Mark Zuckerberg has spent the last nine months against the ropes as his company has made big cuts to its work force and struggled to gain mainstream traction with its ambitious plans for virtual reality. On Thursday, he told Meta employees how he planned to get the company back on track. In an all-hands meeting, […]
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Why It Matters: The decline hurts job seekers without college degrees and worsens disparities. “New York is on the verge of a crisis, when it comes to jobs that are accessible to New Yorkers without a college degree,” Mr. Bowles said, and the decline is contributing to widening racial disparities. More than 70 percent of […]
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Few major airlines in the world were hit by the Covid pandemic as hard as Cathay Pacific, the flagship carrier of Hong Kong, or have labored so mightily to recover from it. Its business was decimated by some of the industry’s most expansive flight bans and quarantine requirements. And the pandemic wasn’t the start of […]
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When Congress held a series of hearings on jobs and technological advancement in October 1955, the head of a railroad worker organization took the stand to express his fears about automation. “There is uneasiness among our workers as they assess the advance of the new technology,” said W.P. Kennedy, president of the Brotherhood of Railroad […]
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The number of Americans who will fly this summer could eclipse the prepandemic high from 2019. That would be great news for airlines, but it could also cause a backlash against the industry if it fails to keep up with demand and delays or cancels thousands of flights. The recovery from the pandemic has been […]
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A little over a year into his first term, President Bill Clinton made good on a promise to return to MTV if young voters sent him to the White House. The town hall-style program in 1994 was meant to focus on violence in America, but it was a question of personal preference that made headlines […]
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LinkedIn, the networking platform used by millions of employees and companies, said on Monday it will pare down its operations in China, capping a multiyear pullback that exemplified the challenges of running a foreign business in China. The company, owned by Microsoft, said it will lay off 716 employees worldwide, including teams dedicated to engineering […]
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The labor market is still defying gravity — for now. Employers added 253,000 jobs in April on a seasonally adjusted basis, the Labor Department reported Friday, in a departure from the cooling trend that had marked the first quarter and was expected to continue. The unemployment rate was 3.4 percent, down from 3.5 percent in […]
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Raliek Mitchiner, 22, who had a conviction when he was a minor, said he did not receive calls back for several jobs he has applied for since 2021. “When they hear Raliek, they automatically assume ‘he’s Black,’” he said. “No one knows that I’m a good worker, I’m a good guy, and it sucks.” Mr. […]
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BuzzFeed is shutting down its news division as part of an effort to cut 15 percent of its work force, the company’s chief executive, Jonah Peretti, said Thursday in a memo to employees. About 60 jobs will be affected by the shuttering of BuzzFeed News, according to a person familiar with the matter who spoke […]
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“Raise your hand if you know who is getting fired?” a Meta employee wrote in an online chat group for the company’s engineers this month. “Fire emoji if you think it’s a dumpster fire.” In response, his colleagues posted dozens of tiny flame emojis. “I’m already fired,” added a former Meta employee who worked in […]
Read MoreCalifornia has often been at the country’s economic forefront. Now, as fears of a national recession continue to nag, the state is hoping not to lead the way there. While the California economy maintains its powerhouse status, outranking even those of most countries, the state’s most-powerful sectors — including tech companies and supply chain logistics […]
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This week, McDonald’s asked corporate employees, who usually work from the office at least three days a week, to do the job from home. The plan was to lay off hundreds of employees, DealBook hears, and the company preferred to deliver its news virtually. McDonald’s isn’t the only company to tweak the layoff playbook. In […]
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Virgin Orbit, a satellite launch company whose fortunes have sunk since one of its rockets failed to reach orbit in January, filed for bankruptcy protection in the United States on Tuesday. The company, founded by Richard Branson, had an unusual way of getting satellites into space: A converted Boeing 747 aircraft would carry aloft a […]
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Norfolk Southern once had so few accidents and injuries that it won the rail industry’s prestigious E.H. Harriman safety award for 23 years in a row until it was retired in 2012. But in the last decade, the company has gone from an industry leader to a laggard. The rate at which its trains are […]
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Despite the collapse of Silicon Valley Bank and the shock waves it sent through the banking sector — due, in part, to the bank’s risky exposure to higher interest rates — the Federal Reserve raised interest rates again, the ninth increase in the past year. Jerome Powell, the chairman of the Fed, has made one […]
