Sep
17
Raytheon Technologies plans to cut more than 15,000 jobs at its corporate offices, jet engine-maker Pratt & Whitney, and aviation and military equipment manufacturer Collins Aerospace. Chief Executive Officer Greg Hayes, said the cuts amount to administrative cost reductions of about 20 percent at Pratt & Whitney, based in East... read more →
Sep
07
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending September 5th, 2020. Some of the major layoffs announced during the week are: Embraer - Aircraft manufacturer Embraer is to layoff 900 employees... read more →
Sep
07
According to the U.S. Bureau of Labor Statistics, in August 2020, the employment rate rose by 1.4 million and the unemployment rate declined by 1.8 percentage points to 8.4 percentage and the number of unemployed persons fell by 2.8 million to 13.6 million. The significant improvement in employment is due... read more →
Sep
02
Ford Motor plans to layoff about 1,000 salaried jobs in North America as it tries to execute an $11 billion restructuring plan. The layoffs follow thousands of previous job cuts under the global restructuring begun two years ago, as it projects an operating loss this year. The job cuts are... read more →
Aug
31
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending August 29th, 2020. Some of the major layoffs announced during the week are: Easyjet - The aviation company is cutting up to... read more →
Aug
27
Bed Bath & Beyond is laying off approximately 2800 employees across its corporate headquarters and retail banner stores, as the retailer tries to streamline its operations and tries to restructure its finances amid the pandemic. The retailer furloughed the majority of its store and corporate employees as they had to... read more →
Aug
24
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending August 24th, 2020. Some of the major layoffs announced during the week are: Easyjet - The aviation company is cutting up to... read more →
Aug
21
The U.S Cosmetic giant Estee Lauder plans to layoff 1500 to 2000 jobs or about 3% of its workforce globally. The company also plans to close about 15% of its brick and mortar stores. Posting its low quarterly earnings, the company stated travel restrictions and store closures due to the... read more →
Aug
17
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending August 15th, 2020. Some of the major layoffs announced during the week are: Debenhams - The department store chain has laid off 2,500... read more →
Aug
10
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending August 8th, 2020. Some of the major layoffs announced during the week are: Pratt & Whitney - US aerospace giant laid off around 400 Singapore... read more →