The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more
Tag: layoffs
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
Micron sales dive nearly 50%, and decline is expected to get worse as layoffs planned
Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
U.S. jobless claims jump to 240,000, highest since August
The numbers: Initial jobless benefit claims rose by 17,000 to 240,000 in the week ended November 19, the U.S. Labor Department said Wednesday. Economists polled by The Wall Street Journal Read more
Amazon CEO says more layoffs are coming in 2023
Amazon.com Inc. plans more layoffs, but employees will have to wait until 2023 to see if their jobs are affected. Chief Executive Andy Jassy said Thursday that while Amazon AMZN, Read more
U.S. jobless claims dip to 220,000 but layoffs are starting to rise
The numbers: The number of Americans who applied for unemployment benefits in mid-November fell slightly to 222,000 — a low number historically — but layoffs have edged higher in the Read more
Recessions always spur big layoffs, but the Fed thinks this time might be different
Can the Federal Reserve slow the economy and crush high inflation without triggering mass layoffs? Top officials at the central bank think they can pull it off. Most economists predict Read more
U.S. jobless claims tick higher in latest week
The numbers: Initial jobless claims rose 7,000 to 225,000 in the week ended November 5, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
U.S. jobless claims tick higher in latest week
The numbers: Initial jobless claims rose 5,000 to 225,000 in the week ended November 5, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says ‘I take responsibility’
Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company’s beaten-down stock. Chief Executive Mark Zuckerberg told employees that he planned to lay off Read more