The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). The total of 231,000 initial claims filed during the week was up from the previous week’s revised figure of 209,000, the Department of Labor (DOL) said in a Thursday (May 9) press release. The...
Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of its workforce, Electrek reported Monday (May 6). Workers in software, service and engineering roles have been impacted...
Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that it is laying off 28 workers, or 13% of its non-call center staff. “The reduction in force is a component...
Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report,...
February 13, 2024
The intersection of artificial intelligence (AI) and the future of work is crowded and a bit confusing these days. On one hand, companies like Google and Duolingo have cut staff recently with the implication that AI was the underlying cause. On the other hand, the prevailing wisdom among CEOs and various analysts indicate that AI is not […]
January 12, 2024
From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers manage their healthcare, the two...
March 29, 2023
Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital growth and consumers’ appetite for...
July 02, 2020
Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who still have jobs face cuts...
May 14, 2024
Walmart is reportedly eliminating hundreds of corporate jobs and ending most remote work. That’s according to a report late Monday (May 13) by the Wall Street Journal (WSJ), citing sources familiar with the matter. One of the sources says that the retail giant — and America’s largest employer — is asking staff at small offices […]
May 09, 2024
The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). The total of 231,000 initial claims filed during the week was up from the previous week’s...
May 06, 2024
Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of...
May 06, 2024
Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that it is laying off 28...
