AT&T To Lay Off 600 At HBO and Warner Bros. After Revenue Decline

AT&T To Lay Off 600 At HBO and Warner Bros. After Revenue Decline (arstechnica.com) Posted by BeauHD on Monday August 10, 2020 @10:02PM from the downward-spiral dept. AT&T’s WarnerMedia division is planning to lay off hundreds of employees in AT&T’s latest cost-cutting move. Ars Technica reports: “Warner Bros. is expected to commence layoffs of around…

AT&T To Lay Off 600 At HBO and Warner Bros. After Revenue Decline (arstechnica.com)

Posted
by

BeauHD

on Monday August 10, 2020 @10:02PM

from the downward-spiral dept.

AT&T’s WarnerMedia division is planning to lay off hundreds of employees in AT&T’s latest cost-cutting move. Ars Technica reports: “Warner Bros. is expected to commence layoffs of around 650 people starting Monday, according to people familiar with the matter, while HBO is seen shedding bet
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UPDATE 1-NZ’s Fletcher Building warns of $129 mln loss for 2020, supply chain challenges – Reuters India

(Adds CEO comment, capex guidance and background of layoffs) Aug 11 (Reuters) – New Zealand’s Fletcher Building on Tuesday forecast its first annual net loss in two years and warned of persistent challenges across its supply chains in the year ahead due to disruptions caused by the coronavirus pandemic. The country’s largest construction firm expects…

(Adds CEO comment, capex guidance and background of layoffs) Aug 11 (Reuters) – New Zealand’s Fletcher Building on Tuesday forecast its first annual net loss in two years and warned of persistent challenges across its supply chains in the year ahead due to disruptions caused by the coronavirus pandemic. The country’s largest construction firm expects a net loss of NZ$196 million ($129 million) for the year ended 30 June, compared with a profit of NZ$164 million last year. “Through th
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Senate cafeteria workers reportedly face layoffs if Congressional stalemate continues

Up to 80 people who are part of the Senate cafeteria staff in the capitol could face layoffs by October if Congress can’t emerge from its coronavirus relief deadlock, CNN reports.The company that employs the workers, Restaurant Associates, did not confirm the number, but did not deny issuing warnings of potential layoffs, which are the…

Up to 80 people who are part of the Senate cafeteria staff in the capitol could face layoffs by October if Congress can’t emerge from its coronavirus relief deadlock, CNN reports.The company that employs the workers, Restaurant Associates, did not confirm the number, but did not deny issuing warnings of potential layoffs, which are the result of having to close some of its restaurants because of the pandemic.Senators told CNN they believe they will pass a bill that will fund th
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BLS: Job Openings increased to 5.9 Million in June

From the BLS: Job Openings and Labor Turnover Summary The number of job openings increased to 5.9 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Hires decreased to 6.7 million in June, but was still the second highest level in the series history. The largest monthly increase…

From the BLS: Job Openings and Labor Turnover Summary
The number of job openings increased to 5.9 million on the last business day of June, the U.S. Bureau of
Labor Statistics reported today. Hires decreased to 6.7 million in June, but was still the second highest
level in the series history. The largest monthly increase in hires occurred in May 2020. Total separations
increased to 4.8 million. Within separations, the quits rate rose to 1.9 percent while the layoffs and
discharges rate was unchanged at 1.4 percent. These changes in the labor market reflected a limited
resumption of economic activity that had been curtailed in M
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Steer Clear of Short-Term Health Insurance

Image: PRPicturesProduction (Shutterstock)As the coronavirus outbreak continues, some companies are predicting higher health insurance premiums for 2021. Whether you have recently lost your job—or you’re already thinking about fall open enrollment—there are some types of insurance to stay away from. Short-term health insurance may seem less pricey upfront, but these plans could cost you in…

