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DST Systems announces large layoffs

July 9th, 2018 | Leave a comment.

DST Systems Inc. announced that it will lay off 6 percent of its worldwide workforce. The cuts come two months after the Kansas City-based financial tech company sold to SS&C Technologies Holdings Inc. That would suggest that roughly 850 people would be laid off. DST also laid off its workers without hiring an outplacement firm. An […]

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Tesla layoffs: Elon Musk says job cuts required to fuel profits

June 18th, 2018 | Leave a comment.

DETROIT – Electric car maker Tesla is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable. CEO Elon Musk said in an e-mail to workers that the cuts amount to about 9 percent of the company’s workforce of 40,000. Source – CBS News Tesla Motors, Inc. 401k Plan is a defined […]

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Mortgage company layoffs hit Charlotte

June 11th, 2018 | Leave a comment.

Movement Mortgage said Thursday it is laying off 100 employees nationwide, including 18 in the Charlotte area, as the lender founded by a former Carolina Panthers player braces for an industry slowdown. Movement, based in Indian Land, S.C., attributed the cuts in operations positions to slower than expected loan growth. Affected jobs in the region […]

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Sykes laying off 377 in Fayetteville

June 11th, 2018 | Leave a comment.

Sykes Enterprises Inc. is laying off 377 employees at its Strickland Bridge Road location at the start of July, according to a filing with the N.C. Department of Commerce. The state’s WARN reports indicate that the layoffs are temporary. The Worker Adjustment and Retraining Notification Act is a labor law that requires most employers with […]

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Indiana’s largest beer distributor laying off 100 workers

June 11th, 2018 | Leave a comment.

INDIANAPOLIS — Indiana’s largest beer distributor is laying off 100 workers after losing a contract with a major supplier. Monarch Beverage Co. expects the job cuts to occur by Sept. 1, when the Indianapolis wholesaler will pull out of the wine business by closing its $67 million-a-year wine distribution business. Source – TheRepublic.com Monarch Beverage […]

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