Union dockworkers at West Coast ports on Friday were accused by their employers of engaging in “concerted and disruptive work actions,” moves that threatened operations at some of the nation’s largest import hubs. The dockworkers’ union, the International Longshore & Warehouse Union, “is staging concerted and disruptive work actions that have effectively shut down operations…
SentinelOne Inc. shares dove more than 30% in after-hours trading Thursday, after the security-software company missed expectations with its financial results and executives slashed their annual guidance while planning layoffs. SentinelOne S reported a loss of $106.9 million, or 37 cents a share, on sales of $133.4 million, up from $78.3 million a year ago….
This is reprinted by permission from . Eight states have adopted pay transparency laws, including California and New York, with several more considering legislation. Much of the buzz around these laws has been regarding large corporations and their employees, but how do small businesses fit into the picture? Here’s what you need to know. Who must…
Entry-level hiring is slowing. Hiring for entry-level positions in the U.S is down 32% on the year in April for jobs that require a college degree and down 22% in April for jobs that do not require a college degree, according to a LinkedIn report released Monday. Hiring slowed across all industries in April. It…
Americans are job hopping, although not always by choice. More than 199,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The number of global tech layoffs has risen almost eightfold since mid-January. Facebook owner Meta META, +2.61% is one of a number of…
The numbers: The number of Americans who applied for unemployment benefits before Memorial Day weekend totaled a low 229,000 after Massachusetts took dramatic steps to weed out a massive increase in fraud. New jobless claims in the seven days ended May 20 rose by 4,000 from 225,000 in prior week, the Labor Department said Thursday….
Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports. The third round of cuts is part of a plan that Meta META, +0.96% Chief Executive Mark Zuckerberg announced in March in an effort to further slash costs at the social-media company. He said at the time that Meta…
Hi, MarketWatchers. Don’t miss these top stories. Most Americans aren’t happy with how much income tax they paid this year Tax fairness and tax burdens are front-and-center, as a fight over the soon-to-be-expiring Trump tax cuts looms. Read More Kia and Hyundai settlement: See if you qualify for part of the $200 million payout Some…
Norfolk Southern NSC, +0.55% said Thursday it reached an agreement on providing paid sick leave with a union representing more than 3,300 of its employees. The Brotherhood of Locomotive Engineers and Trainmen’s members will get up to seven paid sick days per year, according to a statement. It provides them with an additional five days…
While the IRS says most employees can only contribute $22,500 to tax-deferred income to 401(k) plans in 2023, top executives at U.S. companies can defer much more than that if they participate in special nonqualified deferred compensation programs known as “top hat” plans. Some of the details of those plans are available in dense corporate…
Vodafone Group on Tuesday said it planned to cut 11,000 jobs as it “rebased” its current-year forecasts at a much lower level. Vodafone said it’s cutting 11,000 roles over three years, at both headquarters in Newbury, England, as well as local markets. “Our performance has not been good enough. To consistently deliver, Vodafone must change,”…
George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The fund…
A cannabis business operating in Michigan said it would hire laid-off Burger King employees to roll marijuana joints for $16 an hour, although the job picture remains mixed in the cannabis sector depending on the state. As Shryne Group Inc.’s Stiiizy cannabis business expands in Michigan, the company has offered to hire hundreds of Burger…
The numbers: Most U.S. businesses grew at a slightly faster pace in April, based on a closely followed ISM index that increased to 51.9% last month. The Institute for Supply Management’s index of service-oriented businesses moved up from 51.2% in March. Numbers above 50% indicate companies are expanding. The closely followed ISM reports…
More than 186,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 637 tech companies…
Meta and Amazon are the latest big-name tech companies in the layoffs spotlight, joining Dropbox, Electronic Arts, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, and Salesforce. More than 184,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by…
Combined headcount at the six largest U .S. banks fell fractionally in the first quarter in a reversal of recent trends as the economy cools and attrition rates drop.
Lyft Inc. is laying off a significant part of its workforce, the ride-hailing company’s new chief executive told employees in a Friday email, as he tries to cut costs and keep up with a much bigger rival, Uber Technologies Inc. The Wall Street Journal first reported that the cuts will amount to 30% of the…
Alphabet Inc. Chief Executive Sundar Pichai received his third massive stock award since rising to the top of Google, the company disclosed Friday. Pichai received $218 million in stock awards after his previous award cashed in 2022, according to a proxy filing with the Securities and Exchange Commission that was made public Friday afternoon. Alphabet…
Given the headlines about companies in the tech and other sectors laying off workers by the thousands over the past few months, many people might be feeling grateful just to hold onto their jobs, let alone to earn a raise this year. But a new study from the ADP ADP, -0.83% Research Institute suggests essentially…