Multinational corporation Philips intends to cull thousands of jobs in a bid to boost profitability as the company tries to refocus on health technology, a decision which comes after shares crashed following a recall of its respiratory devices in 2021. Amsterdam-based Philips plans on scrapping 6,000 jobs, with half of the cuts to be implemented…
Philips to Layoff 6,000 More Workers as Company Struggles With Profitability
January 30, 2023
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Business & MarketsCompanieseconomyfiring employeesPhilips Electronics N.V.recessionRespiratory Devicesleep therapy devicesstaff layoffs
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Hasbro Shaving Off 15 Percent From Global Workforce as Top Executive Leaves Toy Firm
Global branded entertainment leader Hasbro announced a 15 percent reduction in its workforce as well as the exit of its chief operating officer while projecting weaker revenues for the fourth quarter. In October 2022, Rhode Island-headquartered Hasbro announced that it would deliver $250–300 million in annualized run-rate cost savings by the end of 2025. In…
Almost 20 Percent of US Firms Plan to Fire Employees: NABE Survey
January 23, 2023
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Business & MarketsCompanieseconomic recessioneconomyemployment trendsfiring employeeslayoff workersrecessionunemploymentUS
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Roughly a fifth of American companies are looking to scale down their workforce in the coming months as businesses come under pressure of low margins, with many foreseeing an economic recession, according a January survey by the National Association for Business Economics (NABE). According to the survey, almost 20 percent of respondents expect employment at…
Court Upholds Firing of 2 Former LAPD Officers for Playing Pokémon Go on Duty
January 11, 2022
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firing employeesLocal NewsLos AngelesLos Angeles Police Department (LAPD)pokemon goRegional NewsRegional-Local NewsSouthern CaliforniaUncategorizedUS
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LOS ANGELES—A court upheld on Jan. 7 the firing of two police officers who were playing Pokémon Go instead of responding to a robbery in progress. The Second District Court of Appeal ruled on Friday that it was justifiable for the Los Angeles Police Department (LAPD) to lay off two LAPD officers who were playing…
Boeing Says It Fired 65 Employees for Racist, Discriminatory Conduct
Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct.
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