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Oregon Business News
Oregon Business News and Local Stories.
TriMet Cuts Night Bus Service and Eliminates 68 Positions Amid $300 Million Budget Shortfall
PORTLAND, Ore. — To address a projected $300M shortfall between revenue and expenditure over the next several years, TriMet is implementing changes, including $17.7 million in cuts that will result in fewer night-time buses, and plans to…
PacifiCorp Reaches $150 Million Settlement With Over 1,400 Oregon Wildfire Victims
PacifiCorp confirmed yesterday that it has reached a $150 million settlement with 1,434 plaintiffs related to the 2020 Labor Day Fires.
More Pacificor 2020 Labor Day Fire Claims Settled
Since 2020, Pacificor has settled…
Oregon Secures Landmark Settlement Forcing Greystar to Halt Algorithm Driven Rent Pricing
A nine-state coalition, including Oregon, proposed a $7 million settlement to resolve claims against Greystar Management Services LLC, the largest landlord in the United States, following Greystar's August non-monetary settlement with the…
Providence Oregon Cuts 150 Jobs After $255 Million Operating Loss
Amid workforce challenges and regulatory pressures, Providence, Oregon, announced that 150 positions, mostly non-clinical roles, across its acute care ministries, Providence Medical Group, and Providence Health Plan, will be eliminated.…
Intel Announces 669 More Oregon Layoffs as Workforce Cuts Surpass 3,000 Despite Massive Tax Breaks
Intel, one of Oregon's biggest employers, announced Thursday that another 669 employees will be laid off from its facilities in Hillsboro and Aloha before the end of the year.
The latest round of layoffs comes after Intel’s Oregon…
Small Business Survey Ranks Oregon’s Most Reliable Cities for On-Time Payments
In three Oregon cities — Salem, Eugene, and Portland — a handshake still counts. The cities were named Oregon’s most trustworthy in a national survey of small business owners who were asked to identify the cities with the best and worst…
Portland General Electric Blocks Service Disconnections for Thousands Affected by Federal Shutdown
PORTLAND, Ore. — Portland General Electric (PGE) announced yesterday that it will temporarily expand holds on service disconnections for Income-Qualified Bill Discount recipients and medical certificate customers to help customers affected…
Legacy Health Blames ‘Unbearable’ Costs as It Prepares Major Clinic Closures in Oregon and…
Legacy Health indicated that several of its clinics and programs in Oregon and Washington will be closed due to significant financial pressures, including rising labor and supply costs, stagnant reimbursement rates, and state-level…
Survey Reveals Which Oregon Companies Offer the Best Career Growth Opportunities
In a recent survey, three Oregon employers- Nike, Intel, and Providence- were rated the top places they would go for career development and upskilling, if these were their only criteria.
Best Employers In Oregon For Career Growth…
Wells Fargo Cuts 50 Jobs in Downtown Portland as Layoffs Continue Across Oregon
In the latest round of layoffs, the multinational financial services company Wells Fargo laid off 50 workers from its downtown Portland office, primarily from the Financial Crimes Division.
According to Wells Fargo, the company is…