Hospitality Jobs

Business

UPS Unveils Sweeping Network Overhaul: 30,000 Jobs Cut as It Pivots to Automation and Higher-Margin Deliveries

In a major strategic shift, UPS announced plans to eliminate up to 30,000 positions and close 24 facilities by 2026. The logistics giant is restructuring its network to prioritize automation and higher-margin business segments, while scaling back lower-margin volume, notably from Amazon. The move aims to reshape the company's cost structure and profitability profile amid a challenging multi-year stock performance.

Feb 2, 2026

Business

Home Depot Cuts Corporate Jobs, Doubles Down on AI and Sustainability in Strategic Overhaul

The home improvement giant is eliminating approximately 800 corporate positions and mandating a full-time return to office, while simultaneously launching new AI tools for professionals and expanding its organic seed offerings nationwide, signaling a dual focus on operational efficiency and future-facing customer engagement.

Feb 2, 2026

Business

BeatBox Beverages Cuts 158 Jobs in Austin as Anheuser-Busch Acquisition Looms

Future Proof Brands, maker of the popular ready-to-drink brand BeatBox, is laying off over 150 employees at its headquarters. The move comes weeks after announcing a $490 million majority stake acquisition by Anheuser-Busch, signaling corporate restructuring ahead of the deal's expected close in early 2026.

Jan 30, 2026

Business

Amazon Axes Over 500 Jobs in Sacramento as It Shutters Fresh and Go Stores Nationwide

Amazon is closing its cashier-less Fresh and Go grocery stores across the U.S., resulting in more than 500 layoffs in the Sacramento region alone. The tech giant says it will now concentrate its grocery efforts on expanding its Whole Foods Market chain.

Jan 30, 2026

Business

Eli Lilly Commits $3.5 Billion to Pennsylvania, Creating 850 Jobs in Major Life Sciences Push

Pharmaceutical leader Eli Lilly will build a new manufacturing facility in Lehigh County, marking the largest life sciences investment in Pennsylvania history and bolstering U.S. production of next-generation weight-loss drugs.

Jan 30, 2026

Business

Campbell's Shutters Historic Cape Cod Chip Plant, Cutting 49 Jobs in Cost-Cutting Move

Campbell Soup Company will close its Hyannis, Massachusetts snack facility by April, consolidating production of Cape Cod and Kettle Brand chips at other US plants amid declining sales in its snacks division.

Jan 30, 2026

Business

UPS Pivots with Sweeping Restructuring: 30,000 Jobs Cut, Focus Shifts to Healthcare and High-Margin Clients

Facing uneven long-term performance, UPS announces a major strategic overhaul involving significant job reductions, facility closures, and a deliberate move away from low-margin Amazon volume. The company is betting big on healthcare logistics through acquisitions to bolster its global cold chain network.

Jan 30, 2026

Business

Saks to Shutter Three New Jersey Stores, Cutting 69 Jobs Ahead of 2026 Bankruptcy

Luxury retailer Saks Fifth Avenue is laying off 69 employees in New Jersey as it closes three discount outlets, part of a broader restructuring following its acquisition of Neiman Marcus and a pre-negotiated bankruptcy filing.

Feb 2, 2026

Business

London's Historic Ibex House to Become Art Deco Hotel After Planning Nod

A Dominus and Cheyne Capital partnership wins City of London approval to convert the Grade II-listed Ibex House into a 382-room hotel, slated for a late 2028 opening, complete with a hospitality academy and restored pub.

Feb 2, 2026

Business

Columbia Distributing's Acquisition of Point Blank to Affect 177 Jobs in Oregon, Facilities in Bend and Eugene to Close

The planned acquisition of craft beverage distributor Point Blank by industry giant Columbia Distributing will result in the closure of two Oregon facilities and impact 177 workers, despite assurances of a 'seamless' transition for partners.

Jan 31, 2026

Business

Texas Shatters Employment Records in December, Cements Status as Nation's Top Job Creator for 2025

Newly released federal data confirms Texas led all states in job creation last year, setting new historic highs for total employment, workforce size, and nonfarm jobs in December, even as regional disparities persist.

Jan 30, 2026

Business

From Paycheck to Portfolio: The Financial and Emotional Leap to Full-Time Real Estate Investing

A wave of experienced investors on Reddit are sharing the pivotal financial and psychological benchmarks that convinced them to leave their W2 jobs behind. The consensus? It's less about net worth and more about sustainable cash flow, strategic planning, and navigating hidden hurdles like financing and healthcare.

Feb 2, 2026

Business

STKS Price Target Cut After Q4 Revenue Shortfall, But Analysts See Long-Term Upside

Lake Street Capital maintains a Buy rating on The ONE Group Hospitality (STKS) despite lowering its price target, citing a solid finish in a tough market and a clear growth runway through 2026.

Feb 2, 2026

Business

Sonesta Unveils $400 Million Portfolio-Wide Revamp, Elevating Guest Experience Across Key Markets

Sonesta International Hotels concludes a sweeping multi-year renovation initiative, injecting modern amenities and design into properties from New York to Kaua'i, as the company sharpens its competitive edge in the hospitality sector.

Feb 2, 2026

World

Italy's Infrastructure Push: Webuild Lands €531 Million Contract for Key Calabrian Road Project

The Italian construction giant Webuild secures a major contract to build a critical section of the SS106 Jonica road, a project set to enhance connectivity in Calabria while creating hundreds of jobs and employing advanced construction technologies.

Feb 2, 2026

Business

Agilysys Shares Tumble Despite Revenue Beat as Costs Dent Profits; Analysts Probe Growth Strategy

Hospitality tech provider Agilysys saw its stock price drop sharply post-earnings, even as Q4 revenue topped estimates. Higher development costs squeezed profits, though CEO highlighted strong subscription growth in key segments. Analysts are now scrutinizing the pace of major rollouts and efficiency gains.

Feb 2, 2026

Business

Bitcoin's Fate Hinges on U.S. Labor Data and MicroStrategy Earnings This Week

As Bitcoin grapples with volatility below $80,000, a packed U.S. economic calendar—featuring key jobs reports and MicroStrategy's Q4 earnings—is poised to dictate the cryptocurrency's near-term trajectory by shaping Federal Reserve policy expectations.

Feb 2, 2026

Business

Campbell's to Close Historic Cape Cod Chip Plant, Ending a Local Era

Campbell Soup Company will shutter its Hyannis, Massachusetts facility, the original home of Cape Cod Potato Chips, citing economic inefficiency. The closure, affecting 49 jobs, marks a strategic shift of production to larger plants as the snack giant consolidates its network.

Jan 30, 2026

Business

Marriott's Stock Soars, But Is It Flying Too Close to the Sun? Analysts Question Valuation After Stellar Run

Marriott International's shares have delivered impressive multi-year gains, but recent analysis suggests the hospitality giant's stock may now be trading at a significant premium. With a DCF model pointing to a 16% overvaluation and a P/E ratio exceeding industry peers, investors are debating whether the price fully reflects future growth or has outpaced fundamentals.

Jan 30, 2026

Business

VICI Properties: A Deep Value Play or Value Trap? Analysts Weigh In After Stock Slump

Shares of gaming and hospitality REIT VICI Properties have faced recent headwinds, trading near $28 and presenting a significant discount to analyst targets. We examine whether the current valuation gap signals a buying opportunity or reflects deeper sectoral risks.

Jan 30, 2026