It’s been a year of transition for Wells Fargo after a series of scandals in its consumer banking business. The company’s paid billions of dollars in penalties and just announced it’s cutting 900 jobs in its mortgage division. The job cuts are part of a big restructuring plan the bank announced back in September, with […]

ESPN announced a long-awaited round of layoffs today. About 100 staff members are expected to be let go, including on-air reporters and commentators. The cuts are a clear sign of the new economic reality facing live sports broadcasting. Click the audio player above to hear the full story.

A complete company overhaul is calling for cutting two-thirds of its workforce.