Image: PRPicturesProduction (Shutterstock)As the coronavirus outbreak continues, some companies are predicting higher health insurance premiums for 2021. Whether you have recently lost your job—or you’re already thinking about fall open enrollment—there are some types of insurance to stay away from. Short-term health insurance may seem less pricey upfront, but these plans could cost you in the future. Here’s why.What is short-term health insurance?Short-term, limited-duration insurance (STLDI)—which has been around for decades—was created to fill gaps in health insurance for folks like job changers and students. The Obama administration cracked down on STLDI by limiting policies to less than three months, but new rules have extended the plans to one year with the option to renew for three years.The National Association of Insurance Commissioners says these plans may seem like regular health insuran
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UPDATE 2-Turkish ban on layoffs keeps lid on jobless but labour participation languishes – Reuters

(Adds graphics, analyst comment) ISTANBUL, Aug 10 (Reuters) – Turkey’s labour participation rate languished at 47.6% in the April-June period as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate edge up just slightly to 12.9%, data showed on Monday. The impact of the economy hitting a near stand-still was also…

(Adds graphics, analyst comment) ISTANBUL, Aug 10 (Reuters) – Turkey’s labour participation rate languished at 47.6% in the April-June period as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate edge up just slightly to 12.9%, data showed on Monday. The impact of the economy hitting a near stand-still was also evident in employment, which dropped 2.4 million year-on-year in the period to 25.9 million. Labour force participation fell from 52.9% a year ago but rose from 47.2% a month earlier. The unemployment rate was 12.8% both a month earlier and in April-June 2019. The non-agricultural unemployment rate rose to 15.2% from 15.0% a year earlier, according to the Turkish Statistical Institute (TUIK). In April, the government imposed a three-mont
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Wall Street bonuses likely to tumble, job cuts to start in late 2020 -report – Reuters

A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas JacksonNEW YORK (Reuters) – Most Wall Street workers can expect to see their bonuses slashed this year…

A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas JacksonNEW YORK (Reuters) – Most Wall Street workers can expect to see their bonuses slashed this year and some jobs may be cut, according to a report published Monday by compensation consulting firm Johnson Associates Inc. Banks are struggling to curb rising costs as shutdowns caused by the pandemic have put millions out of work, and forced banks to add billions to reserves in case consumers or business customers default on loans. These costs are likely to hurt employee incentives,
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WarnerMedia shakes itself up to focus on HBO Max

In an interview with Variety, Kilar said Forsell will be heading the service’s efforts to go global. Johannes Larcher, the newly appointed Head of HBO Max International, will help make it happen: “It’s very important in our future that we go global, that we not only go direct-to-consumer, but we also go global… There’s a…

In an interview with Variety, Kilar said Forsell will be heading the service’s efforts to go global. Johannes Larcher, the newly appointed Head of HBO Max International, will help make it happen: “It’s very important in our future that we go global, that we not only go direct-to-consumer, but we also go global… There’s a fantastic executive named Johannes Larcher who actually has taken both Hulu and other over-the-top services to international locales. And Johannes will be reporting to Andy in that role.” As a result of the restructuring, WarnerMedia Entertainment Chairman Bob Greenblatt, HBO Max chief content officer Kevin Reilly, and marketing and communications EVP Keith Cocozza are leavi
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Italy seeks 28.5 billion euros in EU’s SURE unemployment aid – Reuters UK

FILE PHOTO: Italian Economy Minister Roberto Gualtieri pictured at a ceremony in Rome, Italy September 5, 2019. REUTERS/Ciro de LucaMILAN (Reuters) – Italy has asked the European Union to tap its SURE unemployment scheme for 28.5 billion euros ($33.6 billion) after extending furlough support to help the economy withstand the hit from the COVID-19 crisis.…

FILE PHOTO: Italian Economy Minister Roberto Gualtieri pictured at a ceremony in Rome, Italy September 5, 2019. REUTERS/Ciro de LucaMILAN (Reuters) – Italy has asked the European Union to tap its SURE unemployment scheme for 28.5 billion euros ($33.6 billion) after extending furlough support to help the economy withstand the hit from the COVID-19 crisis. The Italian government on Friday approved a new stimulus package worth 25 billion euros, setting aside roughly half of that sum to support employment. Italy extended temporary la
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