Layoffs

Tagged stories

A black-and-white photograph of a Manhattan newsstand in 1935, its racks and awning covered with newspapers and magazines, beneath signs for cigars and malted milk.
Media

The News Business Is Cutting Again. The Reasons Have Not Changed.

McClatchy laid off more than ninety journalists across thirteen papers in September. The Associated Press completed a US restructuring with twenty layoffs in May. Dow Jones merged two editorial units and cut ten positions in June. The pattern is the same one that has defined the industry for a decade, and consumer revenue at McClatchy fell forty-one percent over five years.

A factory in Hamilton, Ohio, with metal silos and low industrial buildings behind a chain-link fence and a mown lawn.
National News

Springfield's Truck Plant Closed When GM's Contract Ran Out. Its New Owner Has Not Said When It Will Reopen.

International Motors, formerly Navistar, stopped building trucks in Springfield, Ohio, on Wednesday and laid off the 1,341 people on its state notice. The plant's main work, assembling Chevrolet Silverado medium-duty trucks for General Motors, ended with the contract. The buyer, Canada's Roshel, says it plans to more than double the workforce over time. The city says it has not been told when.

A welder in a helmet leans over a length of steel pipework in a metal fabrication shop, sparks and a bright blue arc flaring from the seam, with welding sets, gas bottles and overhead ducting filling the workshop behind him.
The Numbers

Claims Fell to 197,000 While Tech Announced 155,126 Cuts. Check the Denominator.

Initial claims for unemployment insurance fell to 197,000 in the week ending 19 September, the Labor Department reported on Thursday, with the insured unemployment rate at 1.1 per cent. Challenger, Gray & Christmas counts 155,126 announced job cuts in technology through August, up 52 per cent on last year and 29 per cent of every cut announced in the United States. Both numbers are correct, and the reason they do not collide is the denominator.