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Univision Lays Off 6% Of Staff

August 2nd, 2018 | Leave a comment.

Univision is announcing layoffs, the next major step in the Hispanic media giant’s complete makeover. Numbers are not specified in the company-wide memo, but a source close to the company says 6% of jobs will be eliminated. Before the reductions, the company had a workforce of about 4,000 people, meaning the ranks of the departed will […]

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Mattel is cutting 22% of its non-manufacturing workforce

August 2nd, 2018 | Leave a comment.

Sad about the recent demise of Toys “R” Us? So is Mattel. The New York-based toy manufacturer lost more than $240 million last quarter, more than quadrupling its loss from the same three months of 2017. It blamed the liquidation of Toys “R” Us for a 14% drop in net sales. But you may want […]

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Sears lays off 200 more employees

July 17th, 2018 | Leave a comment.

Sears Holdings Corp. laid off 200 corporate employees last month, following a round of 220 job cuts earlier this year. About 150 of the employees affected in the latest round of job cuts worked at the company’s Hoffman Estates support center Source – Chicago Tribune What you need to know! Sears Holdings Savings Plan is a defined contribution plan […]

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State notice: More than 200 layoffs at TEC Industrial in Kingsport

July 17th, 2018 | Leave a comment.

A state report says more than 200 workers at a Kingsport industrial business will lose their jobs next week. The statement from the Department of Labor and Workforce Development said TEC Industrial filed notice of a permanent layoff that impacts 238 workers at their facility located on Konnarock Road in downtown Kingsport. Source – WCYB […]

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Boise Call Center Lays Off 640 Workers

July 17th, 2018 | Leave a comment.

640 employees at Sykes Enterprises in Boise are out of work following a round of layoffs at the call center. Source – Boise State Public Radio What you need to know! Sykes Enterprises, Inc. 401k Savings Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating […]

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