November 18, 20240 Comments

Boeing to lay off over 2,200 workers in US states of Washington and Oregon By Reuters

By Dan Catchpole, Allison Lampert (Reuters) -Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to filings posted on Monday, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.  The aerospace giant started telling affected U.S. workers on Wednesday that they will stay on Boeing (NYSE:)’s payroll until Jan. 17, to comply with

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November 12, 20240 Comments

Struggling DNA-testing site 23andMe to lay off 40% of its workers

The struggling genetic testing company 23andMe says it will cut 40% of its workforce, or 200 jobs, as it fights for survival. The once-popular DNA-testing site will also halt work on therapies it was developing. Last year, the company said hackers had managed to gain access to personal information of millions of its users. 23andMe’s share price has fallen by more than 70% this year, as its co-founder and chief

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November 9, 20240 Comments

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been battling high inventory levels and lower earnings this year, said the decision at its Toledo

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November 8, 20240 Comments

Nissan to lay off thousands of workers as sales drop

Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where

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