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Employees React to Layoffs at UWM

20 hours ago — MADISON (WKOW) -- UW-Madison workers are reacting to massive layoffs that have rocked UW-Oshkosh campus in the past week.

UW-Oshkosh laid off 140 staff, 76 more chose to take voluntary retirement, and others on contract found that the university would not renew their employment agreements. In total, the losses account for over 20 percent of UW-Oshkosh's workforce.



Wells Fargo Bank Decimates US Domestic Workforce by hiring 3 unqualified offshore Workers for every 1 skilled US Worker

Layoffs to the US workforce will continue until the December freeze goes into effect. Until then, More cuts will hit mortgage, CB, Auto, branches, corp risk, technology, and others in remote rolls and non-hub locations. They will also be hitting hub locations for individuals that are not compliant on the RTO policIES. The justification is to offshore for the cheap labor! This is the only way that C S knows how to cut costs. Pretty pathetic.

Now for the my rant of truth: if it’s TLDR, then don’t bother, I am only speaking the truth.

The current CEO is failing miserably. Meanwhile the Board of Directors continues to drive a false narrative that he is making progress and being a successful CEO while at the same time The company experiences, faulty systems, Multi billion dollar fines, and serious impacts to our customers due to all of these glitches that pop up on a monthly basis. it just goes to show how much the CEO actually understands repetitional risk.

The truth is the bank continues to be a habitual offender and meeting its regulatory obligations. CEO continues to cost the bank billions of dollars in fines and additional regulatory action. he is an overpaid CEO that cannot show any milestones or successes, or even how far along he is in whatever strategy he pitched to the board upon hiring him.

The Sharty CEO cannot maintain the stock price. in fact, it consistently is getting lower than when the bank came under extreme scrutiny and was outed for the false account scandal. Can someone tell me why this CEO continues to receive multi million dollar raises, unlimited access to the company jet for personal vacations, And insulate himself with his most recent hires of all his deadweight cronies.

The only way to turn this bank around is to find a CEO that actually understands both banking and technology. If Wells Fargo CEO was truly looking for this to be the year of efficiencies, he invest in the current employees, along with allowing everyone to use an AI assistant, such as Microsoft copilot. You would think that since he’s on the board of Microsoft, he would actually understand this. Unfortunately, he is a dinosaur and defaults to his 1980s playbook of offshore US domestic talent to hire three qualified offshore individuals. Any id--t could come up with this strategy.

If you really wanted to invest in our risk and controls he would be looking at technologies that not only automate these controls, but also allow the bank to be proactive in their risking control environment.

This will never happen under a dinosaur CEO. Let’s look at an example real quick. I’m no fan of musk, but if you look at Tesla and his other companies, there is a reason why he has become the richest man in the world coinciding with profitable companies. I understand his companies have had their ups and downs, but so has Wells Fargo.

The point I am trying to make is, without a younger CEO, Wells Fargo will never make any significant changes better their efficiencies. The CEOs, lack innovation, long-term strategies, and knowledge in what technology can do to assist workers do their jobs and be much more efficient. There is a reason why musk is the richest man in the world in such a short amount of time. I just named a few of those reasons.

It’s time to get rid of the senile dinosaurs and bring in some young, knowledgeable, and motivated employees

The only thing that our dinosaur CEO can say, is that he cut headcount by offshore US jobs and reduced costs by paying cheap labor. This reminds me of the barons back in the day who were building the railroad. They made sure to capitalize on cheap labor, regardless of equality or ethics.

If you look at their earnings, call, you can see that they’re big topic. Was they cut headcount which resulted in reduce expenditures. I’m glad they can pat themselves on the back.

If you look at the CEOs history, he has left every company with a bad taste in its mouth. Just ask the BNY melon folks about how he tried to implement a return to office policy. They gave so much pushback that he could not get it through and moved on.

This guy is deadweight! If the board is too senile to notice this, then they are deadweight too. It’s only a matter of time before this fragile house of cards comes crashing down. This is why the CEO has recently insulated himself with his cronies and has a golden parachute waiting when the time comes. Just take a peek at his offer letter on the SEC website. It is public information and you would probably be shocked. And for those who say that he is compensated based on compensation at similar banks. Well guess what, Wells Fargo is nothing like other banks! Can anyone name a bank that has been restricted to grow due to regulatory orders? The answer is no. Are there any other banks that have Paid as much and fines as Wells Fargo? The answer is no. This makes Wells Fargo nothing like any other of the banks. Don’t even try and compare it. I have still yet to see a milestone, or how far along our CEO is along on this smok and mirror journey.

