Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall

Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...

IBM posts biggest annual sales increase in more than a decade, announces layoffs

International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Exe...

‘It is an employer’s market’: Tech layoffs may have turned the Great Resignation into the Great Recommitment

The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in...

Capital One Job Cuts Signal Trouble for IT Labor Market

IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...

Apple CEO Tim Cook asked for — and got — a major pay cut this year. Is there ever a time when some of us should accept one too? The answer is ‘yes.’

In an SEC filing, Apple announced that CEO Tim Cook will receive a big pay cut in 2023, and the filing noted that he requested the cut. mandel ngan/Agence France-Presse/Getty Images The new year is ba...

Coinbase Stock Is Soaring. It Might Be a Haven in a Wild Crypto Market.

Coinbase Global stock continued its winning streak on Tuesday, rising alongside the price of Bitcoin and on the back of a strong analyst endorsement. Coinbase (ticker: COIN) has already had a busy sta...

Tech’s Bill Is Coming Due. Investors Aren’t the Only Ones Who Will Pay.

For two years now, tech companies have spent massive amounts of money building the capacity to serve what they believed would be a higher level of postpandemic demand. If you build it, they will come....

Elon Musk says he can’t get fair trial in California in Tesla shareholder suit, wants Texas

WASHINGTON — Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. I...

Cisco layoffs begin with hundreds of job cuts in California and more expected

Cisco Systems Inc. has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley last month, according to filings with the state of California this week. Cisco executives announced...

Why Pfizer Is Pulling Back on Research Into Rare Disease, Gene Therapy

Pfizer is planning to pull back on early-stage research into treatments for rare diseases, including the development of new viral-based gene therapies, the company told employees on Thursday afternoon...

‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.

When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked.  After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...

Your Coworkers Are Less Ambitious; Bosses Adjust to the New Order

Listen to article (2 minutes) Where have all the go-getters gone?  At law firm Nixon Peabody LLP, associates have started saying no to working weekends, prompting partners to ask more people to help c...

Elon Musk Urges Tesla Workers Not to Worry About Share Price

Elon Musk told employees at Tesla not to worry too much about the company’s stock market dive over the past few days. “Don’t be too bothered by stock market craziness,” Musk wrote in an email to staff...

How Southwest Airlines Melted Down

When Southwest Airlines Co. reassigns crews after flight disruptions, it typically relies on a system called SkySolver. This Christmas, SkySolver not only didn’t solve much, it also helped create the ...

Self-Driving Startup TuSimple Slashes Staff in Bid to Right the Ship.

Autonomous driving technology company TuSimple is cutting staff in a bid to save money, preserve cash, and refocus the company headed into more difficult economic times. The company (ticker: TSP) anno...

The Secure Act Will Change Retirement Policy. 6 Big Changes That Will Soon Become Law.

Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...

6 Big Changes to Your Retirement That Are Coming

Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...

Micron Sees Late ’23 Memory Rebound. But It’s Cutting Staff And Trimming CapEx.

Micron Technology posted soft results for its fiscal first quarter ended Dec. 1, but the chip maker projected a sharp improvement in conditions for the memory market in the second half of the company’...

Tesla stock’s losing streak continues after report of hiring freeze, layoff plans

Electric-vehicle maker Tesla Inc.’s shares declined for the fourth consecutive session Wednesday, after a report of a hiring freeze and plans for layoffs. Tesla TSLA, -0.17% is planning layoffs for th...

Struggling to Find Accountants, Businesses Boost Salary Offers, Hire Temporary Workers

A deepening shortage of accountants is driving a growing number of companies to raise salaries or seek temporary help to strengthen their finance teams amid a slowing economy.  Many employers over the...

Why Companies Do Layoffs Around Christmas

As job cuts ripple through industries such as tech and media, it is hard not to notice how the holiday season is a really unfortunate time for workers to be getting pink slips.  There is arguably no g...

You’re Hired! No Interview Required in Tight Labor Market

Listen to article (2 minutes) Some employers racing to snap up workers in the tight labor market are omitting a step once considered crucial to hiring: the job interview. United Parcel Service Inc. ha...

More Economic Signs Point to a Recession and Higher Interest Rates

The Federal Reserve’s heavily telegraphed move to slow its pace of monetary-policy tightening next week risks sending a message to markets that the central bank is well on its way to reining in inflat...

Here’s what resolves the big mystery on why older Americans have left the workforce

One of the many challenges facing the Federal Reserve is that the labor force participation rate is still lower than it was before the pandemic. The fewer workers in the jobs market, the more wages wi...

Intel begins layoffs and offers unpaid leave to manufacturing workers

The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employe...

PepsiCo Cutting Hundreds of Jobs in North America: WSJ

PepsiCo is planning to cut hundreds of jobs at its North American snacks and beverages headquarters, according to The Wall Street Journal, citing people familiar with the matter and documents seen by ...

Retailers Are Cutting Jobs Instead of Hiring Help Ahead of the Holidays

The holiday season is usually a reason for stores to staff up to handle the surge of shoppers. But Friday’s jobs report showed a concerning trend: Retailers are shedding workers. According to the Bure...

Tech jobs gain despite wave of layoff announcements, but warning signs abound

The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to an analysis of U.S. ...

Apple Makes Plans to Move Production Out of China

In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people ...

China electric vehicle maker XPeng posts wider than expected 3Q loss of CNY2.38 billion ($332m)

XPeng Inc. XPEV, +6.53% said Wednesday that it expects its fourth-quarter vehicle deliveries to decline as much as 52% as the Chinese electric-car maker reported a wider loss for the third quarter. XP...

When Layoffs Happen at Tech Companies, This Position Is the First to Go

Nov. 29, 2022 10:00 am ET Listen to article (2 minutes) Companies couldn’t hire enough recruiters to help fill all of the open technology positions they had a year ago. Now many tech-talent seekers ar...

‘We see major stock markets plunging 25%,’ says Deutsche Bank

A U.S. recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researc...