EBay Inc. is cutting about 500 employees — or 4% of its workforce — as the e-commerce company continues to face slower consumer spending after a brief pandemic boom. The reductions are in response to the “macroeconomic situation around the world,” Chief Executive Officer Jamie Iannone said Tuesday in a statement, and are necessary to […]
A 30% national sales tax? Abolishing the IRS? What the FairTax Act of 2023 would do. There is hardly an area of American life more subject to partisan debate than the tax code. Democrats want to raise taxes. Republicans want to slash them. At least that’s how the well-worn narrative goes. But, in actuality, debate […]
Georgia Senate advances bill cutting college degree requirements for state jobs GA would join states such as CO and MD in eliminating some degree requirements A Georgia Senate committee is advancing a bill that would instruct an agency to examine qualifications for state government jobs and not require a college degree unless truly necessary. The […]
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 […]