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Factbox: Tech firms leading job cuts in Corporate America
  + stars: | 2023-01-04 | by ( ) www.reuters.com   time to read: +9 min
Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.
On his new TV show, celebrated chef José Andrés goes into a restaurant kitchen in Spain and confronts a massive moray eel. “Nothing can be more simple and more sophisticated at the same time.”That eel is just one delicious moment in Discovery+’s “José Andrés and Family in Spain,” which follows the chef, restaurateur and humanitarian on a food tour through his homeland with his three American-raised daughters, Carlota, Inés and Lucia Andrés. The elder Andrés — who has drawn attention to Spanish food and helped put a spotlight on humanitarian disasters with his World Central Kitchen — can hardily contain himself. “Happiness happens when you mix different people and different colors and different places all in one plate,” José Andrés says onscreen. “Spain is the excuse,” says José Andrés.
The IWF , its growth counterpart, has dropped 28% in that time, while the S & P 500 has fallen nearly 20%. This would mark the first time since 2016 that the IWD outpaces both the S & P 500 and IWF since 2016. The stock is trading at a slight discount relative to the S & P 500 and has buy ratings from three-quarters of analysts covering it. Mattel also made the list, with a price-to-earnings ratio of 10 and buy ratings from 73% of analysts. The stock is one the best performers in the S & P 500 for 2022, gaining more than 70% as investors have piled into the energy sector this year.
More than two years before a Walmart supervisor shot and killed six workers, Walmart Inc. executives investigated employee workplace complaints against him, according to former and current employees. Last month, Andre Bing killed six co-workers and left four others injured before fatally shooting himself at the Chesapeake, Va., store where he worked, police say. The 31-year-old had worked at Walmart since 2010 and was the overnight shift manager. A number of the victims were shot in the store’s break room.
Walmart executives investigated manager Andre Bing 2 years before he carried out a mass shooting, according to WSJ. Walmart is facing 2 lawsuits from Chesapeake, Virginia, employees who allege that management had been warned about Bing. Walmart employees told Insider that the company's active shooter training was inadequate and outdated. Walmart is facing two lawsuits from Chesapeake employees who allege that management had been warned about Bing's problematic behavior before the mass shooting. In response to the lawsuits, Walmart released a statement that read, in part, "We are focused on supporting all our associates with significant resources, including counseling.
Dec 6 (Reuters) - U.S. shale producer Continental Resources will name operating chief Doug Lawler as its new chief executive officer, according to a person familiar with the matter on Tuesday. Lawler was CEO at shale gas producer Chesapeake Energy (CHK.O) before joining Continental in February. Headquartered in Oklahoma City, Continental is one of the largest U.S. oil and gas shale drillers with a focus on North Dakota's Bakken shale. Lawler ran Chesapeake Energy for eight years, including through a bankruptcy process that it completed in 2021. He has been credited with whittling away at Chesapeake's $13 billion in debt and an ill-timed bet on shale oil just ahead of a oil price crash.
The tech industry accounts for about one-quarter of this year's job cuts, Challenger data show. The automotive industry has had 30,669 job cuts announced, compared with 10,277 through November 2021. And real estate has had 7,919 cuts announced this year, compared with 2,762 in 2021 year-to-date. "We've seen a lot of job cuts around mortgage origination and fintech firms in mortgages. U.S.-based employers announced 76,835 cuts in November alone, more than double the 33,843 cuts announced in October and four-times the number of cuts announced last November, Challenger data show.
Walmart's active-shooter training has been around in some form for at least a decade, employees say. Some workers say Walmart needs to do more on top of the training to address workers' mental health. Three current and former employees of the retail giant told Insider the active-shooter training wasn't enough to keep them safe. Walmart employees told Insider they're worried about whether the quarterly active-shooter training had prepared them for violence in stores. The lawsuit also said the shooter "repeatedly asked coworkers if they had received their active shooter training."
[1/2] A memorial is seen in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. A system meant to help workers get compensated for workplace injuries could make it difficult for the lawsuit to succeed. But while many of those shootings occur in the workplace, employers are rarely held responsible. That is in part because nearly all U.S. states, including Virginia, require employers to buy workers compensation insurance to pay workers for medical expenses and lost wages stemming from workplace injuries. Workers' compensation is "a tough defense to overcome," said Jeffrey Harris, a Georgia-based plaintiffs' attorney who has handled numerous workplace injury cases.