The baby boomers are greediest generation, and history will judge them for that. They are nothing but ego maniacs, who refuse to step aside, and let young talent turn the bank around.

Offshore US jobs is not the answer. Capitalizing on both banking knowledge and utilizing technology will create efficiencies right out of the gate, and mitigates significant amounts of risk posed by offshore American jobs. These chumps should be ashamed of themselves.

If this was any other employee performing in this was they would have been fired years ago. It sure gonna be funny to watch when instability erupts in the regions are dinosaurs CEO decided to offshore American jobs to.

Biggest proof that our CEO is completely completely out of touch is the fact that he just spent a half billion dollars on space at HY. What kind of mo--n buys commercial real estate right before the bubbles going to burst? This was a terrible investment and could’ve been purchased at half the cost come 2024. he just needs a place for all his recent NYC hires that he has insulated himself with.

All of this is public knowledge and public information. If this is too long to read my bad. At least I’m providing the inconvenient truth. What a terrible CEO Who? is too old to even come up with a long-term strategy, and make sure that he can capitalize on his short term plan a.k.a. when is five years is up. Take a peek at his offer letter and you’ll understand what I mean.


Marriott Hutchinson Island resort sold, 169 employees to be laid off on April 8

Marriott Hutchinson Island resort sold, 169 employees to be laid off on April 8. Lina Ruiz... By federal law, companies must give advance notice of mass layoffs.


#news #MarriottInternationalNews #MarriottNews

Has anyone heard anything recently?
How many people were affected in Lexington Ky and else where?

This is re-post of 2020 layoff announcement:

Job cuts news / Lexmark laying off workers in Lexington, elsewhere

Lexmark, which is one of Lexington's largest private employers with 1,400 workers, has begun layoffs nationwide. And some of those will come in Lexington.


#news #LexmarkInternationalNews #LexmarkInternationalIncNews

Salaries are being changed

Compensation Watch ’20: PwC Making Mid-Year Salary Adjustments For Everyone

Compensation Watch '20: PwC Making Mid-Year Salary Adjustments For Everyone. by Jason Bramwell. Christmas came early for those donning the orange, red,...


#news #PricewaterhousecoopersNews #PWCPricewaterhouseCoopersNews

Collins Aerospace to lay off 65 employees in Decorah, Bellevue

A spokeswoman from Collins Aerospace did not comment on the layoffs and any consequences for those working in Cedar Rapids or Coralville. Collins...


#news #RockwellCollinsNews #CollinsAerospaceNews

The community reacts to layoffs at Shell Convent Refinery

The community reacts to layoffs at Shell Convent Refinery. News. by: Kenny Lopez. Posted: Dec 4, 2020 / 07:47 AM CST / Updated: Dec 4, 2020 / 07:47 AM CST.


