Category: Layoffs and Job Reductions

Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses

Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.
U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%

Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.
Job Openings Dropped in July as Labor Market Cooled

Vacancies fell to 8.8 million, the lowest level since March 2021.
China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground

Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
A Crisis of Confidence Is Gripping China’s Economy

China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
Fed Officials Avoided a Victory Lap at July Meeting

Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
The Metropolitan Opera Guild Will Wind Down Amid Financial Woes

The organization, founded in 1935 to support the opera house, will lay off 20 employees and stop publishing Opera News as a stand-alone monthly magazine.
China Suspends Youth Unemployment Report

The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
Is More Job Hopping Among Younger Workers a Good Thing?

Repeatedly switching jobs has long been a red flag for employers. That’s changing as Gen Z and younger Millennials embrace the upsides, but downsides persist.
A Trucking Giant Is Bankrupt, and Finger-Pointing Begins

Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
The economy added 187,000 jobs in July.

Economists project employment expanded at a healthy but slowing pace in July as the economy coasts into a steadier state.
Wages and Hiring Weigh on Minds of Company Executives

Some executives said they were not expanding their payrolls as quickly as they had, while others were more concerned about wage growth, which has remained robust.