Coca-Cola To Cut 2,200 Jobs
The Atlanta-based beverage giant will be cutting 2,200 jobs globally out of which 1,200 are from the United States. It will be done as a part of a major reorganization aimed at growing business. Out of the 1,200 jobs, 500 jobs will be cut from Atlanta alone. Coca-Cola's third-quarter net revenues d ...
Pandemic Wiped 91,680 Jobs in U.S. Oilfield Services Sector
Barring a handful of sectors across the globe, almost every sector has been severely impacted because of the pandemic. According to a monthly report compiled and published by Petroleum Equipment & Services Association (PESA) on Tuesday, the U.S. oilfield services sector lost 91680 jobs because of t ...
29 American cities losing the most jobs
Millions of people across America and the world have lost their jobs due to the lockdown and restrictions imposed across the globe because of the global crisis. The economy started seeing a steady push with the stimulus and seasonal change. However, things have started getting a bit more challengin ...
The US could start losing jobs very soon
The US saw a massive decline in jobs and millions of people were laid off due to the lockdown and restrictions imposed because of the virus. At one point, the unemployment rate was in double digits. The unemployment benefit and a positive outlook started bringing things back, not at the pace one wo ...
Jobs losses for women
The global pandemic induced lockdown and restrictions have thousands of companies out of business and have also caused millions of job losses. People from all strata of society have been going through some challenges. However, marginalized folks and women have had to face the brunt even more than o ...
AT&T’s entertainment division cutting over 1,000 jobs
Warner Media, AT&T owned entertainment company is making massive changes in its structure. According to sources, WarnerMedia currently employs about 25,000 people and this change would affect about 5 % to 7% of its staff, which means about 1250 to 1750 employees could lose their jobs. The cuts com ...
Lloyd’s Bank To Cut 730 Jobs In January
In another unfortunate event, Lloyd's bank plan to cut over 700 jobs in a bit to restructure their process. These jobs cuts would majorly be in its technology and retail operations. As per a Bloomberg report, this would not happen till January though. The bank employed 63,000 people in 2019. To rea ...
Businesses plan more layoffs, hiring freezes in 2020
The wrath that the virus has unleashed at the start of the year is far from over. Things don't seem to get better as we see a resurgence in cases. According to a survey conducted by The Conference Board last month, nearly 1 in 10 businesses plan to layoff workers in the final three months of the ye ...
Exxon to cut 14000 global workforce
In other unpleasant news, Exxon will be cutting about 15% of its workforce by 2022. Exxon is North America's biggest oil explorer. “These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions,” the compa ...
Boeing to cut 7,000 jobs
The effects of the global crisis seem to leave no one and are continuing to create havoc across the nation and the world. The resurgence in the cases is a cause of worry as we are approaching the holiday season. Business across all sizes are facing the brunt of the crisis this year has unleashed up ...
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