Bank of America
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Business
US labor market remains stable, but job opportunities limited
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March.
ADP National Employment Report
US private payrolls post smallest gain in seven months
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Blake Wolf
Russia, China Target ‘Disillusioned’ U.S. Federal Agents For Recruitment
Chinese and Russian intelligence agencies are reportedly recruiting disgruntled U.S. federal employees in national security roles who have been recently fired or those who fear impending termination, according to CNN.
Alex Wagner
Report: MSNBC Overhaul Shakes Up Rachel Maddow’s Team Amid Network-Wide Cuts That Took Out Joy Reid, Alex Wagner
Left-leaning news network MSNBC has informed a large number of staffers who work on Rachel Maddow’s show that they are being let go as part of the network’s restructuring after the cancellation of other MSNBC talk show host Joy Reid’s program as well as other hosts.
Business
Gov. Hochul Activates National Guard Amid N.Y. Prison Guard Strike
Multiple walkouts of New York state prison guards began this week and have continued into Thursday at a number of correctional facilities in the Empire State, prompting New York Democrat Governor Kathy Hochul to declare a “disaster emergency.”
2022
Microsoft Cracks Down On ‘Underperformers,’ Cutting Some Jobs Without Severance Pay
Microsoft has reportedly begun firing its “low-performance” workers, with a portion of the job cuts not providing severance pay, as the tech company switches up their work style approach — according to a new report.
2022
Microsoft Cracks Down On ‘Underperformers,’ Cutting Some Jobs Without Severance Pay
Microsoft has reportedly begun firing its “low-performance” workers, with a portion of the job cuts not providing severance pay, as the tech company switches up their work style approach — according to a new report.
$70 million investment
As Trump’s Presidency Begins, CNN Set To Lay Off Hundreds Of Employees
Following the inauguration of 47th President Donald J. Trump, CNN boss Mark Thompson announced that the struggling cable network will lay off 200 employees in an effort to pivot to a more digital-centric strategy.