The unemployment rate for Black New Yorkers rose to 12.2 percent in the first quarter of the year, while the white unemployment rate dropped to 1.3 percent, a new report says.
Category: Layoffs and Job Reductions
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Microsoft Beats Financial Expectations Despite Worries About Economy
Quarterly revenue was up 7 percent and profits were up 9 percent as the company embarked on an aggressive plan to embrace artificial intelligence.
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Nate Silver, FiveThirtyEight Founder, Expects to Depart ABC News Amid Layoffs
Mr. Silver, who founded the data-driven news site in 2008, said on Twitter that layoffs at the Walt Disney Company had “substantially impacted” FiveThirtyEight.
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Lyft Will Lay Off About 1,200 People as It Looks to Cut Costs
The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.
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Emma Choi Navigated NPR Layoffs, and College
Emma Choi, NPR’s first Gen Z podcast host, went from being an intern to landing her own show in less than a year. Then she got laid off.
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BuzzFeed Shuts Down Its News Division
BuzzFeed News, which won a Pulitzer Prize but never made money, is “beginning the process of closing,” the company’s founder, Jonah Peretti, said in a memo to employees.
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David’s Bridal Files for Bankruptcy for Second Time in Five Years
The wedding dress retailer, which has some 300 locations, said it “intends to continue exploring a sale of all or some of its assets.”
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N.B.A. Blames Economy for Hiring Freeze and Budget Cuts
In a memo, the league said it was “facing a very different economic reality than just one year ago.”
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.