.

The temporary wildland fire jobs include firefighters, helitack crew members and dispatchers. The positions are based in Grand Junction, Rifle, Eagle and Silverthorne.

“These temporary positions are open to people across the country, and we want to make sure local residents know about this great opportunity to work for their local forest,” said Acting Forest Supervisor Lisa Stoeffler.

Officials plan to make job offers in January. The season typically starts in April and ends in October, depending on weather and funding.

Forest officials plan to advertise 150 additional positions in early December. The jobs include customer service, recreation, wilderness and trails, biological technicians in wildlife, fisheries and botany, range management and equipment operators.

Locations include Aspen, Carbondale, Eagle, Glenwood Springs, Meeker, Minturn and Silverthorne. Position starting and ending dates vary, officials said, but they cover the 2021 field season, typically April or May through September.

Candidates can apply for the jobs at USAJobs.gov. For more information about positions across the Rocky Mountain Region, visit fs.usda.gov/detail/r2/jobs.

For questions about job openings, call (970) 404-3172 or visit fs.usda.gov/main/whiteriver/about-forest/jobs.

State program to help business owners avoid layoffs during pandemic

COUNTY, OR (KPTV) – As part of a statewide freeze to stop the spread of the coronavirus, gyms in Oregon...

https://www.kctv5.com/state-program-to-help-business-owners-avoid-layoffs-during-pandemic/article_ffc7a929-b2ec-5a58-a4a2-3387abc90e36.html

#news #OregonNews


Multnomah County will have this freeze period extended for at least four weeks. Fulcrum Fitness held one of its last in-person outdoor workouts before the freeze goes into effect on Nov. 18.

Multnomah County will have this freeze period extended for at least four weeks. Fulcrum Fitness held one of its last in-person outdoor workouts before the freeze goes into effect on Nov. 18.

MULTNOMAH COUNTY, OR (KPTV) – As part of a statewide freeze to stop the spread of the coronavirus, gyms in Oregon will once again have to close.

Multnomah County will have this freeze period extended for at least four weeks. Fulcrum Fitness held one of its last in-person outdoor workouts before the freeze goes into effect on Nov. 18.

The founder, David Leavy, said they changed their entire format to outdoors so that they could hold classes safely, but they still will have to move everything online.

“We have upgraded our entire operation to be outdoors at not just the gyms, but we also operate in six Portland parks. So these workouts have been up and running as a way to hedge against this issue, and we spent countless hours understanding how to do this safely,” Levy said.

He said it’s a challenging situation but understands why this freeze is necessary.

“It’s certainly frustrating and disappointing but also balanced by the understanding that there’s a need to do this,” he said.

Fortunately, this time around, he said he wouldn’t have to lay off any of his employees because of the Oregon Work Share program.

He said it’s the best option right now.

He plans to make up for the cuts later on.

“We’ve even expressed to our client base, our member base, that the percentage of revenue that we take in from people who are willing to stick with us during this virtual session,” he explained. “The company is going to match that to buffer what we can to keep people as close to paid as possible through some series of bonuses at a later date,” Levy said.

He feels more confident this time around that his employees will get the benefits they need in a more timely manner from the Oregon Employment Department.

“I called, and they answered on the second the second ring, which was nice and surprising, and I expressed that and they said well we’ve made a lot of upgrades at the agency including a ton of staff,” he said.

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Suit

National Nurses United filed federal lawsuits in Missouri and Kansas against two local hospitals owned by HCA Healthcare Inc. (NYSE: HCA), arguing the...

https://www.bizjournals.com/kansascity/news/2020/11/18/nurses-union-sues-hca-hospitals-menorah-research.html

#news #HcaHoldingsNews #HCAHoldingsIncNews

challenges

Layoffs have been a perennial problem with the cash-strapped district, but then the pandemic hit and teachers began retiring. Spalding says he thinks the district...

https://www.timesheraldonline.com/2020/11/18/new-vallejo-superintendent-of-schools-looks-forward-to-the-challenge

#news #VallejoNews #CityofVallejoNews

Whiting Refinery Cuts

  • Adjustment Retraining Notification Act filing warning of the mass layoff.... company would cut about 10,000 jobs through buyouts and layoffs worldwide as it...

https://www.nwitimes.com/business/local/bp-warns-it-may-lay-off-more-than-250-in-chicago-and-make-cuts-at/article_25135be0-7bda-579a-9651-d131a6e16ed2.html

#news #Whiting #BpPlcNews #BPPLCNews


BP is warning the state of Illinois it may lay off more than 250 employees in Chicago as part of massive job cuts worldwide.

