Economy
U.S. Jobless Claims Fall to 226,000, Layoffs Remain Low
U.S. applications for unemployment benefits fell modestly last week to 226,000, signaling continued low layoff rates and a robust job market.
#layoffs 9 articles
Finance
Bank Workforce Unease Deepens as CEOs Discuss AI Cuts
Bank workers, including those in higher-level roles, feel increasingly "unmoored" by CEO discussions of AI-related job cuts, according to a recent Bloomberg...
Finance
Branch International Trims African Staff, Reports $30 Million Profit
Visa-backed digital lender Branch International is cutting staff in Kenya and Nigeria, despite reporting a $30 million global profit, signaling a broader...
Markets
Starbucks Cuts 300 Corporate Jobs, Closes Offices in Turnaround Push
Starbucks announced the layoff of 300 U.S. corporate employees and closure of regional offices, incurring $400 million in restructuring costs as part...
Investing
Meta, Microsoft Cut Jobs as AI Investments Escalate
Meta plans to lay off 10% of its workforce, while Microsoft offers early retirement buyouts, both amid massive AI development spending.
Economy
Layoffs, Inflation Batter Iran’s War-Struck Economy
Iran's economy faces mass layoffs and soaring inflation due to war, compounded by destroyed infrastructure and internet blackouts, creating a dire outlook...
Economy
US Jobless Claims Dip as Layoffs Remain Subdued
U.S. applications for unemployment benefits fell last week, signaling continued low layoff rates amidst global economic uncertainty.
Finance
Bolt Cuts Third of Staff, Pivots to AI Core
One-click checkout startup Bolt has cut a third of its staff, citing financial pressures and a strategic shift to become a leaner,...
Economy
Meta’s Future Uncertain Post-Trials, Layoffs
Meta faces an uncertain path after losing two lawsuits and scaling back its Metaverse ambitions. These challenges, alongside layoffs, prompt questions on...