The job market looks solid on paper. In 2023, unemployment hit a 54-year-low at 3.4% in January, according to the U.S. Department of Commerce. Bureau of Labor Statistics reported that U.S. employers added 2.7 million people to the payroll the same year. But it’s a different story for active job …
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Binance, one of the world’s largest cryptocurrency exchanges, has laid off over 1,000 employees in recent weeks, according to a report by the Wall Street Journal. The ongoing exercise could reportedly result in Binance losing more than a third of its staff. The job cuts come amid increasing regulatory scrutiny …
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According to reports, the Warner Music layoff will not impact initiatives central to the company’s future, including Web3 and AI. Despite firing 270 employees on Wednesday, Warner Music Group’s layoff will likely spare staff in the company’s Web3 and AI-focused endeavors. The record label considers these emerging tech initiatives central …
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Amidst large layoffs within the American tech sector which have resulted in numerous Indian professionals being jobless, two Indian-American organisations have launched a web based petition urging President Joe Biden to increase the grace interval of H-1B visas holders from two months to a …
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When Michelle Valera bought a last-minute assembly request at work final week, she instantly whipped out her telephone. She recorded herself on TikTok studying the e-mail, despatched from somebody up the company ladder at her actual property advertising agency: “Michelle, I am scheduling this mandatory meeting to discuss an important …
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Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Pictures Days after Google introduced the biggest spherical of layoffs within the firm’s 25-year historical past, executives defended the job cuts and took questions from a involved workforce throughout a city corridor assembly on Monday. Google CEO Sundar Pichai led …
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Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable. According to reports, music streaming giant Spotify (NYSE: SPOT) is planning a staff layoff this week. The latest Spotify layoff comes amid the sustained economic slowdown and follows last October’s headcount reduction. At a 2022 …
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Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs at companies like Google, Microsoft and Amazon, are now struggling to find new employment within the stipulated period under their work visas following the …
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Google is the latest to lay off 12,000 employees, or about 6 percent of its workforce. (Image: REUTERS/Shannon Stapleton) Companies such as Amazon, Vimeo and Salesforce among others terminated 30,611 employees in the first six days of January Tech layoffs is once again trending on social media as major IT …
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Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6 percent of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 3 percent in pre-market trading. The cuts …
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Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.com. The company earlier today announced a global …
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Goldman Sachs Group Inc. is embarking on one among its greatest rounds of job cuts ever because it locks in on a plan to get rid of about 3,200 positions this week, with the financial institution’s management going deeper than rivals to shed jobs. …
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