Labor economy
Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday. The cuts will not affect workers at the […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Rocky run Investors hope U.S. stocks will rally after a dismal end to the last trading week. Equities tumbled Thursday and Friday, and the S&P 500 and Nasdaq Composite fell 1.7% and 2.5% for the week, respectively. The Dow […]
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Some US agencies tell workers not to reply to Musk’s ‘What did you do last week’ email
WASHINGTON, Feb 23 (Reuters) – Multiple U.S. agencies have told employees not to respond immediately to a demand by President Donald Trump’s adviser Elon Musk to list their accomplishments in the past week or be fired, as a chaotic campaign to cull the federal workforce pushes forward. Trump administration-appointed officials at the FBI and State Department sent their staff emails telling them not […]
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Musk orders U.S. federal workers to report on work by Monday or resign
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images The Trump administration sent emails on Saturday evening to U.S. federal government employees telling them to detail their work accomplishments from the previous week by […]
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UnitedHealthcare is offering buyouts to employees in benefits unit, could pursue layoffs, sources say
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty Images UnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by March 3, following a tumultuous year for the insurance giant, CNBC has learned. Those who […]
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KFC moves U.S. headquarters from Kentucky to Texas
Signage outside a Yum Brands Inc. KFC restaurant in Shelbyville, Kentucky, on Jan. 29, 2021. Luke Sharrett | Bloomberg | Getty Images KFC is leaving Kentucky. The fried chicken chain’s U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum Brands said Tuesday. About 100 KFC U.S. employees will be required to relocate […]
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Southwest Airlines to cut 15% of corporate jobs in ‘unprecedented’ move to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024. Daniel Slim | Afp | Getty Images Southwest Airlines said Monday that it is cutting about 15% of corporate jobs, or about 1,750 people, a move its CEO called […]
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CDC ‘disease detectors’ among hundreds fired as Trump administration ramps up agency cuts
The Trump administration on Saturday terminated hundreds of employees at the Centers for Disease Control and Prevention, including fellows responsible for key public health roles, according to two sources at the agency who spoke on the condition of anonymity out of concern over retaliation. Among them were about two dozen workers who made up the Laboratory […]
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Unemployment spikes in Washington, D.C. as Trump and Musk begin efforts to shrink the government
Elon Musk listens to U.S. President Donald Trump speak in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump’s moves to fire thousands of federal government workers have coincided with a surge in jobless claims in Washington D.C. that could get worse as […]
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CFPB’s new leadership begins staff purge with dozens of employees terminated
Key Points The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation. The affected staff were mostly those with probationary status, said the people, who asked for anonymity to speak candidly after orders to stop all agency work, including speaking with reporters. Several of those […]
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