unemployment

WeWork laying off 2,400 employees globally

WeWork said Thursday it is laying off about 2,400 employees globally as part of a broader effort to cut costs and find a viable path forward after a disastrous IPO attempt.

WeWork braces for mass layoffs this week

One month after WeWork's former CEO, Adam Neumann, received a massive payout despite all but running the company into the ground, more than 12,000 global staffers are bracing for mass layoffs this week.

How to financially prepare for being laid off

Sometimes, there are warning signs that you are in danger of being laid off -- a buyout of your company, a merger or a strategic change in direction. Other times, the cuts come without warning. But while being laid off is not in your control, being financially prepared for such an event is.

Molson Coors changes its name, will cut up to 500 jobs

Molson Coors is struggling as younger drinkers continue to shun mass-produced beer for trendy beverages like White Claw and other "spiked seltzers." On Wednesday the company announced that it's laying off workers — and subtly changing its name.

America's manufacturing is at a slowdown

America's manufacturing industry is in contraction. Business spending is soft. And now the biggest chunk of the economy, the US service sector, is growing at its weakest pace in three years.

Is a recession coming? Here's how to tell

Warning bells are going off about a possible recession in America, perhaps in time for the 2020 election. The key to whether the US economy keeps growing or stalls rests largely on consumers, and whether or not they keep spending.

Nissan will cut 12,500 jobs

Nissan warned last quarter that it was at "rock bottom." Now it's even more clear that its problems aren't going away anytime soon.

Deutsche Bank unveils radical restructuring

Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals.

Jony Ive's departure marks the end of an era for Apple

When Jony Ive first met Steve Jobs, Ive expected to be fired. Jobs, who had just made his triumphant return to Apple, was in the process of slashing the company's bloated product line to focus the company for the future. Thousands of employees were laid off in 1997, the year Jobs came back.

Despite economy, Fed likely to cut rates

The US stock market has never been higher. Unemployment is at the lowest level in nearly half a century. But Wall Street is betting the Federal Reserve will slash interest rates — and the Fed doesn't want to disappoint.

GE aims to slash 1,000 jobs in France

General Electric revealed plans on Tuesday to slash up to 1,044 jobs in France in a bid to halt the downward spiral of the conglomerate's power business.