...as reported by MacroEdge over the past week
One of the largest residential solar installers in the nation, Titan Solar, has abruptly shut down and filed for bankruptcy in the latest blow to a troubled industry. This will impact around 2,100 employees.
https://x.com/MacroEdgeRes/status/1803236999496683983
Rite Aid will close an additional 27 stores in Ohio and Michigan, along with several distribution centers~1,000 employees impacted
Memphis Shelby County Public Schools is cutting 1,100 jobs
Apple is suspending work on its next Vision Pro Headset They can keep focusing work on buybacks instead
Chegg is eliminating around a quarter of its workforce, or 500 employees
Walmart to eliminate hundreds of jobs in Georgia as it closes stores in the state
Ford plans to cut up to 1,600 jobs in Europe
Pfizer is expected to lay off hundreds of employees in Sanford
Stellantis is gearing up for $200 million in severance related costs in the 2H of 2024, which means more job cuts on the horizon
On Semiconductor is laying off 1,000 employees in Arizona and Oregon as apart of a new cost cutting drive
Mercury Marine is laying off nearly 300 workers in Fond du Lac, and making workforce “adjustments” at other facilities, citing slower sales.
Oracle is laying off around 700 employees and is shutting down Oracle Advertising
Another round of layoffs is happening at Rivian as part of the electric vehicle-maker’s efforts to cut costs, primarily impact manufacturing The great EV flop continues…
CVS corporate is reportedly preparing for more substantial job cuts
Meta is reportedly eliminating a significant number of its Vice President positions company wide
FedEx to eliminate another 2,000 employees globally
Best Buy is laying off more employees as it reckons with falling sales
Coach USA, a Megabus Operator, has filed for bankruptcy and is looking to sell off its assets
Crown Castle Intl is reportedly undergoing mass layoffs today
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