Blog Ford to Cut Up to 3,200 Jobs in Europe Ford Motor Co (F.N) is mulling to reduce up to 3,200 jobs across Europe and move some product development roles to the United States, according to Germany’s IG Metall union, as the American automobile manufacturer continues to slash its workforce in an attempt to adapt to a future with electric vehicles. IG Metall, German’s largest […]
Blog Walmart Hikes Minimum Employee Wage Despite layoffs in the tech industry, Walmart recently announced it would increase hourly employee pay again. This move highlights the continued tightness of the front-line labour market. The retail behemoth, which is the largest private employer in the United States, revealed on Tuesday that it is boosting the minimum wage for store employees to $14 […]
Blog Alphabet Slashes Jobs, Pushing Tech Layoffs Google’s parent company Alphabet is cutting the most jobs in its history, showing that its massive investments in artificial intelligence haven’t offset the pullback in advertising and tech spending that has triggered a parade of tech companies to announce mass layoffs in recent months. In an email posted on the tech giant’s blog Friday, Sundar […]
Business Vox Media Announces Layoffs Of 7% Of Workforce Vox Media, parent company of brands including Vox, New York, Recode, Now This and other digitial titles, announced that it was cutting about 7% of its workforce. The company has about 1,900 employees. In a memo to staff, CEO Jim Bankoff wrote that the job reductions were “due to the challenging economic environment impacting our […]
Blog Getty Images Sues AI Art Generator Getty Images announced it’s suing Stability AI, makers of the AI art tool Stable Diffusion, over alleged copyright violations. “It is Getty Images’ position that Stability AI unlawfully copied and processed millions of images protected by copyright and the associated metadata owned or represented by Getty Images absent a license to benefit Stability AI’s commercial […]
Blog Party City Files For Bankruptcy Party City files for bankruptcy with plans to restructure mounting debt Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load. Party City has secured a $150 million bankruptcy loan and will seek approval to use half of those funds to immediately pay wages and vendors, among other expenses. […]
Blog Amazon to Lay Off Staff in U.S., Canada and Costa Rica by End of Day Amazon Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to staff seen by Reuters. The layoffs are the latest in the U.S. technology sector, with companies cutting their […]
Blog Nurses in New York City to Strike Thousands of nurses in New York City to strike in pursuit of fair contract Strike date at seven hospitals set for 9 January after 98.8% vote in favor, with wages, staff ratios and health insurance key issues At least 12,000 nurses at seven hospitals in New York City are threatening to strike after their union […]
Blog NOBODY GIVES A DAMN ‘NOBODY GIVES A DAMN:’ Home Depot co-founder blames ‘socialism’ for lack of motivation to work The co-founder of Home Depot is pointing the finger at socialism for why Americans no longer have the drive to work. Bernie Marcus, who along with Arthur Blank made the home improvement big box retailer a North American empire, […]
Blog Coding Should be Taught Early Apple CEO Tim Cook says coding should be taught as early as elementary school: ‘It’s the most important language you can learn’ Apple CEO Tim Cook discussed the metaverse and more in an interview Friday with Dutch news outlet Bright. Cook told the outlet that programming is the “most important language you can learn.” Apple […]