(Natural News) American transportation and logistics giant Ryder System Inc, commonly known as Ryder, has announced that it will be laying off 801 employees after the company lost work at a factory in Austin, Texas. A total of 801 Ryder employees at the Applied Material site, a semiconductor plant in Austin, will lose their jobs. […]

(Natural News) Coinbase is once again slashing its workforce in response to the ongoing downturn in the cryptocurrency industry. The publicly traded cryptocurrency exchange announced that it is planning to reduce its headcount by around 950 employees as part of the company’s restructuring effort that it expects to be completed by the end of the second […]

(Natural News) Transportation giant FedEx’s less-than-truckload delivery division, FedEx Freight, has announced that it will start furloughing an unannounced number of drivers starting early December due to the massive drop in demand for delivery services. According to FedEx, the furloughs for FedEx Freight, which employs approximately 47,000 people, are scheduled to last for around 90 […]

(Natural News) If you knew for certain that we were about to plunge into another massive economic downturn like we experienced during the “Great Recession”, how would you respond?  The events of the second half of 2008 took almost everyone by surprise, and the vast majority of the population was completely unprepared for what happened […]

(Natural News) A survey has found that around 50 percent of all employers in the United States will eliminate jobs within the next 12 months. The survey was conducted by PricewaterhouseCoopers (PwC) on 722 U.S. executives in early August. According to the survey, 50 percent of American firms are anticipating job cuts, while 52 percent are […]

(Natural News) The New York State Department of Financial Services (NYDFS) has issued a $30 million fine on Robinhood’s crypto division over anti-money laundering and cybersecurity-related issues. Robinhood, a financial services company that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app, said last year that it will pay NYDFS a $30 […]

(Natural News) When the economy slows down, layoffs inevitably happen.  We witnessed this on a very large scale in 2008 and 2009, and now it is happening again.  U.S. economic numbers are rapidly getting worse, and companies all across America don’t want to get caught with bloated payrolls as we plunge into a recession.  As you […]

(Natural News) Robinhood fired nearly a quarter of its employees a day before the company reported dismal quarterly earnings due to the collapse of cryptocurrency values. The financial services company’s easy-to-use platform made it notorious early last year when many young investors trading from home participated in the GameStop stock short squeeze. Robinhood’s platform has been […]

(Natural News) Mortgage lender LoanDepot is set to sack another 2,000 employees by the end of the year as the company cuts back “to align with rapidly changing market conditions.” The mass layoff is part of the company’s plan to decrease the workforce to 6,500 by the end of 2022. The company, which had 11,300 […]