Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
By Sarah Chaney Cambon and Ray A. SmithFeb. 9, 2023 8:01 am ETListen to article(2 minutes)Interest rates are rising, inflation...
redundancies
Dell to Lay Off More Than 6,500 Workers or 5% of Workforce
The computer maker said it is reorganizing certain teams as market conditions continue to erode. Source link
Honeywell Revenue Rises 6% as Company Signals Slowing Growth
BusinessEarningsManufacturer predicts growth will slow in its initial 2023 outlook after challenging year Source link
U.S. Job Openings Jumped at End of Last Year
Demand for workers has been elevated since mid-2021. Layoff totals increased slightly in December as some companies announced job cuts....
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
Memory-Chip Makers Face a Prolonged Price Slump
Prices of the chips are expected to keep falling in the first half of 2023, putting more pressure on an...
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming...
Spotify to Cut 6% of Workforce in Latest Tech Layoffs
TechStreaming company says move is part of broader cost-cutting measures Source link
How Apple Has So Far Avoided Layoffs: Lean Hiring, No Free Lunches
The iPhone maker’s workforce grew 20% in the past three years, a far slower pace than rivals. Source link
Microsoft Plans to Announce Layoffs as Early as Wednesday Morning
The software giant would join other tech companies that since the start of the new year have trimmed their ranks....
Tech Industry Reversal Intensifies With New Rounds of Layoffs
TechCompanies that grew rapidly during pandemic are now reducing spending and staffing, sometimes repeatedly Source link
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Stitch Fix to Cut 20% of Salaried Jobs, CEO Stepping Down
The personal shopping and styling company’s chief executive, Elizabeth Spaulding, had been in the position for less than 18 months...
WSJ News Exclusive | Amazon Layoffs to Hit Over 17,000 Workers, the Most in Recent Tech Wave
WSJ News ExclusiveTechCuts focused on the company’s corporate staff exceed earlier projection Source link
Job Openings Held Nearly Steady in November, Showing Still-Strong Labor Demand
The historically high levels of available positions showed demand for labor remained strong at the end of 2022. Source link
WSJ News Exclusive | Laid Off Tech Workers Quickly Find New Jobs
Most laid off workers in tech are finding jobs shortly after beginning their search, as employers continue to scoop up...
Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory
The car maker said it would idle the 1,350-employee assembly plant in February, resulting in “indefinite layoffs.” Source link
WSJ News Exclusive | PepsiCo to Lay Off Hundreds of Workers in Headquarters Roles
WSJ News ExclusiveBusinessSnacks and beverages giant tells staff it is trimming roles in North America Source link
From CNN to Paramount, Perfect Storm in Media Propels Layoffs
BusinessMedia & MarketingEntertainment and publishing firms look to cut costs amid streaming losses and ad slowdown Source link
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