#news #ShellOilNews

The community reacts to layoffs at Shell Convent Refinery
Local educator named ‘December Teacher of the Month’
CONVENT, La. (WGNO) — In St. James Parish, Ken Tureaud is surprised by the news that the Shell Convent Refinery is shutting down operations permanently and laying off a little more than one thousand workers.
“I feel for the people from the bottom of my heart, deep in my heart because they got families to take care of. There is not telling what responsibilities they have to take care of without a job,” Tureaud said.
Operations are being shut down due to fuel demand being hammered because of Covid-19.
“This area is supposed to be the richest parish in the State of Louisiana, but they’ve got a lot to show me,” he said.
Tureaud’s been a working man in Convent all his life. As a heavy equipment operator he says it has been tough to find work here.
“Applying for jobs and still couldn’t get jobs that I was looking to get. Not just to make money, but to do something that I love doing,” he said.
But he wants to offer hope to those workers from the Shell Convent Refinery who are now left without jobs.
“For me it was never easy. I never gave up. I prayed to the good Lord and let him take me where I needed to go,” Tureaud said.
Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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WASHINGTON (NEXSTAR) — House Speaker Nancy Pelosi gave an optimistic assessment of the prospects for a mid-sized COVID-19 relief bill and a separate $1.4 trillion government-wide spending bill on Friday, teeing up expectations for a successful burst of legislative action to reverse months of frustration on pandemic relief.
Pelosi told reporters that she and Senate Majority Leader Mitch McConnell are in sync on a plan to reach agreement on the massive omnibus spending bill and to add COVID-19 relief to it.
BATON ROUGE, La. (BRPROUD) - Three grades at the Sacred Heart of Jesus School are currently quarantining.
The grades that are taking classes virtually due to the quarantine are grades 3, 4 and 6.
NEW ORLEANS – The New Orleans Pelicans announced today the first half of their 72-game regular season schedule for the 2020-2021 campaign, presented by SeatGeek. The Pelicans will begin the year on a two-game road trip, opening the season against the Toronto Raptors on December 23 in Tampa Bay, Florida, followed by a Christmas Day matinee against the Miami Heat at AmericanAirlines Arena. New Orleans will host its home opener at the Smoothie King Center on Sunday, December 27 against the San Antonio Spurs.
The Pelicans will be featured on national television 19 times during the first half of the season, starting with the Christmas Day game at Miami on ESPN. In addition to the Christmas Day game, ESPN is scheduled to broadcast New Orleans’ matchups vs. Charlotte (Jan. 8), at the Los Angeles Clippers (Jan. 13) and the Los Angeles Lakers (Jan. 15), vs. Milwaukee (Jan. 29), vs. Phoenix (Feb. 3) and at Dallas (Feb. 12). TNT is scheduled to broadcast six Pelicans games beginning with Dec. 29 at Phoenix and followed by contests at Utah (Jan. 21), vs. Houston (Feb. 9), at Memphis (Feb. 16), at Milwaukee (Feb. 25) and vs. Miami (Mar. 4). NBA TV is scheduled to air five Pelicans games beginning with New Orleans’ matchup vs. Toronto (Jan. 2) and followed by games at Dallas (Jan. 11), at Utah (Jan. 19), at San Antonio (Feb. 27) and vs. Utah (Mar. 1). ABC will broadcast one Pelicans game when the team hosts the Boston Celtics in a Sunday matinee on Feb. 21.
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Post ID: @OP+18fYrm06
| Regarding Shell Oil

ABC News Hit With Layoffs as Part of Disney Cuts

ABC News Hit With Layoffs as Part of Disney Cuts. The layoffs impact a percentage of staff in the low single digits. Lindsey Ellefson and J. Clara Chan | December...


#news #AbcTvNews #ABCTelevisionGroupNews

ABC News Hit With Layoffs as Part of Disney Cuts
Radio Disney to Shut Down as Disney Undergoes New Round of Layoffs
ABC News has laid off a percentage of staff in the low single digits on Thursday as part of ongoing cuts across the Walt Disney Company, a source familiar with the matter told TheWrap.
An ABC News spokesperson declined to comment on the number of staffers laid off.
Earlier on Thursday, TheWrap reported that Disney was shuttering Radio Disney and Radio Disney Country as part of ongoing restructuring across the company. The 36 affected full- and part-time employees were notified Thursday and will all be laid off in February 2021.
Last month, Disney announced it was planning to lay off 32,000 employees — mostly from its theme parks division — in the first half of 2021.
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Los Angeles weighs layoffs for up to 951 police officers

  1. A. looking at layoffs for as many as 1,900 workers, including 951 police officers. Police officers could be laid off under a new budget proposal heading to the Los...


