labor

ECB: No Evidence That AI Has Led to Job Cuts … Yet
ECB: No Evidence That AI Has Led to Job Cuts … Yet
November 28, 2023  |  artificial intelligence

A new report says fears that artificial intelligence will end human employment might be overblown. The study, published Tuesday (Nov. 28) by the European Central Bank (ECB)...

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Job Market Softens As Ongoing Unemployment Claims Rise
Job Market Softens As Ongoing Unemployment Claims Rise
November 16, 2023  |  Economy

The “durable” job market economists had been touting all year now seems a bit softer. New employment figures from the U.S. Labor Department released Thursday (Nov. 16)...

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Klarna Union Employees Could Go on Strike Next Month
Klarna Union Employees Could Go on Strike Next Month
October 26, 2023  |  BNPL

Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will...

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Customers Not Sold on Restaurant Tech
Customers Not Sold on Restaurant Tech
October 06, 2023  |  ResTech

As restaurants tap technology to weather their labor challenges, PYMNTS Intelligence suggests that consumers may be growing frustrated with the depersonalization of the experience. By...

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Food Chains Tap Robots to Streamline Meal Prep Amid Quality Concerns
Food Chains Tap Robots to Streamline Meal Prep Amid Quality Concerns
October 04, 2023  |  ResTech

From robotic grills, faster blenders and drone delivery, restaurants across the globe are turning to automation to tackle rising labor costs, improve efficiency and boost...

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Instant Digital Tip Access Offers Hospitality Industry Retention Solution
Instant Digital Tip Access Offers Hospitality Industry Retention Solution
September 14, 2023  |  Digital Payments

The travel and hospitality industry is experiencing a resurgence in revenue as it emerges from the impact of the COVID-19 pandemic. And to enhance the...

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Ripple Will Look Beyond US For Bulk of Its Workforce
Ripple Will Look Beyond US For Bulk of Its Workforce
September 14, 2023  |  Cryptocurrency

If you want to work for Ripple, your chances are better outside the U.S. In an interview with Bloomberg Television Wednesday (Sept. 13) at the Token2049 conference in...

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Lawmakers Demand Answers from AI CEOs on Working Conditions
Lawmakers Demand Answers from AI CEOs on Working Conditions
September 13, 2023  |  artificial intelligence

Sen. Edward J. Markey and Rep. Pramila Jayapal have led several colleagues in demanding answers from CEOs of leading artificial intelligence (AI) companies regarding the working conditions of their...

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Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023  |  Economy

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to...

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