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 […]
Continue ReadingCategory Archives: Business
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 […]
Continue ReadingVox 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 […]
Continue ReadingGetty 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 […]
Continue ReadingParty 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. […]
Continue ReadingNurses 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 […]
Continue ReadingNOBODY 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, […]
Continue ReadingCitigroup 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 […]
Continue ReadingMan 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 […]
Continue ReadingThe Great Resignation
Another 4.5 million workers quit in the 8th month of record exits, and it shows how the Great Resignation is here to stay A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September. Workers particularly […]
Continue Reading