Category: Layoffs and Closures

Walmart’s top human resources executive has publicly criticized companies that cut workers in the name of artificial intelligence, calling the practice “unfortunate” and announcing plans to offer AI training to the retailer’s 1.6 million U.S. and Canadian employees instead. Chief People Officer Donna Morris framed the initiative as a direct alternative to the wave of…

Red Lobster has shrunk its footprint through its Chapter 11 bankruptcy process and has warned that a smaller store base will be part of its path forward even after its court-supervised restructuring. The chain emerged under new ownership and new leadership, and the restructuring centered on closing underperforming restaurants. For longtime customers and the communities…

Crypto lender BlockFills suspended client withdrawals on February 11, 2026, as bitcoin prices slid sharply, according to Reuters. The company, backed by Susquehanna, serves institutional clients. The sudden freeze leaves some customers unable to access funds at a time of heightened volatility across digital asset markets. BlockFills Freezes Withdrawals as Bitcoin Falters BlockFills, a crypto…

Sam Altman used a high-profile appearance in New Delhi to call out a growing corporate tactic: blaming artificial intelligence for job cuts that were already on the chopping block. Speaking at the India AI Impact Summit, he said some companies are engaging in “AI washing,” invoking the technology as cover for layoffs they would have…

Ford Motor Company is dissolving its battery-plant partnership in Kentucky and taking sole control of two factories it once pitched as job-creation engines, a move that has drawn sharp criticism from workers who now face layoffs and an uncertain future. The automaker signed a Joint Venture Disposition Agreement on December 9, 2025, with SK On,…

E. & J. Gallo Winery has filed a Worker Adjustment and Retraining Notification with the state, disclosing a plant closure and job cuts across multiple facilities, according to the California Employment Development Department’s WARN records. The filing appears in the EDD WARN database in February 2026. For workers and communities in the Central Valley, where…

British Columbia plans to cut 15,000 public sector jobs in the next fiscal year, a dramatic workforce reduction that still will not prevent the province’s spending and debt from climbing sharply. The announcement, which came this week, pairs deep staffing reductions with a budget trajectory that sees annual expenses growing by billions of dollars through…

FATE S.A., Argentina’s sole domestically owned tire manufacturer, announced a shutdown and dismissed all 920 of its workers, ending decades of national production in a single stroke. The Buenos Aires provincial government responded by ordering mandatory conciliation to freeze the mass layoffs, but the company’s stated reason, changes in market conditions, points to structural pressures…

True Value Company, the decades-old hardware cooperative that built its name supplying independent retailers competing against big-box chains like Home Depot and Lowe’s, is ceasing operations as a standalone business. The company announced a sale agreement with fellow cooperative Do It Best and simultaneously initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the…

UPS announced on January 27, 2026, that it will cut up to 30,000 jobs this year, adding to the roughly 34,000 operational positions it already eliminated during the first nine months of 2025. FedEx, meanwhile, has been consolidating facilities across approximately 290 locations in the U.S. and Canada under its own restructuring plan. Together, the…