The London-based energy giant also is eyeing potential cuts at its BP Whiting Refinery on the shore of Lake Michigan in Northwest Indiana, but will not yet say how many jobs will be impacted.

"As previously announced, BP is reducing its global workforce as part of our Reinvent BP process," BP spokeswoman Megan Baldino said. "As part of these reductions, BP has filed WARN notifications and notified government officials in Chicago and Illinois of planned reductions because of the possibility that the reduction will affect more than 250 employees at those sites."

The Illinois Department of Commerce & Economic Opportunity could not immediately provide copies of the Workers Adjustment Retraining Notification Act filing warning of the mass layoff.

BP CEO Bernard Looney announced earlier this year the global energy company would cut about 10,000 jobs through buyouts and layoffs worldwide as it looks to reduce its carbon emissions and diversify beyond fossil fuels to renewable energy and other forms of power generation. Most of the job cuts will take place by the end of the year.

The BP Whiting Refinery currently employs about 1,700 workers, down from 1,850 workers just a few years ago. The company warned it may see further staffing reductions.

"The Whiting refinery is reviewing its organizational structure," Baldino said. "BP remains committed to our core value of maintaining safe operations."

The company has been in talks with United Steelworkers Union Local 7-1 about job cuts. USW Local 7-1 President Dave Danko did not immediately return messages.

BP has posted quarterly losses for five straight quarters as the result of depressed prices. The multinational company has lost more than $17.2 billion over the last six months alone.

The business said it will try to take care of departing employees as it transitions to "a leaner, faster-moving and lower-carbon company."

"As we move through this process, we will treat impacted employees with respect and care," Baldino said. "We will also support them with career training and other resources as they transition out of the company."

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The company says it does not know if the cuts will include the BP Whiting Refinery.

ArcelorMittal USA employs 10,000 steelworkers in Northwest Indiana, where its steel mills have stayed open during the pandemic.

The year 2019 was a mixed one for heavy industry in the Calumet Region, despite a serious influx of cash.

BP's Whiting Refinery, as seen from Lakefront Park.

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The lowest-paid workers in higher education are suffering the ...

And some of the lowest-paid workers in higher education are bearing the brunt of the layoffs, mirroring broader trends of the most unequal recession in modern...

https://universitybusiness.com/the-lowest-paid-workers-in-higher-education-are-suffering-the-highest-job-losses-subscription/

#news #WaldenUniversityNews

Far fewer workers taking vacation this year / Canada

  • work overload due to layoffs in the workplace, or a combination of both.” It's an employer's responsibility to make sure employees take their vacation. And even...

https://www.hrreporter.com/focus-areas/compensation-and-benefits/far-fewer-workers-taking-vacation-this-year/335373

#news #HuskyEnergyNews #HuskyEnergyIncNews


Far fewer workers taking vacation this year

Far fewer Canadians took a vacation this past summer, as there were 40 per cent fewer time-off requests for the summer of 2020 compared to 2019.

Travel restrictions are a primary cause, says a report from HR, payroll, and benefits platform Humi.

It’s an employer’s responsibility to make sure employees take their vacation. And even if an individual doesn’t take vacation time in a given year, that doesn’t alleviate the company from its obligations of vacation pay, says the report.

In the U.S., 38 per cent of workers say their employer or manager has encouraged them to take time off. That’s up from 25 per cent three months ago, found a survey of more than 1,000 workers between July 16 and 22 by Robert Half.

