layoffs News

Branch CEO Lekas Announces Layoffs, Cites Inflation, Loss Costs

Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by co-founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited “ongoing challenges facing the insurance …

Facebook Owner Meta Starts Final Round of Layoffs

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March …

McDonald’s Risks Employee Ire by Joining Trend of Virtual Layoffs

McDonald’s Corp. is the latest company asking staff to work from home during layoffs, a practice that has sparked criticism from other companies’ employees and management experts. The fast-food chain told corporate staff to work remotely Monday through Wednesday to …

Lemonade Lays Off Some Metromile Employees Immediately

Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, with others offering potential opportunities. According to Blind, …

Why the Coronavirus Recession Is Not Like the Last Recession

Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent. Ramirez, 40, was originally told …

Hundreds of North Carolina Transportation Workers to be Laid Off

North Carolina’s Transportation Department says it’ll lay off hundreds of workers to help cover the ballooning cost of storm damage repairs and legal expenses. News outlets report that layoffs will include contractual and temporary laborers such as those who patch …

16 Laid Off at Oklahoma Workers’ Comp Commission

Oklahoma’s Workers’ Compensation Commission has laid off 16 employees as the organization transitions from a court-based system to an administrative one. Commission Executive Director Rick Farmer confirmed the layoffs but declined to identify the employees. The July 9 layoffs bring …

Genworth Financial Cuts About 80 Positions at Virginia Offices

Genworth Financial Inc. has cut nearly 80 positions at two Virginia operations. The move comes days after the Richmond-based company’s chairman and CEO, Michael D. Fraizer, resigned. Genworth spokesman Tom Topinka told the Richmond Times-Dispatch that the cuts were fewer …

Chartis to Trim Workforce

American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions. “As part of Chartis’ review of its personnel needs, we have …