Boeing has been losing money for over five years and is now dealing with a strike that has shut down factories in the Seattle area. The staff cuts will include executives and managers, the CEO said.
CNN is eliminating approximately 100 jobs and plans to debut its first digital subscription product before the end of the year as the news network leans into reshaping its business.
The Wall Street Journal has conducted multiple rounds of layoffs this year. In a lawsuit, former reporter Stephanie Armour says the paper tried to shed employees with significant health-care costs by citing “trumped up performance issues.”
The Wall Street Journal conducted another round of layoffs, explaining that it was pulling back from regional and local general news. It already has cut staff in Washington and abroad.
UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. CEO Carol Tome said that the job cuts will produce $1 billion in cost savings.
Workers are on a 24-hour strike to pressure owner Jeff Bezos and company leaders to negotiate a new labor contract. The Post says it needs to cut jobs and may resort to layoffs.
The Washington Post plans to cut 240 jobs, or 10% of its workforce, through voluntary buyouts. Leaders said they had been "overly optimistic" about growth.
For the first time, the UAW is on strike against the Big 3 U.S. automakers at once. Workers at three plants have been called out so far, with more to follow Friday if there's no progress on a deal.
Autoworkers are on strike at General Motors, Ford and Stellantis, an unprecedented move by the United Auto Workers union. Already, there are ripple effects.
The telecommunications company said it wants to eliminate roles that are too similar to each other and don't align with the company's current priorities.
