Facebook is instructing its engineering managers to identify and weed out their lowest performing employees as the company seeks to rein in costs amid an economic downturn in the long-booming tech industry.
Indiana ‘missed big’ by not adopting work share, report says
Researchers who have studied work-share programs—which have been implemented in 28 states—say thousands of Indiana workers have been unnecessarily laid off.Read More
Indianapolis Star parent Gannett offering another round of buyouts
Unlike previous Gannett buyouts, which required workers to meet certain criteria for age and years of service, the latest buyout is available to nearly all full-time Gannett workers.Read More
Elanco to cut 900 jobs in 40 countries following Bayer acquisition
The layoff is the first step in what is expected to be a major restructuring following Greenfield-based Elanco’s $6.9 billion acquisition of German conglomerate Bayer AG’s animal-health division.Read More
Tech has hit a well-publicized slump, and within the last few months, layoffs have hit big companies like Netflix and Coinbase as well as smaller firms like Zionsville-based 120Water, Indianapolis-based Casted, and Terminus, which is based in Atlanta but has an employee base and its CEO in Indianapolis.
The Terre Haute plant was the first manufacturer of compact discs in the U.S., beginning production in September 1984 with Bruce Springsteen’s “Born in the U.S.A” album.
Kaufmann Engineering cited ongoing supply chain and labor disruption issues brought on by the COVID-19 pandemic as the reasons for its decision.
Marion County Jail II manager CoreCivic is not eligible to operate at the new Criminal Justice Center because the Indianapolis City-County Council passed an ordinance in 2018 to prohibit private jail managers at the center.
Former JW Marriott employee Lisette Woloszyk watched things go from bad to worse in March, as cancellations for the city’s hotels racked up alongside COVID-19 cases.
Mitsubishi Heavy Industries Climate Control Inc., which has operated in Franklin since the 1990s, will cease production next month. Mitsubishi has a turbocharger business in the same facility that will continue to operate.
The latest layoffs have been heavily concentrated in the industries that have suffered most because they involve face-to-face contact: Restaurants, bars and hotels, theaters, sports arenas and concert halls.
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.
The engine-maker says it will close three Columbus manufacturing sites and one in Seymour until May 4. The news comes a day after the company announced that it would temporarily reduce the salaries of its U.S. employees by 10% to 25%.
Allison said it’s suspending some of its local production lines because the coronavirus outbreak has disrupted supply chains and weakened customer demand.
State and federal authorities have expanded the eligibility for unemployment benefits significantly, meaning if you’re out of work and didn’t qualify under the old rules, you likely will now.
BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.