Amazon to Axe 18000 Workers As More Us Tech Firms Cut Jobs
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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 -
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 -
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 -
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 -
Hire factcheckers to fight election fake news, EU tells tech firms
Parliamentary elections thought vulnerable to fake news will test social media firms and bloc’s new DSA laws. Social media firms including TikTok, X, Facebook and Instagram will be required to put an army of factcheckers and moderators in place ...The Guardian - World - European Union -
Baltimore bridge worker deaths highlight dangers of essential jobs
The presumed deaths of six road workers on the Francis Scott Key Bridge in Baltimore are shining a spotlight on the risks associated with essential jobs, especially for low-income and immigrant workers. A construction crew of eight men was on-site ...The Hill - Politics -
Meet the fastest growing ETF firms in the US
Actively managed fund offerings are helping managers outside the Big Three to gain assets rapidlyFinancial Times - World -
Kenny Brooks leaves Virginia Tech for Kentucky job in stunning end of era
Within a couple of weeks, Virginia Tech's Final Four hopes dropped because of Elizabeth Kitley's injury and Brooks exited for the SEC.Yahoo Sports - Sports -
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 -
Amazon Invests $2.75 Billion More in AI Startup Anthropic
The tech giant’s total stake has grown to $4 billion, its largest investment in another company.The Wall Street Journal - Tech - Amazon -
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 -
The WSJ Dollar Index Rises 0.1% to 98.95
The WSJ Dollar Index was up 0.1% to 98.95 — up nine of the past 12 trading days.The Wall Street Journal - World -
Amazon and other tech giants can’t afford to lose power — so they’re making it
Traditional utilities are no match for upstart rivals seeking fast growth.MarketWatch - Business -
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 -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Labour donor Dale Vince ordered to inform wife of future party funding
Ecotricity founder was told by High Court to provide notice of donations in divorce proceedingsFinancial Times - Business -
A Lloyd’s of London revival will require more nimble regulation
There is still a fragility to the recent success of the world’s oldest insurance marketFinancial Times - Business -
Applications for US unemployment benefits dip to 210,000 in strong job market
The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job securityABC News - Top stories -
Want to Know if AI Will Take Your Job? I Tried Using It to Replace Myself
The “Cognitive Revolution” will automate tasks done by hundreds of millions of workers. The best way to understand which of us will go first is direct experience with AI.The Wall Street Journal - Tech -
Gambia lawmakers refer a repeal of the ban on female genital cutting to more committee discussions
Lawmakers in Gambia have referred a repeal of the 2015 ban on female genital cutting for further committee discussionsABC News - Health -
Troubled EV maker Fisker to cut some car prices by more than 30% to boost demand
Fisker Inc.’s stock got a slight reprieve Thursday after the troubled electric-vehicle maker announced large price cuts in an attempt to boost demand for its cars.MarketWatch - Business -
Former RNC chair Ronna McDaniel axed by NBC after intense backlash
Severe criticism followed hiring as pundit of McDaniel, who headed Republican National Committee during Trump years. The former Republican National Committee chair Ronna McDaniel is on her way out of NBC less than a week after joining the network, ...The Guardian - World -
Girl, 10, left inoperable after surgery axed seven times
The curvature of Eva Tennent's spine is now so severe that mum Jill Lockhart fears she will not survive.BBC News - Top stories -
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the US
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the USABC News - Tech -
China reportedly seeks to block Intel, AMD and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese techMarketWatch - Business - China -
The US must address more than LNG to mitigate climate change
While the Biden administration intended to send a message about addressing climate change, it is important to place the LNG story within the broader emissions context.The Hill - Politics - Climate -
There Are Already More Measles Cases in the US This Year Than All of 2023
The CDC is begging Americans to get vaccinated against measles as cases continue to rise.Wired - Tech -
Why the ban on using EU funds for arms could become more flexible
Also in this newsletter: Finland’s PM on the threat from Russian migrationFinancial Times - World -
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.MarketWatch - Business -
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Baltimore bridge collapse update: Six people are missing and two have been found after a large containership plowed into the bridgeThe Wall Street Journal - World -
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Putin is stockpiling Americans in his jails. In the secret game of prisoner swaps, he has held most of the cards.The Wall Street Journal - World -
Amazon’s Secret to Unlocking Innovation
Inspire new ideas through the power of yes.Inc. - Business - Amazon -
Keeping Migrants on the Job
The White House can let more asylum seekers keep work permits.The Wall Street Journal - World -
Passenger overboard from cruise ship, firm says
The man was reported missing from the MSC Euribia which left Southampton on 15 March.BBC News - Top stories -
Boeing boss to leave as firm faces safety crisis
Dave Calhoun will leave the planemaker at end of this year amid a deepening crisis over its safety record.BBC News - Top stories -
Council and firm fined over engineer's storm death
Matt Campbell died in Slieve Gullion Park when a tree fell on him during Storm Ali in September 2018.BBC News - Top stories