WeWork has been sending alarming non-compete letters to workers it laid off earlier this year
Brendan McDermid WeWork has sent alarming legal letters to people it laid off in a round of job cuts earlier in 2019, warning them not to compete with its business. The company warned it was "formally putting.....»»
WeWork’s massive layoff hits company’s San Francisco workforce
Troubled WeWork laid off 169 workers in San Francisco as part of a large layoff that involved shedding up to 4,000 people. The New York-based coworking company told California regulators that it cut positions at several San Francisco locations, inc.....»»
Deutsche Bank says robots are already replacing workers as it ramps up a plan to axe 18,000 jobs
Deutsche Bank is using robots to replace the 18,000 staff it cut earlier this year. Financial News spoke to the bank's head of operations for Deutsche's corporate an.....»»
WeWork third-quarter losses widen to $1.25 billion as expansion ramps up
The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier as its money-losing shared-office business doubled in size with a record number of desks added to its network......»»
Former WeWork CEO Neumann Won’t Give Part of His $1 Billion to Laid-Off Workers
WeWork's CEO will get more than $1 billion in the bailout. But will he give any of that to the thousands of people WeWork will lay off in the next several weeks?.....»»
Airbnb"s cash numbers could show that it"s not another WeWork in the making
Following a report on Thursday showing that Airbnb's losses doubled from a year earlier, a source familiar told CNBC that it has $3 billion on its balance sheet......»»
WeWork parent says IPO still on despite setbacks
WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with it stock market debut this month......»»
State Street lays off 250 IT workers
State Street Corp. laid off about 250 information technology employees nationwide on Sept. 13, part of the company’s drive this year to cut 2,300 jobs in higher-cost locations in the U.S. and elsewhere. An untold number of jobs in Austin are amon.....»»
India"s economy suffers car crash
Automakers, component manufacturers and car dealers in India have laid off an estimated 350,000 workers since the start of the year, in response to plunging sales. As David Pollard reports, the downturn is beginning to have a wider impact......»»
Sears retirees" life insurance payouts could be just $135 each
Workers who retired after years of folding shirts and selling refrigerators for Sears Holdings Corp. banded together earlier this year to complain when the retailer’s bankrupt shell terminated their life insurance plan......»»
Sears retirees" life insurance payouts could be just $135 each
Workers who retired after years of folding shirts and selling refrigerators for Sears Holdings Corp. banded together earlier this year to complain when the retailer’s bankrupt shell terminated their life insurance plan......»»
Hancock pledges to begin minimum-wage raise talks with Denver business community
The mayor mandated pay of at least $15 per hour for city workers and contractors earlier this year......»»
It"s official: M&T Bank"s tech hub is going to Seneca One Tower
M&T Bank's search for office space to accommodate at least 1,000 technology workers has ended at Seneca One Tower downtown. In a deal that's been in the works since earlier this year, Buffalo-based M&T (NYSE: MTB) has agreed to locate a tech hub in.....»»
Sears" owner wants to get out of paying $43M to former workers
Eddie Lampert, the former owner of Sears who bought the assets of the retailer out of bankruptcy court earlier this year, is threatening in a court filing not to make $43 million in pension payments due to thousands of its former employees......»»
Sears" owner wants to get out of paying $43M to former workers
Eddie Lampert, the former owner of Sears who bought the assets of the retailer out of bankruptcy court earlier this year, is threatening in a court filing not to make $43 million in pension payments due to thousands of its former employees......»»
Amazon reports 30% drop in long-term jobs in Fall River
At year's end, the company's Fall River warehouse employed 951 workers on a full-time, permanent basis, according to a state filing— more than 400 fewer than it had a year earlier......»»
Abbott sticks to earlier forecasts, disappoints investors
(Reuters) - Abbott Laboratories' just beat expectations for first quarter profits and revenue on Wednesday but stuck to a full-year profit forecast some investors had expected would be raised, sending the healthcare company's shares lower......»»
Layoffs hit Framingham corporate giants Staples, TJX, Genzyme
Three of the largest employers in Framingham — drugmaker Sanofi Genzyme, retailer TJX Cos. Inc. and office-supply chain Staples Inc. — have collectively laid off nearly 600 workers so far this year. Genzyme, the Cambridge-based rare disease unit of F.....»»
Makeover Positions Saks To Differentiate, Better Compete:
Struggling to compete with Sephora, Ulta and the omni-threat of Amazon.com, the 150-year-old Saks is making changes, and some analysts remain skeptical. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Produc.....»»
Halliburton CEO Says Oil at $70 Is “Good Enoughâ€
Revenues at the oil services giant surged 30 percent last year and it's hiring back laid off workers Plunging oil prices are rattling the oil markets, bu.....»»
‘It feels like I never left’: Workers laid off in Atlantic City are getting their jobs back at ‘new’ casinos
The Taj Mahal is reopening as the Hard Rock casino, and Revel will open its doors as the Ocean Resort Casino. Together, they are restoring more than 6,000 jobs lost after a brutal two-year stretch when five casinos closed......»»