Facebook Parent Meta Plans 10000 Job Cuts in New Round of Layoffs
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Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Ericsson will cut 1,200 jobs in Sweden
Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment.CNBC - Business -
The European Union launched investigations into Apple, Meta Platforms and Google parent Alphabet under the bloc's sweeping new digital-competition law.
The European Union launched investigations into Apple, Meta Platforms and Google parent Alphabet under the bloc’s sweeping new digital-competition law.The Wall Street Journal - World - Google -
Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
Canada Goose said Tuesday that it will cut about 17% of its corporate workforce as consumers continue to pull back on discretionary spending.CNBC - Business -
Hot AI Job Market Means Meta Is Offering Jobs Without Interviews, Zuck Emailing Candidates Himself
If you have the latest in-demand tech skill set, Meta likes you. Really, really, likes you.Inc. - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - World - California -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - World -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - Business - California -
Vodafone Germany cutting 2,000 jobs as part of savings programme
Yahoo News - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.The Wall Street Journal - World -
Citi’s Jane Fraser tells employees to ‘believe’ while suggesting more job cuts
Fraser said that in the coming weeks, “this final phase of changes will affect the largest number of colleagues at any point during the reorganization.”MarketWatch - Business -
Peru dog inspires Facebook community
Yahoo News - World - Facebook -
Canada Goose shares drop after plans to cut 17% of corporate workforce
Canada Goose shares retreated Tuesday after the Canadian clothing company said it was again chopping head office jobs in a bid to reduce costs and position for longer-term growth.MarketWatch - Business -
Apple, Google, Meta targeted under new European law meant to prevent cornering of digital markets
European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this monthABC News - World -
Apple, Meta, Google Probed by EU Under New Law
The investigations add to regulatory headaches for U.S. tech companies under growing scrutiny worldwide.The Wall Street Journal - World -
EU probes Apple, Meta and Alphabet under landmark new law
Big Tech groups are the first to face full investigations under bloc’s Digital Markets ActFinancial Times - Business - European Union -
Meta, Google, Apple face EU probes over new tech regulations
The European Union launched investigations into Meta, Google and Apple to review if the three U.S.-based tech giants’ recently announced measures comply with the EU’s new tech regulations, the European Commission announced Monday. The ...The Hill - Politics -
Biden campaign taps entertainment-industry stars and Clinton, Obama for New York City fundraiser
Stephen Colbert, Mindy Kaling and other stars are slated to take part in a fundraising event Thursday for Biden’s re-election effort vs. Trump.MarketWatch - Business - Joe Biden -
Caitlin Clark and March Madness: TV networks hope she keeps winning, but sportsbooks hope she loses ASAP
About one out of every four wagers placed on the women’s NCAA Tournament winner was on Iowa, according to BetMGMMarketWatch - Business -
Oil prices end higher, buoyed by geopolitical tensions, Russia’s output cuts
Oil futures rose on Monday as investors monitored escalating geopolitical tensions in the Middle East and between Russia and Ukraine, while supply concerns continued to weigh on crude-oil prices.MarketWatch - Business - Russia -
Treasury yields end higher to kick off holiday-shortened week
Rates on U.S. government debt jumped by the most in one week on Monday as traders braced for a busy holiday-shortened period.MarketWatch - Business -
U.S. stock-market rally could hit the skids if companies miss this mark, strategist warns
The record-setting rally in U.S. stocks could run into trouble if companies report disappointing profits, according to a top equity-market strategist at Morgan Stanley.MarketWatch - Business -
Super Micro’s stock stands out by these metrics, JPMorgan says in bullish call
Another analyst has joined the bull camp on shares of Super Micro, which have experienced a roughly 800% surge over the past 12 months.MarketWatch - Business -
Fisker warns of possible ‘event of default’ following NYSE move to delist stock
The New York Stock Exchange on Monday said it would begin the delisting process for Fisker Inc. stock — a move the struggling electric-vehicle maker said would trigger an “event of default” on some of its convertible debt due next year.MarketWatch - Business -
Apple, Meta, Google Probed by EU Under New Law
The investigations add to regulatory headaches for U.S. tech companies under growing scrutiny worldwide.The Wall Street Journal - Tech -
The EU Targets Apple, Meta, and Alphabet for Investigations Under New Tech Law
The probes are the first to take place under Europe’s landmark Digital Markets Act—and add to Apple’s mounting antitrust woes.Wired - Tech - European Union -
Antiabortion Disinformation Ads Ran Rampant on Facebook and Instagram
Hundreds of antiabortion ads on Meta’s platforms have been disseminated all over the world, new research finds.Wired - Tech - Facebook -
NBC News cuts ties with Ronna McDaniel after internal backlash
After a day of being battered by MSNBC hosts, the network reversed course on making the former Republican National Committee chair an on-air contributor.Los Angeles Times - Entertainment -
NBC News cuts ties with former RNC Chair Ronna McDaniel
NBC News has reversed its decision to hire former Republican National Committee Chairwoman Ronna McDaniel as a political analyst after network executives faced a chorus of fierce on-air criticism.NBC News - Politics -
EU launches probe into Meta, Apple and Alphabet under sweeping new tech law
The EU's probes into Apple, Alphabet and Meta are under the Digital Markets Act and focuses on the practices carried out by these tech giants on their services.CNBC - Business - European Union -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
EU investigates Apple, Meta and Google owner Alphabet under new tech law
Technology groups face hefty fines if they are found guilty of breaching Digital Markets Act. Business live – latest updatesApple, Google’s parent company and Meta are being investigated by the EU for potential breaches of the bloc’s new laws ...The Guardian - World - Google -
E.U. launches probes into Meta, Apple and Alphabet under sweeping new tech law
The European Union on Monday began investigations into Apple, Alphabet and Meta, in its first probe under the sweeping new Digital Markets Act tech legislation.NBC News - Top stories - Apple -
Aluminum company says preferred site for new smelter is a region of Kentucky hit hard by job losses
Gov. Andy Beshear says an aluminum company has singled out northeastern Kentucky as its preferred site for a new aluminum smelterABC News - Top stories -
Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
Wage increases for in-person jobs coincide with more companies cracking down on enforcing their return-to-office mandates.CNBC - Business -
Xbox's Phil Spencer Reflects On Recent Mass Layoffs
Microsoft Gaming CEO Phil Spencer has defended and explained Microsoft's recent decision to lay off 1,900 people from the Xbox division. He told Polygon that Xbox is a business, and like many other businesses, Spencer's job is to make profits. ...GameSpot - Tech -
EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids
The Biden administration has announced new automobile emissions standards that officials call the most ambitious plan ever to cut planet-warming emissions from passenger vehiclesABC News - Tech -
Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts
Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.CNBC - Business