Tag #Economic Downturn

Showing 133 to 144 of 171 results

forbes.com
🌐 85% Global Worthiness
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Layoffs and Return-to-Office Mandates Shake the US Job Market

In early 2025, BP, Meta, and Bridgewater announced workforce reductions of 5-7%, coinciding with President Trump's executive order mandating a return-to-office policy for 1.1 million federal employees, potentially leading to further job losses, driven by economic concerns, AI automation, and cost-cu...

Progress

48% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 65% Global Worthiness
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Galeries Lafayette to Close Marseille Stores Amidst Financial Losses

Galeries Lafayette will close its two Marseille stores by the end of 2024 due to consistent annual losses of €10 million, despite a 4% overall revenue increase for the group in 2024, impacting 145 employees and highlighting challenges in adapting to evolving urban retail landscapes.

Progress

44% Bias Score

Decent Work and Economic Growth
tr.euronews.com
🌐 85% Global Worthiness
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Meta Announces Layoffs of Approximately 3,600 Employees

Meta, employing 72,404 people globally, announced layoffs affecting approximately 3,600 employees (5%) due to underperformance following a challenging year of increased competition in AI and heavy data center investments. Performance-based terminations include "generous severance packages.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Florida Housing Market Slowdown: High Interest Rates and Hurricanes Stall Sales

Florida's housing market is slowing significantly, with homes remaining on the market far longer than usual in December 2024 due to high interest rates and three major hurricanes that caused widespread damage and increased insurance costs.

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44% Bias Score

Sustainable Cities and Communities
cnbc.com
🌐 75% Global Worthiness
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Constellation Brands Misses Q3 Expectations, Stock Plunges 16%

Constellation Brands' Q3 fiscal 2025 results revealed net sales of $2.46 billion (below the projected $2.53 billion) and adjusted EPS of $3.25 (short of the expected $3.31), causing a 16% intraday stock price drop and a price target reduction to $240. Weakness in both its wine and spirits and beer s...

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56% Bias Score

Responsible Consumption and Production
theglobeandmail.com
🌐 75% Global Worthiness
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Comark and Frank and Oak Seek Creditor Protection Amidst Retail Challenges

Two Canadian clothing retailers, Comark Holdings Inc. (Ricki's, cleo, Bootlegger) and Frank and Oak, filed for creditor protection in late 2024, citing decreased consumer spending, online competition, and supply chain issues; Comark will close Ricki's and cleo, impacting over 1,000 employees, while ...

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36% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 65% Global Worthiness
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Görtz Files for Insolvency Again

Görtz, a Hamburg-based shoe retailer founded in 1875, has filed for insolvency for the second time this year, after a previous restructuring in July 2023 that aimed to save 650 jobs, leaving the future of its remaining 30 stores uncertain.

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40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Star Entertainment Faces Material Uncertainty Amidst \$8 Million Loss

Star Entertainment reported a 15% revenue drop and an \$8 million EBITDA loss in the December quarter, leaving it with only \$78 million in cash and facing "material uncertainty" over its continued operation due to financial challenges and regulatory issues.

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40% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 75% Global Worthiness
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Brown-Forman Cuts Workforce, Closes Cooperage Amidst Industry Headwinds

Brown-Forman Corp. announced a 12% global workforce reduction and the closure of its Louisville cooperage by April 25, impacting 210 employees, due to economic challenges, shifting consumer trends, and potential renewed tariffs; the company projects $70-$80 million in annual cost savings.

Progress

36% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 65% Global Worthiness
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Southwest Airlines Pauses Hiring, Cuts Costs to Boost Profits

Southwest Airlines is pausing corporate hiring and promotions, suspending most summer internships, and canceling employee team-building events to cut costs and improve margins, following pressure from activist investor Elliott Investment Management.

Progress

36% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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DIW Predicts 2026 Turnaround for German Construction Industry Amidst Housing Crisis

The German Institute for Economic Research (DIW) forecasts a 2% inflation-adjusted growth in construction volume for 2026 following five years of decline, but the housing shortage remains critical, with new construction projected to be 25% below 2021 levels.

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52% Bias Score

Sustainable Cities and Communities
dw.com
🌐 85% Global Worthiness
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German Automakers Face Crisis Amidst Market Shift to Electric Vehicles

Facing falling stock prices and stricter EU emission standards, German automakers like Volkswagen, Mercedes, BMW, and Audi are implementing cost-cutting measures, including potential job losses, to compete with China's affordable electric vehicles and adapt to evolving consumer preferences.

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 133 to 144 of 171 results