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…
These Are the 10 Fastest-Growing Jobs in the US, and Many Pay More Than $100,000 a Year
SAP to Cut Up to 3,000 Jobs Worldwide, Mulls Qualtrics Sale
January 26, 2023
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BERLIN—SAP said Thursday that it is cutting up to 3,000 jobs worldwide, or about 2.5 percent of its workforce, after a sharp drop in profits at Europe’s biggest software company. It comes amid a broader wave of job cuts in the technology industry, including mass layoffs at Google, Amazon, Microsoft, and other tech giants in…
Ford to Cut up to 3,200 European Jobs, Union Says, Vowing to Fight
BERLIN—Ford Motor Co. plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. Rising costs for electric vehicle battery materials and projected slowdowns in…
Tesla Announces $3.6 Billion Investment in Nevada for Factories, Promises 3,000 New Jobs
Tesla plans to invest more than $3 billion in Nevada to expand its Gigafactory as well as establish two additional factories, with the investment projected to create thousands of jobs in the state, the company announced on Tuesday. “We will be investing over $3.6 billion more to continue growing Gigafactory Nevada, adding 3,000 new team…
3M to Cut 2,500 Manufacturing Jobs as US Economic Outlook Sours
The large U.S. manufacturer 3M said that it intends to cut more than 2,000 jobs as the economic outlook signals more turbulence this year. The St. Paul, Minnesota-based industrial and consumer goods maker had about 95,000 employees at the end of 2021, according to securities filings. The company’s CEO, Mike Roman, said he plans to cut…
Global Jobs Growth Will Halve in Challenging 2023: ILO
January 16, 2023
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LONDON—Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022, hit by the economic fallout of the war in Ukraine, high inflation, and tighter monetary policy, the International Labor Organization (ILO) said on Monday. At the same time, the number of unemployed people in the…
Tech Firms Leading Job Cuts in Corporate America
January 8, 2023
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Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce….
Tech Firms Lead Job Cuts in Corporate America
January 8, 2023
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Business & MarketsCompaniescuteconomiceconomyemployeeinflationInflationaryjobsMedia & Big Techrecession
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Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce….
Capitol Report: McCarthy Gaining Ground to Become Speaker; Biden Weighs In on Jan. 6
House Republican leader Kevin McCarthy is inching closer to getting the votes to become the next speaker of the House. President Joe Biden and Congress mark the two-year anniversary of the Jan. 6 Capitol breach. A former lawmaker, charged for Jan. 6, is running for Congress. What’s his background and what did he do on…
US Economy Added 223,000 New Jobs as Labor Market Continues to Slow
The U.S. economy created 223,000 new jobs in December, down from 256,000 in November, according to the Bureau of Labor Statistics (BLS). This was slightly higher than economists’ expectations of 200,000. This represented the fifth consecutive month of slowing employment growth. The unemployment rate slipped to 3.5 percent last month, down from 3.6 percent in…
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