The data shows the job market continues to ease off its red-hot pace, but there are still more openings than unemployed workers in the country.
Category: Layoffs and Job Reductions
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Richard Branson’s Virgin Orbit Files for Bankruptcy
The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.
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Norfolk Southern’s Push for Profits Compromised Safety, Workers Say
Federal officials are investigating the railroad’s safety practices and culture after the derailment in East Palestine, Ohio, and worker deaths.
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Virgin Orbit’s Failed Launch Is a Blow to the Company
Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.
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Texas Observer Reverses Plan to Shut Down and Lay Off Staff
Former and current staff members had fought the decision to shut down the 68-year-old magazine, a bastion of liberal opinion and investigative journalism in a red state.
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Disney Lays Off Ike Perlmutter, Chairman of Marvel Entertainment
The move was part of a company cost-cutting campaign and came after Mr. Perlmutter was part of an unsuccessful attempt to shake up Disney’s board.
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Tinkering With ChatGPT, Workers Wonder: Will This Take My Job?
Artificial intelligence is confronting white-collar professionals more directly than ever. It could make them more productive — or obsolete.
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The Chaotic, Dispiriting Work of Liquidating Harmon Stores
Employees of the beauty and health chain said Bed Bath & Beyond’s decision to shut it down had caught them by surprise. Communication never got better.
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The Week in Business: A Banking Crisis
Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.