layoffs

Disney set to layoff thousands this week

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This week, The Walt Disney Company is faced with a challenging transition as they layoff thousands of employees while engaging in a heated debate with Florida Governor Ron DeSantis. The Burbank-based entertainment giant has revealed a $5.5 billion cost savings proposal, which is the most significant shake-up since former CEO Bob Iger’s return in November, who declared the elimination of 7,000 positions in the start of the year. After carrying out this round, they have …

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McDonald’s announces layoffs, cuts pay and benefits for others

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McDonald’s has recently announced a company-wide restructuring, which involves the laying off of hundreds of corporate office employees, a reduction in pay and benefits for some, and the closure of various field offices. Internal emails that were obtained by the Wall Street Journal revealed that Joe Erlinger, president of McDonald’s USA, wrote in an email that the McDonald’s Brand is in the best position it has been in years, but the business is becoming increasingly …

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McDonald’s closes offices, prepares for layoffs

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McDonald’s Corporation is undertaking major changes to remain competitive in the fast-food industry. In order to inform corporate staff of potential job losses, the multinational fast food chain announced that all of its corporate offices in the United States will be closed for the week. An internal email was sent to U.S. and international personnel to inform them of the need to work from home on March 29th, 30th, and 31st. Earlier in January, Christopher …

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Major U.S. company laid off almost entire workforce via text

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In the days before Thanksgiving, United Furniture Industries laid off nearly its entire workforce.  Approximately 2,700 workers lost their jobs on Monday, according to the Northeast Mississippi Daily Journal.  Workers at the company, one of the nation’s largest furniture companies, received an email and text message late Monday night instructing them not to report to work the following day.  A follow-up email from United Furniture Industries said the layoff is “expected to be permanent, and …

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