#news #LosAngelesNews #CityofLosAngelesNews

L.A. looking at layoffs for as many as 1,900 workers, including 951 police officers
Faced with a growing financial crisis, Los Angeles city budget analysts recommended Friday that the city begin preparing for the elimination of nearly 1,900 filled positions, including 951 officers at the Police Department.
City Administrative Officer Rich Llewellyn advised Mayor Eric Garcetti and members of the City Council to lay plans for deep reductions at the LAPD, cutting the number of rank-and-file officers by roughly 10% while also eliminating 728 civilian jobs within the department.
If the city ultimately moves ahead with such reductions, the LAPD would likely have fewer police than at any point in 25 years.
In his 144-page report, Llewellyn said the cuts are needed to close a budget gap that’s expected to reach $675 million by June 30, a crisis prompted by lower than expected hotel taxes, parking fines and other revenue compared with the prior year. Because the fiscal year is nearly half over, Garcetti and the council have less time to eliminate the gap, leaving them with far more aggressive cost-cutting proposals than in previous months.
The council is expected to take up Llewellyn’s budget proposal in the coming weeks. The report recommends the elimination of positions at other city agencies, including 143 in the city attorney’s office, 45 positions at animal services and 27 in the Bureau of Engineering.
The budget proposal is viewed by some at City Hall as an attempt to wring concessions from the Police Protective League, the rank-and-file police officers’ union. Officers are on track to receive a 3.25% raise in January, followed by another 3% in 2022, and so far the union has shown no interest in forfeiting those increases.
For months, activist groups like Ground Game L.A. and the People’s City Council have called on City Hall to make deep reductions at the LAPD, which consumes roughly $3 billion per year, as part of the growing movement to defund or abolish police. Although the LAPD represents less than 30% of the overall budget, it consumes half of the city’s “unrestricted” funds, which Garcetti and the council are free to spend as they wish.
In the weeks following protests over the k–ling of George Floyd in Minneapolis, council members cut the LAPD by $150 million, taking the force down to 9,757 — its lowest level since 2008. If the latest proposal is adopted, department staffing would, at minimum, fall below 9,000.
Police Chief Michel Moore broached the possibility of LAPD layoffs earlier this week, saying such a move would be “devastating” for public safety. Homicides so far this have reached their highest point in a decade and the number of shooting victims is up 40%, Moore said.
The prospect of layoffs for police officers has been raised at City Hall before in recent years but failed to materialize. In 2012, while arguing in favor of a half-cent sales tax measure to support the city budget, Police Chief Charlie Beck warned that a failure to approve the increase would probably result in the layoffs of 200 officers.
Voters rejected the measure, but those public safety job cuts did not occur.
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David Zahniser covers Los Angeles City Hall for the Los Angeles Times.
Richard Winton is an investigative crime writer for the Los Angeles Times and part of the team that won the Pulitzer Prize for public service in 2011. Known as @lacrimes on Twitter, during 25 years at The Times he also has been part of the breaking news staff that won Pulitzers in 1998, 2004 and 2016.
Additional closures of California businesses and activities will be based on projections of regional intensive care unit capacity.
Los Angeles issued a modified stay-at-home order Wednesday night mirroring new L.A. County rules. “Just be smart and stay apart,” Mayor Garcetti said.
California’s stay-at-home order allows essential travel only. What does that mean?
California’s stay-at-home order allows essential travel only. What does that mean?
This new phase in the pandemic means new rules for hotels and other travel providers.
Gatherings with anyone other than household members is banned in new county and L.A. city protocols.
The home-testing pilot program for L.A. County residents runs through Jan. 15 and is designed to reduce COVID-19 spread through the holidays.
Over the last week, California has averaged 17,007 new COVID-19 cases a day, a substantial increase. Meanwhile, new stay-home order takes effect Saturday.
None of the five designated regions in California have reached the critical under-15% ICU capacity, but all are expected to hit that mark soon.
A letter from the CSU chancellor and chancellor-select to campus presidents said “the rapidly deteriorating conditions” around COVID-19 necessitate a reassessment of end-of-term plans, as well as when and how to begin the spring semester.
To avoid any traces of the coronavirus that might be lurking on surfaces, Americans have been scrubbing everything in sight. Experts say it can be overkill.
A judge dismisses 15 cases that rested on the word of three LAPD officers accused of falsifying records that mislabeled people as gang members.
A 27-year-old mortuary transport driver has been arrested on suspicion of stealing a ring from the body of a dead woman.
In interviews with The Times, 12 people accused Magic Castle management, performers and others of abuses, as the legendary Hollywood club dedicated to the craft of magical performance wrestles with allegations and membership unrest.
Parts of Southern California can expect to see some extreme weather conditions over the next few days, the National Weather Service warns.
The temporary attraction, which is being called the Balboa Park Star, would be 148 feet high and could be running by spring.

