Home Secretary Suella Braverman has said more needs to be done to reduce legal migration and said there was “no good reason” why Britain could not train up a home-grown workforce of lorry drivers and fruit pickers and reduce the country’s overall need for immigrant workers. Giving a keynote speech at the National Conservatism conference in…
Braverman Says UK Should Not Need Immigrant Workers to Fill Labour Shortages
Ticketing Service Provider Eventbrite to Lay Off 8 Percent Workforce
Eventbrite Inc. said on Tuesday it will eliminate about 8 percent of the company’s workforce, as the ticketing service provider looks to cut costs amid worries of an economic downturn. Shares of the company were up nearly 3 percent at $9 in extended trading. The company joins a growing list of firms in corporate America—from…
NPR Cuts Roughly 10 Percent of Workforce Amid ‘Darkened’ Financial Outlook
The National Public Radio (NPR) is cutting roughly 10 percent of its current workforce as the network’s financial outlook recently “darkened considerably” amid declining advertising revenue, NPR’s executive officer announced on Thursday. “At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain. As a result,…
Senate Health Committee Holds Hearing on Health Care Workforce Shortages
U.S. Senate Committee on Health, Education, Labor & Pension holds a hearing at 10:00 a.m. ET on Feb. 16 on the health care workforce shortage. University of New England at Biddeford, ME, President James Herbert; Meharry Medical College at Nashville, Tenn., President, and CEO James E.K. Hildreth Sr.; Johns Hopkins School of Nursing at Baltimore,…
LIVE NOW: Senate Health Committee Holds Hearing on Health Care Workforce Shortages
U.S. Senate Committee on Health, Education, Labor & Pension holds a hearing at 10:00 a.m. ET on Feb. 16 on the health care workforce shortage. University of New England at Biddeford, ME, President James Herbert; Meharry Medical College at Nashville, Tenn., President, and CEO James E.K. Hildreth Sr.; Johns Hopkins School of Nursing at Baltimore,…
Alibaba-Backed Asian Group Daraz Cuts Workforce 11 Percent
KARACHI, PAKISTAN—Alibaba-owned e-commerce platform Daraz Group is reducing its workforce in the Indian subcontinent by 11 percent due to the “current market reality,” Chief Executive Officer Bjarke Mikkelsen said, suggesting job losses that could affect about 300 people. Daraz confirmed to Reuters that the cuts will affect a base of 3,000 full-time regional employees. A…
PayPal Announces It Will Lay Off About 2,000 Employees
PayPal Holdings Inc. said on Tuesday it is planning to cut 7 percent of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown. The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as…
Spotify to Trim 6 Percent of Workforce in Latest Tech Layoffs
Music streaming service Spotify said on Monday that it will cut six percent of its workforce, or about 600 jobs, joining a growing list of technology companies in announcing job cuts to lower costs. CEO Daniel Ek announced the restructuring in a message to employees that was also posted on the company’s blog. “Over the…
Prominent Exchange and Token Issuer Crypto.com Slashing 20 Percent of Workforce
Crypto.com will be laying off about a fifth of its workforce in a second round of layoffs within six months, citing industry-wide issues, including FTX bankruptcy, in what looks like a trying period for the once-booming sector. Although the company “grew ambitiously at the start of 2022,” the “trajectory changed rapidly with a confluence of…
Philips to Cut 5 Percent of Workforce as New CEO Acts to Counter Falling Sales
AMSTERDAM—Philips’ new CEO announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70 percent off the Dutch medical equipment maker’s market value in the past year. “We have now had five quarters of declining sales, declining profit, and now … (in the third quarter) we…
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