The Companies Cutting Jobs in 2024: Here’s the List
Updated Jan. 12, 2024 2:03 pm ETListen to article(1 minute)Some companies are kicking off the new year by trimming staff...
lay-offs
Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief
Updated Jan. 9, 2024 11:43 am ETRent the Runway is putting in place another restructuring plan that includes cutting about...
How the Push for Diversity at Colleges and Companies Came Under Siege
The management philosophy known as DEI, which had gathered momentum since 2020, has been under siege over the past year...
Big Four Accounting Firms Overhired. Now They’re Starting to Lay Off Partners.
An Ernst & Young senior partner, during a call with some of the accounting firm’s U.S. partners and staff, delivered...
Tech’s New Normal: Microcuts Over Growth at All Costs
The tech industry has largely recovered from the downturn, but Silicon Valley learned a long-lasting lesson: how to do more...
TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.
SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy...
Maersk to Cut 10,000 Jobs as Cargo Boom Ends
Updated Nov. 3, 2023 8:16 am ETShipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs,...
Meatpacking Plant Closures Cut Deep for Small-Town Economies
Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the...
Big-Company Bankruptcies Hang Over Economy
Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link
Walgreens Chief Executive Rosalind Brewer Steps Down
Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator. Source link
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
CVS to Shed 5,000 Jobs in Cost-Cutting Push
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants. Source link
How the U.S. Economy Is Sticking the Soft Landing
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Biogen Buying Rare-Disease Drugmaker in $7.3 Billion Deal
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link
These Businesses Are Getting Hit Hard by China’s Faltering Economic Recovery
The government in Beijing has pushed banks to extend loans to small businesses, with limited success. Source link
Lots of Hiring, but Not So Much Working
Companies are resisting layoffs even as economic weakness looms. Source link
Retailers Are Shrinking Logistics Operations in a Changing Consumer Market
Some companies are dropping distribution centers as warehouse employment reaches a 17-month low. Source link
U.S. Job Openings Rose in April, Reversing Three Months of Decline
Employers reported a seasonally adjusted 10.1 million job openings in April, up from a revised 9.7 million in March. Source...
China’s Recovery Slows Further as Factory, Services Activity Pulls Back
China’s factory activity contracted for a second straight month while growth in the services sector slowed. Source link
Thousands of Jobs Were Added in April—Even in Industries With Layoffs
Hiring held up in tech, construction and manufacturing as the labor market continues to boom. Source link
