layoffs

Victoria’s Secret owner L Brands plans to slash about 850 corporate jobs as the lingerie chain grapples with a downturn in sales. The Ohio-based company announced the layoffs — which amount to roughly 15 percent of its corporate workforce — on Tuesday under a plan to cut about $400 million in annual costs as it …

Glitzy Hollywood talent agency, CAA, which reps the likes of Brad Pitt, Reese Witherspoon and Meryl Streep, announced a significant round of layoffs and furloughs on Tuesday. The Los Angeles-based firm said it plans to layoff approximately 90 agents and executives this week and to furlough roughly 275 assistants and other staff. A CAA spokeswoman …

Hedge fund billionaire Ray Dalio fired off a bunch of tweets promoting his bestselling book on Friday — minutes after it was reported that his hedge fund axed staff amid steep losses. Dalio’s Bridgewater Associates, located in  Westport, Conn., handed out pink slips to dozens of employees on Friday, according to the Wall Street Journal, …

MLB and the players’ union have agreed to expand the playoffs for the modified 2020 season, The Post’s Joel Sherman confirmed Thursday. The agreement expands the postseason field to 16 teams and pertain to just the 2020 playoffs. Players will receive $50 million in exchange for the expanded playoff format. There’s a possibility there will …

Passengers wishing to board a United Airlines flight will have to wear face masks at ticket counters and in its airport lounges, or risk a flight ban, the carrier said Wednesday. United and all other major US carriers require passengers to wear masks during flights. United said that it is broadening mask requirements for passengers …

Nike said Wednesday it’s cutting jobs and shuffling its executive ranks as the sports-apparel giant shifts more of its focus to digital sales versus brick-and-mortar retail outlets, which have taken a beating amid the coronavirus pandemic. Nike didn’t specify how many of its 76,700 employees worldwide will get the ax, but disclosed on its website …

LinkedIn plans to cut about 960 jobs as the coronavirus pandemic delivers a blow to its corporate recruiting business. The cuts, which represent about 6 percent of the Microsoft-owned networking platform’s workforce, will be concentrated in its sales and hiring divisions, CEO Ryan Roslansky told employees late Monday. Roslansky cast the cuts as difficult but …

The axe is about to fall at media giant NBCUniversal to offset losses brought on by the coronavirus pandemic, The Post has learned. The New York-based broadcaster, home to “This Is Us” and “The Tonight Show Starring Jimmy Fallon,” is preparing broad-based layoffs that will hit its network employees especially hard, sources said. The scale …

For baseball players not in the postseason, October is dark. Maybe you get surgery if you need it. Otherwise, you lay low, recover from the grind and enjoy the tranquility. Which made the Yankees October 2004 phone call to Steve Sparks, an active player entering free agency, all the more unusual. How Sparks reacted to …

A third of the world’s small businesses slashed jobs as the coronavirus ate into their sales and forced many to shut down, a new survey shows. The figures released Tuesday detail a bleak landscape for small merchants around the globe as they grapple with COVID-19 and the massive economic crisis it has caused. Some 33 …