Yahoo - 10% of Workforce Layoffs Coming?

Yahoo - 10% of Workforce Layoffs Coming?


Major layoffs will be coming to Yahoo as part of its planned reorganization to get its business back on track.
The company is working on a plan to cut at least 10% of its workforce, said sources familiar with the situation. The cuts would reduce Yahoo's headcount by more than a thousand employees and could begin as early as this month, the sources said.

 Finish Line to close up to 25% / 150 Stores over next 4 Years 


Finish Line Inc. said it plans close up to a quarter of its stores over the next few years and is replacing its chief executive as it faces declining sales and supply-chain disruptions.
Shares of the company, which have declined 25% in the past 12 months, dropped 18% in premarket trading on Thursday as the company also posted a deep loss for the third quarter.
The athletic-shoe retailer said current President Sam Sato will become its next chief executive, succeeding current Chief Executive Glenn Lyon. The company also said it would close up to 150 of its stores, or 25% of its total, over the next four years in a bid to increase profitability. The stores targeted to be closed have average annual sales of about $1 million.

 Madison Oscar Mayer operations - 141 Layoffs Begin

Kraft Heinz plans to begin reducing staff at its Madison Oscar Mayer operations with the layoff of 141 salaried non-union employees who opted against accepting offers to move with their jobs to Chicago.
The closing of the Madison corporate headquarters is expected in phases between Feb. 26 and June 24, according to a Worker Adjustment and Retraining Notification Act notice released Wednesday by the Wisconsin Department of Workforce Development. Layoffs will occur in phases during that timeframe.