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United Furniture owner ‘disappeared’ after company laid off 2,700 workers, report says

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United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources

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The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …

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‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels

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The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …

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United Furniture Industries fired thousands of people via text and email while they slept

United Furniture employee: Company-wide layoff ‘teared me apart’

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She was looking forward to a big family for Thanksgiving when Toria Neal received a text that changed her life: the mother of four was losing her job, along with everyone else in her business. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text stated that we were all made redundant and …

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United Furniture lays off its entire workforce Monday night before Thanksgiving

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United Furniture laid off its entire workforce on the night of Monday, November 21. About 2,700 employees lost their jobs, most of whom live in northeast Mississippi. The Daily Journal provides updates throughout the day on this developing story. CREATE, the Salvation Army mobilizes to help affected families (3:48 p.m. update) The sudden overnight layoff …

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Citi says investors have up to six weeks to continue to squeeze bears after inflation surprise

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Well, that was something. Inflation is slightly lower than expected, then the rockets are out – the best one-day percentage increase for the S&P 500 SPX since April 6, 2020 and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has really peaked, there are really only two questions: …

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