Dear Dave, I graduated from college six years ago with a business degree. Currently, I’m in data analytics making about $40,000 a year and have $155,000 in student loan debt. Do you have any recommendations as far as refinancing my student loans and getting the interest rates and monthly payments down? —Austin Dear Austin, I’m…
Amazon Plans to Trim Employee Stock Awards Amid Tough Economy
Amazon.com Inc. said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce RSU [restricted stock units] awards in the final outlook year by a small amount [other years are not impacted],” an Amazon spokesperson said in an emailed…
Software Consultancy Firm Thoughtworks Cuts About 500 Jobs
Software consultancy firm Thoughtworks Inc. said on Wednesday it laid off 4 percent of its global workforce, or roughly 500 employees, joining a host of U.S. companies looking to cut costs amid a sobering economic outlook. Tech firms have laid off thousands of workers recently as they brace for a period of lower demand, high…
Alphabet’s Waymo Cuts 137 Jobs in Second Round of Layoffs This Year
Alphabet Inc.’s self-driving technology unit, Waymo, laid off 137 employees in its second round of layoffs in 2023, the firm told Reuters on Wednesday. Including the latest job cuts, the division has let go of 8 percent of its workforce, or 209 employees, this year. Investors and industry watchers have been concerned as to how…
Stellantis, Unions Agree 2,000 Voluntary Job Cuts in Italy This Year
MILAN—Stellantis and unions signed an agreement to cut up to 2,000 workers from the carmaker’s Italian operations this year through voluntary redundancies, workers’ representatives said on Monday. The redundancies amount to more than 4 percent of Stellantis’ current workforce in Italy of around 47,000 people, FIM, UILM, Fismic, Uglm, and Aqcfr unions said in a…
Ford to Cut 1 in 9 Jobs in Europe in Electric Revamp
BERLIN—Ford plans to cut one in nine jobs in Europe, axing 3,800 roles in product development and administration as part of a drive to lower costs in the region and concentrate engineering know-how in the United States, the automaker said on Tuesday The U.S. carmaker leads the European market for commercial vans, but has struggled…
‘They Fire, We Hire’: Germany Seizes on Silicon Valley’s Woes
BERLIN—Faced with a tight labor market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent. The U.S. West Coast has always been the main destination for ambitious software engineers looking to work in the best-paid,…
These Are the 10 Fastest-Growing Jobs in the US, and Many Pay More Than $100,000 a Year
By Oliwia Szczekot Although tech layoffs abound, some industries are hiring—big time. The United States is on track to add 8.4 million new jobs by 2031, with nearly one-third of those jobs in healthcare or social assistance, according to a recent release from the U.S. Bureau of Labor Statistics. What’s more, a Monster poll found…
Tech Industry Job Cuts Come Rapidly and in Big Numbers
In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. However, even with all of the…
Amazon Announces 18,000 Job Cuts
Amazon informed staff on Wednesday that it plans to cut 18,000 jobs amid slowing consumer and corporate spending. The cuts include workforce reductions already announced in November. The company had previously flagged that it would make additional cuts this year. “Today, I wanted to share the outcome of these further reviews, which is the difficult decision…
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