Topic: Layoffs

ESPN Has to Lay People Off Because It Pays So Much for Sports Rights

AP

ESPN is an extremely profitable company and recently made two very expensive deals for television rights to tennis and college footbal. And yet, on Tuesday the network had its first round of layoffs since 2009. So what gives? 

By Rebecca Greenfield

Jan 14, 2013

HP Starts Layoffs for the Company That Brought It Down

Well you had to see this coming, sadly: HP has decided to do a little housecleaning at Autonomy, the company it acquired that it claims led to that huge $8.8 billion loss still shaking the tech giant.

Comments | 1,635 Views

By David Wagner

Dec 5, 2012

Comment of the Day

Citigroup Layoff Memo Reads Like a Bad Dilbert Joke

Citigroup announced a massive round of cuts this morning through a press release that seems to go out of its way to make no sense. One commenter thought she was reading Dilbert for a second.

Comments | 4,534 Views

By Dashiell Bennett

Dec 5, 2012

Why Citigroup Is Slashing So Many Jobs

The "repositioning action," as they so eloquently put it, comes as the bank isn't doing well overseas and looks to get out of some less profitable emerging markets.

Comments | 6,930 Views

By Connor Simpson

Oct 23, 2012

Zynga Hopes You're Too Distracted to Notice Their Layoffs

In all the noise created by today's Apple event, Zynga attempted to quietly lay off 100 people without anyone noticing. Kind of like a Friday afternoon news dump, but with new iPads. Unfortunately for them, it didn't work. 

Comments | 1,505 Views

By Adam Martin

Aug 17, 2012

Village Voice Staffers Get a Friday Layoff Surprise

Ugh, the worst thing about Fridays is that's when people usually get fired or laid off, as happened to several key writers at the Village Voice this afternoon, according to The New York Observer's Foster Kamer.

Comments | 862 Views

By Rebecca Greenfield

Aug 13, 2012

Google Thinks Less Is More for Motorola

After buying Motorola for its patents one year ago, Google has announced that it will cut 4,000 jobs and close one third of its 94 offices, hoping to turn the company around.

Comments | 724 Views

By Adam Martin

Jul 31, 2012

Rupert Murdoch's The Daily Cuts Staff

In the harshest referendum yet about the success of News Corporation's tablet newspaper The Daily, the publication, which launched in 2011, is laying off 50 of its 170 employees, All Things Digital's Peter Kafka reports.

Comments | 345 Views

By Adam Martin

Jul 12, 2012

Forms Show Romney Ran Bain for Longer Than He's Claimed

Mitt Romney was still making decisions at Bain Capital, and still getting paid for it, for at least three years longer than he's previously said, the Boston Globe reported on Thursday.

Comments | 4,853 Views

By Hannah Miet

Jul 9, 2012

Times-Picayune Reporter is Mad as Hell and She's Not Going to Take This Anymore

In the latest news from what once was One of the Great American Newspapers: A Times-Picayune reporter writes a (justifiably angry) letter to the paper's publishers; Several of the paper's renowned, award-winning reporters decline offers from the newly configured NOLA Media Group. 

Comments | 15,006 Views

By Dashiell Bennett

Jun 14, 2012

Struggling Nokia to Cut 10,000 More Jobs

Cellphone maker Nokia announced it will lay off another 10,000 workers by the end of next year as the company continues to fall behind in the global smartphone war.

Comments | 570 Views

By Adam Martin

Jun 5, 2012

Goldman's Latest Layoffs Target its Bonus Takers

The latest round of layoffs at Goldman Sachs was small, just 50 staffers, but it was notable for who got cut: not rank-and-file workers but some people with big titles and, of course, big bonuses.

Comments | 1,559 Views

By Adam Martin

May 1, 2012

Bank of America to Lay Off Its Own 1 Percent

Bank of America's plans to trim its workforce are nothing new, but the surprising thing about Tuesday's news of 2,000 layoffs in addition to the 30,000 the bank already announced is who the new cuts target: The bank's own top 1 percent of workers.

Comments | 2,586 Views

By Adam Martin

Apr 4, 2012

Yahoo Cut 14 Percent of its Workforce

Whatever factors are contributing to the recent U.S. job growth, Yahoo's clearly not one of them, as the firm announced on Wednesday that it was cutting 2,000 jobs, or 14 percent of its workforce.

Comments | 345 Views

By Adam Martin

Mar 5, 2012

Wall Streeters May Soon Have Real Money Woes to Complain About

Sure, everybody had fun mocking bankers for complaining about losing their bonuses last week, but the high-finance types just got some legitimately troubling job news: A new estimate from a New York City budget watchdog says bonuses on the street fell by 25 percent, and lots of layoffs are just around the corner.

Comments | 846 Views

By Adam Martin

Jan 26, 2012

Famous Job-Search Website Cuts 400 Jobs

Irony alert: Monster.com says it's cutting 7 percent of its workforce (that's 400 jobs) after a crummy fourth quarter and dropping share prices.

Comments | 717 Views

By Dino Grandoni

Jan 11, 2012

Layoffs Are Coming at Gilt Groupe

With rumors circulating of impending layoffs this morning, Business Insider confirms that 5 to 6 percent of the Gilt Groupe's workforce is going to be let go.

Comments | 784 Views

By Adam Clark Estes

Dec 28, 2011

After Sale, New York Times Regional Employees Brace for Layoffs

'Layoff' is an understandably dirty word around The New York Times newsroom(s) these days.

Comments | 2,831 Views

By Dashiell Bennett

Dec 5, 2011

Postal Service Cuts Could Slow Down First-Class Mail

The U.S. Postal Service is preparing to announce to cuts of up to $6.5 billion a year from its overwhelmed budget, including a reduction of the speed of first-class mail, making it impossible for normal mail to be delivered in one day. 

Comments | 767 Views

By Adam Martin

Oct 20, 2011

Village Voice Media Sheds Voices

Times are tough if you happen to work at one of Village Voice Media's alt-weeklies, especially if you happen to hold the position of assistant calendar editor, which the chain of alt-weeklies has eliminated entirely.

Comments | 218 Views

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