The restructuring plans were due to reduced demand, not external factors like the labour market situation, the company said.
Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.
Days after filing for Chapter 11 bankruptcy protection, Oberweis Dairy plans to close its North Aurora plant and cut nearly 130 jobs.
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.
Alphabet's Google trimmed an unspecified number of employees from its workforce, a move it stated is part of a wider restructuring intended to simplify operations and increase efficiency.
The job cuts continue at Google and Rivian as both companies further trimmed their workforces Wednesday, part of a larger trend of layoffs in the tech industry this year. Google laid off an unspecified number of workers, though the cuts were not company-wide. The company classified them as a reorganization that was part of the normal course of business. Affected employees will be able to apply for internal roles. Google did not confirm or deny a report from Business Insider that teams in...
A new store opening in the Valley this spring will bring 25-30 jobs with it.
SALEM, Ore. — The Salem-Keizer school board and administration are preparing for $71 million in cuts in next
Toshiba Corp is considering cutting thousands of workers in Japan as part of efforts to reduce costs and improve business efficiency, sources familiar with the matter said Wednesday. The job cuts, mainly targeting the company's back-office departments, are expected to be included in its business strategy due to be announced
The budget also includes millions for Canada's film and music industry and
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.
A pure gold bowl priced at about 10 million yen was stolen from a Tokyo department store on Thursday, with police seeking a man caught on camera taking the item. A store staff member realized the bowl was missing from its display around noon at a gold exhibition on the