layoffs

British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide.
Kirsty Wigglesworth/AP Photo, file
AP News
October 07, 2019 - 10:54 am
British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide.
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Andrew Kramer/KYW Newsradio
Molly Daly
July 18, 2019 - 12:11 pm
UPDATED: 1 p.m. PHILADELPHIA (KYW Newsradio) — Drexel University has announced it'll lay off about 40% of its physicians and clinical staff because of Hahnemann University Hospital's coming closure. Word of the layoffs came Thursday morning in an email to the Drexel community from medical school...
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Glen Mills Schools
Jim Melwert/KYW Newsradio
Jim Melwert
April 05, 2019 - 1:10 pm
PHILADELPHIA (KYW Newsradio) — The last student at what’s been called "The Harvard of Refrom Schools" is leaving on Friday. Glen Mills Schools has begun laying off staff, and they’ve also filed an appeal of the order from the state that forced all children to be removed from the Delaware County...
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Verizon is about to cut hundreds of employees from its ailing media division as the company continues to tweak its multi-billion dollar bet on content and digital advertising.
David Paul Morris/Bloomberg/Getty Images via CNN
January 25, 2019 - 12:15 pm
By Seth Fiegerman, CNN Business (CNN) -- Verizon is about to cut hundreds of employees from its ailing media division as the company continues to tweak its multi-billion dollar bet on content and digital advertising. Verizon Media Group, the portfolio of media brands that includes Yahoo, AOL and...
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IKEA
Hadas Kuznits/KYW Newsradio
November 21, 2018 - 11:13 am
(CNN) -- Ikea is laying off about 7,500 employees and reorganizing its global business. Ingka Group, which owns and operates most Ikea stores, said Wednesday it is cutting its global workforce by 5% and shifting toward smaller stores and more online shopping. "We recognise that the retail landscape...
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New York Daily News to slash 50% of its editorial team
Getty Images via CNN
July 23, 2018 - 11:03 am
By Tom Kludt (CNN Money) -- The New York Daily News is shedding about half of its editorial team, marking a grim development for the venerable but beleaguered tabloid. An email sent to staffers on Monday morning said that the paper's parent company Tronc is "fundamentally restructuring the Daily...
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