Workers

Microsoft Planning Huge Global Layoffs

Microsoft Planning Huge Global Layoffs

Bill Gates-founded tech giant Microsoft is planning a huge round of layoffs from its global workforce this Summer. The company reported it is planning to slash approximately 3 percent of its global workforce. Those cuts include 1,985 workers in Washington State. The jobs cull in the state was revealed by…
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New Job Numbers Plummet in May, Way Below Expectations

New Job Numbers Plummet in May, Way Below Expectations

American businesses added far fewer new jobs in May than expected, making the month the worst of the year so far, a new report shows. According to payroll giant ADP, U.S. businesses added just 152,000 new jobs in May. The figure fell far short of the 175,000 new jobs economists…
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IBM to Replace 8,000 Workers with Artificial Intelligence

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

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,…
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