Streetbeat News

Labor Issues

PWP

Perella Weinberg Partners (PWP) plans to cut 7% of its headcount to make room for new hires, according to Bloomberg. The move is aimed at improving the company's performance.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:29 pm

BCE

Bell announced a reduction of 1,300 positions, including a 20% decrease in executive roles compared to 2020. The cuts are primarily in management, which will see a 6% reduction.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:16 pm

SPY

Acting Labor Secretary is still involved in the ongoing labor talks at U.S. West Coast ports, which may impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:37 pm

SONO

Audio products manufacturer Sonos Inc (NASDAQ: SONO) plans to cut 7% of its workforce and further reduce its real estate footprint. The company estimates restructuring and related charges of $11 million to $14 million, with $9 million to $11 million related to employee severance and benefits costs.

Portfolio Pulse from Shivani Kumaresan

June 14, 2023 | 2:05 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) has appointed aerospace and defense industry veteran Tony Gingiss as its new Chief Operating Officer. Gingiss brings over 30 years of experience, having worked with Boeing Satellite Systems, Airbus OneWeb Satellites, and Virgin Orbit.

Portfolio Pulse from Happy Mohamed

June 14, 2023 | 1:35 pm

OLO

Olo, a cloud-based e-commerce platform, is reducing its workforce by approximately 11%, resulting in charges of $7.5M to $10.0M.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:14 pm

HQY

HealthEquity has announced James Lucania as the new Executive Vice President and CFO, succeeding Tyson Murdock effective September after filing the Q2 report.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:03 pm

TSN

Tyson Foods plans to cut 10% of corporate jobs and 15% of senior leadership positions in April, impacting 228 workers in Illinois and 490 corporate personnel in South Dakota. The company missed Q2 expectations and reduced its FY23 outlook.

Portfolio Pulse from Akanksha Bakshi

June 14, 2023 | 12:50 pm

NUE

Nucor Corporation (NYSE:NUE) announced plans to build its second utility structures production facility in Crawfordsville, Indiana, creating 200 full-time jobs. The facility will help meet growing demand for utility infrastructure from renewable energy projects, EV charging network expansion, and grid hardening.

Portfolio Pulse from Happy Mohamed

June 14, 2023 | 12:31 pm

DIS

Walt Disney Co (NYSE:DIS) has delayed several entries in the Avatar, Marvel, and Star Wars franchises due to an ongoing writer's strike. The strike has caused production halts and delays in the film and television industry.

Portfolio Pulse from Akanksha Bakshi

June 14, 2023 | 12:11 pm