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Amazon Lays Off Another 9K Workers
Amazon on Monday announced it will lay off another 9K employees in the coming weeks, mostly in its advertising and cloud computing divisions — just two months after it terminated 18K people....
Unemployment
Powell: US Interest Rates May Increase More Than Expected
On Tuesday, US Federal Reserve (Fed) Chair Jerome Powell indicated that the Fed may increase the size of its interest rate hikes and borrowing costs to higher-than-projected levels if the economy continues to be robust amid persistently high inflation....
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Report: Twitter Lays Off 200 More Employees
Twitter on Saturday reportedly laid off roughly 200 employees – about 10% of its remaining workforce – in CEO Elon Musk's continued attempt to cut costs. Those laid off included product managers, data scientists and engineers, and some from the monetization infrastructure team....
Disney to Lay Off 7k Employees
On Wednesday, Walt Disney Co. announced plans for 7k layoffs – representing a 3.6% reduction in its global workforce – and a broad restructuring of the company in the aftermath of the release of its first quarterly results since the reinstatement of CEO Bob Iger....
Spotify Laying Off 6% of its Workforce
Music streaming platform Spotify announced Monday the company will be laying off 6% of its global workforce, which is about 600 employees
2022 US Jobs Report: Biggest Pay Raises Went to Black, Young, and Low-Wage Workers
According to new data released by the Bureau of Labor Statistics (BLS), the median American weekly wage for full-time workers jumped 7
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Intel Loses $8B From Market Value
Shares of US semiconductor chipmaker Intel Corp sank more than 6