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Fortune 500 retailer CarMax lays off 350 employees
Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nationally, including 55 in Virginia.
Paramount to cut 2,000 jobs after Skydance merger
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
Judge blocks Trump administration’s shutdown firings
A federal judge halted Trump administration plans to fire federal employees during the shutdown, saying the cuts were likely illegal.
UPS cuts 48,000 jobs in the year to date as its turnaround continues
UPS cut about 34,000 jobs and closed 93 facilities this year as part of its cost-cutting turnaround and restructuring plan.
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artificial intelligence.
Booz Allen Hamilton announces new round of layoffs
Booz Allen Hamilton is initiating another round of layoffs amid declining revenues in its most recent quarter.
Coal mining company to lay off 118 in Southwest Virginia
Wellmore Energy Co. a metallurgical coal mining company, is again planning to lay off workers in Buchanan County.
US Patent and Trademark Office to lay off 126 at Alexandria HQ
The United States Patent and Trademark Office will lay off 126 employees at its Alexandria headquarters, on Dec. 9.
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
Target will lay off 1,800 corporate employees, mostly in Minneapolis, as the retailer streamlines operations before a CEO transition.
Virginia garden center lays off 97 after $160M sale to data center developer
Merrifield Garden Center will close its Gainesville facility this December, laying off 97 employees, following a $160 million property sale.
Meta cutting 600 AI jobs even as it continues to hire more for its superintelligence lab
MENLO PARK, Calif. (AP) — Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab, the company confirmed on Wednesday. Axios first reported the cuts, which will affect Meta’s Fundamental AI Research, or FAIR unit, as well as product-related AI and AI infrastructure units. […]
Nestlé to cut 16,000 jobs worldwide in cost-saving push
Nestlé plans to cut 16,000 jobs globally by 2027 as part of a cost-saving and turnaround strategy aimed at boosting efficiency.
