Thyssenkrupp Steel to Cut 11,000 Jobs, Close Kreuztal Plant
Thyssenkrupp Steel, Germany's largest steel producer, announced plans to cut 11,000 jobs, close its Kreuztal plant, and reduce Duisburg production capacity due to cheaper Asian imports, declining automotive demand, and insufficient past investment, severely impacting the Ruhr region.
Thyssenkrupp Steel to Cut 11,000 Jobs, Close Kreuztal Plant
Thyssenkrupp Steel, Germany's largest steel producer, announced plans to cut 11,000 jobs, close its Kreuztal plant, and reduce Duisburg production capacity due to cheaper Asian imports, declining automotive demand, and insufficient past investment, severely impacting the Ruhr region.
Progress
32% Bias Score
U.S. Job Market Stagnant: Low Hiring, Low Layoffs Create Challenges for Job Seekers
The U.S. job market is currently stagnant, with low hiring and low layoffs despite near-record-low unemployment (4.2% in November). This follows a period of high employee turnover, and job seekers now face increased competition.
U.S. Job Market Stagnant: Low Hiring, Low Layoffs Create Challenges for Job Seekers
The U.S. job market is currently stagnant, with low hiring and low layoffs despite near-record-low unemployment (4.2% in November). This follows a period of high employee turnover, and job seekers now face increased competition.
Progress
40% Bias Score
ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis
Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.
ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis
Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.
Progress
44% Bias Score
Intel Stock Plunges After CEO Ouster Amid Financial Struggles
Intel shares dropped over 5% after CEO Pat Gelsinger was ousted, marking the stock's worst day since early September and a more than 50% decline year-to-date, amid declining revenue, market share losses to competitors like Nvidia, and billions in quarterly foundry losses.
Intel Stock Plunges After CEO Ouster Amid Financial Struggles
Intel shares dropped over 5% after CEO Pat Gelsinger was ousted, marking the stock's worst day since early September and a more than 50% decline year-to-date, amid declining revenue, market share losses to competitors like Nvidia, and billions in quarterly foundry losses.
Progress
48% Bias Score
Indonesia to Form Task Force Amid 64,288 Layoffs
Facing 64,288 layoffs in 2024, Indonesia's government will form a task force to study the issue, focusing on affected industries like manufacturing, services, and retail; Jakarta, Central Java, and Banten are hardest hit.
Indonesia to Form Task Force Amid 64,288 Layoffs
Facing 64,288 layoffs in 2024, Indonesia's government will form a task force to study the issue, focusing on affected industries like manufacturing, services, and retail; Jakarta, Central Java, and Banten are hardest hit.
Progress
28% Bias Score
AP Announces 8% Workforce Reduction
The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.
AP Announces 8% Workforce Reduction
The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.
Progress
24% Bias Score
CEO Murder Spurs Surge in Corporate Security Spending
The killing of UnitedHealthcare CEO Brian Thompson in New York City has prompted a sharp increase in security spending among S&P 500 companies, with median spending doubling to nearly $100,000 from 2021 to 2023, as threats against healthcare executives have risen.
CEO Murder Spurs Surge in Corporate Security Spending
The killing of UnitedHealthcare CEO Brian Thompson in New York City has prompted a sharp increase in security spending among S&P 500 companies, with median spending doubling to nearly $100,000 from 2021 to 2023, as threats against healthcare executives have risen.
Progress
36% Bias Score
Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks
Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.
Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks
Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.
Progress
60% Bias Score
Cargill Announces 5% Global Layoff Amidst Strategic Restructuring
Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.
Cargill Announces 5% Global Layoff Amidst Strategic Restructuring
Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.
Progress
36% Bias Score
Goop Announces Further Layoffs Amidst Strategic Restructuring
Gwyneth Paltrow's Goop, a lifestyle brand, announced another round of layoffs, affecting 6% of its workforce, following an 18% reduction in September. Despite the cuts, Goop reports revenue growth in 2023 and 2024 in beauty (21%) and fashion (45%), indicating a strategic shift toward core sectors.
Goop Announces Further Layoffs Amidst Strategic Restructuring
Gwyneth Paltrow's Goop, a lifestyle brand, announced another round of layoffs, affecting 6% of its workforce, following an 18% reduction in September. Despite the cuts, Goop reports revenue growth in 2023 and 2024 in beauty (21%) and fashion (45%), indicating a strategic shift toward core sectors.
Progress
56% Bias Score
Boeing to Slash 17,000 Jobs Amidst Crisis
Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.
Boeing to Slash 17,000 Jobs Amidst Crisis
Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.
Progress
24% Bias Score
DNC Layoffs Spark Union Accusations of Betrayal
The union representing workers at the DNC accuses the party of a "callous" betrayal after layoffs without severance, sparking a dispute over labor practices and highlighting the impact on affected workers.
DNC Layoffs Spark Union Accusations of Betrayal
The union representing workers at the DNC accuses the party of a "callous" betrayal after layoffs without severance, sparking a dispute over labor practices and highlighting the impact on affected workers.
Progress
44% Bias Score