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Mr. Musk has forged relationships with Republicans, who have cheered his vision for a Twitter that is free of policies restricting what can be said on the platform. Earlier this year, he met with Representative Jim Jordan, Republican of Ohio and the leader of a subcommittee of the Republican-controlled House Judiciary Committee focused on “weaponization” […]
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The board of the nonprofit owner of The Texas Observer voted on Wednesday to rescind plans to lay off the staff of the liberal magazine and will continue to publish opinion and investigative journalism, the board president said. The announcement came one day after The Observer reported that the Texas Democracy Foundation, the nonprofit publisher […]
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The Texas Observer, a small but deep blue bastion of liberal opinion and muckraking journalism in the most populous red state, said this week that its nonprofit owner planned to lay off its staff and stop publication on Friday after 68 years. But The Observer’s former and current staff members are fighting the shutdown and […]
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In December, the staff of the American Writers and Artists Institute — a 26-year-old membership organization for copywriters — realized that something big was happening. The newest edition of ChatGPT, a “large language model” that mines the internet to answer questions and perform tasks on command, had just been released. Its abilities were astonishing — […]
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Parts of Twitter’s source code, the underlying computer code on which the social network runs, were leaked online, according to a legal filing, a rare and major exposure of intellectual property as the company struggles to reduce technical issues and reverse its business fortunes under Elon Musk. Twitter moved on Friday to have the leaked […]
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Amazon plans to lay off 9,000 corporate and tech workers by the end of April, adding to the 18,000 roles it already cut late last year and this January, Andy Jassy, the company’s chief executive, said in a note to employees on Monday. The new layoffs, which amount to roughly 3 percent of its corporate […]
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Meta, the owner of Facebook and Instagram, said on Tuesday that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force, the latest move to hew to what the company’s founder, Mark Zuckerberg, has called a “year of efficiency.” The layoffs will affect its recruiting team this week, with […]
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After an explosion in job growth at the start of the year, new data on Friday will show whether employers moderated their hiring in February — and whether any slowdown was enough to fundamentally upend the labor market’s momentum. Forecasters estimate that the economy added 225,000 positions last month, which would constitute a return to […]
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“We always said it was like a start-up,” Mr. Anderson wrote, “with zero risk if you failed.” The layoffs, which totaled about 18,000 across Amazon, came with a hiring freeze, limiting options for movement internally. Numerous employees of the company wrote Mr. Anderson that his post had hit a nerve. They told him that they […]
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Amazon has paused construction on its second headquarters in Virginia, a move that comes as the company tries to cut costs amid slower growth and tighter profit margins. The delay was confirmed on Friday by Amazon’s real estate chief, John Schoettler. “We’re always evaluating space plans to make sure they fit our business needs,” he […]
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“Here’s a day in the life working at Google,” the clip opens. We watch a woman in Los Angeles drive to the office, get valet parking, fetch some iced coffee and a banana and tend to some tasks on a blurred-out screen. She shows off but declines to eat drawers full of snacks, then describes […]
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After Elon Musk bought Twitter last year and eliminated thousands of its employees, many users were so alarmed by the cuts that #RIPTwitter and #GoodbyeTwitter began trending. The social media service remains operational today. But its outages, bugs and other glitches are increasingly piling up. In February alone, Twitter experienced at least four widespread outages, […]
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Emma McConville was thrilled when she landed a job as a geologist at Exxon Mobil in 2017. She was assigned to work on one of the company’s most exciting and lucrative projects, a giant oil field off Guyana. But after oil prices collapsed during the pandemic, she was laid off on a video call at […]
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Twitter laid off at least 200 of its employees on Saturday night, three people familiar with the matter said, or about 10 percent of the roughly 2,000 who were still working for the company. Elon Musk, who acquired the social media platform in October, has steadily pared back its work force from about 7,500 employees […]
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During the height of the pandemic, hungry and housebound customers clamored for Home Run Inn Pizza’s frozen thin-crust pies. The company did everything to oblige. It kept its machines chugging during lunch breaks and brought on temporary workers to ensure it could produce pizzas at the suddenly breakneck pace. More recently, demand has eased, and […]
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