Tag: layoffs

Black Monday: GM to Layoff 4K American White-Collar Workers

Executives at General Motors (GM) announced Friday that about 4,250 white-collar workers would be laid off, the vast majority of whom are in the United States, as the multinational corporation continues shifting production overseas and to Mexico. GM executives are set to start the layoffs on Monday of next week,with an investment strategist declaring the day […]

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AT&T reportedly plans layoffs despite tax cut and FCC deregulation

Getty Images | SOPA Images reader comments 13 with 13 posters participating Share this story AT&T is reportedly planning a significant round of layoffs, despite receiving a large tax break and various regulatory favors such as the repeal of net neutrality rules. Motherboard reported the pending layoffs yesterday, saying it obtained the information from AT&T […]

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Telltale Games is reportedly closing down and cancelling most current projects

Telltale Games has won critical praise for titles like The Walking Dead and The Wolf Among Us, but that was not enough to keep the lights on. A flood of now-former employees report that Telltale is closing its doors in the near future after laying off most workers. Telltale has not officially confirmed any changes […]

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Illinois Steel Town: Trump’s Tariffs Secure 800 New Jobs for Previously Laid-Off American Workers

American workers in an Illinois steel town are finally seeing relief after years of job-killing free trade thanks to President Trump’s 25 percent tariff on imported steel. A Chicago Tribune report by Samantha Bomkamp reveals how Granite City, Illinois, is seeing a renewed steel industry after Trump’s tariffs on steel imports were implemented. In 2015, […]

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Tesla lays off 9% of its workforce in pursuit of profitability

(Reuters) — Electric car maker Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. In an email he said had been sent to staff, billionaire Chief Executive Elon Musk said on Tuesday that the cuts […]

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