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Posts mentioning hashtag #impact

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https://www.edhat.com/beyond-local/news/california-toy-giant-mattel-inc-to-lay-off-65-employees-at-headquarters/#
Toy giant Mattel, the maker of Barbie and Hot Wheels, is laying off employees from its El Segundo headquarters, according to a notice to state authorities.

The company is expected to permanently lay off 65 employees from its headquarters located at 333 Continental Blvd in El Segundo, Los Angeles County, according to its official WARN notice.

Under the Worker Adjustment and Retraining Notification Act (WARN) Act, employers are legally mandated to provide a minimum of 60 days’ notice prior to plant closures, mass layoffs, or major relocations. The notice gives local agencies and staff time to prepare, according to WARN.

Mattel submitted the documentation on March 23, 2025, and it was processed the following day. The layoffs will be effective from May 22, 2026, the WARN filing showed.

This is the second time Mattel has laid off employees from its headquarters within a few months. In January 2026, the company laid off 89 employees, according to WARN filings.

Citing a Mattel spokesperson, a news report by Los Angeles Business Journal said that the layoffs in January were part of its effort to restructure its global brands team.

Most of the impacted employees held senior or executive positions, including significant roles on Barbie, action figures, and games teams, the report added.

In March 2025, Mattel laid off 120 workers from its headquarters, most of whom held positions like manager, director, and vice president, according to a Los Angeles Times report. The job losses were part of the cost-cutting effort as the company focused on maximizing its profits.

Citing Mattel spokesperson Catherine Frymark, the news report said that the company was targeting $200 million in cost savings by 2026.

Earlier layoff notices showed that Mattel reduced 439 employees from its El Segundo headquarters since 2020, according to the Los Angeles Business Journal.


Sony Closes Dark Outlaw Games; 50 Jobs Affected

Sony has shut down its first-party studio, Dark Outlaw Games. The Los Angeles-based team was founded in 2024 by Jason Blundell. This decision resulted in approximately 50 workforce reductions. The studio was working on an unannounced project in early development. This closure marks Sony's second PlayStation Studios shutdown in two months.

https://respawn.outlookindia.com/amp/story/gaming/gaming-news/sony-shuts-down-dark-outlaw-games-approximately-50-jobs-impacted


Nilfisk Inc. Closes Brooklyn Park Site, 105 Employees Impacted

Nilfisk Inc. is permanently closing its Brooklyn Park facility. About 105 workers are expected to lose their jobs. Employee separations began in December 2025. Layoffs are scheduled to continue through July 2026. The Minnesota State Rapid Response Team is overseeing the layoff response.

Brooklyn Park, MN

https://patch.com/minnesota/maplegrove/mass-layoffs-hit-brooklyn-park-aerospace-supplier-shuts-down


Blount Memorial Hospital Cuts 85 Positions

Blount Memorial Hospital is laying off 85 people. A WARN Notice filed with the state confirmed this. The layoffs will become effective on May 1, 2026. The hospital is the only one in its county. The impact on hospital services remains unclear.

Knoxville, Tennessee

https://www.wvlt.tv/2026/03/25/blount-memorial-hospital-announces-layoffs/


Epic Lays Off More Than 1,000 Staff

Epic Games is laying off over 1,000 employees. This decision follows a downturn in Fortnite engagement since 2025. The company is spending significantly more than it is making. These cuts, along with $500 million in cost savings, aim for stability. Impacted employees will receive severance, healthcare, and accelerated stock options.

https://www.epicgames.com/site/en-US/news/todays-layoffs


CBS News Layoffs Impact Staff, Radio Division Closes

CBS News is undergoing a new round of layoffs. Approximately six percent of its staff will be impacted. Editor-in-chief Bari Weiss and president Tom Cibrowski are leading this restructuring. The company also announced the closure of CBS News Radio. This service will cease operations on May 22, 2026, eliminating all team positions.

https://www.hollywoodreporter.com/business/business-news/cbs-news-layoffs-underway-bari-weiss-1236542195/


United Natural Foods Shutting Down Wisconsin Facility

United Natural Foods Inc. will close its Sturtevant facility. This closure impacts 443 workers. The company announced this on March 16. Layoffs are scheduled from June 20 to August 1. The company is based in Providence, Rhode Island.

Sturtevant, Wisconsin

https://www.jsonline.com/story/money/business/2026/03/17/united-natural-foods-to-layoff-443-workers-in-sturtevant/89192527007/


Tech Reorg Thoughts

Thinking the tech reorg will mainly impact global. There’s no tech team in EMEA as all those jobs were transferred to ITC and PTC. GC is running their own tech stack which means they’ll have little to no impact. Converse business was impacted which likely means, their tech will go. That only leaves us with the guys in the global where the bulk of tech sits and APLA.


Boelter Companies Closes Toledo Plant, 63 Workers Impacted

Boelter Companies Inc. will close its Custom Deco LLC facility. The plant is located in Toledo, Ohio. This closure will affect 63 employees. Layoffs are scheduled to begin around May 11. A pending sale and changing business circumstances drove the decision.

Toledo, Ohio

https://www.cleveland.com/news/2026/03/chris-pugh-trending-post-template.html


Are layoffs negatively impacting NKE? Don’t think so.

I know there’s a lot of frustration about the layoffs at Nike Corporate, EHQ Tech, and recently Converse, and I’m hearing there may be another one coming in Tech. Layoffs are always tough on people.

But an honest question after 3000+ roles were eliminated, what major capability actually stopped working or broke? It feels like most operations have continued as before which suggests there was significant organizational bloat that likely needed to be addressed.

Ultimately, growth will only return when the product lineup improves. Not by avoiding layoffs.


Scentsy Cuts 11% of Jobs

Scentsy, a fragrance company, announced new layoffs. The company eliminated 11% of its total workforce. This decision is part of thoughtful adjustments to its organizational structure. Impacted employees were offered a compensation package. Scentsy also conducted a round of layoffs in April 2025.

Meridian, Idaho

https://www.ktvb.com/article/news/local/meridian-based-company-scentsy-announces-layoffs/277-a9f6939a-5843-424b-9e51-adec8a7f6216


AI Innovations, and Consequences; to the U.S. Economy.

Consequences of AI -

AI has (some) innovations, but.

AI will replace (most, not all) computer dependent jobs (that can be) in the future, (easily) in the Millions over time; through automation efficiencies.

AI will take away Tax revenues (from those employees that were replaced) who contribute to consumer spending which will (not if) have a very Negative impact on the U.S. economy.

AI will create (some) high paying jobs, but unless Taxes are Increased on Corporations; and the wealthy; there will (not if) be a Major shortfall in Tax revenue.

The U.S. National debt is (currently) $38.7 Trillion (and rising) per usdebtclock, with $990.0 Billion a year in Interest paid by U.S. taxpayers to outside Investors (U.S. based, Japan; China; etc.) that finance it over time.

Wars are (Always) costly over time (but sometimes necessary to defend U.S. National security), and the U.S. National debt will spike because of it.

These are the facts.