A Mississippi-based furniture company, United Furniture Industries, has become a bad Samaritan for its employees just before Thanksgiving. The company fired almost 2,700 employees in text messages and...
Tag: Workers
Postal workers in the UK launch Black Friday strike as industrial action sweeps the country
LONDON – Strikers from the CWU Trade Union attend the picket line at Peckham Royal Mail centre on November 24, 2022 in London, England. Strikes planned for the Black Friday weekend and the run-u...
Foxconn Apologizes After Workers Revolt At World’s Largest iPhone Factory
Topline Apple supplier Foxconn on Thursday issued an apology for chaos at its Zhengzhou plant—the world’s largest iPhone factory—and offered ¥10,000 ($1,400) compensation to any disgruntled workers wh...
Google looks to shed 10,000 ‘poor performing’ workers: report
Another major tech titan is bracing for thousands of layoffs. Alphabet Inc.’s GOOGL, +1.45% GOOG, +1.53% Google is considering 10,000 layoffs — or 6% of its worldwide workforce — based on a ranking sy...
Twitter workers who committed to sticking with Elon Musk have reportedly been laid off
Elon Musk has been on a job-cutting spree since he took over [hotlink]Twitter[/hotlink] in October. First, top executives were ousted, then about half of all workers were cut in a massive purge. Last ...
Potential in India Workers Despite Market Doubts
Binance sees India as a source for a new generation of employees, despite its doubts about business developments in the country. Binance chief technology officer Rohit Wad said that India would be one...
America Bets On Semiconductor Development As Layoffs Leave Foreign H1B Workers Scrambling
Semiconductor production is coming to America getty Recent developments in the tech industry in the United States have raised questions about the future of skilled workers and U.S. immigration law. Ma...
To Boycott Or Not To Boycott?
It can seem pretty straightforward. If a business is using exploitative or forced labor, then consumers should stop supporting that business through purchases. If the company’s bottom line is impacted...
Higher 401(k) contribution limits mean little to many workers
While Americans can stash away gobs more money in their retirement accounts next year, a huge swath of workers won’t benefit from the huge increase in the annual contribution limit for 401(k)s and sim...
Tesla Texas gigafactory construction workers are suing over wage theft and dangerous conditions
The opening of Tesla’s Texas gigafactory was celebrated with a huge party led by Elon Musk in a cowboy hat and sunglasses—but those who built it have reported dangerous and exploitative working condit...
Amazon to layoff 10,000 workers as soon a this week: Report
Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tec...
US workers are earning just 12 cents more now than they did in 1972 — adjusted for inflation. Try these 3 easy hacks to make your dollar fly further
‘Something that should concern us all’: US workers are earning just 12 cents more now than they did in 1972 — adjusted for inflation. Try these 3 easy hacks to make your dollar fly further Rampant inf...
The Great Remorse takes over the Great Resignation as most workers who quit their job are having a hard time finding a new one
The latest workers to join the Great Resignation aren’t having as easy a time finding a new job as they thought it would be, and it’s leading to the Great Remorse. A new Harris Poll, as first reported...
Tech Workers Still in Demand Despite Mass Layoffs: Ripple CTO
With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted t...
Marc Benioff led Salesforce Downsizes, Lays Off Hundreds Of Workers
Salesforce, Inc (NYSE: CRM) laid off hundreds of people this week, TechCrunch reports. Salesforce said it was less than a thousand and informed the people yesterday. The news comes on the heels of act...
Salesforce Cuts Hundreds of Sales Workers on ‘Accountability’
(Bloomberg) — Salesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy. Most Read ...
Twitter is asking some laid-off workers to return: report
Twitter is reportedly looking to re-hire some people the company fired soon after Elon Musk completed a $44 billion takeover. Musk’s deal for the company saw it delisted from public trading and ...
Twitter Reportedly Asks Fired Workers To Return—Here’s What To Know About The Aftermath Of Its Mass Layoffs
Topline Around 80% of Twitter staff in India—one of the firm’s largest markets—were fired last week, while Twitter is reportedly trying to bring back some of the workers it laid off and continues to a...
Twitter sued by workers over impending layoffs they say are illegal
Twitter (TWTR) employees filed a federal lawsuit on Thursday, accusing the company of violating federal and state laws that govern notice of employment termination. The employees, based in Twitter’s S...
Last Year, Target Gave Holiday Workers A Bump In Pay. This Year: Raffle Tickets
Target is cutting back on holiday bonuses after touting a $2 per hour bump last year. Getty Images Last year, TargetTGT made a big deal out of bumping up the pay of holiday employees working the busie...
More than 1 in 4 workers making $200K or more now say they live paycheck to paycheck. So even rich people are struggling to save, and pros offer 3 solutions
As many as 93% of rural and 92% of urban consumers say they’re noticing higher prices due to rising inflation, according to a report. Getty Images/iStockphoto Making bank doesn’t mean you have loot sa...
Bangladesh Apparel Industry Looks Inward As 10th Anniversary Of Rana Plaza Tragedy Nears
A garment factory that reopened after being closed due to the Covid-19 pandemic. AFP via Getty Images Nearly a decade after the Rana Plaza disaster in Bangladesh, where 1,321 factory workers were kill...
Opinion: Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023
If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a lot of money and are close ...
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...