The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grapples with competition from China.
Category: Layoffs and Job Reductions
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What to know about the latest report.
Ahead of a key Federal Reserve meeting to set interest rates, employers added 142,000 jobs in August and the unemployment rate was 4.2 percent.
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Why This Jobs Report Could Be the Most Pivotal One in Years
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.
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Why It’s So Hard for China to Fix Its Ailing Economy
A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.
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Will Automation Replace Jobs? Port Workers May Strike Over It.
A contract covering longshore workers on the East and Gulf Coasts will expire at the end of September, but talks have been stalled over the use of equipment that can function without human operators.
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Americans Growing Worried About Losing Their Jobs, Labor Survey Shows
The New York Fed’s labor market survey showed cracks just as Jerome H. Powell, the Fed chair, prepares for a closely watched Friday speech.
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Cisco to Cut About 7% of Staff in Second Round of Job Layoffs
The cuts could amount to about 6,000 jobs for the San Jose, Calif., maker of computer networking technology.
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Paramount Lays Off 15 Percent of U.S. Employees
The company is cutting staff ahead of its merger next year with the Hollywood studio Skydance.
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Stellantis Will Lay Off Up to 2,450 at Michigan Truck Plant
The move is the latest sign of trouble for the trans-Atlantic automaker, which has had sluggish North American sales and has said it needs to cut costs.
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Axios Laying Off 10% of Staff
Jim VandeHei, the company’s chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”