Layoffs - McGraw-Hill Introduction to Business

[VIDEO] A Breakdown of the $2 Trillion Stimulus Package

April 2, 2020

After a long debate, last week legislators finally approved and signed into law a $2 trillion stimulus package that provides much needed economic relief during this unprecedented health crisis. The video below looks at how the money will be allocated to companies and the logistics behind expanded unemployment benefits as well as a $1,200 stimulus payment to American adults.

Questions:

What sort of restrictions does the stimulus package place upon companies that accept government relief?
Do you think this Continue reading →

Layoffs, Coronavirus, Economics, Regulation, Ethics, Health, Human Resources, Labor Relations, Crisis management

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law, Videos

Coronavirus Closures Lead to Layoffs

March 12, 2020

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Yesterday, the World Health Organization officially classified coronavirus as a pandemic, causing the Dow Jones Industrial Average to plummet by nearly 1,500 points. This rapid decline in the market has reversed more than a decade of expansion for the U.S. economy while companies around the world suffer from border closures and shutdowns. As a result, employees in many struggling industries are facing layoffs as business as usual grinds to a halt.

For instance, the Port of Los Angeles has Continue reading →

Macy’s Will Close 125 Stores and Lay Off 2,000 Employees

February 6, 2020

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As the country’s largest department store chain, Macy’s has hundreds of locations nationwide and earned more than $25 billion in sales in 2018 alone. Still, the last few years have not been easy for the retailer as more consumers turn to e-commerce outlets like Amazon for their shopping needs. Meanwhile, discount retailers like TJ Maxx and fast-fashion brands like H&M are also winning over shoppers with wide selections and great deals. After struggling to keep up with all of this Continue reading →

Retail, Pricing, Operations Management, Product Distribution, Human Resources, Layoffs, E-commerce

Chapter 1: Taking Risks and Making Profits, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Disney Completes Merger with 21st Century Fox

March 22, 2019

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On Wednesday, the Walt Disney Company purchased all of the film and TV assets owned by the historic movie studio 21st Century Fox for $71.3 billion. Along with taking hold of successful film franchises like the Alien movies and Marvel’s X-Men, Disney also now controls the rights to TV shows like The Simpsons, This Is Us, and Modern Family. All told, the entertainment giant has gained thousands of new titles to join its other legendary properties such Continue reading →

Product Distribution, Movies, Layoffs, Mergers & Acquisitions, Entertainment, Streaming, Ethics, Television, Disney

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 5: Forms of Business Ownership, Chapter 12: Labor Management and Unions, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Ford Suspends Production of F-150 after Fire at Factory

May 10, 2018

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Modern factories depend on high-tech concepts such as automation and computer-aided manufacturing in order to operate as efficiently as possible. Despite these advancements, though, even the most state-of-the-art facilities can fall victim to unforeseen setbacks that halt production completely. At Ford, for instance, the automaker announced yesterday that it will temporarily stop making its popular F-150 trucks after a fire at a supplier’s factory damaged critical components.

The incident took place last week at a facility that serves as Ford’s Continue reading →

Manufacturing, Product Development, Transportation, Ford, Layoffs, Operations Management, Human Resources

Chapter 1: Taking Risks and Making Profits, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 14: Product and Price

China Prepares for Massive Layoffs

March 2, 2016

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For decades China’s industrial economy grew at a breakneck pace thanks to heavy investment from the state. This expansive age may be at an end, however. Over the last few years, demand for Chinese goods has dropped and its stock market has become increasingly unpredictable. Analysts say that China built up far too much manufacturing infrastructure that has now become an excessive drain on resources. As a result, last week the Chinese government announced the drastic measures it would take Continue reading →

Operations Management, Global, Ethics, Human Resources, Manufacturing, China, Labor Relations, Regulation, Layoffs

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 14: Product and Price, Chapter 15: Distribution