Federal Reserve Predicts 15 Million Americans Will Remain Unemployed Through 2020The Federal Reserve expects that as many as 15 million Americans will remain unemployed by year-end even as the economy continues recovering from the impact of the coronavirus.
Nissan Posts $6.2 Billion Annual Net Loss, Will Cut Production Capacity By 20% And Close PlantNissan recorded a $6.2 billion loss in the year ended in March and committed on Thursday to slashing production capacity by 20%.
Nissan Set To Cut 12,500 Jobs As Profits PlungeNissan is slashing 12,500 jobs to cut costs as profits tumble and sales continue at a weak pace.
DeSoto ISD School Board Cuts 98 Positions To Make Up Budget DeficitDozens of North Texas teachers are out of a job this morning. Their positions in DeSoto Independent School District were cut to make up a school budget deficit.
Job Cuts At Tesla, Musk Says Road Ahead Very DifficultSaying the road ahead was "very difficult," Tesla's CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.
Barnes & Noble Cites New Staffing Policy In LayoffsBarnes & Noble, which announced a round of layoffs this week, is pointing new staffing rules that will allow stores to increase or decrease the number of people on the clock depending on need.
Dallas-Based Tenet Healthcare To Slash 1,300 JobsTenet Healthcare plans to cut 1,300 jobs, more than 1 percent of its workforce, in an attempt to cut costs as it reported a quarterly loss of $367 million.
Southlake-Based Sabre Cutting 900 JobsSabre Corp. said it is cutting 9 percent of its global workforce to lower costs. It also reported a second-quarter loss of $6.5 million
Kellogg To Close 2 Texas Distribution Centers, Lay Off 400+The Kellogg Co. has confirmed plans to close distribution centers in Fort Worth and Houston and lay off 420 workers permanently.
Report: Ford Planning Big Job Cuts To Boost ProfitsThe Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.
Sears Has "Substantial Doubt" About Its FutureSears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open.
Sears, Watching Spending And Inventory, Limits Adjusted LossSears reported a wider fourth-quarter loss on Thursday, but its adjusted loss was smaller than last year and investors were encouraged that the company closely controlled inventory and expenses.
Sears May Sell Real Estate, Cut Jobs To Save $1 BillionSears may sell more locations, cut more jobs and put more of its famous brands on the block in an attempt to revive the faltering retail chain.
SeaWorld Cutting 320 Jobs In RestructuringSeaWorld Entertainment Inc. is eliminating 320 jobs across its 12-park company.
Boeing To Cut Some Texas Jobs, Move Others, In Efficiency EffortBoeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs and close two facilities by the end of 2020 in an effort to make its Defense, Space & Security business more efficient, the company said Tuesday.