Category: Layoffs and Closures

Across corporate America and the global tech sector, job cuts that began as a trickle have turned into a flood, and the fear inside workplaces is catching up with the numbers. From warehouse floors to newsrooms and software teams, workers are watching colleagues disappear from Slack and office seating charts while executives talk about “efficiency”…

One of Subway’s largest regional operators has sought shelter in Chapter 11, putting 43 restaurants and hundreds of jobs in limbo across the Northeast and Mid-Atlantic. Pennsylvania based MTF Enterprises, which runs those 43 Subway outlets in Pennsylvania, Maine, New Hampshire and Virginia, is trying to keep doors open while it restructures heavy debts tied…

The chill in the labor market is no longer a metaphor. U.S.-based employers announced 108,435 job cuts in January, the worst opening month for layoffs since the depths of the 2009 financial crisis, and more than double the 49,795 cuts a year earlier. At the same time, announced hiring plans sank to record lows, turning…

Across the United States, workers are watching a new wave of corporate cost cutting roll through boardrooms and into payrolls. From delivery giants to tech platforms and drugmakers, job cuts that began as isolated announcements are now forming a pattern that is hard to ignore. The headline numbers are stark, but the deeper story is…

America’s once red-hot labor market is cooling fast. Job openings have fallen to 6.5 million, the lowest level since September 2020, while announced layoffs have surged to 108,400 in January, the highest start to a year since the aftermath of the financial crisis. Taken together, the data points to a decisive turn in the cycle,…

Workday is preparing another round of cuts that could ripple through some of the country’s most expensive job markets, with staff in New York, Boston and Washington, DC bracing for impact. The company has signaled that about 2% of its workforce, or roughly 400 employees, will be affected, concentrating the blow in customer-facing and support…

Older workers are discovering that experience is no longer the shield it once was. As companies chase efficiency, automation and lower payroll costs, baby boomers are being pushed out of jobs at a pace that feels less like a gentle glide into retirement and more like a mass culling. The reasons are often dressed up…

A niche but beloved Alaska cruise brand has abruptly gone dark, leaving travelers and local partners scrambling to understand what went wrong. After more than a decade sailing intimate itineraries through Southeast Alaska, Alaskan Dream Cruises has shut down and canceled every future voyage, a rare full stop in an industry that usually prefers gradual…

The Washington Post has moved to cut roughly one third of its workforce, a sweeping reduction that guts core parts of its newsroom and reshapes one of the country’s most influential media institutions. The decision, framed internally as a reset, instantly turned a storied brand into a case study in how even marquee outlets are…

Gemini is pulling back from its global ambitions, cutting a quarter of its staff and shutting exchange operations across Europe and Australia as the Winklevoss twins pivot toward a leaner, U.S.-centric strategy. The move marks one of the clearest signs yet that a platform once pitched as a regulated, mainstream gateway to digital assets is…