Layoffs

Sean Combs is laying off one-third of his staff at music cable network Revolt media in order to make room for producing lifestyle content according to Fox Business. In a memo to staff members, CEO Roma Khanna explained that move was done in order to expand their operations. “We will work with more outside voices, producers, […]

DALLAS (AP) — Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient. The consumer products company has 58,000 workers worldwide, according to its website. Kimberly-Clark Corp. said Tuesday that it anticipates restructuring costs between $130 million and $160 million, after taxes. […]

NEW YORK (AP) — Turner Broadcasting, the parent of the CNN, TBS and TNT networks, is eliminating about 1,475 jobs, or about 10 percent of its total employees. Monday’s announcement follows an offer of voluntary buyouts to 600 veteran employees in August, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by […]

Bad news has come to Atlanta’s biggest news circuit and it’s in the form of layoffs and buyouts. WSB-TV reports: ATLANTA — Big changes will soon be coming to CNN staffing. Two company executives confirmed late Monday that Turner Broadcasting plans to offer buyouts to hundreds of employees, including those at CNN. Reporters for Channel 2 […]

SAN FRANCISCO (AP) — Levi Strauss & Co. will eliminate about 800 jobs, almost 20 percent of its non-retail and non-manufacturing employees, over the next 12 to 18 months. The privately held company said that its restructuring plan will help it become more competitive, lower costs and improve its financial health. Last month, the company […]

CHICAGO (AP) — Nearly 850 Chicago Public Schools employees received layoff notices Friday, hours after officials said they had identified $52 million in administrative and operational cuts to help close an estimated $1 billion deficit in the upcoming fiscal year. Eliminating almost 100 central office positions and adopting more efficient building maintenance will help save […]

Detroit Mayor Dave Bing on Monday laid out a budget proposal that would cut more than 2,500 jobs — nearly a quarter of the city’s workforce — and shave $250 million in annual expenses after the financially struggling city agreed to state oversight that is aimed at fixing a deficit and long-term debt. Chief Operating […]