Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The market rally showed strength Thursday, with China stimulus hopes giving a big lift to stocks, commodit...
Tag: Jobs
Trio of JP Morgan Execs Leave For Crypto Jobs
Even as crypto firms shed workers and seek bankruptcy protection in a brutal market downturn, executives from traditional finance are still heeding the siren song of Web3. Former JP Morgan executives ...
Hot job market and Great Resignation persist despite recession threat
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. De...
Number Of Open Jobs In U.S. Fell In May — Here’s What It Means For The Labor Shortage
Topline Job openings continued to dwindle for the second straight month, while the number of hires and discharges remained steady, according to new data for the month of May from the Bureau of Labor S...
Bullish.com becomes the latest crypto exchange to cut jobs
Bullish, a crypto exchange serving institutional clients, has joined rivals in making layoffs as the market struggles with an ongoing period of weakness. Fewer than 30 staff members have lost their jo...
Forget restaurants and retail — teens are seizing the jobs they want as ‘desperate’ employers try to fill seats
Forget restaurants and retail — teens are seizing the jobs they want as ‘desperate’ employers try to fill seats With unemployment hitting new lows, employers are turning over rocks these d...
Recession Fears Continue to Rock Markets Even as June Jobs Report Draws Nearer
Amid talks of a recession and contracting markets, economists expect the upcoming jobs report will show an additional 250,000. Investors and market observers continue to show fears of a likely recessi...
June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week
Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic release...
Abra becomes latest crypto firm to cut jobs
Abra, a crypto trading and lending platform, slashed a dozen jobs this week, two sources familiar with the matter told The Block. When contacted, Abra CEO Bill Barhydt confirmed the layoffs to The Blo...
Hong Kong’s OSL becomes the latest crypto exchange to cut jobs
OSL, a licensed crypto exchange based in Hong Kong, has become the latest crypto exchange to cut jobs — joining rivals including Coinbase, Gemini and BitMEX. The company has trimmed between 40 and 60 ...
Tesla to Close San Mateo Office as 200 Staff Prepares to Lose their Jobs
American multinational electric vehicle manufacturing company, Tesla Inc is set to shut down its office in San Mateo, a move that will cost 200 of the EV maker’s staff to lose their jobs. As reported ...
Clean Energy Jobs Are Booming, Making Up For Rising Fossil Fuel Unemployment
Memo to job-seekers: The United States’ clean energy industry is hiring, faster than the overall national economy, and it’s paying above-average wages. The 2022 U.S. Energy and Employment Report (USEE...
Novartis Will Cut 8,000 Jobs Under CEO’s Shake-Up Plan
Text size Vasant Narasimhan, CEO of Novartis. ERIC PIERMONT/AFP/Getty Images Pharmaceutical giant Novartis said Tuesday it will lay off more than 7% of its workforce, just a few months after CEO Vas N...
Crypto Jobs: Who’s Cutting and Hiring?
According to the U.S. Bureau of Labor Statistics, the unemployment rate in the U.S. sits at 3.6% as of May 2022, and yet the number of large companies downsizing highlights the growing rumors concerni...
Market Downturn Hasn’t Chilled Optimism About Crypto Jobs
Against the backdrop of the price of bitcoin dropping from $30,249 on June 9 to $20,722 by Monday afternoon, the responses about how workers were paid may indicate that crypto workers can tolerate pri...
The Crypto Jobs Boom
Just a few of the high-profile jumps from the “old world” into crypto: Sherice Torres, the former chief marketing officer of Meta Platforms, Facebook’s parent company, is now the CMO of payments compa...
Wall Street layoffs likely ahead as two-year hiring boom turns to bust
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and ...
Bitfinex is not cutting jobs like other crypto assets exchange
Bitfinex and Tether, that share a parent company, haven’t any plans to cut back staff, not like a number of their rivals. Each of the companies says they’re trying to rent a lot of folks within the cu...
Rail walk-out kicks off in UK amid fears of a summer of pay strikes
Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty I...
Bybit The Latest Crypto Exchange To Cut Jobs Amid Crash: Report
Bybit is the latest crypto exchange to consider layoffs amid a crippling crypto crash, reports suggested on Monday. CEO Ben Zhou issued an internal letter to Bybit employees explaining that the exchan...
OKX Continues Hiring But BitOasis to Cut Jobs; Crypto Industry’s Disjointed Reactions to Market Turmoil
After crypto trading exchange OKX announced that it will ‘continue to hire top talent,’ UAE-based cryptocurrency exchange BitOasis has stated that it has laid off nine staffers owing to the market dow...
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversa...
Microsoft finds Gen Z is redefining the idea of work hustle
Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant f...
Teen summer workers are winning higher pay and more flexibility this year
When Jennifer Sutton opened her small business, Guest Haus Juicery, in September 2021, she turned to teenage workers to fill gaps in the hiring market. Sutton initially thought her two teen employees ...
Crypto Employees Sacked By Their Bosses Can Find Jobs With This U.S. Agency
In the ongoing crypto pandemonium, workers are losing their jobs, but Financial Industry Regulatory Authority CEO and President Robert Cook took to Twitter to announce job opportunities for those who ...
20% Of BlockFi Employees Lose Jobs Due To Crypto Market Crash
It appears that the current state of the digital market is hitting hard on the economy of certain crypto exchanges. The BlockFi cryptocurrency lending and exchange platform, Crypto.Com, and Gemini are...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation ...
Crypto.com, BlockFi to Cut Over 400 Jobs Amid Market Rout
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Some crypto firms cut jobs while others aim for sustainable growth
To put things into perspective, since November 2021, the total market capitalization of the digital asset industry has plummeted from it’s all-time high of $3 trillion to its current levels of approx....