New applications for US unemployment benefits fell last week, showing that layoffs remain low despite rising costs and economic uncertainty. The latest data suggest that the US labour market is still stable, even as companies remain careful about hiring new workers, according to a report from the US Labor Department. US jobless claims stay below … Read more
Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce. The layoffs are part of a restructuring aimed at reducing management layers, cutting costs and making the … Read more
Karl Ravech tenure ESPN It seems to be coming to an end. The veteran Sunday Night Baseball announcer is expected to be fired as part of ESPN’s massive layoffs, according to multiple reports. ESPN veteran Karl Lavezzi is expected to be fired in another round of layoffs. (ESPN) Andrew Marchand of The Athletic reported the … Read more
Microsoft Xbox As part of a major restructuring to improve the gaming business, 3,200 jobs, or about 20% of Xbox’s workforce, will be cut next year. As part of the overhaul, Xbox will also spin off five game development studios. Microsoft Xbox will lay off 3,200 people and spin off 5 studios (Unsplash/Representative photo) (Unsplash) … Read more
Mark ZuckerbergMeta plans to cut 10% of its workforce in May. The company’s decision will affect approximately 8,000 employees, according to Bloomberg. Employees were informed of the development in an internal memo shared by Meta chief people officer Janelle Gale. The decision comes amid the company’s increased spending on artificial intelligence (AI) projects. Meta reportedly … Read more
Layoffs continue to impact workers across all industries, leaving many families unsure of their next steps. X Users were quick to react to the post, with many praising the power of the web and calling the experience both inspiring and reassuring. (Pexels/Representative Image) from science and technology From corporations to startups, layoffs have become a … Read more
New Delhi: At a time when major IT companies are announcing a massive crackdown, layoffs Oracle recently reportedly laid off 12,000 employees in India, and a new study suggests a less obvious consequence: It’s not just workers who are affected, but also their parents, with adult children losing their jobs linked to a rise in … Read more