Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
Category: Layoffs and Job Reductions
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Washington Post Journalists Go on One-Day Strike
The 24-hour strike is the first walkout at The Post since the 1970s, union leaders said.
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U.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
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Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year
The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit.
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Popular Science Shuts Online Magazine in Another Sign of Decline
The decision came three years after the publication ended its storied print edition, which began in 1872. It will still publish articles and videos on its website.
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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’
The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.
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Jezebel Will Shut Down, Parent Company Announces
Citing “economic headwinds rattling our business,” Jim Spanfeller, the chief executive of Jezebel’s parent company, G/O Media, announced the suspension of the publication and staff layoffs.
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Will Lewis Said to Be Next C.E.O. of Washington Post
The former Dow Jones executive most recently co-founded The News Movement, a start-up aimed at young audiences.
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JOLTS Report Shows U.S. Job Openings Steady in September
The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
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For China’s Jobless Young People, Hostels Are the Place to Be
Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.