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  • Trump ousts Reince Priebus as chief of staff in latest White House shake-up

    Trump ousts Reince Priebus as chief of staff in latest White House shake-up

    President Trump ousted his beleaguered chief of staff, Reince Priebus, naming Homeland Security Secretary John F. Kelly to replace him Friday in the latest White House shake-up as the administration struggles to emerge from bitter staff infighting and a stalled legislative agenda. Trump announced...

  • Amazon announces U.S. hiring spree as labor market tightens

    Amazon announces U.S. hiring spree as labor market tightens

    Amazon.com Inc. has some job openings. Lots of them. The Seattle e-commerce giant said Wednesday that it's looking to fill more than 50,000 positions across the United States. The announcement comes at a time when the labor market is growing tight with back-to-school and holiday shopping around...

  • Molina Healthcare, under pressure to boost margins, will lay off 1,400 workers

    Molina Healthcare, under pressure to boost margins, will lay off 1,400 workers

    Health insurer Molina Healthcare Inc. will lay off about 1,400 employees as the Long Beach company looks to cut costs and increase profitability. The layoffs will hit 10% of staff in the company’s corporate and health-plans units, from senior leaders to “front line staff,” interim Chief Executive...

  • California Inc.: Fed expected to signal likelihood of September rate hike

    California Inc.: Fed expected to signal likelihood of September rate hike

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. We learned Friday that California’s economic engine quieted in June as employers reduced...

  • Vice Media lays off about 60 staffers as it refocuses on video

    Vice Media lays off about 60 staffers as it refocuses on video

    Vice Media laid off about 60 employees Friday in what the edgy news outlet described as a way to place a greater emphasis on video. The layoffs — which affect multiple departments and represent a 2% cut of Vice’s roughly 3,000 employees — come a month after Vice announced it had secured $450 million...

  • Nike to slash sneaker styles and 1,400 jobs in company shake-up

    Nike to slash sneaker styles and 1,400 jobs in company shake-up

    Nike Inc. wants to be more nimble on its feet. The sneaker maker said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about 1,400 jobs. Nike...

  • HuffPost lays off 39 journalists after Yahoo-Verizon deal closes

    HuffPost lays off 39 journalists after Yahoo-Verizon deal closes

    Thirty-nine journalists at HuffPost were laid off Wednesday as part of Verizon Communications Inc.’s acquisition of Yahoo Inc., according to the union representing the website’s editorial staffers. The cuts are part of what’s expected to be a 15% staff reduction across Yahoo and the Verizon-owned...

  • A beleaguered EPA has become ground zero in Trump's war on science

    A beleaguered EPA has become ground zero in Trump's war on science

    Few federal agencies would entirely escape the meat cleaver in President Trump’s proposed budget, but none is facing more devastating cuts than the Environmental Protection Agency. The agency would suffer a 31% cut in the budget that was released late last month, to $5.7 billion — that’s from previous...

  • Trump administration uses bogus numbers on Obamacare — again

    Trump administration uses bogus numbers on Obamacare — again

    Health and Human Services Secretary Tom Price was quick off the mark Monday after his agency released fresh data on “effectuated enrollments” — that is, Americans who not only chose an Affordable Care Act individual health plan for 2017, but secured coverage by paying their first monthly installment....

  • Imax lays off 100 employees to cut costs as box office slows

    Imax lays off 100 employees to cut costs as box office slows

    Big screen cinema giant Imax Corp. is laying off 100 employees, or 14% of its workforce, in a move to improve profitability, the company said Monday. The layoffs are part of a broader plan to reduce costs by $20 million annually at a time when its stock price is sagging. The Canadian company’s...

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