The number of U.S. potential workers applying for unemployment benefits rose to 240,000. This is the highest number of unemployment claims since August 2021. However, the unemployment claim numbers for the week is still well below historic trend. More applications than expectations The U.S. Labor Department published unemployment claims data on Wednesday. The data showed […]
The New York City has passed a legislation directing roughly 4 million private employers to publish the salary range on all posted jobs. Moreover, The salary range listing is necessary on all job advertisements, promotions and transfer opportunities. Law will bring salary transparency The law regarding posting salary ranges for published job is finally in […]
SK Signet, has announced to open a new electric vehicle EV charger facility in Plano, Texas. Moreover, the company will also create up to 183 highly skilled jobs for the new manufacturing facility. $24.2 million investment SK Signet is a top global manufacturer of electric vehicle charging solutions. Their new project is likely to produce […]
Amazon has planned to lay off approximately 10,000 workers. These layoffs will pertain to corporate and technology units. Moreover, this will be the largest job cuts in the company’s history. Job cuts in corporate and technology According to New York Times, Amazon has initiated the largest job cuts during this week. The job cuts will […]
U.S. tech industry is going through some turbulent times. Many large enterprises managed to perform exceptionally well during the pandemic and their revenues multiplied during that time. However, the growth has now subsided and is denting companies profits. In wake of high consumer demand the companies hired massively during the past couple of years. But, […]
Barlto Packaging (BPS) has announced to expand its operations in Helena, Arkansas with an investment of $1.3 million. Moreover, the expansion plans will create approximately 50 new jobs. New Facility Barlto Packaging specializes in repackaging powders, liquids and granules into unit dose packages. The packaging company has recently acquired a 105,000-square-foot building which is adjacent […]
Tata Consultancy Service (TCS) is expanding its footprints in United Stated, especially in Illinois. Therefore, the company has announced to create 1,200 new jobs by the end of 2024 in Illinois. TCS has hired more than 1,000 workers in Illinois during 5 years TCS is part of India’s largest multinational business group Tata. Moreover, TCS […]
Walt Disney has issued an internal memo to its executives to reduce its operations cost. The company has lost billions over the past few years. Therefore, Disney has announced job cuts to reduce its workforce. Moreover, the company has also instituted a targeted hiring freeze. CEO’s Memo An internal memo was leaked which was issued […]
Meta has confirmed a huge round of layoffs across its companies including Facebook, Instagram and WhatsApp. The layoffs will amount to 13% of Meta’s total workforce. Moreover, this is for the first time that the tech company has initiated the mass layoffs. Mark Zuckerberg’s announcement Meta’s CEO Mark Zuckerberg announced these job cuts in a […]
BT has warned of thousands of jobs cuts amid soaring inflation and rising energy bills. Hence, in wake of these challenges the company has revised its cost saving target to £3bn. Target to save additional £500m BT is a British multinational telecommunications company having its headquarters in London, England. It is operating in more than […]