America
Report: Job Openings Fall To Lowest Level Since Biden Took Presidency
Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.
active safety systems
GM Lays Off Over 1k Software And Services Employees
General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, according to CNBC.
$500 million cost savings
Paramount To Layoff 15% Of U.S. Workforce
Paramount Global has announced that they will be cutting 15% of its workforce in the states.
AI
Exclusive: Cisco to lay off thousands more in second job cut this year, sources say
Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI.
2022
Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
The number of Americans filing new applications for unemployment benefits fell more than expected last week, easing fears of an unraveling labor market.
Advanced Micro Devices
S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge
The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street’s winning streak.
advertised job openings
Report: U.S. Job Market Weakens In June
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
$200 million-budgeted
Pixar Lays Off Nearly 200 Staffers
Pixar Animation Studios has been hit with another round of layoffs, as 175 employees were recently let go.
Amazon
Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%
Peloton’s Chief Executive Officer has officially stepped down from the role as the popular fitness company is planning to cut 15% of its global workforce.
Business
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.