Gen Z are less likely to favor fully remote working compared with millennials and boomers
Since the pandemic, working from home has not only endured as a pretty standard practice for office-based companies, but also remains a requisite for some job seekers accustomed to having at least som...
How big, and how common, are jobs data revisions?
After months of strong showings, July’s job numbers came in weak last Friday, with the US economy adding just 73,000 jobs last month, below the 104,000 forecast. But the bigger surprise came after the...
Boeing’s second strike in a year begins as 3,200 fighter jet workers walk off the job
Less than a year after narrowly securing a deal to end a two-month strike by 33,000 machinists, finds itself with another strike on its hands. About 3,200 members of the International Association of ...
Trump fires BLS commissioner over disappointing jobs report
President Trump said Friday that he directed his team to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, after the agency released jobs numbers that were below Wall Street’s...
Boeing could face another sizable labor strike, this time in its defense business, next week
Eight months after narrowly securing a deal to end a seven-week strike by 33,000 of its union machinists, is again preparing for a potential walkout. More than 3,200 union factory workers that build ...
Intel’s job cuts can’t distract Wall Street
Usually job cuts are just the thing to warm Wall Street’s heart. But disclosure that it plans to shed more than 20,000 additional jobs by the end of the year — made as part of its Q2 earnings report ...
Another top executive — VP of North American sales — leaves Tesla
Troy Jones, a 15-year vet and VP of sales, service, and delivery in North America, has left the company, The Wall Street Journal reports . His is the latest in a string of high-profile exits at Tesla...
Solid jobs report helps US stocks end week on a high note
A solid June nonfarms payrolls report, with the unemployment rate unexpectedly dipping to 4.1% , was all US stocks needed to end the holiday-shortened week on a strong note. The S&P 500 rose 0.8% whil...
A surprisingly strong June jobs report puts recession calls and Fed cuts on ice, for now
Start your long weekend, go to the beach, fire up your barbecue: A surprisingly solid June nonfarm payrolls report suggests the US labor market isn’t doing nearly as bad as the grind higher in continu...
Job losses from AI are here now, and Ford’s CEO thinks “literally half” of white-collar jobs are at risk from AI
What used to be cautious optimism in tech is now turning into blunt warnings from CEOs across industries: AI is coming for white-collar jobs, and the cuts could be deep, according to a new Wall Street...
Report: Microsoft plans to cut 9,000 jobs
plans to kick off its new fiscal year by laying off 9,000 workers, according to a report from CNBC. The report said that the cuts will be spread across multiple regions, teams, and experience levels....
CEO Elon Musk takes over Tesla’s US and European sales amid executive departure
Billionaires — they’re just like us. They beef with their former bosses and, sometimes, when colleagues leave they have to pick up the slack without backfilling the position. CEO Elon Musk is taking ...
Zuckerberg announces new AI hires for “Meta Superintelligence Labs”
CEO Mark Zuckerberg officially announced the initial roster of AI researchers that he recruited away from his competitors . In an internal memo to employees, Zuckerberg said the new team will be calle...
More Americans are out of work longer, as employers hold back on both hiring and firing
America’s job market is in a “hire less, fire less” mode — and even that “fire less” might not last. According to the US Labor Department, continuing jobless claims — the number of people still collec...
OpenAI “recalibrating comp” to keep Meta from poaching more AI talent
OpenAI is hoping to fight back against , which is using its deep pockets to poach talent. Wired reported that OpenAI Chief Research Officer Mark Chen said in a memo on Saturday that the ChatGPT maker ...
Rivian is reportedly laying off some of its manufacturing team
EV maker is laying off about 140 employees, or 1% of its workforce, according to reporting by TechCrunch. The majority of the cuts have affected the company’s manufacturing team to “improve operation...
After more than a year and a half, Ford is increasing its RTO policy by one day
Return to office policies are officially still in flux, folks. , which has had a three-day RTO mandate since February 2024 , will order employees back to the office for four days beginning in Septembe...
Wall Street cheers as Bumble lays off 30% of its staff
is up more than 18% after it announced that it was laying off nearly a third of its staff, a cost-cutting measure that sparked some investor confidence in the troubled women-focused dating app. Bumble...
Microsoft is planning its fourth major round of Xbox layoffs since January 2024
managers are expecting a major round of layoffs at Xbox next week, according to reporting by Bloomberg. The cuts will coincide with the end of the company’s fiscal year. The layoffs will mark the four...
Microsoft reportedly laying off thousands more, especially in sales
Fresh off the heels of more than 6,000 layoffs announced last month , is looking to slash its workforce even further. Bloomberg reports that the tech giant is planning to announce thousands more cuts...