Sick days
The number of sick day requests was higher at the start of the year: January (2,000), February (1,700) and March (1,700). These then fell as the weather warmed up: April (730), May (805), June (1,000), July (1,000) but are rising again with the cooler weather: August (1,100) and September (1,200), finds Humi.

Fear of losing their job means one in five Canadian workers have said they would go to the office even when they are coughing, sneezing and feeling sick, according to a survey done earlier this year.

Missouri unemployment falls slightly in October

In a statement, MERIC noted that the October 2020 rate was still 1.2 percentage points higher than the October 2019 rate because of "lingering layoffs from...

https://www.joplinglobe.com/news/local_news/missouri-unemployment-falls-slightly-in-october/article_a540e143-5e70-5984-8d2a-4e229dc4a886.html

#news #MissouriNews

Photos: Students protest recent cuts at Guilford College

The students were protesting recent layoffs and the announcement of the reduction of academic majors as the school. WOODY MARSHALL, NEWS & RECORD.

https://greensboro.com/gallery/featured/photos-students-protest-recent-cuts-at-guilford-college/collection_624dc3e0-29e0-11eb-99d1-0705249922a3.html

#news #GuilfordNews #GuilfordCollegeNews

Good news

Westgate Resorts has not filed notices of major layoffs with the Florida Department of Economic Opportunity this year, though CEO David Siegel told the Orlando...

https://www.orlandosentinel.com/business/tourism/os-bz-westgate-resorts-hiring-seasonal-employees-orlando-20201118-bz2aht32trc63cci3stdeqqlxi-story.html

#news #OrlandoNews #CityofOrlandoNews

New York MTA Warns of 40% Subway-Bus Cut, Shedding 9,300 Jobs

New York's Metropolitan Transportation Authority plans to eliminate 9,367 jobs and drastically cut back subway, bus and train services that are vital to the...

https://www.bloomberg.com/news/articles/2020-11-18/new-york-mta-eyes-9-367-layoffs-as-agency-waits-for-federal-aid?srnd=markets-vp

#news #NewYorkCityNews

Contra Costa implements new Layoff Aversion Grants for ...

CONCORD, CA – The Workforce Development Board of Contra Costa County is now accepting applications for layoff aversion grants through its Small-Business...

https://pioneerpublishers.com/PPublishers/contra-costa-implements-new-layoff-aversion-grants-for-small-business/

#news #ContraCostaNews #ContraCostaCountyNews


Contra Costa implements new Layoff Aversion Grants for small business

CONCORD, CA – The Workforce Development Board of Contra Costa County is now accepting applications for layoff aversion grants through its Small-Business Grant Program, providing up to $5,000 in assistance for micro-businesses within Contra Costa County.

Priority will be given to these types of veteran-, woman- and minority-owned micro-businesses: retail, restaurants, hair salons, barber shops, nail salons, day spas and fitness studios. Also, priority will be given to businesses that have not received any COVID-19 related grants, such as the Economic Injury Disaster Loan (EIDL), Paycheck Protection Program (PPP) or city grants.

Home-based businesses are not eligible for the grant, which is intended for physical, commercial storefronts.

Grant funds cannot be used for mortgage payments, payroll or employee support services, such as rent, childcare or transportation. Purchases must be made after the date of the signed executed award agreement. Funding is provided from the U.S. Department of Labor Workforce Innovation and Opportunity Act (WIOA) and are subject to WIOA regulations and allowable cost expenses.

The deadline to apply for the grant is Dec. 2, 2020, at 5 p.m., with no exceptions. Applications may be submitted online or mailed to WDBCCC, 4071 Port Chicago, Concord, CA 94520 and must be received no later than the deadline. Award/agreement letters will be emailed to the email address on the application by Dec. 9, 2020.

To learn more about the grant, visit our website, call the WDBCCC COVID-19 Resource Hotline at 833-320-1919 or email bouncebackcoco@ehsd.cccounty.us.

Southwest Air Expands Layoff Threat With Warning to More ...

