(Bloomberg) — Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, ...
Tag: Jobs
Fed approves another jumbo interest-rate hike but also signals go-slower strategy
The Federal Reserve on Wednesday approved the fourth straight jumbo increase in a key U.S. interest rate and signaled rates are likely to go higher than previously forecast. Yet the central bank also ...
ADP jobs report October 2022
Private payroll growth held strong on October while worker pay rose as well, particularly in the leisure and hospitality industry, according to a report Wednesday from payroll processing firm ADP. Com...
Weak Jobs Report Results in Further Dips for BTC
Bitcoin fell again in mid-October following the release of a jobs report that showed the Labor Department adding less than 264,000 jobs during the previous month of September. This was considerably le...
Apple’s Big Problem Gets Bigger
Apple (AAPL) has been one of the big surprises of the current quarterly earnings season so far. The manufacturer of the iPhone and the iPad managed to thwart the most optimistic forecasts during th...
Crypto, Equities in for Volatile Week Ahead of Fed Decision, Jobs Data
Fed still expected to raise rates by 75 basis points Stocks are going to move on the news, and crypto is likely to follow, analysts say After a promising comeback in October, crypto and equities edged...
Federal Taxes Will Hit a Lot More People This Year
Few things are more pleasant that when an accountant runs through what you’ve earned and paid and confirms that you will not owe any extra taxes in April. On the other hand, few things are worse...
Elon Musk Starts Cutting Jobs at Twitter
(Bloomberg) — A handful of people posing as Twitter employees departed from the company’s San Francisco headquarters carrying boxes of belongings. Inside the company, Slack channels lit up with ...
Musk Tells Twitter Employees He Doesn’t Plan to Cut 75% Of Jobs
(Bloomberg) — Elon Musk told Twitter Inc. employees on Wednesday that he doesn’t plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter. Most R...
Maven, women-focused health startup, is booming in post-Roe world
Women account for half of consumers, hold power over 80% of household financial decisions and make 70% of health-care-related decisions in their families – but their access to proper health care often...
Seagate to Cut 3,000 Jobs, Faces Charge of Violating Sanctions
(Bloomberg) — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s eliminating about 3,000 jobs and that big buyers of technology are cutting orders on concerns ...
Philips to cut 4,000 jobs ‘immediately’ after bigger-than-expected loss
Royal Philips NL, +3.00% PHIA, -3.97% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announ...
Competition For The Hottest Jobs Is Increasing: Here’s How To Win
Competition is fierce but you can get a running start. getty The economy is tightening, and competition for jobs is heating up. Within this context, you’re smart to know which jobs are most in demand ...
Workers who switched jobs during the ‘Great Resignation’ are now worried about keeping their new ones
Americans who switched jobs during the pandemic did so for better salaries, benefits, and work-life balance. Many may have also traded in their job security. Nearly 40% of working Americans changed jo...
Workers are disengaged from their jobs — but don’t blame remote work. The real cause lies elsewhere.
Worker disengagement is increasing no matter where a person does their job, whether that’s in the office, at home, or a hybrid of both. And just because people are showing up to the job in person, it ...
How much small business owners should pay themselves
Many small business owners have trouble figuring out an appropriate take-home pay as the company expands, and some don’t pay themselves at all. These mistakes can easily come back to bite the founder ...
For GM auto union workers, there’s still a lot to learn about EVs
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...
Bitcoin Firm NYDIG Slashes 110 Jobs Amid Ongoing Crypto Bear Market: Report
Bitcoin services company New York Digital Investment Group (NYDIG) has slashed about a third of its headcount, according to a Thursday report by The Wall Street Journal, citing people familiar with th...
Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs – News Bitcoin News
The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from the ...
Amazon Sends New Warnings About the Economy
Amazon (AMZN) is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The e-commerce giant, which is one of the barometers of the health of th...
BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one — here’s why
BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one — here’s why The latest jobs report shows that the U.S. ...
What Is The ADP Jobs Report? Here’s What Investors Need To Know
| getty Key Takeaways The ADP report is one of two jobs reports investors absolutely need to pay attention to. Strong jobs numbers could lead to a stock market rally, while a weak report is likely to ...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, according to a repor...
IBM’s former CEO downplays the importance of a college degree for six-figure earning ‘new collar’ jobs that now make up half of its workers
A four-year bachelor’s degree has long been the first rung to climbing America’s corporate ladder. But the move to prioritize skills over a college education is sweeping through some of America’s larg...
U.S.-Canada Inter-Corporate Transfers The Best Immigration Option
Americans and Canadians have a special advantage when it comes to inter-corporate transfer work visa … [+] applications. getty One of the best work visas for managers and executives who want to ...
Brace for Mortgage Rates to Climb Higher After the Jobs Report
Text size A housing development in Pearland, Texas. Brandon Bell/Getty Images The rising cost of buying a home has cooled the market this year. In a roundabout way, Friday’s jobs report will add to ho...
Bitcoin declined after the jobs report, but crypto prices show comparative stability
The crypto market declined with stocks after the highly expected jobs report displayed that labor is tight even now and may keep the Federal Reserve on course to increase rates extensively. As per th...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...