Mark Zuckerberg Prepares Meta Employees for a Tougher 2022

In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns that we’ve seen in recent history.”

#computers-and-the-internet, #cox-chris-1982, #facebook-inc, #hiring-and-promotion, #instagram-inc, #instant-messaging, #layoffs-and-job-reductions, #meta-platforms-inc, #mobile-applications, #mobile-commerce-and-payments, #social-media, #zuckerberg-mark-e

Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

Bitcoin Plummets Below $20,000 for First Time Since November 2020

Its fall was accelerated in recent weeks by the collapse of two major cryptocurrency projects while sowing doubts about the stability of the overall cryptocurrency market.

#banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #currency, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #quarantine-life-and-culture, #social-media, #virtual-currency

Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise

Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.

#federal-reserve-system, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy

Musk to Attend Twitter All-Hands Meeting

Musk will attend a virtual all-hands meeting as his $44 billion acquisition of the company moves ahead, despite his hand-wringing about bots.

#abbott-laboratories, #appointments-and-executive-changes, #arm-holdings-plc, #artificial-intelligence, #biden-joseph-r-jr, #blackstone-group-the, #celsius-network-llc, #citigroup-inc, #computers-and-the-internet, #crown-resorts-ltd, #environmental-protection-agency, #federal-reserve-system, #infant-formulas, #interest-rates, #internal-storyline-no, #layoffs-and-job-reductions, #musk-elon, #regulation-and-deregulation-of-industry, #relocation-of-business, #social-media, #united-states, #workplace-hazards-and-violations

Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #kraken-payward-inc, #layoffs-and-job-reductions, #powell-jesse-cryptocurrency-executive, #start-ups, #virtual-currency, #workplace-environment

Crypto Firms Quake as Prices Fall

Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #layoffs-and-job-reductions, #start-ups, #virtual-currency

The Potential Dark Side of a White-Hot Labor Market

The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.

#colleges-and-universities, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #tuition, #unemployment, #united-states-economy

Britain Tests a 4-Day Workweek

A six-month program involving thousands of workers across 70 companies in Britain will be the latest effort to assess the effects of a shorter workweek.

#boston-college, #cambridge-university, #great-britain, #layoffs-and-job-reductions, #oxford-university, #productivity, #work-life-balance, #working-hours

Tesla to Cut 10% of Salaried Staff, Musk Tells Employees

The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.

#automobiles, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #labor-and-jobs, #layoffs-and-job-reductions, #musk-elon, #tesla-motors-inc

How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed

The onetime ‘manager of the century’ paved the way for C.E.O.s to moonlight as internet trolls.

#chicago-ill, #company-reports, #content-type-personal-profile, #croton-on-hudson-ny, #executive-compensation, #executives-and-management-theory, #general-electric-company, #labor-and-jobs, #layoffs-and-job-reductions, #seattle-wash, #welch-john-f-jr, #workplace-environment

Elon Musk, Chaos Monkey

The billionaire’s increasingly erratic behavior on Twitter distracts from the terrible math behind his bid to buy it.

#internal-sub-only-nl, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #stocks-and-bonds, #tesla-motors-inc, #twitter, #zuckerberg-mark-e

What Higher Interest Rates Could Mean for Jobs

Layoffs are up only minimally, and employers may be averse to shedding workers after experiencing the challenges of rehiring.

#federal-reserve-system, #hiring-and-promotion, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment, #united-states-economy

Working Mothers, Punished by Pandemic, Mostly Kept Working

When it came to who lost jobs, education mattered much more than gender, a broad new analysis found.

#child-care, #families-and-family-life, #labor-and-jobs, #layoffs-and-job-reductions, #parenting, #unemployment, #women-and-girls

Fear and Loathing Return to Tech Start-Ups

Workers are dumping their stock, companies are cutting costs, and layoffs abound as troubling economic forces hit tech start-ups.

#computers-and-the-internet, #entrepreneurship, #initial-public-offerings, #interest-rates, #layoffs-and-job-reductions, #start-ups, #stocks-and-bonds, #venture-capital

China’s Covid Lockdowns Leave Millions Out of Work

Migrant workers and recent college graduates have been hit hardest by shuttered factories, closed construction sites and an anemic job market.

#beijing-china, #china, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #li-keqiang, #quarantines, #roach-stephen-s, #shanghai-china, #shenzhen-china

Abortion Is a Business Issue

Women make up half of the work force, but the issue’s divisiveness has led many companies to keep quiet on the issue for now.

