layoffs

Layoffs, departures, vacancies, hiring: Twisted labor market softens slightly, still massive attrition and job-hopping

Layoffs, departures, vacancies, hiring: Twisted labor market softens slightly, still massive attrition and job-hopping

The Fed gets more rate hike material. Only retail trade has returned to normal. Written by Wolf Richter for WOLF STREET. These are the data points about the labor market that Fed Chairman Jerome Powell cites every time he supports a rate hike in his post-hike news conference. These data points are based on statements …

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Fired Nintendo employees come forward, provide more details on layoffs and labor complaints - IGN

Fired Nintendo employees come forward, provide more details on layoffs and labor complaints – IGN

A fired Nintendo contractor who filed a formal complaint with the National Labor Relations Board has said publicly for the first time, revealing their names and more details about the events that culminated in the April complaint. In an interview with Axios, former Nintendo QA testers Mackenzie Clifton claimed they were fired after asking Nintendo …

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Facebook parent company Meta reportedly announces hiring freeze amid fears of layoffs

Meta employees have been warned of potential layoffs after Facebook’s parent company announced Thursday that it would freeze hiring and “further restructure,” according to Bloomberg. In a company-to-employee communication, CEO Mark Zuckerberg mentioned the uncertain macroeconomic environment leading to these changes. The announcement comes after several tech companies were forced to lay off workers in …

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56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

It’s easy to get swayed by headlines and market declines when you’re not clear about your work goals. Amanda Wallace Head of Insurance at MassMutual Meanwhile, a MassMutual poll found that a majority of Americans (80%) are already concerned about how a recession will affect their day-to-day finances. The survey was conducted in August and …

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King Charles criticises 'cold' staff layoffs, tantrums over leaking pen

King Charles criticises ‘cold’ staff layoffs, tantrums over leaking pen

LONDON (AP) — As many as 100 staff at the former residence of King Charles III could lose their jobs, according to reports, sparking criticism of the British monarchy in the days following his accession to the throne. The Guardian reported on Tuesday that dozens of staff at Clarence House, Charles’s former home, had been …

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Google CEO says he wants to make company '20% more efficient', hints at possible layoffs

Google CEO says he wants to make company ‘20% more efficient’, hints at possible layoffs

Alphabet CEO Sundar Pichai gestures during a meeting at the World Economic Forum (WEF) annual meeting in Davos on January 22, 2020. Fabrice Coffini | AFP | Getty Images Google and Alphabet CEO Sundar Pichai said he wants to increase the company’s efficiency by 20 percent, which could include layoffs as it takes into account …

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Fintech Klarna triples losses after aggressive U.S. expansion and massive layoffs

Fintech Klarna triples losses after aggressive U.S. expansion and massive layoffs

Logo of Swedish payment provider Klarna. Thomas Truschel | Photography | Getty Images Klarna on Wednesday reported a sharp increase in losses in the first half of the year, adding to a raft of negative news for the “buy now, pay later” pioneer. The Swedish payments company generated SEK 9.1 billion ($950 million) between January …

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The worst is yet to come: Economist Stephen Roach says US needs 'miracle' to avoid recession

The worst is yet to come: Economist Stephen Roach says US needs ‘miracle’ to avoid recession

Negative economic growth in the first half of the year could be a precursor to a deeper recession that could last into 2024. Stephen Roach, the former chairman of Morgan Stanley’s Asia division, warned that the U.S. needs a “miracle” to avoid a recession. “As the lagged effects of this major monetary tightening start to …

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layoffs. loss. Shares plummeted.These pandemic winners are struggling right now | CNN Business

layoffs. loss. Shares plummeted.These pandemic winners are struggling right now | CNN Business

New York CNN Business — Amid the economic turmoil of the pandemic, few companies have prospered more than Peloton. With people unable (or unwilling) to go to the gym, consumers are rushing to buy its fitness equipment and, more importantly, sign up for its online classes. Peloton reported first-quarter profit for the 2020 calendar year, …

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