lay-offs
- Stock Market
U.S. creates mild 187,000 jobs. Hiring is slowing and could keep on Fed on hold
Story developing. Stay tuned for updates here. The numbers: The U.S. created 187,000 new jobs in August, but new hires…
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Powell says he sees path where inflation cools without significant job losses
Federal Reserve Chair Jerome Powell on Thursday said it is possible that U.S. inflation can cool without a large increase…
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BuzzFeed stock plunges over 20% as media company shuts down BuzzFeed News, cuts jobs
BuzzFeed Inc. said Thursday it is shutting down BuzzFeed News and laying off about 15% of its workforce as founder…
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Tesla, Netflix earnings due: Cheaper cars, cheaper content, more workout videos, as ‘earnings recession’ seems likely
For anyone watching Netflix, the streaming services’ recent moves to cut costs could mean fewer films, lower-budget shows and —…
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Jobless claims dip to 3-week low of 191,000 — labor market still very strong
The numbers: The number of Americans who applied for unemployment benefits last week slipped to a three-week low of 191,000,…
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Jobless claims jump to 211,000 and hit highest level since Christmas. Blame New York
The numbers: The number of Americans who applied for unemployment benefits in early March jumped to a 10-week high of…
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Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for…
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PayPal to lay off 7% of employees as part of cost-cutting push
PayPal Holdings Inc. plans to lay off about 7% of its staff as it continues with broader efforts to reduce…
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Philips says it will cut 6,000 extra jobs by 2025 as it swings to a loss
Royal Philips NV on Monday said it will cut an extra 6,000 jobs by 2025, including around 3,000 this year,…
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Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings.
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that…
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