As part of its cost-cutting strategy, telecom equipment manufacturer Ericsson will layoff 8,500 workers globally, according to a memo written to staff members and seen by Reuters news agency. “The way headcount reductions will be managed will differ depending on the local country practice,” Chief Executive Borje Ekholm wrote in the memo. “In several countries, […]
Surrounded by kindergarteners, Lana Scott held up a card with upper and lower case Ys, dotted with pictures of words that started with that letter: Yo-yo. Yak. Yacht. “What sound does Y make?” Scott asked a boy. Head down, he mumbled: “Yuh.” Instead of moving on, she gave him a nudge. “Say it confident, because […]
In South Korea, free subway rides for the elderly become a political headache Every day, 71-year-old Park Gyung-sun delivers flowers, documents and other packages around Seoul – a job popular among senior citizens who are entitled to ride the city’s subways for free. The work, dubbed “silver delivery” in South Korea, earns Park, a former […]
Ford Motor Co. is planning to slash 3,800 jobs in Europe over the next three years to lower costs and boost profits as it continues to shift toward electric vehicles, the auto maker said on Tuesday. The bulk of the job cuts would primarily hit Ford’s European product development staff, reducing the number of Europe-based […]
Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant Mattel (MAT) announced Monday that Barney, the friendly (and, let’s be honest, cringe-worthy to a large group of Millennials who watched him as pre-schoolers, and to their parents) purple dinosaur is making a triumphant […]
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 […]
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 […]