business / news / / The Economic Times
Businesses are responding to economic pressures and automation.
Lucid Group is laying off up to 500 employees in California, marking one of the largest cuts.
KEY POINTS
- Vimeo plans to cut between 101 and 250 jobs in New York this week.
- Albertsons is preparing to eliminate up to 200 jobs in Texas due to store closures.
- Layoff figures in official unemployment data may be delayed by severance periods and staggered cuts.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →