Tag: layoffs

  • Newsletter: Brace for a Surge in Layoffs

    Newsletter: Brace for a Surge in Layoffs

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    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Layoffs Surging The number of Americans applying for first-time unemployment benefits jumped last week. The worst is yet to come. Initial jobless claims increased by 70,000 in the week ended Saturday, March 14, the fourth biggest percentage…

  • Ford to Cut 900 Jobs This Week, 7,000 by August

    Ford to Cut 900 Jobs This Week, 7,000 by August

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    Ford Motor Co. plans to eliminate about 7,000 salaried jobs — about 10% of its global white-collar workforce — as pressures mount on automakers to keep pace with massive technological shifts amid signs global vehicle demand has peaked. Eliminating the rankings will save Ford about $600 million a year, Chief Executive Officer Jim Hackett wrote…