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Layoffs Announced: Dow Chemicals, Target, GM, Style, Tufts University, And HP Make The News – Maybe McDonald’s, Too

By Paula Mooney
Published on: 05:59 PST, May 4, 2015

The term “layoffs” is a popular one being buzzed about on Monday, May 4, mostly because a new Carly Fiorina website shows 30,000 layoffs that occurred at HP when the 2016 presidential hopeful was CEO, a move that teaches political hopefuls everywhere to register all versions of their name before announcing their run for the White House, as reported by the Inquisitr.

Another huge announcement about layoffs came when news hit social media about Dow Chemical announcing a significant amount of planned layoffs, as reported by Business Insider. Dow will layoff anywhere from 1,500 to 1,750 jobs to raise its profits, despite enjoying $58 billion in revenue in 2014.

Another interesting response to approximately 35 janitors being laid off at Tufts University includes Tufts students going on a hunger strike to protest the planned layoffs that were set to occur at the end of May, reports My Fox Boston.

General Motors also announced a significant number of layoffs, with the General Motors Canada division saying it will lay off 1,000 people due to Camaro’s relocation to Lansing, reports WILX-TV, which details how the Oshawa manufacturing location will lose workers.

Even Style has suffered a couple of layoffs as it is being folded into Vogue, reports WWD, with Conde? Nast focusing on a new e-commerce site.

Recent layoffs at Target included 100 administrative assistants, reports TwinCities-Pioneer Press, noting that those 100 layoffs were added onto the 3,600 corporate jobs that Target already enforced in the Twin Cities in 2015 thus far.

Although McDonald’s CEO plans to trim $300 million in yearly expenses, reports the Wall Street Journal, and talked about getting rid of red tape and speeding up the franchising process, Steve Easterbrook didn’t use the word “layoffs” specifically.

“Layers of bureaucracy will be stripped away to allow more nimble decision making and action. Progress will be bumpy and uneven. But the U.S. is now on the right path.”

[Image via Twitter]

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