Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDIC

Staff of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal Deposit Insurance Corp, the regulator that took control of the collapsed lender on Friday, Reut...

GM to Axe Hundreds of Jobs. But It’s Not About Cutting Costs.

General Motors is cutting salaried and executive staff positions, after saying earlier this year that it didn’t plan layoffs. GM (ticker: GM) representatives on Tuesday said the cuts affected a small ...

The Only 401(k) Savers Who Didn’t Lose Money in The Past Year

The only workers whose 401(k) balances grew in 2022 were the Gen Z savers still decades away from retirement, according to new data from Fidelity Investments.  While the average nest egg among Fidelit...

Amazon’s Stock Slump Is Hitting Employee Pay

It’s not just layoffs casting a cloud over Amazon Its share-price fall is also hitting employees’ pay, forcing the company to reassure its workers about the likelihood of a rebound.  Amazon ‘s (ticker...

Intel cuts pay, bonuses and other benefits while maintaining dividend

Intel Corp. continues to cut costs for everything except payments to investors. Intel INTC, +2.87%, which is already in the process of cutting what is believed to be thousands of jobs amid steep decli...

I’m still working at 75: Do I need to take RMDs from my 401(k)? 

Dear Fix My Portfolio,  I retired from the U.S. Postal Service in 2004 and have a yearly pension from the Office of Personnel Management (OPM). I also work part time at a big hardware chain and have a...

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...

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....

Noncompete agreements will be a thing of the past for workers — from hairstylists to executives — if federal regulators have their way

Employers would be banned from making staff sign noncompete clauses, according to proposed rules that federal regulators say would boost worker pay and end a major drag on people who wish to change jo...

Workers in California and Washington State will get more pay transparency

Do you know how much your job is worth? Millions of Americans are finally getting the answer.  Starting Jan. 1, California and Washington state will require employers to include pay ranges with their ...

Tesla told employees not to complain to managers about pay, labor director alleges

Electric-vehicle maker Tesla Inc. ran afoul of the law when the company told employees at an office in Florida not to complain to higher-ups about pay or discuss things like hiring, a U.S. labor board...

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...

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...

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...

Opinion: How a ‘529 solution’ can give gig workers health care and retirement benefits and boost the U.S. economy

U.S. workers are increasingly combining multiple income streams, moving from job to job, starting businesses, and craving more independence and control over their time. Changes to worker benefits must...

Trump Organization CFO Weisselberg chokes up on witness stand, claims his ‘personal greed’ drove $1.7 million tax-avoidance scheme

NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...

Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant

Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...

Opinion: Your HSA can be an extra retirement savings — how to make smart choices during open enrollment

It’s open enrollment season, which means it’s time for most workers to choose benefits for the year ahead. Health insurance is one of the most popular benefits that workers review yearly, but there is...

Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds

Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...

Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...

Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation

Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...

I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?

I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...

Opinion: Ford’s job cuts are just the beginning of another EV earthquake

Electric vehicles, or EVs, promise a green automotive revolution, but this will not come without uncomfortable transitions in the labor force. Those trade-offs are coming starkly into focus, raising q...

Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs

Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...

Twitter Warns Staff of Potential Cuts to Employee Bonuses

Twitter warned staff that the size of bonus payments this year was at risk because of financial difficulties, adding to belt-tightening measures tech companies are implementing during an economic down...

Seattle CEO who cut his pay so workers could earn $70,000 minimum resigns

SEATTLE — A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation. Dan Price, the embattle...

Job switchers saw a greater increase in salary than people who decided to stay put. Here’s what’s at stake.

It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according t...

Robots are making french fries, chicken wings and more as restaurant kitchens gear up for an automated future

One of the first investments from Chipotle Mexican Grill Inc.’s venture fund Cultivate Next is in Hyphen, a San Jose, Calif.-based robotics company whose product, The Makeline, organizes digital order...

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...

Strike at Machinery Maker CNH Industrial Grinds On as Talks Stall

Negotiations between CNH Industrial NV and the equipment maker’s striking workers have hit a stalemate, deepening supply-chain problems with farm and construction equipment. Bargaining sessions betwee...

Bank of America’s Brian Moynihan: Barron’s Top CEOs 2022

Brian Moynihan, CEO of Bank of America Jason Alden/Bloomberg Text size Bank of America has emerged as one of the nation’s most resilient banks, thanks to CEO Brian Moynihan’s “responsible growth” stra...