  • to shave $500 million from labor costs and avoid the first involuntary layoffs in its 49-year history. The airline expects the mechanics and other employees to be...

https://news.bloomberglaw.com/daily-labor-report/southwest-air-expands-layoff-threat-with-warning-to-more-workers

#news #SouthwestAirlinesNews #SouthwestAirlinesCoNews

Layoffs, facility closures hit the City of Boise as COVID-19 resurges

Layoffs, facility closures hit the City of Boise as COVID-19 resurges. Boise City Hall. Photo: Don Day/BoiseDev. COVID-19. By Margaret Carmel. November 18...

https://boisedev.com/news/2020/11/18/city-of-boise-closures-layoffs/

#news #BoiseCityNews #CityofBoiseCityNews


Layoffs, facility closures hit the City of Boise as COVID-19 go up

The City of Boise will once again shutter many facilities to try and slow the spread of COVID-19.

These closures will remain in place through at least January 15, according to an email to city staff from Mayor Lauren McLean obtained by BoiseDev.

This is similar to the city’s operations during stage two of its reopening plan in April and May. Boise Public Libraries will remain open for curbside service and will make computers available by appointment.

Other closures include Idaho IceWorld, the Boise Senior Center and the Boise Municipal Pools until at least summer 2021.

Safety wasn’t the only reason for the closures. McLean said in her email the “budget implications” of operating all of the city’s facilities also played a role. Due to the closures, “a handful” of city employees were laid off. She did not specify the department or the number of employees let go.

We asked City spokesman Seth Ogilve to confirm the moves and provide a number of positions affected. He did not immediately respond to a request for comment.

This is the latest in a series of budget tightening moves in recent months, including pulling out of a mobility collaborative, reducing the rate of employee raises, trimming maintenance and operations spending, and more. The city said it would shed $34 million from its budget this year over the previous year, and elected not to raise the base rate of property taxes on existing homes and businesses.

Vestas Announces Layoffs In January 2021

(CBS4)– Vestas, the wind turbine company based in Brighton, announced layoffs of 185 people just after the start of the new year. (credit: CBS). The company sent...

https://denver.cbslocal.com/2020/11/18/vestas-wind-turbine-brighton-layoffs/

#news #VestasNews


Vestas Announces Layoffs In January 2021

BRIGHTON, Colo. (CBS4)– Vestas, the wind turbine company based in Brighton, announced layoffs of 185 people just after the start of the new year.

The company sent a letter to the Colorado Department of Labor stating that the layoffs would happen Jan. 17 2021, according to the Brighton Standard Blade.

Vestas is one of the largest employers in Brighton, with a staff of more than 3,400 that produces more than 1,000 blades yearly.

Job cuts news / Lexmark laying off workers in Lexington, elsewhere

Lexmark, which is one of Lexington's largest private employers with 1,400 workers, has begun layoffs nationwide. And some of those will come in Lexington.

https://www.wtvq.com/2020/11/18/lexmark-laying-off-workers-in-lexington-elsewhere/

#news #LexmarkInternationalNews #LexmarkInternationalIncNews

Bad, bad, bad.... Tyson Foods Accused Of Betting Money On How Many Workers Would Contract COVID-19

https://www.huffpost.com/entry/tyson-foods-iowa-wrongful-death-lawsuit-betting-accusation-coronavirus_n_5fb5f1f7c5b664958c7d9414

#news


Tyson Foods Accused Of Betting Money On How Many Workers Would Contract COVID-19

A wrongful death lawsuit tied to COVID-19 infections at Tyson Foods’ largest pork processing plant accuses the meatpacking giant of ordering employees to come to work while supervisors privately bet money on how many would get infected with the deadly coronavirus.

The family of Isidro Fernandez filed the lawsuit in August saying that Fernandez was exposed to the virus when he reported for work at the Tyson plant in Waterloo, Iowa. Fernandez died in April from COVID-19 complications, leaving behind a wife and children, according to the lawsuit.