WASHINGTON, Nov 30 (Reuters) - The threat environment in the United States will remain heightened in coming months, with lone offenders and groups motivated by a range of ideologies posing a danger, the U.S. Department of Homeland Security (DHS) said on Wednesday. Wednesday's bulletin, called the "National Terrorism Advisory System (NTAS) Bulletin", was issued to provide the public with information about the threat landscape facing country and how to stay safe. "Our homeland continues to face a heightened threat environment - as we have seen, tragically, in recent acts of targeted violence - and is driven by violent extremists seeking to further a political or social goal or act on a grievance," Homeland Security Secretary Alejandro Mayorkas said. It was the seventh such advisory issued by DHS since January 2021, when officials turned fresh attention to domestic threats after supporters of then-President Donald Trump had attacked the U.S. Capitol. Reporting by Kanishka Singh; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
She ran from the room as bullets whizzed by her head, "barely missing her," says a lawsuit filed Tuesday in Chesapeake Circuit Court. In the complaint, she said Bing had "bizarrely and inappropriately commented" on her age by asking: "Isn’t your lady clock ticking? The lawsuit says she also complained to the store that he had allegedly "harassed her for being poor and being short." "The entire Walmart family is heartbroken by the loss of the valued members of our team," the company said Tuesday. The lawsuit details other incidents involving Bing, including one where he allegedly asked Prioleau if she liked guns.
[1/2] Police walk through the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. REUTERS/Jay Paul/File PhotoCompanies Walmart Inc FollowNov 29 (Reuters) - An employee at the Walmart in Chesapeake, Virginia, where a supervisor fatally shot six people last week, filed a lawsuit on Tuesday against the company, claiming she and others had warned management about the shooter’s behavior and that nothing was done. A Walmart spokesperson said the company is reviewing the complaint and will respond in court. Prior to the shooting, Prioleau said Bing had asked her if she liked guns, and asked coworkers if they received their active shooter training. Walmart continued to employ Bing, despite complaints from Prioleau and others, the lawsuit claims.
Rep. Donald McEachin, a Virginia Democrat recently elected to a fourth term in Congress, died Monday after nearly a decade with cancer. McEachin was diagnosed with colorectal cancer in 2013, his chief of staff, Tara Rountree, said in a statement Monday. “We are all devastated at the passing of our boss and friend, Congressman Donald McEachin,” Rountree said. “Valiantly, for years now, we have watched him fight and triumph over the secondary effects of his colorectal cancer from 2013. McEachin also earned a master of divinity degree from Virginia Union University, in 2008.
Virginia Walmart mass shooting survivor files $50 million lawsuit
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: +6 min
"Bullets whizzed by Plaintiff Donya Prioleau's face and left side, barely missing her," the lawsuit states. The lawsuit alleges that Bing "had a personal vendetta against several Walmart employees and kept a 'kill list' of potential targets prior to the shooting." The lawsuit states that she also informed Walmart that Bing called her a "bitch" under his breath. Before the shooting, Bing told co-workers that "the government was watching him," the suit says. Jessica Wilczewski, a Walmart employee who witnessed the shooting, told The Associated Press last week that Bing seemed to target certain people.
The youngest victim in the mass shooting that killed six at a Walmart Supercenter in Chesapeake, Virginia, was identified by officials Friday as 16-year-old Fernando Chavez-Barron. City officials previously withheld identifying the 16-year-old, who was an employee at the Virginia Walmart, "due to him being a minor." Authorities say Bing killed at least six people and injured at least six others before taking his own life in the Tuesday night shooting. Shaundrayia Reese, 27, who worked on the overnight stock team with Bing from 2014 to 2018 described Bing as "just weird." It was the deadliest store shooting since May when a white gunman shot 10 Black people dead in a racist shooting at a grocery store in Buffalo, New York, according to an NBC News tally.
The prime suspect in the mass shooting that left six people dead at a Walmart Supercenter in Chesapeake, Virginia, left a “death note” addressed to God on his phone, police said Friday. Bing, a longtime Walmart employee, opened fire at the store on Tuesday, killing six people and injuring several others before dying of a self-inflicted wound. He was found dead in a break room with two other fatalities, the city of Chesapeake tweeted Wednesday. Asked by the Associated Press to comment on Bing’s note, Walmart said in a statement: “There is nothing that can justify taking innocent lives. “Today we are focused only of those hurt by Tuesday’s tragic event, but the police investigation continues,” the city said.
Two of the victims injured in the mass shooting at a Walmart Supercenter in Chesapeake, Virginia, that left six people dead remained in hospital over Thanksgiving, with one in critical condition, officials said. "On this Thanksgiving, we are extra thankful for our community and we are thinking of every victim of the Walmart shooting and their family members," the City of Chesapeake said in a tweet Thursday, Thanksgiving Day. "There are still two people injured in the hospital, one in critical condition and the other in fair/improving condition," the city said. A memorial placed outside Walmart in Chesapeake, Va., on Nov. 23, 2022. Nathan Howard / Getty ImagesIn a statement Wednesday, Walmart said Bing had been an overnight team leader who had been with the company since 2010.
