VSCO has not said how many staff were working in New York at the time of closure or what percentage of the workforce the layoffs represent.
Notably, Intel cut 12,000 jobs — 11percentt of its workforce — in layoffs that began last May and are projected to be complete by mid-2017.
The sharp uptick means that businesses have not managed to cut payroll as fast as output as been falling, even though the U.S. workforce has endured massive layoffs.
With the unemployment rate at 9.6% in October and a workforce still stunned by layoffs and increased workloads, employees across the country have been forced to redefine the meaning of security in today's market.
Reeling from a year of falling profits and other problems at home and abroad, the Coca-Cola Company said it would cut 6,000 employees, or one-fifth of its worldwide workforce, in the largest layoff ever for the soft-drink giant.
Baus spent nine years writing technical manuals for Ford, taking on engineering duties after layoffs left the workforce thin.
ON MARCH 10th United Technologies, mangled by the economic crisis, became the latest American industrial giant to announce massive layoffs, cutting its workforce by 11,600, or around 5%. Unemployment across the developed world is reaching levels not seen for decades.
Shortly after that decision, Pact made a number of layoffs to its workforce, and has since slashed other costs, including by moving into smaller offices.
Intel says it's related to the workforce restructuring that resulted in layoffs, but my theory is that it has something to do with the fact that not everyone at Intel is on board the diversity and inclusion train.
The source indicated that part of the reason for the layoff was the workforce was bloated (their words), but the company also needed to recalibrate to get the right mix of skills.
