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		<title>Walmart is laying off corporate employees</title>
		<link>https://cincylink.com/2023/07/06/walmart-is-laying-off-corporate-employees/</link>
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		<pubDate>Thu, 06 Jul 2023 23:21:11 +0000</pubDate>
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					<description><![CDATA[Walmart is laying off corporate employees Updated: 11:49 PM EDT Aug 3, 2022 Hide Transcript Show Transcript one of the big topics today in the market is without *** doubt walmart and its guidance cut, that it announced last night. It's simply reverberating through retail land. Now, remember When we cut Walmart back in early &#8230;]]></description>
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					Updated: 11:49 PM EDT Aug 3, 2022
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											one of the big topics today in the market is without *** doubt walmart and its guidance cut, that it announced last night. It's simply reverberating through retail land. Now, remember When we cut Walmart back in early June, we were concerned about what we call the bloated excess inventories, that it had candidly *** record level of inventory for the company over the last 20 years, and what the implications could be for its margins. And that's exactly what was confirmed last night with the guidance cut out of Walmart, Walmart also said though too, that it's seeing consumers kind of shift their space around really focusing on necessities and food, not discretionary items. Again, another confirming data point for us and why we continue to like Costco, remember Costco doesn't have *** lot of apparel compared to, say walmart, that's really focused on more necessary items and in particular food. So we continue to see walmart's comments as strength as walmart's com reverberate through. Again, overall retail land, we're going to continue to keep our eyes on Costco if the shares continue to weaken, it could be an opportunity to snap them up and build out our position. Now and again, we why do we like Costco compared to other retailers because of its differentiated membership business model? With regard to walmart, even though we once owned it, we are going to continue to stay on the sidelines with that name
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					Updated: 11:49 PM EDT Aug 3, 2022
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					Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide clarity and better position the company for a strong future."Walmart, the largest U.S. retailer, noted it is still investing and adding jobs in key areas such as e-commerce, advertising and supply chain.A person familiar with the matter told CNN the layoffs began this week.The job cuts come after Walmart last week cut its profit outlook for the second quarter and the remainder of the year, warning that high food and fuel costs have impacted how customers spend. Walmart said it has been forced to cut costs on various items, including apparel.Walmart also warned that it expects a slowdown in customer spending for general merchandise for the second half of the year.
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<p>Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.</p>
<p>In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide clarity and better position the company for a strong future."</p>
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<p>Walmart, the largest U.S. retailer, noted it is still investing and adding jobs in key areas such as e-commerce, advertising and supply chain.</p>
<p>A person familiar with the matter told CNN the layoffs began this week.</p>
<p>The job cuts come after Walmart last week cut its profit outlook for the second quarter and the remainder of the year, warning that high food and fuel costs have impacted how customers spend. Walmart said it has been forced to cut costs on various items, including apparel.</p>
<p>Walmart also warned that it expects a slowdown in customer spending for general merchandise for the second half of the year. </p>
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		<title>Weekly unemployment claims jump to 965K — the highest total since late August</title>
		<link>https://cincylink.com/2021/09/16/weekly-unemployment-claims-jump-to-965k-the-highest-total-since-late-august/</link>
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		<dc:creator><![CDATA[cincylink]]></dc:creator>
		<pubDate>Thu, 16 Sep 2021 04:39:08 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=27997</guid>

					<description><![CDATA[WASHINGTON — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, &#8230;]]></description>
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<p>WASHINGTON — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs. </p>
<p>The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. </p>
<p>Before the pandemic, weekly applications typically numbered around 225,000. </p>
<p>Last spring, after nationwide shutdowns took effect, applications for jobless benefits spiked to nearly 7 million — 10 times the previous record high. </p>
<p>After declining over the summer, weekly claims have been stuck above 700,000 since September.</p>
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		<title>UC Health executives take pay cut to prevent layoffs, furloughs</title>
		<link>https://cincylink.com/2020/04/11/uc-health-executives-take-pay-cut-to-prevent-layoffs-furloughs/</link>
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		<pubDate>Sat, 11 Apr 2020 13:00:04 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=12326</guid>

