Thousands of workers have already gotten pink slips this year, and it seems managers may be next. Companies like Meta and FedEx are paring back managerial jobs; others like Intel are cutting pay. Managers may be an easy target as companies correct course after over hiring in the past few years. Managers, beware: Layoffs have […]
Meta layoffs: CEO Mark Zuckerberg hints at more job cuts, middle managers at stake, say reports After firing 11,000 employees in November last year, Meta layoffs are planning for more layoff as Meta Founder and CEO Mark Zuckerberg has now put middle managers at the company on notice, said reports. During a meeting with the […]
Philips to cut 13% of jobs in safety and profitability drive Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. Half of the job cuts […]
‘They fire, we hire’ – Germany seizes on Silicon Valley’s woes Faced with a tight labor market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent. The U.S. West Coast has always been the main […]
Ford Motor Co (F.N) is mulling to reduce up to 3,200 jobs across Europe and move some product development roles to the United States, according to Germany’s IG Metall union, as the American automobile manufacturer continues to slash its workforce in an attempt to adapt to a future with electric vehicles. IG Metall, German’s largest […]
Despite layoffs in the tech industry, Walmart recently announced it would increase hourly employee pay again. This move highlights the continued tightness of the front-line labour market. The retail behemoth, which is the largest private employer in the United States, revealed on Tuesday that it is boosting the minimum wage for store employees to $14 […]
Google’s parent company Alphabet is cutting the most jobs in its history, showing that its massive investments in artificial intelligence haven’t offset the pullback in advertising and tech spending that has triggered a parade of tech companies to announce mass layoffs in recent months. In an email posted on the tech giant’s blog Friday, Sundar […]
Your retirement benefit amount depends on how much you’ve earned over your lifetime at jobs for which you paid Social Security taxes — and the age at which you claim. You can claim Social Security benefits as early as age 62, but you’ll only receive your full benefit amount if you wait to claim until […]
Getty Images announced it’s suing Stability AI, makers of the AI art tool Stable Diffusion, over alleged copyright violations. “It is Getty Images’ position that Stability AI unlawfully copied and processed millions of images protected by copyright and the associated metadata owned or represented by Getty Images absent a license to benefit Stability AI’s commercial […]
Party City files for bankruptcy with plans to restructure mounting debt Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load. Party City has secured a $150 million bankruptcy loan and will seek approval to use half of those funds to immediately pay wages and vendors, among other expenses. […]