Tag Archives: jobs

(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft’s move could indicate that the tech sector may continue to… Source link

Video-sharing platform ShareChat is the latest technology company linked to Alphabet ‘s Google to cut jobs. The Indian-based start-up said it is laying off around 20% of its workforce. ShareChat was reportedly valued at $5 billion in its latest funding round last year, with backing from Alphabet ‘s (ticker: GOOGL) Google. However, ShareChat said Monday that it was… Source link

The Congress on Friday lashed out at the BJP, using its rival’s tag line of “acche din (good days)”, as it accused the ruling party of failing to deliver its poll promise. The BJP had centered its 2014 Lok Sabha election campaign around the promise of “acche din” and ending corruption. While the grand old party has faced multiple poll setbacks since then, that has not stopped it from attacking its rival. In its latest attack, the party tweeted a meme on Google search of jobs in current… Source link

Alphabet the parent of search-engine Google, is cutting jobs at its healthcare and robotics units as the latest round of technology-sector layoffs gathers pace. Verily Life Sciences, is letting go of 200 employees, affecting some 15% of roles at the company, and Intrinsic, a robotics software company is laying off 40 employees. Both divisions are within Alphabet’s (ticker: GOOGL) Other Bets unit. The cuts were reported by… Source link

The U.S. economy added 223,000 jobs in December, more than economists expected, while the unemployment rate fell to 3.5%. Job growth has slowed in recent months against a backdrop of higher interest rates, but the labor market remains tight despite the Federal Reserve’s efforts to cool demand for workers that has placed upward pressure on wages and driven up inflation. December’s report showed wage growth cooled slightly, a sign investors perceived may ease the pressure off of Fed officials to… Source link

A 2017 report by the Inspector General for the National Science Foundation also found ethics concerns and recommended that the foundation “take corrective actions to strengthen controls over IPA conflicts of interests, including reassess controls to ensure staff do not have access to awards and proposals for which they are conflicted.” In a statement, FAS said that “we have strict policies in place to ensure the integrity and independence of the process by mandating a firewall between… Source link

Steve Jobs is considered by many to be the mastermind of Apple (AAPL) and its immeasurable impact on the world of technology. According to one former company executive, however, Jobs wouldn’t have gotten as far as he did without some assistance from Tim Cook, who served as executive vice president for worldwide sales and operations and is now CEO of the company. “While I’m in no position to comment on many things about [Jobs], the journey of [Jony] Ive and Tim Cook and others, the… Source link

Photo supplied Leslie Meredith

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Job growth beats expectations; unemployment rate steady at 3.7% * Ford falls on lower November vehicle sales * Dow down 0.29%, S&P 500 down 0.54%, Nasdaq down 0.75% (Updates to mid-afternoon, changes byline) By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) – U.S. stocks fell on Friday, although major indexes recovered from their lowest levels, as the November payrolls report fueled expectations the… Source link

U.S. stocks sank Friday morning after stronger-than-expected jobs data had investors recalibrate expectations around when the Federal Reserve will pause its rate-hiking campaign. The Labor Department’s monthly jobs report for November showed payrolls grew by 263,000, higher than estimated, while unemployment held at 3.7%. Bloomberg expected a print of 200,000 for the month. The S&P 500 (^GSPC) tumbled 1.4%, while the Dow Jones Industrial Average (^DJI) fell by 1.1%, or nearly 400 points. The… Source link