#abortion, #labor-and-jobs, #layoffs-and-job-reductions, #levi-straussco, #minorities, #politics-and-government, #race-and-ethnicity, #sandberg-sheryl-k, #silicon-valley-calif, #united-states, #united-states-economy, #united-states-politics-and-government

China sets an economic stimulus plan to offset Covid lockdowns.

As new cases of the coronavirus crop up in Beijing, China’s leaders are offering nationwide subsidies to businesses, and two large cities are subsidizing consumers.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #international-trade-and-world-market, #layoffs-and-job-reductions, #li-keqiang, #xi-jinping

Inside the Implosion of CNN+

Seen as the future of CNN, the streaming channel was suddenly killed. Its soon-to-be owner, Discovery, had concerns but until the deal closed, it was constrained in guiding a competitor.

#att-inc, #burbank-calif, #cable-television, #cnn, #cornish-audie, #discovery-channel, #kilar-jason, #layoffs-and-job-reductions, #licht-christopher-a-1971, #longoria-eva, #media, #morse-andrew-1974, #news-and-news-media, #video-recordings-downloads-and-streaming, #wallace-chris-1947, #warner-bros-discovery, #zaslav-david-m, #zucker-jeff

Gopuff Buys Time for Its 30-Minutes-or-Less Delivery Promise

The $15 billion rapid-delivery start-up decided to do business differently from rivals like Instacart. A changing environment is testing its model.

#computers-and-the-internet, #delivery-services, #freelancing-self-employment-and-independent-contracting, #gopuff, #instacart, #labor-and-jobs, #layoffs-and-job-reductions, #philadelphia-pa, #shopping-and-retail, #start-ups, #venture-capital, #warehouses, #yakir-gola

For Macron, France’s Troubled Industries Hit Home

President Emmanuel Macron vowed an economic revival, but as he seeks re-election, a Potemkin factory in the town where he was raised shows just how hard that can be.

#amiens-france, #economic-conditions-and-trends, #elections, #factories-and-manufacturing, #france, #labor-and-jobs, #layoffs-and-job-reductions, #le-pen-marine, #macron-emmanuel-1977, #national-front-france, #organized-labor, #politics-and-government, #unemployment, #whirlpool-corporation, #yellow-vests-movement

P & O Ferries Lays Off 800 U.K. Workers With No Notice

The abrupt terminations caused widespread service cancellations and drew immediate backlash from government officials and unions.

#dover-england, #dubai-united-arab-emirates, #europe, #ferries, #hull-england, #labor-and-jobs, #layoffs-and-job-reductions, #liverpool-england, #national-union-of-rail-maritime-and-transport-workers-rmt, #politics-and-government, #supply-chain

Facing Economic Calamity, Putin Talks of Nationalizing Western Businesses.

With the ruble collapsing, the economy contracting and people abandoning the country, Russia’s leader talks of a Western plot to destroy the country.

#economic-conditions-and-trends, #ikea, #layoffs-and-job-reductions, #mcdonalds-corporation, #moscow-russia, #putin-vladimir-v, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022

U.S. Employers Still Scrambling to Fill Vacancies, Report Shows

Openings remained high in January, the Labor Department reported, as did the number of workers quitting their jobs.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #wages-and-salaries

Why So Many People Became Real Estate Agents in the Pandemic

The industry is drawing workers while nearly every other job sector has struggled with hiring. As few as 10 percent of them will last long enough to make a full-time living selling homes.

#coronavirus-2019-ncov, #kelman-glenn, #labor-and-jobs, #layoffs-and-job-reductions, #national-assn-of-realtors, #quarantine-life-and-culture, #real-estate-and-housing-residential, #real-estate-brokers, #united-states

Starbucks Is Moving to Oust Workers in Buffalo, Union Supporters Say

Some employees who back unionization efforts have been told they must increase their work availability or leave. The company cites scheduling issues.

#buffalo-ny, #coffeehouses, #labor-and-jobs, #layoffs-and-job-reductions, #organized-labor, #starbucks-corporation, #starbucks-workers-united, #working-hours

The Age of Anti-Ambition

When 25 million people leave their jobs, it’s about more than just burnout.

#amazon-com-inc, #bureau-of-labor-statistics, #coronavirus-2019-ncov, #futureofwork2022, #labor-and-jobs, #layoffs-and-job-reductions, #organized-labor, #wages-and-salaries

Hating Your Job Is Cool. But Is It a Labor Movement?