Fernandez was one of at least five Waterloo plant employees who died of the virus. More than 1,000 workers ― over a third of the facility’s workforce ― became infected, according to the Black Hawk County Health Department. The lawsuit, filed in Black Hawk County, claims Tyson is guilty of a “willful and wanton disregard for workplace safety” and accuses the company of endangering employees by downplaying virus concerns and covering up the outbreak in order to keep them working.

As first reported by the Iowa Capital Dispatch, the lawsuit was recently amended to include new allegations against the company and plant officials. One of them is that supervisors at the Waterloo plant began wagering money on how many workers would get COVID-19.

Another new allegation reportedly details how upper-level plant manager John Casey explicitly told supervisors to continue showing up to work even if they were experiencing COVID-19 symptoms, referring to the deadly virus as a “glorified flu” and telling workers “everyone is going to get it.” According to the lawsuit, Casey stopped a sick supervisor on their way to getting tested and ordered them back to work, saying, “You have a job to do.” Managers reportedly allowed one employee who vomited on the production line to continue working and return to work the next day, according to the suit.

Tyson Foods did not immediately respond to HuffPost’s request for comment. The company has previously said that it denies the original allegations, moving the lawsuit to federal court on claims that it remained open because of President Donald Trump’s April order requiring plants to stay open in order to maintain the nation’s meat supply.

The Tyson plant eventually did close after reports that it fueled a massive coronavirus outbreak in Waterloo. More than 180 infections were linked to the plant at the time of closure, according to the Black Hawk County Health Department. The plant employs 2,800 workers.

Workers at poultry and meat processing plants usually work right alongside each other, but public health experts have been advising that people stay at least 6 feet apart. Employees in these plants, including Fernandez, are also predominantly people of color and immigrants who are doing hard labor for low pay. Workers report a higher injury rate than the rest of the private sector, and advocates have said that the hazards are almost always worse than numbers suggest.

The Occupational Safety and Health Administration and the Centers for Disease Control and Prevention issued guidance at the beginning of the pandemic recommending that meatpacking companies put up physical barriers, enforce social distancing and install more hand-sanitizing stations, among other steps. But the guidance is not mandatory and is mostly unenforceable.

Goldman Sachs' latest layoffs: how worried should you be?

The firm has made a decision to move forward with a modest number of layoffs.” Which category does this fall into? Goldman doesn't appear to want to add to this...

https://news.efinancialcareers.com/uk-en/3004846/goldman-sachs-job-cuts

#news


  • Morning Coffee: Goldman Sachs’ latest layoffs - how worried should you be? Christmas is cancelled for London bankers
In the current environment it’s often uncertain whether any announcement of job cuts represents a new round, an already announced round, the resumption of a program that was put on hold due to the pandemic, or just business-as-usual cuts with no implications for overall redundancies.  According to Goldman Sachs, quoted by Bloomberg yesterday, “At the outbreak of the pandemic, the firm announced that it would suspend any job reductions […] The firm has made a decision to move forward with a modest number of layoffs.”  Which category does this fall into?
Goldman doesn’t appear to want to add to this public statement, which marks the second time it's made a round of job cuts in three months. Compared to the earlier round in September it appears that these latest layoffs might be “new, but not new-new”.  - They’re most likely marginal extra cuts above the 400-odd that were announced three months ago (which in turn came after a “handful” of cuts in March).  But they don’t seem to have the kind of shape to them which might justify a reappraisal of the broader trends in hiring policy at Goldman itself, let alone a read-through to other banks. Anyone worried that this heralds an avalanche of cuts can probably breathe a sigh of relief.
  • For one thing, the numbers still seem small – Bloomberg thinks that the current round is smaller than the September round.  That would put the total number of jobs at risk this time round at less than 1% of the workforce.  Added to which, the coronavirus hiatus means that Goldman didn’t make anywhere near the usual cut of underperformers back in March, so there may be a small but measurable percentage of people still employed who wouldn’t have been in more normal conditions.