Bridgestone closes Antioch office, shifts hundreds of jobs in work-from-home era

Metro also approved a jobs grant of $500 per new job, an annual payment that could last up to seven years. (Metro's current budget, enacted in June, cut that...


#news #BridgestoneNews

Further job cuts at Rolls-Royce plant as 140 more ...

A further 140 job cuts have been announced at the Barnoldswick Rolls-Royce site in Lancashire. These are in addition to the 350 proposed job losses as a...


#news #RollsRoyceHoldingsNews #RollsRoyceNews

Palmerton school board keeps same leadership

Approved food service layoffs, as a result of the district's move to all remote learning, retroactive to Nov. 30. • Authorized the superintendent and business...


#news #PalmertonAreaSdSchoolDistrictNews #PalmertonAreaSchoolDistrictNews

A Major Downgrade by Fitch...

Fitch Downgrades San Rafael City Elementary School District ...

The state budget also prohibits layoffs of teaching, nutrition, transportation and... and substitute teachers not subject to state layoff restrictions in fiscal 2021.


#news #SanRafaelCityElementarySchoolDistrictNews

Paid too much...

Wisconsin overpaid $44 million in unemployment, wants ...

“With the colder weather in Wisconsin come seasonal layoffs, which typically means an increase of about 100% in [unemployment] weekly claims filed,”...


#news #WisconsinNews

Not good news - Unemployment insurance claims on the rise in Whatcom County

“What this tells me is there are still a lot of layoffs happening,” Vance-Sherman said. While she expects to see unemployment insurance claims go up in the...


#news #WhatcomNews #WhatcomCountyNews

There you go - Pacts pending with unions for Stamford teachers, hygienists

The largest, the 1,400-member union of teachers, will take pay raises without assurance against layoffs, though raises are smaller than usual and job losses are...


#news #StamfordNews #CityofStamfordNews

Job Loss 2020 - Widespread layoffs hit US construction

Widespread layoffs hit US construction. 5 hours Only 30% of the USA's metropolitan areas have added construction jobs in the last 12 months, with project...


#news #PulteHomesNews #PulteHomesIncNews

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DRIV / Tenneco - 200 Laid off

The permanent closure, affecting its warehouse located at 20 Leo Lane, will layoff approximately 233 people, according to WARN records. The closure will occur...


#news #TennecoNews #TennecoIncNews

E-Commerce Layoffs (1,200)

  • Job Cuts (1200)
  • Walmart Confirms 1,200 Layoffs as Part of
Walmart has confirmed the layoffs of more than a thousand workers as part of a previously announced reorganization of its business...


#news #WalmartNews

Walmart Confirms 1,200 Layoffs as Part of E-Commerce Reorganization
All Work – And Now Play: Thorogood Launches Its Infinity FD Outdoor Collection
Walmart has confirmed the layoffs of more than a thousand workers as part of a previously announced reorganization of its business.
According to Worker Adjustment and Retraining Notifications filed in Arkansas and New Jersey, 1,241 roles at the big-box chain will be eliminated. The company’s headquarters are based in Bentonville, Ark., while the offices for its Jet.com subsidiary are located in Hoboken, N.J.
In an email to FN, Walmart said the job cuts are intended to boost its omnichannel operations. Back in July, it revealed plans to undergo a restructuring of its business in the United States by consolidating divisions and getting rid of some managerial positions.
“As a part of taking those difficult steps, some office associates are affected if they are unable to find a different role with the company,” spokesperson Anne Hatfield said.
The changes come amid Walmart’s ongoing effort to consolidate its brick-and-mortar and e-commerce operations, as well as boost its U.S.-based online business, which recorded a 79% spike in the third quarter. Unlike other retailers, which have grappled with months-long store closures and a decline in consumer discretionary spending, Walmart saw heightened demand during the coronavirus pandemic as panicked shoppers loaded up on household goods and other essentials.
The influx of shoppers has led Walmart to hire by the masses at a time when a record number of jobs are being shed elsewhere. Since March, when the COVID-19 outbreak took hold in the U.S., the company has employed more than 500,000 new associates across its stores and supply chain. It also made plans to hire another 20,000 people for seasonal roles at its e-commerce fulfillment centers ahead of the holiday shopping season.

