Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation,…
Tag: recession
Wall Street ends lower for third straight day as recession worries rise
NEW YORK, Dec 16 (Reuters) – U.S. stocks dropped for a third straight session and suffered…
Why the jobs boom could worsen inflation and help trigger a recession
The economy has set off emergency sirens this year over growing recession fears, sky-high inflation and…
Microsoft becomes latest tech firm to cut staff
Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. Why it matters: The move is…
Beyond Meat fires nose-biting executive, cuts sales outlook, says it will lay off a fifth of its staff
Beyond Meat Inc. shares tumbled after the maker of alternative burgers lowered its full-year sales outlook…
Oracle layoffs impact over 200 Bay Area employees
About 200 Oracle employees are out of a job, according to a notice from Oracle to…
Salesforce, San Francisco’s largest employer, conducts layoffs
Salesforce, the titanic San Francisco corporate software company, is conducting layoffs — a first this year for the…
Germany’s government tells citizens to brace for a recession while Biden tries to quiet fears in the US
After months of skyrocketing prices, Germany’s government told its citizens a recession is coming. The financial…
Troubled Gannett Announces Hiring Freeze, Unpaid Holiday Furloughs, Suspension Of 401K Match And Voluntary Severance
The nation’s largest newspaper chain, Gannett, continued its cost cutting measures today, announcing a hiring freeze, a…
University Hospitals lays off 117 administrative employees; eliminates 326 unfilled positions
Citing financial concerns stemming from the COVID-19 pandemic, University Hospitals has announced that it will be laying off…
Intel Plans Thousands of Job Cuts in Face of PC Slowdown
Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs…
Mass Janitor Layoffs at Meta Offices Trigger Open-Ended Strike
On Friday, janitors who work in Facebook’s Bay Area offices rallied outside a Meta store in…