Amazon to cut about 14,000 corporate jobs in AI push
Amazon said it will reduce its global corporate workforce by about 14,000 people in a major shakeup driven in part by adoption of AI.
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US job growth blows away expectations in December, unemployment falls
The US job growth unexpectedly exceeded expectations in December, with the unemployment rate declining and an addition of 256,000 jobs last month, ac…
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Nissan plans 9,000 job cuts, slashes annual profit outlook
Nissan Motor said it will cut 9,000 jobs and 20% of its global production capacity. Japan’s third-largest automaker joins a growing number of foreign…
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Boeing to cut 17,000 jobs as strike hits finances
Boeing will cut 17,000 jobs, 10% of its global workforce, and delay first deliveries of its 777X jet by a year, as the plane maker deals with a month…
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US job openings rebound in August, hiring soft
US job openings unexpectedly increased in August after two straight monthly decreases, but hiring was soft and consistent with a slowing labor market…
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US job growth until March fell short of expectations
US employers added far fewer jobs than originally reported in the year through March, the Labor Department said, underscoring the growing concerns th…
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Big job losses coming at Deutsche Bank
Deutsche Bank, Germany's biggest bank, seeking to put years of turmoil behind it and focus on steadier retail banking, reported a 30% drop in fou…
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UPS to cut 12,000 jobs, trim $1 billion in costs
The world's largest parcel delivery company, UPS plans to cut 12,000 jobs in a move the company said will help save it $1 billion after a 'di…
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US stocks end higher ahead of inflation, jobs data
Wall Street's main indexes ended higher, ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's i…
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US jobless claims fall as labor market remains tight
A report from the labor department showed the number of Americans filing new claims for unemployment benefits fell last week despite aggressive inter…
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US job growth slows but wages remain strong
The US economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued …
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US job openings unexpectedly rise in April
US job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that …
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US weekly jobless claims increase, producer inflation subsides
The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market condit…
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Amazon to cut 9,000 additional jobs
Amazon said it would slash another 9,000 jobs to manage economic uncertainty. The cuts will be concentrated in Amazon’s cloud services, advertising a…
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Meta to cut 10,000 jobs in second round of layoffs
Facebook-parent Meta Platforms said it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layof…
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Ford job cuts plan triggers Europe strike threat
Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said, vow…
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Spotify to shed 6% of workforce
Spotify said it plans to cut 6% of its workforce, adding to the massive layoffs in the technology sector over recent weeks.
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Microsoft to cut thousands of jobs, reports say
Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media r…
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U.S. adds 223K jobs in December, but wage growth slows
The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a low of 3.5% as the labor market remains tight, but F…
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Salesforce to cut staff by 10% in latest layoffs
Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with ‘too many …
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