California job growth falls by most in the nation post-pandemic: report
California saw the largest decline in job creation from 2019 to 2023 when compared with the pre-pandemic 2015 to 2019 period, with the pace slowing by 54% according to a new report.
US union membership rate fell to new low in 2023
The percentage of U.S. workers who were members of labor unions dropped to a new record low in 2023, despite unions achieving the highest approval rating in decades.
NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents
New York City Mayor Eric Adams announced a plan to wipe out up to $2 billion in medical debt for hundreds of thousands of city residents during a press conference on Jan. 22, 2024.
SolarEdge, a solar inverter manufacturer, lays off 16% of its workforce
SolarEdge will shed about 16% of its workers in newly announced layoffs. The cuts will occur over the first six months of the year, according to the company.
Google parent Alphabet laying off innovation lab workers
Google parent Alphabet is laying off an undisclosed number of workers at its innovation lab X, which is restructuring to spin out projects even faster.
Layoffs surged 98% in 2023; It could get worse this year
Layoffs in the U.S. jumped 98% in 2023 as companies battled deteriorating market and economic conditions – and more job cuts could be coming this year.
So you truly hate your job. Should you quit or stay on while you look for a new one?
Employment experts shared insights and strategies regarding how to handle a job that you hate — and what steps to take as you consider navigating out of it and finding other work.
Mean girls at work have stolen your ideas — now what? Smart ways to step up
Many career professionals have experienced situations in which others took credit for their hard work or good ideas. Job experts weighed in with insights and tips on how to handle this.
AI will create long-term ‘job disruptions,’ CEO of Big Four firm says
Despite artificial intelligence's growing prevalence in work and personal life, KPMG's CEO is optimistic that the U.S. economy can absorb what will be a "shock" to markets.
Macy's will close these five stores following layoffs of more than 2,300 employees
Macy’s has plans for a handful of locations to permanently close up their shops. The five closures come as part of a move that will also include the retailer axing about 2,350 jobs.
Premature to think Fed rate cuts are around the corner: Mary Daly
San Francisco Federal Reserve President Mary Daly gives her outlook on the U.S. economy and discusses the Fed's interest rate plan on 'Making Money.'
Sports Illustrated lays off 'significant' amount of staff after license revoked, owner vows to continue brand
The future of the Sports Illustrated is uncertain as "possibly all" staff will be laid off, after the magazine's publisher missed a payment, effectively breaking a licensing deal.
Wayfair to cut 1,650 jobs a month after CEO says employees should be 'working long hours'
E-commerce home goods retailer Wayfair said it will cut jobs and expects its restructuring plan, which started in August 2022, to save more than $280 million.
Walmart to give US store managers a raise
Walmart announced that U.S. store managers will see a salary increase from $117,000 to $128,000 annually and will get larger bonuses beginning on February 1, 2024.
Macy's to slash 2,350 jobs, close 5 stores in move to embrace technology: report
Macy's is planning to cut 2,350 jobs and close five stores, The Wall Street Journal reported on Thursday, as the company moves to embrace more technology.
Google sheds hundreds of employees as sales team restructures
Google will lay off hundreds of employees as it restructures its advertising-sales team and gears up to compete with other tech giants in the artificial intelligence space.
Jobless claims tumble to lowest level since 2022
The Labor Department reported Thursday that jobless claims fell to the lowest level since mid-2022, underscoring the resilience of the U.S. labor market.
BlackRock says 'mega forces' like AI, green energy transition are sparking structural economic changes
Massive financial asset manager BlackRock is warning that major forces, like artificial intelligence and green energy, are driving change across the economy.
House committee warns DOL new independent contractor rule threatens small businesses
The House Committee on Small Business is joining business and trade groups in urging the Department of Labor to reconsider its new rule on classifying independent contractors.
Your work bonus could be much smaller this year
Companies are offering smaller year-end bonuses to millions of workers as they grapple with the gradually easing labor market and still-high inflation.