Latest weekly jobless claims jump to 240,000

Minneapolis CNN Business – First time weekly claims for unemployment benefits It jumped to 240,000 for the week ending Nov. 19, according to data released Wednesday by the Labor Department. This is a sharp increase of 17,000 from the previous week’s upwardly revised number of 222,000, and it exceeds Economists’ forecasts are 225,000. It’s the … Read more

Alphabet To identify 10,000 underperformers, kick them out

Google’s parent company layoffs: Alphabet to identify 10,000 underperformers, fire them Photo: BCCL New Delhi: As many as 1,36,989 employees have been laid off by 850 companies including big tech companies like Amazon, Twitter, and Meta so far in 2022. Google, which appears to have kept its peace during the wave of layoffs, seems to … Read more

“#RIP Twitter” Trends as Musk’s Alert to Employees Reportedly Caused Exodus and Office Closures—Here’s What You Need to Know

top line Confusion reigns at Twitter as the company closed offices and hundreds of employees chose to leave rather than sign up to Elon Musk’s order to work longer hours, the latest in a chaotic series of developments as fears grow that the billionaire’s leadership is putting the social media platform’s future at risk. Twitter … Read more

Memos show Disney plans hiring freeze and job cuts

Disney (DIS) plans to freeze hiring and cut some jobs as it strives to move its streaming service Disney (DIS) to profitability on the back of economic uncertainty, according to a note seen by Reuters on Friday. CEO Bob Chuckle sent the memo to Disney leaders, saying the company is freezing targeted hiring and expecting … Read more

Memos show Disney plans hiring freeze and job cuts

Disney (DIS) plans to freeze hiring and cut some jobs as it strives to move its streaming service Disney (DIS) to profitability on the back of economic uncertainty, according to a note seen by Reuters on Friday. CEO Bob Chuckle sent the memo to Disney leaders, saying the company is freezing targeted hiring and expecting … Read more

Dead to lay off 11,000 employees, as Zuckerberg says he is ‘responsible for mistakes’

New York CNN Business – Meta, the parent company of Facebook, said Wednesday that it will lay off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta faces a host of challenges to its core business and presents an uncertain and costly bet on pivoting … Read more