Inside the rise and fall of r/antiwork — the Reddit community that made it OK to quit, but couldn’t quite do anything else.

#futureofwork2022, #hiring-and-promotion, #labor-and-jobs, #layoffs-and-job-reductions, #mcdonalds-corporation, #reddit-inc, #unemployment

N.Y.C. Fires 1,430 Workers Over Vaccine Mandate

The figure is likely the largest mass termination of U.S. municipal employees in response to a Covid vaccine mandate.

#adams-eric-l, #coronavirus-2019-ncov, #government-employees, #layoffs-and-job-reductions, #new-york-city, #vaccination-and-immunization

Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force

Documents released in an age-discrimination case appear to show high-level discussion about paring the ranks of older employees.

#age-chronological, #discrimination, #hiring-and-promotion, #international-business-machines-corporation, #labor-and-jobs, #layoffs-and-job-reductions, #liss-riordan-shannon, #rometty-virginia-m, #suits-and-litigation-civil, #workplace-hazards-and-violations

How The Trucker Protests Are Snarling the Auto Industry

Blockades of U.S.-Canada border crossings could hurt the auto industry, factory workers and the economy, which are still recovering from pandemic disruptions.

#ambassador-bridge, #automobiles, #bridges-and-tunnels, #canada, #detroit-mich, #factories-and-manufacturing, #ford-motor-co, #general-motors, #honda-motor-co-ltd, #labor-and-jobs, #layoffs-and-job-reductions, #michigan, #ontario-canada, #politics-and-government, #prices-fares-fees-and-rates, #shutdowns-institutional, #supply-chain, #toyota-motor-corp, #trucks-and-trucking, #unifor, #united-states-economy, #vaccination-and-immunization, #wages-and-salaries

Nearly 3,000 N.Y.C. Workers Have a Day to Get Vaccinated or Be Fired

Mayor Eric Adams has embraced a vaccine mandate for city workers and warned that thousands would get fired this week if they were not vaccinated.

#adams-eric-l, #coronavirus-2019-ncov, #coronavirus-risks-and-safety-concerns, #government-employees, #layoffs-and-job-reductions, #new-york-city, #vaccination-and-immunization, #workplace-hazards-and-violations

Peloton says its C.E.O. will step down and announces 2,800 layoffs.

Barry McCarthy, the former chief financial officer of Spotify, will take the helm of the stationary bike company, which has struggled as demand for its products has waned.

#appointments-and-executive-changes, #blackwells-capital-llc, #foley-john-fitness-executive, #layoffs-and-job-reductions, #mccarthy-barry, #peloton-interactive-inc

Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks

Only about a quarter of the funding went to jobs that would have been lost, new research found. A big chunk lined bosses’ pockets.

#autor-david, #bureau-of-labor-statistics, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #dalton-michael, #layoffs-and-job-reductions, #massachusetts-institute-of-technology, #national-bureau-of-economic-research, #small-business, #stimulus-economic, #wages-and-salaries

Will Robots Really Destroy the Future of Work?

A new book argues that workers can thrive despite technology that eliminates jobs.

#engineering-and-engineers, #internal-sub-only-nl, #labor-and-jobs, #layoffs-and-job-reductions, #robots-and-robotics

Peloton considers layoffs but denies a report it will pause bike production.

The company has faced an abrupt change in fortune over the past year, from complaints that it couldn’t deliver bikes on time, to a drop in demand as gyms reopened and pandemic restrictions were lifted.

#bicycles-and-bicycling, #exercise, #foley-john-fitness-executive, #layoffs-and-job-reductions, #peloton-interactive-inc, #quarantine-life-and-culture

As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope

The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest.

#china, #computers-and-the-internet, #entrepreneurship, #iqiyi-com-inc, #layoffs-and-job-reductions, #politics-and-government, #regulation-and-deregulation-of-industry, #social-media, #unemployment, #xi-jinping

The Pandemic Struck Orchestras With Underlying Conditions Hard

With the coronavirus crisis exacerbating longstanding budget woes, the San Antonio Symphony wants to cut pay and positions. Its musicians have gone on strike.

#american-federation-of-musicians, #classical-music, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #layoffs-and-job-reductions, #lockouts, #organized-labor, #san-antonio-tex, #san-antonio-symphony, #springfield-mass, #springfield-symphony-orchestra, #strikes

Jobless for a Year? That Might Be Less of a Problem Now.

