All posts tagged "Layoffs"

Outrage erupted Wednesday after The Washington Post announced it would lay off more than 300 people from its newsroom — including a reporter in the middle of a warzone in Ukraine.

The reporter received the news under harsh conditions while covering the war in Ukraine.

"I was just laid off by The Washington Post in the middle of a warzone. I have no words. I'm devastated," reporter Lizzie Johnson wrote on X....

Layoffs in the United States have surpassed 1.1 million in 2025, according to a new report, and even one Fox Business host who is typically in President Donald Trump's corner is taking notice of the dire economic picture heading into 2026.

During a Thursday segment on Fox Business, Maria Bartiromo – who Trump was reportedly considering naming as his running mate in 2024 — read the details of the report aloud on her show, and remarked to panelist John Lonski that she had previously pressed Trump about the impact of new technology on jobs.

"Job cuts surpassed one million – the highest October total since 2003," Bartiromo said. "Companies cite cost-cutting AI in October. John, this is exactly what I asked the president about."...

Citigroup is expected to cut 20,000 jobs, or about 10% of its workforce, over the next two years, the New York-headquartered bank said Friday. The announcement follows a “very disappointing” fourth quarter for the nation’s third-largest banking institution, CEO Jane Fraser said in a news release. The company reported a $1.8 billion loss in the last three months of 2023 — its worst quarterly financial results since 2009, according to the Financial Times. During the same period in 2022, the bank reported a net income of $2.5 billion. This year’s loss was driven by nearly $4 billion in expenses, ......

GRANITE CITY, Illinois — The last operating blast furnace at U.S. Steel's plant in Granite City will remain idled indefinitely, the company said Tuesday, extending a closure first billed as temporary. The company on Tuesday also notified 600 additional employees that they might lose their jobs. U.S. Steel spokeswoman Amanda Malkowski, however, said the company only expected to lay off a portion of those. And a local union official said he thought the plant would keep operating with the same number of workers, at least for now. The fate of the Granite City plant has been in question since last ......

Unemployment agencies in Michigan, Ohio and Missouri say they’re preparing for what may be an uptick in unemployment claims as the ripple effects of the United Auto Workers strike lead to layoffs in other plants and among suppliers. On the first day of the targeted strikes at Ford Motor Co., General Motors Co. and Stellantis plants in Michigan, Missouri and Ohio, secondary effects were already beginning to work their way through the supply chain. Ford announced Friday afternoon that it would temporarily lay off 600 workers at the company’s Michigan Assembly Plant in Wayne. Striking individuals......

Over the last week, Prince Harry and his wife, Meghan Markle, have returned to the spotlight in an effort to reportedly "reinvent themselves" and prove to the world that they're not "grifters" who need to exploit their fraught connections to the British family to keep people's attention and maintain their wealthy, A-list lifestyle. But they hit a possible snag with the news Thursday that one of Harry's projects, the San Francisco-based mental health startup, BetterUp, "missed its financial targets" last year and needs to lay off 16% of its workforce, or some 100 employees. The Daily Beast cite......