Tag: cutbacks

  • Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

    Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

    By Ronald Grover Walt Disney Co, which reported record earnings in November, started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters. Disney, whose empire spans TV, film, merchandise and theme... Continue Reading

  • Unemployment Benefits Whittled Down

    Unemployment Benefits Whittled Down

    Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. Although Congress reauthorized federal emergency unemployment benefits earlier this year, lawmakers reduced the weeks the jobless can collect payments. The cutbacks come in two phases -- one now and another... Continue Reading

  • Postal Service To Delay Cutbacks Until Mid-May

    Postal Service To Delay Cutbacks Until Mid-May

    By Hope Yen WASHINGTON (AP) -- The U.S. Postal Service on Tuesday agreed to delay the closing of 252 mail processing centers and 3,700 local post offices until mid-May. In a statement, the cash-strapped agency said it would hold off on closings by several weeks to give Congress more time to pass... Continue Reading