Latest in Employers Cut Jobs
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Stripe cuts 300 jobs in product, engineering and operations
Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.CNBC - 2h -
Labour needs to compromise on employment rights
Raising both UK payroll costs and worker protections is a deterrent to hiringFinancial Times - 6h -
UK employers cut jobs after Budget, official data shows
Drop in payrolled workforce comes even as wage growth acceleratesFinancial Times - 17h -
Anatomy of a jobs promise
Eye-catching boosterism about employment from new projects does not always stand up to scrutinyFinancial Times - 20h -
Employers in these 4 industries are hiring 'like crazy,' says recruiting expert of 20 years
Nearly two-thirds of U.S. employers intend to hire for permanent roles in the next six months, staffing and consulting firm Robert Half reports.CNBC - 1d -
UK’s labour market tsar calls for crackdown on bogus self-employment
‘More urgency’ needed on workers’ rights and resourcing of new fair work agency, says Margaret BeelsFinancial Times - 1d -
Commerzbank explores thousands of job cuts in answer to Andrea Orcel
German lender under pressure to cut costs and boost returns after approach from UniCreditFinancial Times - 3d -
Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - 3d -
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - 4d -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 4d -
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 5d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 5d -
BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn
Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...The Guardian - 5d -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - 5d -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - 5d -
How Labor Market Tensions Are Shifting the Advantage to Employers
After commanding better salaries, benefits, and work arrangements for most of the post-pandemic period, employees see the balance now tilting back to bosses, who are focused on cutting costs.Inc. - 6d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 6d -
Gazprom considers record job cuts as Ukraine war ravages finances
Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on lineFinancial Times - Jan. 13 -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - Jan. 10 -
U.S. Employers Add 256,000 Jobs in December
A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.The New York Times - Jan. 10 -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - Jan. 10 -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - Jan. 10 -
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.CBS News - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Tech Employers: Please Get Smarter With Your Job Titles
Vague job descriptions and titles are making hiring even harder.Inc. - Jan. 10 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
After a contentious negotiation, the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) on Wednesday announced a tentative deal on a new six-year master contract.CNBC - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - Jan. 8 -
Jim Cramer looks ahead to Friday's employment data: 'We’re at the mercy of macro numbers'
CNBC's Jim Cramer reviewed Tuesday's market-wide decline.CNBC - Jan. 7 -
WPP becomes latest global employer to tighten working from home rules
Advertising group says its 110,000 staff must be in office at least four days a weekFinancial Times - Jan. 7 -
5 Employment Law Changes Set to Hit the Workplace in 2025
New legislation and ongoing legal battles mean employers have a lot to keep on top of this year, from pay transparency to workplace safety issues.Inc. - Jan. 3 -
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Slovakia threatens to cut benefit for Ukrainians
A dispute between Slovakia and Ukraine over Russian natural gas transit has been escalating.BBC News - Jan. 2 -
New York Employers Must Now Offer Paid Medical Leave During Pregnancy
All private companies in the state must now grant at least 20 hours of paid leave to employees to attend prenatal medical appointments under a law that went into effect Jan. 1.Inc. - Jan. 2
