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 What Is the Average Social Security Benefit at Age 62? Your retirement benefit amount depends on how much you’ve earned over your lifetime at jobs for which you paid Social Security taxes — and the age at which you claim. You can claim Social Security benefits as early as age 62, but you’ll only receive your full benefit amount if you wait to claim until […]
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 California Lawmakers Call For 4-Day Work Week The California State Legislature is currently discussing a bill that would lower the official work week to 32 hours over four days, with overtime pay required for anything in excess of this. The California Assembly will consider legislation this year that would create the most substantial change to the modern concept of the workweek since […]
Blog Citigroup To Fire Unvaccinated Employees This Month Citigroup staff in the United States who have not been vaccinated against Covid-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, a source familiar with the matter said on Friday. The US bank announced its plan to impose new vaccination […]
Blog Man Who Dumped 91,000 Pennies To Pay Ex-Worker Is Sued By Feds After a former employee of A OK Walker Autoworks filed a complaint with state labor regulators in 2021 accusing the owner of failing to issue his final paycheck of $915, he got an unwelcome surprise: a mountain of 91,000 pennies, covered in oil, dumped in his driveway. But the worker, Andreas Flaten, may be having […]