Disney (DIS) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs. As a result, the media giant plans to restructure the organization into three core business segments: Disne...
Tag: Workers
Bed Bath & Beyond’s 30,000 Workers Were Key Factor in Last-Minute Deal
(Bloomberg) — Bed Bath & Beyond Inc. was just days away from filing a bankruptcy petition before a game-changing conference call on Friday with its increasingly impatient lenders. Most Read ...
Elon dodges liability, Ford falters and Rivian lays off more workers
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe ...
What all the signals from the economy mean for workers
If you’re looking to the economy to strategize your career moves in 2023, you might be better off dusting off that old magic eight ball you had in middle school. There are continued mixed signals abou...
Workers At Cleveland REI Store File For Union Election With The NLRB
Workers at REI’s store outside Cleveland, Ohio. The employees who want to unionie, stage a walkout. Courtesy of the RWDSU On January 11, a delegation of workers from the REI store in Cleveland, ...
JetBlue Ground Workers Reject Machinists’ Effort To Unionize
A JetBlue Airbus A320 taxis at Washington National Airport in November. (Photo by Daniel Slim) AFP via Getty Images The International Association of Machinists has lost its bid to represent ramp worke...
The Great Resignation was fueled by workers’ obsession with flexibility. Big Tech layoffs have scared employees reprioritizing what they need
The pandemic brought job flexibility into focus as it never has been before. Workers across a range of industries started pushing back on employers’ demands to be in the office five days a week and cl...
Chipotle hiring 15,000 restaurant workers ahead of busy spring months
A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images Chipotle Mexican Grill is seeking to hire 15,000 re...
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...
Exclusive NFT presale to treat all the hard workers, feat. Snoop Dogg and Billy Ray Cyrus
Blue-collar workers are the gears that make the world go round. They turn in a hard day’s work day after day, so there is little question that these professions hold a valuable place in society. Unfor...
Walmart Announces Raise To Average Hourly Pay To Over $17.50, Improvements To Working Conditions
NORTH BERGEN, NJ – AUGUST 23: Exterior view of a Walmart store on August 23, 2020 in North Bergen, … [+] New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surg...
In the wake of massive layoffs, tech workers reconsider their future
Company bikes sit outside an office building on Google’s Mountain View, Calif., campus. The tech giant has laid off 12,000 employees amid an industry-wide pullback in staffing. (Brian Contreras ...
Google must cut thousands more ‘overpaid’ workers, investor demands
google – JUSTIN LANE/EPA-EFE/Shutterstock Google staff are overpaid and the tech giant must cut thousands more jobs, a British activist investor has said. Sir Chris Hohn, who previously donated ...
Are remote workers lazy? Experts weigh in on Elon Musk and Marc Benioff’s productivity problem
It’s well known that Elon Musk is not a fan of remote working. The billionaire made it his first order of business to end Twitter’s “work from anywhere” policy when he took its helm. He has also taken...
Laid-off Silicon Valley workers are panic-selling their start-up shares as valuations plummet — here are 3 top tech stocks for 2023 that actually make money
Laid-off Silicon Valley workers are panic-selling their start-up shares as valuations plummet — here are 3 top tech stocks for 2023 that actually make money The white-collar recession is well underway...
Jamie Dimon says remote work ‘doesn’t work’ for bosses, young workers, or ‘spontaneity’
Since the initial pandemic lockdowns, economic conditions and recession predictions have come and gone, varying wildly. But one thing that’s remained constant: JPMorgan CEO Jamie Dimon’s opinion on re...
Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to s...
Google Cuts 12,000 Workers – 2023 Tech Layoffs Roundup
(Photo credit should read BRITTANY HOSEA-SMALL/AFP via Getty Images) AFP via Getty Images Key Takeaways Google has just announced they’ll be laying off 12,000 people in 2023 Many other tech companies ...
Schools, Trains Shut Down As Workers Protest Macron Pension Reform
Topline Everything from railways, to classrooms are on pause in France as all French unions jointly agreed to strike Thursday in opposition to the government’s recently released pension overhaul that ...
Citi is ordering its low-performing remote workers back to the office. That could be a bad sign for quiet quitters.
While Citibank promotes flexible work arrangements, workers who aren’t performing well when at home will be ordered back to their cubicles, CEO Jane Fraser told Bloomberg’s David Westin at the World E...
Frontline Retail Workers Dissatisfied And Disconnected From The Store
There’s a shortage of retail frontline workers and those that are employed are unhappy with the … [+] experience, according to a new study. Andriy Blokhin – stock.adobe.com The Covid...
Wanted: older workers for flexible and desirable jobs
A polylingual, well-connected non-executive director who spent his career running some of Europe’s biggest mail order clothing businesses is, at 93, the oldest person on the payroll of David Nieper, a...
It’s a ‘worker’s market’ as job numbers show The Great Resignation is still going strong amid recession fears
‘You need to get a raise’: It’s a ‘worker’s market’ as job numbers show The Great Resignation is still going strong amid recession fears It’s been more than a year since ...
Goldman Sachs Retrenches 3,000+ Workers, Launches Digital Asset Platform Amidst Bear Run ⋆ ZyCrypto
Advertisement     US Bank, Goldman Sachs, has announced plans to lay off 3,200 workers, starting this week. Falling 2% short of its intended cut-back, close to 629 wor...
Starbucks tells corporate workers to return to office 3 days a week
Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting dist...
Microsoft Says It Will Give US Workers Unlimited Time Off
(Bloomberg) — Microsoft Corp. said it is shifting vacation policy to give US workers unlimited time off, matching a system already in place at its LinkedIn unit. Most Read from Bloomberg The cha...
ConsenSys to lay off over 100 workers
ConsenSys is reportedly making plans to lay off more than 100 workers from its team amidst gloomy market conditions. ConsenSys is a New York-based web3 company dedicated to developing next-gen enterpr...
‘Quiet hiring’ is the opposite of quiet quitting, and workers are furious about it
First came “quiet quitting.” Then came “quiet firing.” Now, the latest silent workplace trend is “quiet hiring.” So predicts Gartner in its workplace predictions for 2023. The research advisory and co...
Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike th...