Cliffs Natural Resources

Layoffs · Americas

Canada Parks has issued layoff notices under workforce adjustment (WFA) rules, drawing attention to how job guarantees in WFA notices are binding once issued.

Layoffs · Americas

Health insurer Centene cut about 6,000 employees as part of staffing reductions, incurring severance costs, while its Medicare business is now expected to break even a year early.

Layoffs · Americas

LMF Commercial, a Lennar-owned commercial mortgage lender, has closed and begun laying off staff across its New York, Miami, Los Angeles and Las Vegas offices. The firm employed around 50 professionals and was a CMBS conduit contributor.

Layoffs · Americas

Cliffs' decision to cut jobs at its Hamilton and Nanticoke, Ontario steel operations (Stelco) has drawn a formal letter from the federal minister demanding compliance with job commitments and a 15-day response deadline.

Layoffs · Americas

Burnaby, BC e-commerce and logistics software firm Cymax appears to have shut down amid tough market conditions; multiple employees are job-seeking and a senior leader is assisting with the wind-down. A similar reported closure occurred at Toronto-based CommerceBear.

Layoffs · Americas

Watertown, MA-based biotech EyePoint is cutting 53% of its positions after its experimental drug failed a Phase 3 trial.