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Nearly 1,000 job cuts are hitting four North Texas companies

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Nearly 1,000 job cuts are hitting four North Texas companies


Nearly 1,000 jobs are being cut at four North Texas companies, according to layoff notices filed with the Texas Workforce Commission.

The layoffs will take place at trucking firm Yellow Corp., logistics giant FedEx Corp., rehabilitation hospital operator Vibra Healthcare and telecommunications supplier Ericsson Inc..

Yellow Corp.

Nashville-based Yellow Corp. laid off 530 employees from its Dallas location last Friday, according to its TWC filing.

Yellow, which has been in business for nearly 100 years, was once considered a leader in transporting goods across the country. However, the company has been unable to dig itself out of nearly $1.5 billion of debt.

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“Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” Teamsters general president Sean M. O’Brien in a statement. “This is a sad day for workers and the American freight industry.”

Much of the company’s debt originated in 2020 when Yellow took out a $700 million loan from the government as a part of a COVID-19 relief program. According to government documents, Yellow has repaid $230 million but still owes nearly another $500 million and an additional $54.8 million in interest.

Yellow informed its staff on Friday that it was ceasing operations, according to the Teamsters. If Yellow files for bankruptcy as expected, it could become the largest trucking firm failure in history.

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Across the U.S., some 30,000 workers are affected by Yellow’s closure.

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FedEx Corp.

Memphis-based FedEx Corp. will be laying off 280 workers from its Fort Worth location, according to its notice to the state. Layoffs will begin Sept. 23.

The move comes in the wake of changes in FedEx’s upper management as former CEO of Atlas Air Worldwide John Dietrich took over as CFO of the company on Tuesday. Dietrich said he hopes to help bring more cost-effective solutions to the transportation and e-commerce company.

“Together, we will deliver on the tremendous opportunity FedEx has to expand margins and improve returns as we build off a lower cost base, which will deliver significant long-term value for our stockholders,” Dietrich said in a statement.

Earlier this year, FedEx announced that its ground and express divisions would be consolidated as part of an overall effort to cut $4 billion from company expenses by 2024.

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Ericsson to lay off 750 North American workers, shut down field service operations

Ericsson

Swedish telecommunications firm Ericsson Inc. will lay off 64 employees at its U.S. headquarters in Plano on Sept. 29, according to its notice.

“This strategic change will provide added flexibility, reduce costs and simplify our operations, allowing us to operate more efficiently and better serve the changing needs of our customers,” the company said in the notice.

The company will be shutting down its U.S. field services on Oct. 1, resulting in 750 jobs being cut across the country.

In February, Ericsson announced that it would be axing 8,500 employees globally in a cost-cutting move.

“It is our obligation to take this cost out to remain competitive,” Chief Executive Borje Ekholm said in a memo to employees. “Our biggest enemy right now may be complacency.”

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Vibra Healthcare

Mechanicsburg, Pa.-based Vibra Healthcare told TWC it will lay off 76 employees from its specialty hospital in DeSoto beginning Sept. 29.

Earlier this year, a Vibra hospital in Massachusetts also announced that it would be laying off 87 employees on Aug. 15 as it moves to a new location in the state.

In total, nearly 200 employees will be terminated from the company between mid-August and late September. The move comes as hospitals around the country are laying off workers due to financial and operational challenges.



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Dallas, TX

Sources: Giants’ DeVito expected out vs. Dallas

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Sources: Giants’ DeVito expected out vs. Dallas


New York Giants quarterback Tommy DeVito is expected to be out for Thursday’s game against the Dallas Cowboys because of his forearm injury and Drew Lock is expected to start in his place, sources told ESPN’s Adam Schefter and Jordan Raanan.

DeVito is listed as questionable for the Thanksgiving Day game, but a source told ESPN on Wednesday that DeVito was considered a long shot to play.

He did not travel with the team to Dallas on Wednesday as he was undergoing further evaluation, the Giants said. The team, however, said it expected him to travel to Dallas later Wednesday.

DeVito took several big hits in Sunday’s 30-7 loss to the Tampa Bay Buccaneers. He was making his first start of the season after the Giants released former starter Daniel Jones late last week.

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The Giants turn to Lock after bypassing him following the benching of Jones for DeVito. Lock spent the first 10 weeks as the backup, with DeVito as the third string/emergency quarterback.

Lock has a short week and no real practices to get ready for the matchup of NFC East rivals. He also will be playing behind an offensive line without its starting tackles. Andrew Thomas (foot) is on injured reserve and Jermaine Eluemunor (quad) was ruled out Wednesday.



