2023-01-24 20:49:48

Employers cut 35,000 temporary jobs last month. Economists say it may be a preview of whats to come: For me, its a...

Fortune

By Will Daniel

Federal Reserve researchers have shown that temporary worker layoffs have, in past recessions, preceded those in the overall labor market by 6 to 12 months."

#pastrecessions #layoff #labormarket #12months

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Business / FinanceBy Coco Feng2023-01-24 00:30:12

Chinese tech workers on visas struggle under Silicon Valley lay-offs

More than 152,000 technology workers were laid off last year, according to Layoffs.fyi, a website that tracks global job cuts in tech companies Most foreign...

#techworkers #newemployment #technologyworkers #workvisas

Business / FinanceBy Morwenna Coniam2023-01-23 21:47:26

Google CEO stands by his decision to lay off 12,000 workers and says it was necessary to avoid making the problem...

Google said on Friday that it would cut about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring.

#google #techgiant

Business / FinanceBy Rtt News2023-01-24 07:56:01

Ford To Reportedly Cut 3,200 Jobs In Europe

(RTTNews) - Ford Motor Co. seems to be the latest corporate major to join the ongoing layoffs with plans of cutting 3,200 jobs across Europe, mainly in...

#ford #reuters #management #ceo #microsoft

TechnologyBy Rohan Goswami2023-01-24 14:04:01

Uber Freight cuts 150 jobs, about 3% of the unit's headcount

Key Points Uber Freight laid off 150 employees on Monday, or 3% of the unit's total headcount, according to a message viewed by CNBC. The cuts come after CEO...

#ceo #msft #technology #revenue #amazon

Technology2023-01-23 21:05:41

Amazon is cutting 143 workers in Greater Los Angeles

Weeks after the company warned of wider layoffs than it previously forecast, it spelled out the specifics to state employment officials.

#amazon #layoff #specific

Business / FinanceBy Will Daniel2023-01-23 17:32:22

A top tech analyst just warned another 15% to 20% of big tech employees could be laid off over the next 6 months

Ultimately, it keeps coming back to, simply, these companies added too many people too fast, Deepwater Asset Managements Gene Munster said on Monday.

#management #genemunster

Business / FinanceBy The Associated Press2023-01-20 19:46:23

Tech layoff are piling up as the industrys years-long hiring spree goes into reverse

Microsoft, Google, and Amazon have all cut more than 10,000 jobs each in the past month.

#microsoft #google #amazon

Business / Finance2023-01-24 15:47:16

Global manufacturer with four Wisconsin plants will cut 2,500 production jobs

"We expect macroeconomic challenges to persist in 2023, CEO Mike Roman said.

#ceo #macroeconomicchallenges

Business / Finance2023-01-24 13:13:39

3M will cut 2,500 jobs after missing fourth-quarter profit estimates

3M Co. said fourth-quarter sales fell 6% in the fourth quarter and expects another slide this year. "We expect macroeconomic challenges to persist in 2023,...

#ceo #macroeconomicchallenges #roman

TechnologyBy Ashley Carman2023-01-23 02:13:47

Spotify Will Cut About 6% of Jobs in Latest Tech Layoffs

Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to...

#bloomberg #600employees #technologysa #spotify #tech

PoliticsBy Associated Press2023-01-22 21:37:14

Survey: Firms Expect Job Cuts in '23 Amid Recession Fears

NEW YORK (AP) A survey of national economists found that more businesses now expect job reductions at their firms and to spend less on expansions for the...

#pandemic #economy #president #onesign #widespreadconcern

Business / Finance2023-01-24 13:27:01

Hanesbrands cuts jobs in Winston-Salem

Hanesbrands confirmed the layoffs but did not say how many local employees were affected.

#localemployees

TechnologyBy Jessica Karl2023-01-23 22:34:24

Big Tech Is Going to Regret All These Layoffs

This is Bloomberg Opinion Today, a public punching bag of Bloomberg Opinion’s opinions. Sign up here. It feels like Big Tech is going through a midlife...

#bloomberg #opinion #microsoft #bigtech #punchingbag

Technology2023-01-24 20:54:27

Google is cutting 346 workers in the Bay Area, including at the Googleplex

Less than a week after Google announced it was slashing 12,000 workers, it laid out just how many would be cut in the Bay Area and statewide.

#google #bayarea

Business / FinanceBy Tristan Bove2023-01-23 23:22:55

Former Google worker recorded a before-and-after of her layoff in dueling TikTok videos that went from free food and...

Thousands of Google staff were laid off last week, and one employee documented the chaos.

#google #oneemployee #chaos

Business / FinanceBy Leah Montebello2023-01-20 21:56:20

Tech jobs bloodbath rockets to 200,000

The total number of tech layoffs has reached over 200,000 in the past year as Google added to the Silicon Valley bloodbath. Since the start of 2022, around...

#bloodbath #google #facebook #twitter #revenue

Business / FinanceBy Benjamin Mullin2023-01-24 19:31:14

Washington Post Lays Off 20 Journalists

A further 30 open positions will not be filled. The overall size of the newsroom is expected to return to its current level after The Post makes new hires in...

#WashingtonPost #money #amazon #clearexplanation #journalist

Business / FinanceBy Cna2023-01-18 14:22:17

Microsoft to cut 10,000 jobs as tech layoffs intensify

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide :Microsoft...

#software #mediapublications #computermarket #pandemicboom #shareprofit

Technology Press Release2023-01-24 15:47:00

Josh Bersin Company Predicts a Year of Massive Change and Offers Recommended Peremptory Actions in Comprehensive...

Economic slowdown coupled with worker burnout and very tight labor market force companies to focus on productivity, simplification, and job redesign...

#massivechange #market #ceo #pandemic #inflation

Business / FinanceBy Steve Mollman2023-01-22 22:50:17

Layoffs etiquette: Microsoft and others are showing us what not to do when eliminating jobs

Theres no good way to eliminate thousands of jobs. But some ways are worse than others.

#goodway #microsoft