Layoffs

Shift to Gig Economy Evident as Labor Market Cools With Muted Wage Gains

Shift to Gig Economy Evident as Labor Market Cools With Muted Wage Gains
Shift to Gig Economy Evident as Labor Market Cools With Muted Wage Gains
March 07, 2025  |  Economy

Even before the pandemic, PYMNTS noted that 32% of workers participated in the gig economy in some way, either to supplement their incomes, or to...

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AI Regulations: Virginia’s AI Act Targets ‘High Risk’ AI Systems
AI Regulations: Virginia’s AI Act Targets ‘High Risk’ AI Systems
March 05, 2025  |  Artificial Intelligence

Virginia could be the second U.S. state to enact artificial intelligence (AI) regulations targeting high risk AI systems, after Colorado, according to the National Law...

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Report: Goldman Sachs to Reduce Staff by Up to 5% in Annual Review
Report: Goldman Sachs to Reduce Staff by Up to 5% in Annual Review
March 04, 2025  |  Personnel

Goldman Sachs reportedly plans to cut 3% to 5% of its staff in an annual review process. The cut would amount to about 1,395 jobs and...

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Grubhub Cuts 20% of Staff Following Purchase by Wonder
Grubhub Cuts 20% of Staff Following Purchase by Wonder
March 02, 2025  |  Aggregators

Weeks after being acquired by another food delivery platform, Grubhub is eliminating around 500 jobs. The company was sold last year by European firm Just...

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UnitedHealthcare to Reduce Benefits Unit Workforce While Adding Other Positions
UnitedHealthcare to Reduce Benefits Unit Workforce While Adding Other Positions
February 19, 2025  |  Healthcare

UnitedHealthcare is reportedly looking to reduce the number of employees in its benefits unit through buyouts or layoffs. The company is offering some employees in...

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CFPB Expands Layoffs to Include Dozens of ‘Term Employees’
CFPB Expands Layoffs to Include Dozens of ‘Term Employees’
February 14, 2025  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) reportedly sent termination notices to more employees on Thursday (Feb. 13). After firing some probationary employees Tuesday (Feb. 11), the...

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Mass Layoffs Hit Workers At Government Agencies
Mass Layoffs Hit Workers At Government Agencies
February 13, 2025  |  Legal & Regulation

Mass government layoffs have reportedly begun under the White House’s plan to shrink the federal bureaucracy. The firings have been happening over the last 48...

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Jobless Claims Decline by 7,000 as Labor Market Remains Stable
Jobless Claims Decline by 7,000 as Labor Market Remains Stable
February 13, 2025  |  Economy

Jobless claims dropped last week, with analysts saying the numbers show a stable labor market with a historically low number of layoffs. During the week...

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