The Latest Layoff News

News from our sources

NBCUniversal

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July 20, 2020
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New York, NY; Boston, MA; Philadelphia, PA

JC Penny

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July 15, 2020
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Plano, TX
JCPenney will be laying off approximately 1,000 employees as part of its organizational restructuring plan. The company announced Wednesday it is aligning its workforce with its store optimization strategy and reduced store footprint.
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General Motors

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July 12, 2020
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Wentzville, MO
More than 1,000 workers are facing layoffs at the GM’s Wentzville assembly plant. Some employees said the cuts are due to a drop in sales blaming the COVID-19 pandemic and manpower shortages. Employees are expected to be laid off beginning July 20 and will be reduced to two shifts.
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Bizongo

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July 11, 2020
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Mumbai, India
B2B startup Bizongo has laid off 140 employees to cut costs and conserve capital.Bizongo develops and procures packaging solutions for e-commerce, logistics, and FMCG, and caters to more than 350 clients and is associated with over 750 manufacturing partners across sectors.
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Philz Coffee

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July 11, 2020
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United States
Philz Coffee is laying off roughly 180 employees across the country due to the COVID-19 pandemic, management of the cafe chain announced to staff Friday night. The company said it had roughly 800 employees before the layoffs, which are scheduled for the week of July 15, in its cafes located in San Francisco, Southern California, Chicago, Washington D.C. and beyond.
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The Cosmopolitan

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July 10, 2020
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Las Vegas, NV
Layoffs and furloughs at The Cosmopolitan could impact more than 3,100 employees in August. "We could not possibly have foreseen the duration and severity of the COVID-19 pandemic, or its impact on the resort and our entire industry," Adrianna Kasunic, a company vice president, wrote in the June 30 letter.
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PaySense

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July 9, 2020
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Mumbai, India
Naspers-owned fintech major PayU has undertaken layoffs at PaySense, the digital credit business it acquired in an all-cash deal in January this year. While a PayU spokesperson confirmed the development, the company did not specify the number of employees that are being, or have been, laid off. However, according to sources aware of the matter, an estimated 40-50 employees, across sales and other operational functions, have been fired
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Wells Fargo

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July 9, 2020
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United States
Wells Fargo & Co., the largest employer among U.S. banks, is preparing to cut thousands of jobs starting later this year, potentially setting a bleak precedent for an industry that's been resisting mass layoffs as the coronavirus pandemic worsens.
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United Airlines

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July 8, 2020
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United States
United Airlines on Wednesday said it is warning about 36,000 front-line employees more than a third of its staff about potential furloughs as theοΏ½coronavirus pandemic continues to roil travel demand.
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Zilingo

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July 8, 2020
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Singapore
Zilingo Pte, a fashion tech platform backed by Temasek Holdings Pte, has cut an additional 12% of its total workforce as it extends cost-cutting measures to deal with Covid-19 fallout, according to a blog post. The latest cuts come on top of a 5% headcount reduction around April. The company helps small fashion outlets across South and Southeast Asia get online, market and deliver their goods, but it said the coronavirus outbreak has already led to a quarter of those businesses closing doors.
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