All articles tagged with #job layoffs
The Mare Island Dry Dock in Vallejo will close permanently, resulting in the layoff of over 80 employees, due to losing a critical U.S. Coast Guard contract and unforeseen business issues, raising concerns about the impact on local jobs and industry.
Ford is repurposing its Kentucky battery plant in Glendale to focus on advanced energy storage systems, leading to the layoff of about 1,600 workers, as the company takes full ownership following a partnership split with SK On. The new energy storage business aims to start with 2,100 employees, and workers may apply for new roles within the company. The move is part of Ford's broader shift towards electric vehicles and energy solutions, including plans to produce a new electric truck in Louisville.
Ford is shutting down its Kentucky EV battery plant, laying off 1,600 employees, and shifting focus to battery storage for utilities and data centers, citing a strategic move to higher-margin opportunities amid declining EV demand and financial losses in its EV business.
Taylor Sheridan is leaving Paramount for NBCUniversal, potentially making him a billionaire, while widespread layoffs occur at Skydance Paramount, highlighting job losses amid industry consolidation.
The Long Beach Health Department is planning to lay off or reassign up to 40 employees due to a nearly $4 million federal funding cut and an overall $11 million budget deficit, which has led to program closures and concerns about impacts on public health services.
Over 500 employees at Voice of America and other US government-funded broadcasters are being laid off as part of a controversial reduction in force initiated by the Trump administration, amid legal challenges and concerns over the impact on US international broadcasting and national security.
The Federal Reserve's core PCE inflation rate exceeded expectations in June, complicating prospects for a September rate cut, while the stock market remains optimistic with futures reaching new highs driven by strong earnings from Microsoft and Meta. Meanwhile, layoffs surged 140% year-over-year in July, contrasting with the Fed's view of a solid labor market, and economic indicators show mixed signals on consumer spending and employment costs.
Microsoft has saved $500 million in call center costs through AI but has also laid off 9,000 employees, raising concerns about AI's impact on jobs. The company promotes AI for social good and productivity, yet industry experts warn of significant job displacement, especially in white-collar roles, with calls for better regulation and upskilling initiatives. The future of work is likely to involve a mix of AI augmentation and replacement, emphasizing the need for societal adaptation.
Microsoft's gaming division, including Candy Crush developer King, has laid off over 200 staff members, many of whom helped develop AI tools now used to replace their roles, highlighting concerns over automation and job security in the industry.
Following a Supreme Court decision allowing President Trump to resume firing federal workers without prior congressional consultation, many federal employees are anxious about losing their jobs, with some considering legal action and others preparing to update their résumés.
The Supreme Court allowed the Trump administration to proceed with layoffs and restructuring of federal agencies, challenging the traditional job protections for civil servants, leading to widespread anxiety among federal employees and ongoing legal battles.
A Frito-Lay manufacturing plant in Rancho Cucamonga, California, is shutting down after 50 years, potentially affecting many employees, though the company has not disclosed specific numbers. The plant's warehouse and distribution operations will continue, and PepsiCo is offering support to impacted workers. The closure marks a significant change for the local community and the company's operations.
The Trump administration's proposed federal budget would significantly cut NASA's funding by about a quarter, leading to the loss of 672 jobs at NASA Langley and reductions in science programs, sparking concerns about the impact on scientific research and the local economy in Hampton Roads.
NASA's proposed 2026 budget of $18.8 billion would significantly cut its funding, cancel over 40 science missions including Mars Sample Return and Venus missions, and lay off thousands of staff, while shifting focus towards exploration initiatives like lunar and Mars exploration programs. The budget faces opposition from industry groups and Congress.