US Job Cuts

Apple Inc. (NASDAQ: AAPL) would lead the week's big tech earnings news flow, with the company scheduled to report on Thursday after the close. No Massive Layoffs: The most widely seen tech theme of recent times — massive layoffs — may be absent from Apple’s...

Walt Disney Co (NYSE: DIS) is furloughing employees at its Southern California theme park in addition to the previously-announced 28,000 job cuts, according to Reuters. Executives, salaried employees, and hourly workers would be reportedly affected but the exact number is unknown. What...

Exxon Mobil Corporation (NYSE: XOM) announced plans to cut its U.S. headcount by 1,900 on Thursday as a part of the reorganization initiative spurred by a drop in oil prices and setbacks from the COVID-19 outbreak. What Happened: Exxon could slash almost 15% of the global...

Due to the COVID-19 pandemic, the media and entertainment business is losing revenue from movie tickets, cable subscriptions, and television ads. Telecom giant AT&T Inc’s (NYSE: T) subsidiary WarnerMedia LLC is the latest in the sector to consider layoffs as a cost-cutting measure,...

Walt Disney Co (NYSE: DIS) theme parks are still dealing with the impact of lockdown and the company is forced to slash around 28,000 jobs, it said in an internal memo accessed by CNBC. Josh D’Amaro, head of parks at Disney, in the memo said that approximately two-thirds of the...

Boeing Co. (NYSE: BA) is planning to announce cuts to its domestic workforce as early as Friday. What Happened After announcing a 10% reduction in its global workforce, Boeing is cutting its workforce in the United States this week, according to a spokesperson for the Society of Professional...