The suspected shooter who killed six employees at a Walmart in Chesapeake, Va., on Tuesday bought the gun legally that morning and left behind a note alleging he was harassed and ridiculed by co-workers, according to police. The suspect, 31-year-old Andre Bing, opened fire late Tuesday night at the store, less than an hour before it was set to close, police said. He used a 9mm handgun he bought at a local store and was carrying several ammunition magazines, they said. He then fatally shot himself and was dead by the time authorities arrived.
The suspected shooter who killed six employees at a Walmart in Chesapeake, Va., on Tuesday bought the gun legally that morning and left behind a note alleging he was harassed and ridiculed by co-workers, according to police. The suspect, 31-year-old Andre Bing , opened fire late Tuesday night at the store, less than an hour before it was set to close, police said. He used a 9mm handgun he bought at a local store and was carrying several ammunition magazines, they said. He then fatally shot himself and was dead by the time authorities arrived.
The gunman who opened fire at a Chesapeake, Virginia, Walmart legally purchased the weapon he used. Authorities say the gunman bought his 9-millimeter handgun at a local store just hours before the shooting. The shooter, a Walmart store supervisor, killed six of his coworkers and injured others. Police identified the shooter as 31-year-old Andre Bing, who was employed as an overnight supervisor at the Walmart store. Authorities said Bing opened fire in the break room inside the store just after 10 pm, killing six of his coworkers.
Nov 25 (Reuters) - A Walmart supervisor who killed six co-workers before turning the gun on himself this week left a rambling note on his cellphone in which he railed against other employees at the Chesapeake, Virginia, store who he felt had mocked and betrayed him. "The gun was legally purchased from a local store on the morning of Tuesday Nov. 22. In his note, Bing made reference to an unspecified work failure on his part and perceived slights from co-workers, who he felt were mocking him. Asked to comment on Bing's note, Walmart said in a statement: "There is nothing that can justify taking innocent lives. The Chesapeake shooting came on the heels of last weekend's massacre in Colorado Springs, Colorado, where a gunman killed five at an LGBTQ nightclub.
CHESAPEAKE, Va.—Families, friends and fellow workers on Thanksgiving Day were mourning the death of six employees allegedly killed at a Walmart by a night supervisor, the second major mass shooting in America in less than seven days. Police identified five of the dead victims as Lorenzo Gamble, Brian Pendleton, Kellie Pyle, Randall Blevins and Tyneka Johnson. The name of a 16-year-old male victim wasn’t released because he was a minor. All six were Walmart associates, a company spokesman said.
Nov 23 (Reuters) - Authorities on Wednesday identified the people killed in a mass shooting at a Walmart (WMT.N) store in Chesapeake, Virginia, ranging in age from a 16-year-old boy to a 70-year-old man. The youngest victim was a 16-year-old Chesapeake boy, whose name was not revealed because he was a minor. Blevins' cousin wrote on Facebook that he had worked at Walmart for many years and was planning his retirement in the next year. Pyle had updated her Facebook status on Nov. 1 to say she was in a relationship with Brian Baker. The gunman was identified as Andre Bing, 31, of Chesapeake, Virginia.
[1/5] A girl watches while people take pictures during the 96th Macy's Thanksgiving Day Parade in Manhattan, New York City, U.S., November 24, 2022. REUTERS/Andrew KellyNov 24 (Reuters) - The United States marked the Thanksgiving holiday on Thursday with traditional feasts, parades and American football, taking a moment to celebrate in a week shadowed by gun violence. Among Native Americans, Thanksgiving is a day of dark reflection on the genocide that followed. Midnight after Thanksgiving also marks the unofficial start of the Christmas shopping season, offering a snapshot of the state of the U.S. economy. Televised American football serves as the backdrop to turkey dinners with mounds of side dishes and desserts.
Copeland, who uses they/them pronouns, said their store manager held a team meeting this morning to talk about the Chesapeake store shooting. Share this -Link copiedInvestigators search Walmart gunman's house Investigators on Wednesday scoured the home of the Walmart employee who opened fire at the Chesapeake store where he worked. "We can and must do more to reduce gun violence in America," he tweeted, linking to a news article about the shooting at a Walmart store in Chesapeake. Warner, Kaine of Virginia condemn the violence Virginia's two Democratic senators — Mark Warner and Tim Kaine — decried the mass shooting at the Walmart store in Chesapeake. "The Walmart shooting in Chesapeake is horrific.
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