					<description><![CDATA[Editor’s note: With our coronavirus coverage, our goal is not to alarm you but to equip you with the information you need. We will try to keep things in context and focus on helping you make decisions. See a list of resources and frequently asked questions here. CINCINNATI -- UC Health executives will take a &#8230;]]></description>
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<p><i>Editor’s note: With our coronavirus coverage, our goal is not to alarm you but to equip you with the information you need. We will try to keep things in context and focus on helping you make decisions. See a list of resources and frequently asked questions here.</i></p>
<p>CINCINNATI -- UC Health executives will take a pay cut to prevent layoffs or furloughs as the system ramps up its response to COVID-19.</p>
<p>Health system leaders have also been asked to reduce payroll expenses to direct critical funding to medical staff working to combat coronavirus.</p>
<p>“Almost as soon as this public health crisis began, and much like other healthcare systems across the country and locally, we saw our expenses increase dramatically while our revenue streams have dwindled – all while doing the right thing for our communities," said UC Spokeswoman Amanda Nageleisen in a statement Friday.</p>
<p>In line with Gov. Mike DeWine’s order, UC Health has canceled or postponed "non-emergent elective surgeries and clinic visits" to conserve PPE and keep beds open to care for COVID-19 patients. The health system also "re-prioritized" its projects by pausing or eliminating work, and clarified and pivoted to focus on supporting our COVID-19 response.</p>
<p>"These measures were also taken to protect our workforce and other patients by preventing further spread of infection," Nageleisen said. "Our first response to help offset the diminished revenues was to proactively defer major capital expenses and non COVID-19-related projects."</p>
<p>But that response wasn't enough, officials say.</p>
<p>"Like other health care and service industry businesses, our largest expense is our employment costs. We do not want to have layoffs or furloughs. We value every employee and believe that we will need our full workforce especially as we plan for a surge of COVID-19 patients, and certainly after we emerge from our current reality," Nageleisen said. </p>
<p>Because of this, UC is implementing the pay reduction for all directors and above, and asks leaders to reduce their department payroll expenses by a minimum of 20% either by using paid time off (PTO) and/or unpaid leave.   </p>
<p>"By taking these actions, we are seeking to preserve the jobs and benefits of our employees who are so important for us, and ensure that they can take care of our patients, community and their families, especially during this unprecedented time," Nageleisen said. "While we don’t want to take these actions, we must take action now to ensure we have the resources needed to care for our friends and neighbors suffering from COVID-19." </p>
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		<title>Cintas Corp. trims staff, executive pay to battle COVID-19 downturn</title>
		<link>https://cincylink.com/2020/04/08/cintas-corp-trims-staff-executive-pay-to-battle-covid-19-downturn/</link>
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		<dc:creator><![CDATA[cincylink]]></dc:creator>
		<pubDate>Wed, 08 Apr 2020 11:00:22 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=12049</guid>