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Dallas, TX

Colorado visits Dallas after shootout victory

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Colorado visits Dallas after shootout victory


Associated Press

Colorado Avalanche (13-10, in the Central Division) vs. Dallas Stars (13-8, in the Central Division)

Dallas; Friday, 9 p.m. EST

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BETMGM SPORTSBOOK LINE: Stars -140, Avalanche +116; over/under is 6.5

BOTTOM LINE: The Dallas Stars host the Colorado Avalanche after the Avalanche took down the Vegas Golden Knights 2-1 in a shootout.

Dallas is 13-8 overall and 4-2-0 against the Central Division. The Stars have a 4-2-0 record in games they score at least one power-play goal.

Colorado is 13-10 overall and 2-3-0 against the Central Division. The Avalanche have a 2-5-0 record in games their opponents serve fewer penalty minutes.

The teams meet Friday for the first time this season.

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TOP PERFORMERS: Matt Duchene has 12 goals and 14 assists for the Stars. Mason Marchment has five goals and seven assists over the last 10 games.

Cale Makar has eight goals and 22 assists for the Avalanche. Mikko Rantanen has eight goals and seven assists over the past 10 games.

LAST 10 GAMES: Stars: 6-4-0, averaging 3.7 goals, 6.4 assists, 3.1 penalties and 8.2 penalty minutes while giving up 2.8 goals per game.

Avalanche: 7-3-0, averaging three goals, 4.8 assists, 2.6 penalties and 5.2 penalty minutes while giving up 2.9 goals per game.

INJURIES: Stars: None listed.

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Avalanche: None listed.

___

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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Dallas, TX

Kidd breaks the silence, gives first update on Luka Doncic’s sudden wrist injury

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Kidd breaks the silence, gives first update on Luka Doncic’s sudden wrist injury


The Dallas Mavericks’ bad injury and availability luck this season continued into Wednesday evening, as Dallas will be without Daniel Gafford, Klay Thompson, Dante Exum, and Luka Doncic against the New York Knicks tonight.

While no one expected Doncic and Exum to play as they are both out with wrist injuries, both Thompson and Gafford had a chance at playing. Thompson will be out for the second straight game with left foot plantar fascia, and Gafford is out with an illness.

This illness has been no joke for Dallas, as both Quentin Grimes and Dereck Lively II were listed on the injury report, but both are available against the Knicks.

The Mavs have found a way to win two of the three games that Doncic has missed due to this sprained wrist that he unexpectedly suffered against the New Orleans Pelicans last Tuesday, and Mavs head coach Jason Kidd gave the first update on Doncic’s status when it comes to the wrist injury on Wednesday night.

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“He looks good,” Kidd said at his pregame media availability. “Everything that has come back that he looks good and is getting closer to coming back.”

Kidd then continued to talk about how Doncic has been going through “individual workouts,” and everything that he has “heard or seen is trending in the right direction.” He went through a pregame workout at the American Airlines Center with his wrist taped despite being out, and this is a good sign.

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It’s typical for Kidd and the Mavericks to limit what they tell the media when it comes to players’ injuries, but the fact that Doncic is going through workouts and responding well is a good sign. Doncic has not been able to catch a break this season, as he has dealt with a calf contusion, knee contusion, and this wrist sprain over the last two months, and this week-plus off should help get him back to being 100 percent.

He didn’t even seem to be 100 percent with his knee when he injured his wrist against New Orleans, and him getting this time of rest could be huge for him in returning to playing at an MVP level. This wrist injury happened so suddenly against the Pelicans, and even Doncic didn’t know the exact moment it happened. He said that the pain started early on in the game, and it got worse as the game went on. Doncic dubbed his wrist injury as “nothing serious” in his postgame press conference from last Tuesday night, but his availability lately says otherwise.

This season for Dallas, Doncic is averaging 28.1 points, 7.6 rebounds, and 7.6 assists per game while shooting 43.5 percent from the field and 32.4 percent from downtown, and while his numbers are down, Kidd remains confident in his superstar. Kidd emphasized that Doncic is still “human” last week when asked about his slow start to the season, and even though Dallas is finding ways to win without him, his return is going to help take this team to another level.

His teammates miss having him on the floor with them, and the Mavs are a completely different team when Doncic is fully healthy and cooking with gas. It has been a while since Mavs fans saw Doncic fully healthy considering the downpour of injuries that slowed him down during the playoffs, and he and Kyrie Irving will have the chance to help push this team back to the top of the Western Conference once he returns from this wrist injury.





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