People who were out of work for a while have typically found it much harder to get a job. The pandemic may have changed how employers view people who have been unemployed for months or years.

#careers-and-professions, #coronavirus-2019-ncov, #employment-agencies, #hiring-and-promotion, #human-resources, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #shortages, #unemployment, #united-states-economy

Why New York City’s Jobless Rate Is Double the Rest of the Country’s

The city has regained fewer than 6 of every 10 jobs it lost since the pandemic began, while the nation as a whole has regained more than 90 percent of lost jobs.

#adams-eric-l, #coronavirus-reopenings, #economic-conditions-and-trends, #labor-and-jobs, #labor-department-nys, #layoffs-and-job-reductions, #new-york-city, #unemployment

Better.com’s C.E.O. ‘Taking Time Off’ After Firing Workers Over Zoom

The mortgage lender’s board announced the decision in a memo sent to staff, adding that the company had brought on a third-party firm to assess its leadership and culture.

#better-holdco-inc, #garg-vishal, #layoffs-and-job-reductions

Better.com C.E.O. Apologizes for Firing Workers Over Zoom

Vishal Garg said in a letter to employees on Tuesday that he had failed to show “respect and appreciation” in the call, which has been widely criticized.

#better-holdco-inc, #better-com, #garg-vishal, #layoffs-and-job-reductions

India’s Economy Still Weak, Despite a Strong Third Quarter

Covid-19 essentially robbed the country of more than a year of badly needed economic growth. That’s lost ground that cannot be regained quickly.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #factories-and-manufacturing, #gross-domestic-product, #gross-national-product-gnp, #home-appliances, #india, #labor-and-jobs, #layoffs-and-job-reductions, #luxury-goods-and-services

Volkswagen C.E.O. Herbert Diess Sets Sights on Beating Tesla

Herbert Diess, the chief executive, seeks to cast VW as a dynamic, modern company, but his style risks the ire of its powerful works council.

#automobiles, #content-type-personal-profile, #diess-herbert, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #labor-and-jobs, #layoffs-and-job-reductions, #tesla-motors-inc, #volkswagen-ag, #wolfsburg-germany

Is the Four-Day Workweek Finally Within Our Grasp?

After embracing flexible work styles during the pandemic, some companies are now embracing a shorter week.

#labor-and-jobs, #layoffs-and-job-reductions, #wages-and-salaries, #work-life-balance, #working-hours, #workplace-environment

Powell’s Books Survived Amazon. Can It Reinvent Itself After the Pandemic?

As much as any city, Portland, Ore., has been through hell. Its landmark store, Powell’s Books, must finally build a viable online business while recapturing its downtown success.

#books-and-literature, #coronavirus-reopenings, #e-commerce, #family-business, #labor-and-jobs, #layoffs-and-job-reductions, #portland-ore, #powell-emily, #powells-books, #shopping-and-retail, #shutdowns-institutional

American Airlines Cancels Hundreds of Flights This Weekend

The carrier blamed bad weather and staffing shortages. It was the second airline this month to face significant disruptions.

#airlines-and-airplanes, #american-airlines, #coronavirus-2019-ncov, #delays-transportation, #layoffs-and-job-reductions, #southwest-airlines-company

British Museums Face Covid’s Long-Term Effects

Months of closures during the pandemic have caused financial havoc for art venues, and many expect to be strapped for years. At the Victoria and Albert Museum in London, the virus’s impact is clear.

#art, #bronte-parsonage-museum, #great-britain, #hunt-tristram, #layoffs-and-job-reductions, #london-england, #museums, #museums-assn-great-britain, #public-and-commercial-services-union, #royal-academy-of-arts, #victoria-and-albert-museum

In East Africa, Safari Workers Wash Cars, Fry Fish and Struggle to Survive

The loss of international tourism had decimated the livelihoods of thousands of travel and hospitality workers, who have had to take on odd jobs and borrow money to endure the pandemic.

#kenya, #layoffs-and-job-reductions, #quarantine-life-and-culture, #safaris, #travel-and-vacations, #uganda

Our Generic Drug Supply Is Sick

Competition for market share at rock-bottom prices has led to shortages, price-spikes, allegations of price-fixing, and substandard and even dangerous practices.

#drugs-pharmaceuticals, #factories-and-manufacturing, #generic-brands-and-products, #international-trade-and-world-market, #layoffs-and-job-reductions, #shortages