					<description><![CDATA[MASON, Ohio — Cintas Corp. has announced several cost-cutting measures due to “lower work volume” required by its customers in the COVID-19 crisis. The cuts include staff reductions, but Cintas won’t say how many. The Mason-based company provides uniforms, restroom supplies, welcome mats and carpet/tile cleaning services to factories, office buildings and other corporate facilities &#8230;]]></description>
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<p>MASON, Ohio — Cintas Corp. has announced several cost-cutting measures due to “lower work volume” required by its customers in the COVID-19 crisis. The cuts include staff reductions, but Cintas won’t say how many.</p>
<p>The Mason-based company provides uniforms, restroom supplies, welcome mats and carpet/tile cleaning services to factories, office buildings and other corporate facilities that have cleared out in the last month as more employees work from home. Cintas declined to answer questions beyond a prepared statement, so it’s unclear what impact the coronavirus is having on company revenue.</p>
<p>“Cintas has made the difficult decision to reduce our workforce in Cincinnati,” the statement said. “This decision was not made lightly and is in addition to other steps taken including a reduction in executive compensation and eliminating all non-essential spending.”</p>
<p>Braulio Benitez joined Cintas in Chicago four years ago and relocated to Mason to be a product development manager in 2017, designing floor mats with company logos. He’s disappointed by the downsizing but appreciates the severance offered by the company.</p>
<p>“They’re handling it the best they can,” he said. “Luckily the experience that I have is somewhat unique, so I could stay within the industry. I’ve made some good connections with suppliers, so I’m taking some time right now to think about my next move.”</p>
<p>Benitez said employees were told of the cuts last Friday. He doesn’t know how many employees were let go.</p>
<p>The Ohio Department of Job and Family Services has not received any information about the layoffs from Cintas, spokesman Bret Crow said. The Worker Adjustment and Retraining Notification (WARN) Act requires companies laying off more than 50 employees in a single location to issue a public notice at least 60 days before the layoffs take place. The U.S. Labor Department can make exceptions to the rule when “layoffs occur due to unforeseeable business circumstances, faltering companies and natural disasters,” according to the department’s web site.</p>
<p>Cintas said it will “provide severance and other resources for individuals who were let go in this process. Furloughed employee-partners will continue to be eligible to receive Cintas health and wellness benefits and we look forward to bringing them back as non-essential businesses re-open and our business volumes return to normal levels. Cintas continues to be an essential business as we are an important supplier to many of those who are the front lines of this crisis, and we’ll continue to do all that we can to take care of both our customers and our employee-partners.”</p>
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<br /><a href="https://www.wcpo.com/money/local-business-news/cintas-corp-trims-staff-executive-pay-to-battle-covid-19-downturn">Source link </a></p>
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			</item>
		<item>
		<title>Judge blocks strict food stamp rule</title>
		<link>https://cincylink.com/2020/03/15/judge-blocks-strict-food-stamp-rule/</link>
					<comments>https://cincylink.com/2020/03/15/judge-blocks-strict-food-stamp-rule/#respond</comments>
		
		<dc:creator><![CDATA[cincylink]]></dc:creator>
		<pubDate>Sun, 15 Mar 2020 21:02:57 +0000</pubDate>
				<category><![CDATA[National]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Beryl Howell]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[food insecure]]></category>
		<category><![CDATA[food insecurity]]></category>
		<category><![CDATA[food stamp]]></category>
		<category><![CDATA[health news]]></category>
		<category><![CDATA[hiring freeze]]></category>
		<category><![CDATA[jobless]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Judge Beryl Howell]]></category>
		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[SNAP]]></category>
		<category><![CDATA[virus]]></category>
		<guid isPermaLink="false">https://cincylink.com/judge-blocks-strict-food-stamp-rule/</guid>

					<description><![CDATA[On Friday, Federal Judge Beryl Howell granted a preliminary injunction on new rules that would raise the bar for able-bodied adults' SNAP benefits. Learn more about this story at Find more videos like this at Follow Newsy on Facebook: Follow Newsy on Twitter: source]]></description>
										<content:encoded><![CDATA[<p><iframe  width="580" height="385" src="https://www.youtube.com/embed/DnQoEzdGZk0?rel=0&modestbranding=1" frameborder="0" allowfullscreen></iframe><br />
<br />On Friday, Federal Judge Beryl Howell granted a preliminary injunction on new rules that would raise the bar for able-bodied adults' SNAP benefits.</p>
<p>Learn more about this story at </p>
<p>Find more videos like this at </p>
<p>Follow Newsy on Facebook:<br />
Follow Newsy on Twitter:<br />
<br /><a href="https://www.youtube.com/watch?v=DnQoEzdGZk0">source</a></p>
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