The second-quarter corporate-earnings season is in full swing. And Big Tech, wanting to avoid unpleasant surprises, isn’t waiting to tell investors how a sharp economic slowdown could hurt its p...
Tag: Jobs
7-Eleven cuts 880 jobs as part of restructuring
Peter Parks | AFP | Getty Images Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisiti...
Dubai Crown Prince Plans To Provide ‘Virtual Jobs’ To 40,000 People
Dubai is ramping things up in the virtual stratosphere with the promise of jobs to its constituents. In a recent strategy unveiled by Dubai’s crown prince, Sheikh Hamdan bin Mohammed, it was said that...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
Goldman Sachs looking at reinstating year-end job cuts as economic outlook dims
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Goldman Sachs has slowed its hiring and is looking to cut the fees that it...
Sweden says Bitcoin miners do not create jobs despite high energy demands
The energy minister of Sweden, Khashayar Farmanbar, does not agree that giving power to Bitcoin miners is feasible. Farmanbar said it was better to give energy to job-creating projects such as steel p...
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost
Private-sector payrolls exceeded prepandemic levels in June, taking just over two years to close a 21 million job gap that was created in the spring of 2020 and reshaping the labor market in the proce...
Customer service suffers at short-staffed restaurants as Covid takes toll
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables ...
Vacasa Eliminates 25 Sales Jobs After Hiring Binge
Shown here is a vacation rental in Key West, Florida, that was offered for booking by Vacasa. The company is reorganizing its sales force. Vacasa Property manager Vacasa reorganized its sales departme...
Starbucks Store Closings Spark Dispute With Unionizing Employees
Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
Dunamu, Korean fintech, to create 10k jobs amid crypto bear market –
Dunamu is wanting to contribute 500 billion won ($380 million) to make around 10,000 new Web3 occupations in the following five years It is a significant fintech firm in South Korea that works crypto...
Peloton competitor Tonal cuts 35% of jobs ahead of possible recession, IPO
Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon‘s Alexa fund as backers, is cutting 35% of its workforce...
JPMorgan loses 3 executives to crypto industry jobs
Three executives of JPMorgan, Eric Wragge, Samir Shah, and Puja Samuel, left the financial giant last week for jobs in the crypto industry. JP Morgan, the most powerful bank in the world, the bank tha...
Dunamu to Create Over 10,000 Web3 Jobs within Five Years
Dunamu plans to open offices across major cities, including Busan, Gwangju, Daegu, and Daejeon. These offices will be accessible for local customers to consult on their crypto investments. Despite the...
Report: Upbit Parent Company Dunamu Reveals Plan To Create 10,000 Jobs With $380 Million Investment
– Advertisement – Upbit parent company reveals expansion and investment plans despite market conditions. On Tuesday, leading Korean Fintech company Dunamu, operators of leading Korean cryp...
Korean Fintech Giant Dunamu to Create 10,000 Web3 Jobs and Invest $380 Million (Report)
Dunamu – the company behind South Korea’s leading crypto exchange Upbit – plans to invest 500 billion won ($380 million) in the next five years and create approximately 10,000 new job positions. Expan...
Microsoft Cuts Jobs in Structural Adjustment, Plans More Hiring
(Bloomberg) — Microsoft Corp. cut some jobs on Monday as it realigned business groups and roles after the close of its fiscal year on June 30. It said it plans to keep hiring for other roles and...
Korean fintech giant plans to create 10K Web3 jobs amid bear market
Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to create ab...
Millions get jobs as GDP falls
This story was originally published on TKer.com. When we were younger, there was a point when someone told us that a recession was defined as two consecutive quarters of negative GDP growth, as measur...
Involuntary part-time worker numbers dip to lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according...
U.S economy added 372,000 jobs in June: ‘no sign of a recession’
S&P 500 is in the green on Friday after the Bureau of Labour Statistics said the U.S. economy added 372,000 jobs in June versus 250,000 expected. Jason Furman reacts to the jobs report At 3.60% (i...
Stocks turn positive as investors weigh strong jobs data
Stocks clawed back into positive territory Friday after opening lower following June employment data that topped expectations. The US economy created 372,000 jobs in June while the unemployment rate h...
Stocks Fall After U.S. Economy Adds Back 372,000 Jobs In June
Topline The stock market opened slightly lower on Friday despite solid gains earlier this week, as investors assessed a stronger-than-expected jobs report amid ongoing fears that the Federal Reserve’s...
USD/CAD forecast as Canada and US jobs data diverge
The USD/CAD price jumped on Friday after the diverging jobs numbers from the United States and Canada. The pair rose to a high of 1.3078, which was the lowest level since May 13th. It has risen by mor...
Labor Market Added 372,000 Jobs In June As Layoffs And Recession Fears Grow
Topline The U.S. labor market—one of the economy’s strongest pillars during the pandemic recovery—added back 372,000 jobs in June, performing better than economists projected amid concerns the Federal...
Stock futures are slightly lower ahead of key jobs report
A trader walks on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Michael Nagle | Bloomberg | Getty Images Stock futures slipped in overnight trading follo...
Stock Outlook Brightens as Jobs Stay Strong, Commodities Prices Decline
Text size The jobless rate held steady at 3.6% in June. Above, looking for work at a job fair in Florida. Joe Raedle/Getty Images The economy looks resilient, and inflation is coming down. That combin...