Jobs

An internal memo reveals Volkswagen faces a 20% cost disadvantage, with up to 100,000 total job cuts now under consideration across all brands.

Micron Technology's $250 billion investment will create 100,000 American jobs across semiconductor facilities in New York, Idaho and Virginia.

San Francisco's only PetSmart location on Geary Blvd. is closing July 19, directing pet owners to the Daly City store and online delivery options.

Gallup data reveals 62% of laid-off workers were AI non-users, yet only 1% of respondents cited AI or automation as the primary reason for job cuts.

Microsoft is eliminating roughly 4,800 jobs while investing heavily in AI, with executives saying artificial intelligence is changing work but not replacing affected employees.

Sebastian Mackensen said BMW is doing more than making promises as the automaker completes its $1.7 billion South Carolina expansion and expands its U.S. EV footprint.

The Labor Department released the June 2026 jobs report, which showed the U.S. economy added jobs at a steady pace last month despite uncertainty over inflation.

The figure reported on Wednesday is below economists’ estimates of an increase of 118,000 jobs. The prior month's reading was unrevised at 122,000.

A watchdog report found BLS released CPI and jobs data at improper times in 2024, saying the agency still needs additional safeguards for economic data.

Saks Global exits bankruptcy as Exemplar Luxury Group, cutting 75% of debt and closing 62 off-price stores including Saks OFF 5th locations.

Ford rehired about 300 veteran engineers after AI tools failed to match human expertise, helping the automaker top the JD Power 2026 Initial Quality Study.

The Unleash Prosperity report, titled "Boomsday Not Doomsday," argues AI could help ease housing costs, boost productivity and move workers into higher-value roles.

Los Angeles delays its $30 minimum wage plan for hotel workers until 2030 amid industry warnings of layoffs, reduced hiring and rising labor costs.

Robert Shiller, a Nobel laureate in economics, says fears about AI severely impacting the job market are warranted but that they should be tempered.

Trump visits Mack Trucks facility in Macungie, Pennsylvania, touting 32,000 new jobs and 2,600 manufacturing jobs created in the commonwealth.

Jeff Bezos says AI will create a labor shortage and won't replace humans, offering an optimistic outlook at the VivaTech technology conference in Paris.

The Fed left interest rates unchanged in June as Fed Chair Kevin Warsh led his first monetary policy meeting at the central bank, which faces elevated inflation due to the Iran war.