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Tag: unemployment
Dow Plunges Nearly 1,500 Points In Worst Week Since June As Bank Stocks Collapse
Major indexes fell on Friday as bank stocks struggled following the sudden collapse of one of…
How millions of missing workers are making do without a job
Recession fears have mounted in recent weeks, as inflation continues to strain household budgets and the Federal Reserve…
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…
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…
Scoop: Redesign Health lays off 67 employees a month after raising $65 million
Redesign Health, a company that builds other healthcare startups, laid off 67 employees, or about 20%…
Impossible Foods to eliminate 6% of staff in second round of layoffs this year
Bay Area-based food company Impossible Foods announced another round of layoffs this week. A pioneer in…