The financial news that actually matters
Covers company layoffs, job cuts, business closures, and restructuring events. It explains how these changes affect employees, industries, and local economies.
Tricolor, a subprime used-car seller and lender concentrated in the U.S. Southwest, filed for bankruptcy in September 2025, forcing the closure of roughly 60 dealership locations and stranding thousands of borrowers who depended on the company for both vehicle purchases and loan servicing. According to contemporaneous news coverage, the company’s collapse abruptly halted originations and…
International Motors, headquartered in Lisle, Illinois, is cutting 300 corporate jobs as demand for new trucks softens across the heavy-duty segment. The layoffs were disclosed through a filing on the state’s official Worker Adjustment and Retraining Notification database, making it one of the larger white-collar reductions in the Chicago suburbs this year. The cuts land…
SK Battery America Inc. cut 958 workers from its electric-vehicle battery plant in Commerce, Georgia, eliminating about 37% of the site’s workforce. The layoffs, filed through a state WARN notice by HR chief Chuck Moore, left roughly 1,600 employees at the facility. Pay continuation for affected workers runs through May 6, but the scale of…
About 111,000 layoff announcements hit the U.S. labor market in June, the highest count for that month since 2004. The figure, drawn from private tracking of employer-announced job cuts, arrived just as the Bureau of Labor Statistics published its own June 2025 separations data through the Job Openings and Labor Turnover Survey. The gap between…
More than 38,000 tech workers learned in May that their jobs were being eliminated, making it the sector’s worst single month in nearly two years. Artificial intelligence was the reason employers gave most often, cited in connection with roughly 40 percent of all U.S. layoff announcements during the same period. The tech industry has now…
Tech workers absorbed the sharpest single-month blow since mid-2024 as employers eliminated 38,242 positions across the sector in May 2026. Artificial intelligence was cited as the driving force behind nearly 40 percent of all U.S. layoffs announced during the month, according to company disclosures and workforce tracking data. Cisco Systems and Block are among the…
People who applied for jobs at Boeing in Washington state without receiving legally required pay information can file a claim for an estimated $1,396 under a class action settlement, and they do not need to provide any documentation to do so. The deadline to submit a claim is June 29, 2026. The case centers on…
Workers across the American tech sector absorbed the sharpest round of job cuts the industry has seen in nearly two years during May, when employers announced 97,006 reductions nationwide. The tech sector alone accounted for 38,242 of those cuts, roughly 39 percent of the total, concentrating pain in an industry that had been among the…
Meta eliminated roughly 8,000 positions this week in its largest single round of layoffs since early 2023. About 7,000 employees who survived the cuts received new assignments: build the artificial intelligence systems that rendered their former colleagues unnecessary. Another 6,000 open positions will go unfilled, pushing the total headcount reduction to roughly 14,000. The layoffs…
American employers put 83,000 planned job cuts on the record in April, the highest single-month total since January’s 92,000 and a sharp jump from March, according to data released by outplacement firm Challenger, Gray & Christmas. “The April number is elevated, but it is important to remember that a single large restructuring can distort an…
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