But more importantly, a certain level of staff cuts had to have been baked into expectations simply because to will the effect is to will the cause.  Goldman Sachs set an expenses reduction target of $1bn in January, which it remains committed to.  Investment banks only really spend serious money on three things – employees, technology and office space.  Goldman is certainly not cutting tech budgets, and hypothetical “remote working dividends” were not part of the outlook in January, so the baseline assumption has always been that personnel costs are going to deliver the savings.

This doesn’t mean overall reduction in numbers (as of September, GS headcount was up 8% versus 2019).  But it does mean that the mix will change, with Marcus retail banking staff bringing the average compensation down.  Back- and middle-office staff in highly paid roles in New York and London are likely to be cut as the Indian technology campus grows in importance and hubs like Dallas gain roles.
All of which is to say that given the strategic direction of Goldman under David Solomon, news of aggregate numbers of job cuts don’t necessarily mean very much.  There are just too many moving parts.  The same is true of a lot of banks, particularly as plans made earlier in the year may have been reassessed.  It’s probably better to trust the grapevine and your instincts at this point in the cycle rather than the newswires.
Elsewhere, it looks as if any Hollywood scriptwriters in search of ideas for the perfect “coronavirus romcom” premis are going to have to look somewhere other than the London investment banks.  Christmas parties have been on the way out for a few years as management gets less and less tolerant of the reputational, compliance and harassment risks – one fintech firm has always had “these Christmas parties where everyone gets one drink”.  Now, with bars and restaurants currently on lockdown, and groups of more than six unlikely to be permitted when they open up, the festive season is being officially cancelled.
The replacement celebrations all seem pretty forlorn.  Although some banks have suggested carol services held over Zoom, you can’t actually do that – the lags in the system are too great – so they’re reduced to asking the staff choir to make recordings and edit them together.  A few firms are using the party budget to send everyone “a small gift” (very likely to be undistributed promotional swag).  And the fintech which used to hold the one-drink rave ups?  They’ve decided that “we’ve had a productive year, so everyone’s morale is pretty high anyway”, and therefore won’t bother. Bah humbug.

Media Coverage: ViacomCBS Hit With Another Round Of Layoffs -- Another 100 Jobs Cut

A person familiar with the situation said some 100 staffers are impacted across the combined company, primarily but not entirely in corporate roles and including...

https://deadline.com/2020/11/viacomcbs-hit-another-round-of-layoffs-100-jobs-cut-across-combined-company-1234617906/

#news #ViacomcbsNews #ViacomCBSNews


ViacomCBS Hit With Another Round Of Layoffs; 100 Jobs Cut Across Combined Company

ViacomCBS has been hit with another round of job cuts as layoffs and restructuring continue across big media and entertainment companies.
A person familiar with the situation said some 100 staffers are impacted across the combined company, primarily but not entirely in corporate roles and including finance and ad sales. The move is part of a streamlining and cost-cutting push announced when Viacom and CBS merged last December. The layoffs started early in the year and there have been several rounds.
In May, ViacomCBS initiated a round of post-merger layoffs across all parts of the company but primarily hitting divisions within the CBS Entertainment Group. The was was part of a restructuring of various operations at CBS as part of the integration with Viacom, as well as  nod to changes in the business including those related to COVID-19.
ViacomCBS, led by CEO Bob Bakish has targeted $750 million in synergies from the combination. In a New York state filing in May, the company said it had eliminated 450 positions. That has risen as the year progressed.
Layoffs are rampant across the industry from AT&T-owned WarnerMedia to Walt Disney to Comcast’s NBCUniversal, where the latest round of layoffs started today.

MGM Springfield ups layoff estimate; places blame on COVID-19 restrictions

MGM Springfield ups layoff estimate; places blame on COVID-19 restrictions. Updated Nov 13, 2020; Posted Nov 13, 2020. Facebook Share. Twitter Share.

https://www.masslive.com/mgmspringfield/2020/11/mgm-springfield-ups-layoff-estimate-places-blame-on-covid-19-restrictions.html

#news #MgmMirageNews #MGMResortsNews