U.S. jobless claims rise to 242,000, highest level in three months
U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains...
Tag : layoffs
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
UK firms to slash jobs as tax hikes and costs squeeze margins
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an...
Meta job cuts hit thousands as AI investments reshape workforce
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple...
BP announces 4,700 job cuts amid cost-saving measures
BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing...
Ebay’s Web3 division cuts 30% of workforce amid speculation
Ebay's Web3 division cuts 30% of its workforce, raising doubts about its commitment to Web3. Departure of key personnel adds to uncertainty....
Snap Inc. announces 10% workforce reduction, impacting 500 jobs
Snap Inc. reveals plans to cut 10% of its workforce, affecting 500 positions, in a move to encourage in-person collaboration....
Microsoft hits $3 trillion market value, trails Apple
Microsoft achieves $3 trillion market value, second only to Apple, with a stock price at $404.87 per share, boosted by AI and tech....
Inflation cools rapidly, paving the way for economic confidence in 2024
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...
Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...