Sam Bankman-Fried, the disgraced cryptocurrency executive, pleads not guilty to an array of charges. A bumpy road ahead for Tesla. And the latest inflation figures are coming out.
Category: Layoffs and Job Reductions
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The Week in Business: Slowing Job Growth
The New York Times – Business: -
A slowing job market poses risks for those who’ve been out of work for a while.
The New York Times – Business:The number of people receiving unemployment benefits has been rising, even as new claims remain low.
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Why Bed Bath & Beyond Is Weighing Bankruptcy
The New York Times – Business:Dreary holiday season sales failed to help solve the struggling retailer’s financial woes, leaving the company with few options.
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Even a Soft Landing for the Economy May Be Uneven
The New York Times – Business:Small businesses and lower-income families could feel pinched in the months ahead whether or not a recession is avoided this year.
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Amazon Expands Corporate Layoffs to 18,000 Jobs
The New York Times – Business:The layoffs will focus on human resources and its retail division, Amazon’s chief executive said in an email to employees.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The New York Times – Business:The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Labor Market Strength Persisted Heading Into the Holidays
The New York Times – Business:Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The New York Times – Business:The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
The New York Times – Business:Most tech jobs are now in mainstream industries like health care, banking and retail, which are increasingly in need of workers with digital skills.
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Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts
The New York Times – Business:The tech giant has so far taken steps to streamline without mass layoffs, but employees are girding for deeper cuts.
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Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
The New York Times – Business:Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected.