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.
Category: Layoffs and Job Reductions
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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.”
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Will A.I. Kill Meaningless Jobs?
And is that so bad?
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Intel Will Cut More Than 15,000 Jobs
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
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What to Watch as the Fed Meets on Wednesday
The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year.
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Politics Makes the Fed’s Job Trickier, but Doesn’t Drive Its Decisions
Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight.
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Movie Editors and Animators Fear A.I. Will Kill Jobs
Actors and writers won strict limits on artificial intelligence in last year’s contract negotiations, but other workers face a growing challenge.
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Is the Labor Market About to Crack? It’s the Key Question for the Fed.
Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.