Jobs Archives - Slay News

Karine Jean-Pierre: ‘Americans Feel Better about Their Finances’ Thanks to Biden

White House Press Secretary Karine Jean-Pierre has claimed that the American people "feel better about their personal finances" thanks to Democrat President Joe Biden's handling of the economy. Jean-Pierre was swiftly, and brutally, fact-checked over the claim, however. During the White House press briefing, CNN reporter Jeremy Diamond asked why…

Disney Begins Laying Off Thousands of Employees

Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce. According to a Thursday report from Deadline, the layoffs are impacting staffers in the United States and the EMEA region (Europe, the Middle East, and Africa). Deadline…

Tech Companies Announce Major Layoffs amid Mounting Economic Fears

Large tech companies are continuing to gut their workforces as economic fears mount. The mass layoffs that started late last year have continued into 2023. Major firms are announcing mass layoffs due to recession fears and economic slowdowns. So far this year, the number of tech layoffs globally has exceeded…

Regional Bank Stocks Rebound as Jobs Report Beats Forecasts

A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply. Regional bank shares rallied premarket and extended those gains in early trading Friday. The spike comes after a bruising session on Thursday. The turnaround came as a government jobs…

IBM to Replace 8,000 Workers with Artificial Intelligence

Tech giant IBM is stopping all new hires of human workers for jobs that can be filled by artificial intelligence (AI), according to reports. IBM CEO Arvind Krishna has revealed that the company is planning to replace almost 8,000 employees with AI over the next five years. According to Bloomberg,…

Goldman Sachs: AI Could Automate Two-Thirds of All American Occupations

Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI). Top economists Joseph Briggs and Devesh Kodnani issued the warning in a report published on April 5. According to the report, a new wave of AI systems, such as ChatGPT,…

U.S Adds 236,000 Jobs as Labor Market Slows in March

The United States added 236,000 new jobs in March, slightly below the market estimate of 238,000, according to the latest government data. The jobs numbers, from the Bureau of Labor Statistics (BLS), show the labor market weakened last month. The number of jobs added to the economy in March is…

Facebook to Slash ‘Thousands More Jobs’ as Company Continues to Struggle

Facebook's parent company Meta is due to slash "thousands more jobs" on Wednesday, according to reports. The move comes after the company fired around 11,000 employees in November. Meta is reportedly coming down hard on "projects that aren't performing" as the company continues to struggle. Meta, which owns Facebook, WhatsApp,…

U.S Economy Adds 311,000 New Jobs as Labor Growth Continues

The U.S. economy added 311,000 new jobs in February, according to the latest figures. Economists had projected 205,000 new positions last month. However, the number was down from 504,000 in January, according to the Bureau of Labor Statistics (BLS). The unemployment rate climbed to 3.6 percent, up from 3.4 percent,…

Falling Labor Participation Rate ‘Really Troubling’ for Economy, Experts Warn

America’s low labor participation rate has become a problem for the U.S. economy, experts are warning. A large number of American workers have failed to return to work since the Covid pandemic. Economists are saying that an unprecedented drop in labor participation across the country has become widely noticeable. Health…