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Tag: layoff watch

Tech’s greatest misread pandemic demand – now their workers paying the price

Analysis by Catherine Thorbecke, CNN Business In the early months of the pandemic, Facebook only grew bigger and more central to our lives. With lockdowns...

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Troubled tech firm Avaya – HQ in Durham – is laying off workers

DURHAM – Technology company Avaya, which moved corporate headquarters to Durham from the Silicon Valley region two years ago and recently went through a management...

Drug giant Novartis to close plant in Wilson where more than 240 people work

WILSON – Drug giant Novartis says it will close a plant in Wilson that employs more than 200 people, but it’s not part of...

More layoffs: Wayfair is cutting 5% of its global workforce

By Jordan Valinsky, CNN Business Wayfair is cutting nearly 900 jobs, or about 5% of the once-hot online retailer’s global workforce, as it looks to regain...

Layoffs made again at Peloton, which once had big plans for North Carolina

By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part of a major...

Layoffs to hit 200+ workers in Johnston, Pitt Counties

RALEIGH – More than 200 workers are going to lose their jobs in Johnston and Pitt Counties, according to layoff notices filed with the...

Tech firm Avaya warns ‘substantial doubt’ about ability to survive; layoffs loom

DURHAM – Shares in technology and cloud services firm Avaya plunged early Tuesday after the Durham-based firm warned it may not survive a plunge...

Jobless benefit applications climb again in sign of more layoffs

More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of...

Layoffs alert: Cargo services firm in Charlotte cutting 154 workers

CHARLOTTE – A logistics services firm in Charlotte is shutting down two work groups in moves that will result in 154 layoffs. In a filing...

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