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US employers added 261000 jobs in October
Employment USAU.S employers maintained their hiring growth and managed to add 261,000 new jobs during October. Moreover, there has been continuous improvement in job growth for the past several months. However, the national unemployment rate rose to 3.7% during last month. Election Day and job numbers The Election Day is nearing and positive growth in job […]
Amazon is freezing hiring of corporate workers
Employment Seattle, Employment USAAmazon released a memo on Thursday stating that they are freezing the hiring of its corporate workforce. Previously, the e-commerce giant announced to hiring for corporate roles in its retail business. Extended hiring freeze Some of the largest tech firms in United States are reshaping its workforce in wake on rising economic uncertainty. The demand […]
Lyft is cutting 683 jobs
Employment USAOnline taxi service Lyft has announced to lay off 13% of its total workforce. Moreover, the ride hailing service termed high inflation and weakening economy as reasons for cutting jobs. Restructuring strategy will preserve profit Decades high inflation, high fuel prices and economic challenges is affecting several businesses across the United States. Therefore, companies operating […]