Personnel
Singapore’s unemployment has dropped close to pre-Covid levels, minister says
Singapore’s labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, said Minister of Manpower Tan See Leng. “For local unemployment, we are actually in a fairly good state. The unemployment has dropped. I think we’re close to pre-Covid levels,” he told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing […]
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Job loss is a ‘reality’ of the business cycle, says labor expert. Take these 6 key steps after a layoff
Halfpoint Images | Moment | Getty Images 1. Take a financial inventory Among the first things to do if you lose your job is take stock of financial resources at your disposal, according to financial advisors. Those may include other streams of income such as a partner’s salary, as well as emergency savings, company stock […]
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Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at […]
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UiPath to cut 5% of its workforce as part of restructuring plan
UiPath IPO at the New York Stock Exchange. Source: NYSE UiPath will reduce roughly 5% of its total workforce as part of a restructuring plan, according to a new SEC filing. The company, a provider of software for automating office tasks, said that it had 4,200 employees as of April 30, 2022. Most of the […]
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Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs
A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part […]
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Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected […]
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‘It’s almost unbelievable’: People are having their job offers rescinded days before they start
Joynese Speller was excited to start a new job as a project delivery specialist for a health care company on June 6. As she wrapped up at her old nonprofit job on a Friday, she emailed her new company to confirm her start time on Monday. Hours later, she got another email: The company had […]
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Suze Orman has a warning for those who want to quit in the Great Resignation
44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about a recession. Economists are starting to raise their recession probability outlooks. On Monday, Goldman Sachs […]
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Chipotle restaurant in Maine files petition for union election
A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images A Chipotle Mexican Grill location in Augusta, Maine, filed a petition for a union election on Wednesday, becoming the first of the burrito chain’s restaurants to […]
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Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Jerome Powell, chairman of the US Federal Reserve, arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and […]
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