Jobs
How the four-day workweek gained momentum — and could change the future of work
The idea of a four-day or shorter workweek is gaining momentum worldwide — a big thanks to the remote work boom during the Covid-19 pandemic. A recent study from 4 Day Week Global, a nonprofit group that has been conducting four-day week pilot programs in several countries, found that employees expressed satisfaction with their overall […]
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Long Covid’s financial devastation: $8,000 in credit card debt, ruined retirement plans
Teresa Harding Source: Teresa Harding It took three months for Teresa Harding to open her termination letter. “I couldn’t look at it,” Harding, 47, said. For seven years, she’d worked at a pain management center in Lexington, Kentucky. “I enjoyed my co-workers and our patients. “It was a fun, exciting job,” she added. But after […]
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Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
Shopee reportedly conducted three rounds of layoffs this year as its parent Sea Limited struggles towards profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia laid off workers this year, as macro headwinds widened losses and venture capitalists pushed startups to extend their runways. Last week, online marketplace Carousell announced […]
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Tech’s pandemic selecting increase carries on to bust as fintech Plaid adds to mounting layoffs
Zach Perret, CEO and co-founder of Plaid, speaks for the duration of the Silicon Slopes Tech Summit in Salt Lake Metropolis, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Fintech organization Plaid is laying off about 260 personnel, introducing to a the latest wave of cuts from non-public tech companies. […]
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BuzzFeed to cut 12% of its workforce
The BuzzFeed website on a smartphone arranged in Hastings-on-Hudson, New York, on Monday, Dec. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers. The digital media company said the decision to lay off staff comes in response to challenging […]
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November’s sturdy careers report pressures the Fed and could set December rally at danger
November’s sharp increase in wages sent bond yields increased and smacked down shares as buyers feared the Federal Reserve will want to hold rates at larger degrees for extended. Friday’s jobs report showed the financial system included 263,000 jobs in November, a great deal extra than the 200,000 predicted by economists, according to Dow Jones. […]
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Payrolls and wages blow previous expectations, traveling in the experience of Fed level hikes
Job advancement was considerably far better than expected in November in spite of the Federal Reserve’s aggressive efforts to slow the labor sector and tackle inflation. Nonfarm payrolls enhanced 263,000 for the thirty day period while the unemployment fee was 3.7%, the Labor Division described Friday. Economists surveyed by Dow Jones had been hunting for […]
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November job growth slowed but will even now clearly show toughness regardless of layoffs, using the services of freezes
Personnel sort offers at a FedEx Categorical facility on Cyber Monday in Backyard Town, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Pictures Position expansion in November was envisioned to have slowed when remaining robust, even in the confront of layoffs and work freezes at important providers. The financial system […]
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Why labor economists say the remote work ‘revolution’ is right here to stay
Key Factors Distant perform was a enormous pandemic-period labor experiment, borne of requirement due to the wellness scare and continue to be-at-property orders. That “revolution” will very likely endure as a fixture of the U.S. career market, experts stated. Even so, most work are not able to be accomplished remotely. The gains of remote operate […]
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From ‘antiwork’ to ‘act your wage’ — additional disgruntled employees flocked to Reddit in 2022
In the past yr, movements like “the Great Resignation,” “tranquil quitting” and “bai lan” have turn out to be very hot subjects, prompting quite a few employees to reexamine what get the job done suggests to them. Far more of these kinds of conversations have been using area on Reddit, according to studies from the […]
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