DynCorp - Northern Nevada military contractor warns of layoffs

Two employers with operations in northern Nevada have filed layoff notices with... which is meant to ensure employees have notice before significant layoffs so...


#news #DynCorpNews

Northern Nevada military contractor warns of layoffs
Two employers with operations in northern Nevada have filed layoff notices with the state.
Two employers with operations in northern Nevada have filed layoff notices with the state.
DynCorp International, a private American military contractor, said it has not been awarded the new contract supporting the Naval Air Warfighting Development Center in Fallon. As a result, the company said more than 250 employees associated with the NAWDC contract will be laid off by the end of January.
In early January, the U.S. Navy awarded DynCorp International with a contract extension of $21.9 million. The center houses the famous “Top Gun” program. “Employment may end sooner based on direction from our customer the U.S. Navy,” the company said in its Nov. 30, 2020 letter to the state Department of Employment, Training and Rehabilitation.
Representatives for DynCorp did not respond Wednesday to a request for comment.
The notices were filed under the Worker Adjustment and Retraining Notification Act, which is meant to ensure employees have notice before significant layoffs so they have time to find work elsewhere.
Sodexo, a food service provider, said its 65 employees at the University of Nevada, Reno, were placed on temporary layoff status in March and it will continue that status for more than six months.
“The temporary layoffs may continue through February 2021 based on modifications of the academic calendar resuming,” according to Sodexo’s Nov. 9, 2020 letter to DETR.
A spokesperson for Sodexo told the Review-Journal that “wherever possible,” the company reassigns staff to other open Sodexo sites like grocery stores or warehouses that need extra help.
“We are utilizing a limited number of our University of Nevada, Reno team members to support catering efforts at the school and sporting events. When COVID regulations permit larger numbers of people in gatherings, we anticipate all our team members will be able to return to work,” the spokesperson said.
The layoffs come as new jobless claims for state unemployment benefits held steady last week from the prior week. DETR said on Tuesday that 15,419 new claims had been filed for the Unemployment Insurance and Pandemic Unemployment Assistance programs.
Contact Jonathan Ng at jng@reviewjournal.com. Follow @ByJonathanNg on Twitter.
Walmart says for the fourth time during the pandemic it will be giving its 1.5 million U.S. part-time and full-time employees additional cash bonuses for their work.
State officials have agreed to grant $4.4 million in tax abatements. In exchange, Beyond Meat would build a 158,000-square-foot facility in Washoe County.
The COVID-19 pandemic was responsible for the Professional Rodeo Cowboys Association opting to move NFR to Dallas this year, but the 10-day rodeo will be back in 2021.
MGM Resorts has cashed in on $700 million as the pandemic continues to impede the national gaming and hospitality industries.
The Transportation Department issued a final rule Wednesday covering animals on airlines.
Small businesses in unincorporated Clark County may now apply for up to $30,000 in grant funding, officials announced.
The Greyhound station at the Plaza Hotel in downtown Las Vegas is set to be replaced after being located there for nearly 50 years.
“This is going to bounce back quickly,” said Beacon Economics founder Christopher Thornberg.
Tony Hsieh’s Downtown Project drew its fair share of critics, but nevertheless helped transform downtown Las Vegas into a destination.

3M to cut 2,900 jobs globally in restructuring

(Reuters) - 3M Co said on Thursday it would cut about 2,900 jobs globally and scale back on investments in slower-growing markets as part of a restructuring that is expected to lead to pre-tax savings of up to $350 million.


#news #A3mNews #3MNews

| 1933 views | | 2 replies (last December 8, 2020)
Post ID: @OP+18euyN9T
| Regarding 3M

Quality Steel investing nearly $14 million, adding jobs at Fremont plant

FREMONT - One of Sandusky County's top manufacturers plans to expand its facility and add new jobs as part of a $13.9 million investment. Quality Steel...


#news #TataSteelNews

Schenectady's longtime school business official takes leave ...

At the start of the school year, Lewis and Bochniak oversaw a major financial retrenchment as the district imposed hundreds of layoffs of teachers and support...


#news #SchenectadyNews #CityofSchenectadyNews