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Layoffs

SPORTS
January 2, 2014 | By Melissa Rohlin
The WNBA is searching for a new Sparks owner after franchise Chairwoman Paula Williams Madison told the league her family-owned company would no longer be involved with the team, The Times has learned. "This was a big surprise to us," WNBA President Laurel Richie said Thursday. "Right before the holidays, I got a call from Paula letting me know that she and her family were no longer in a position to continue with the Sparks. " The WNBA is not taking over control of the Sparks, however.
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ENTERTAINMENT
November 22, 2013 | By Daniel Miller
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film "The Good Dinosaur. " The layoffs affect less than 5% of the company's 1,200-person workforce, according to a source close to the studio. In September, "The Good Dinosaur" was pushed back from its original release date of May 30, 2014, to Nov. 25, 2015. About a month before the project was delayed, the studio, a unit of Walt Disney Studios, removed  director Bob Peterson from the project.
BUSINESS
November 6, 2013 | By Jim Puzzanghera
WASHINGTON -- Planned layoffs by U.S. employers jumped 13.5% last month, led by cutbacks at pharmaceutical and financial services firms, according to a report Wednesday. Employers announced plans to cut 45,730 jobs in October, up from 40,289 the previous month, said outplacement consulting firm Challenger, Gray & Christmas Inc. Despite the increase, the October figure was down 4.2% from the same month a year ago. It was the first time in five months that year-over-year layoffs were lower.
BUSINESS
October 24, 2013 | By Andrew Tangel
NEW YORK --Bank of America Corp. has slashed 1,200 jobs in its mortgage division as the company's refinancing business slows amid rising interest rates. The Charlotte, N.C.-based bank made the cuts this week, a bank representative said. The jobs are scattered around the country, including some in California, but the bank declined to elaborate. The nation's banks have experienced a sharp slowdown in once-booming profits from refinancing as mortgage rates have climbed from their historic lows while the housing market has healed.
ENTERTAINMENT
October 21, 2013 | By Ryan Faughnder
Layoffs have begun at Focus Features. Employees in the specialty label's New York and Los Angeles locations were told Monday whether they would lose their positions, though it is not known how many jobs will be cut. Focus, an imprint of Universal Pictures best known for such films as "Brokeback Mountain," "Moonrise Kingdom," "Atonement" and "The Kids Are All Right," is also considering closing its London office. Focus Features currently has a total of 103 employees, 43 of whom work in Los Angeles, while 44 are in New York and 16 work in London.  ON LOCATION: Where the cameras roll Earlier this month, Universal picked FilmDistrict founder Peter Schlessel  to replace James Schamus as Focus' chief executive, and the company last week announced multiple changes to Focus' executive team, including the  departure of its  co-Chief Executive Andrew Karpen.  As it works to expand its slate to include more wide-release films, the label is moving its headquarters from New York to the Universal lot in Los Angeles but will maintain a small presence in New York after the move.
BUSINESS
October 7, 2013 | By Jim Puzzanghera
WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came after United Technologies Corp. said Sunday it was canceling the planned layoff of 2,000 employees at its Sikorsky Aircraft Corp., because of the return of the Defense Department workers. Lockheed had announced Friday it would lay off 3,000 employees starting Monday due to the shutdown.
ENTERTAINMENT
October 2, 2013 | By Joe Flint
After the coffee. Before getting into baseball playoff mode. The Skinny: I'm still trying to get through the second episode of NBC's "The Blacklist. " I do like James Spader, but I'm not sold on the show yet. Wednesday's headlines include layoffs at Paramount Pictures and a producer's accusation that Warner Bros. and Clint Eastwood stole his movie idea. Daily Dose: CBS has tapped John Orlando to fill the large shoes left by Martin Franks, who had overseen the broadcasting giant's lobbying efforts on Capitol Hill.
SPORTS
September 27, 2013 | By Lance Pugmire
The wait - and weight - is over for Julio Cesar Chavez Jr. In September 2012, Chavez lost a one-sided but dramatic fight to Argentina's Sergio Martinez, after which he was suspended for marijuana use. Saturday night, he climbs back into the ring after a year's absence to fight Brian Vera at StubHub Center in Carson. The non-title bout was originally contracted to be a super-middleweight fight with a weight limit of 168 pounds. But Chavez (46-1-1, 32 knockouts) reported this week that he was at 173, and the fight's promoters renegotiated for the new limit of 173 Friday after Chavez had said, "This is not a championship fight.
ENTERTAINMENT
August 21, 2013 | By Joe Flint
The Disney/ABC Television Group, which includes the ABC network, local TV stations and the Disney Channel and ABC Family cable networks, is restructuring its operations, which will result in layoffs across the unit. About 175 jobs are expected to be cut through layoffs or from not filling open positions, a person familiar with the matter said. The Disney/ABC Television Group employs around 7,600 people. “As technological advances continue to alter the competitive landscape and viewer habits, it's incumbent upon us to stay ahead of the curve.
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