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“Tech’s slow-motion crash is now Mayor Eric Adams’ problem” Not even a week after Facebook laid off 871 New York City employees and not even two after Twitter laid off 418 locals, Mayor Eric Adams announced the city’s deficits over the next 3 ½ years are $1.5 billion worse than he projected in July, for a total $13.4…
“Amazon’s new ‘Sparrow’ robot threatens to take warehouse worker jobs” Amazon unveiled its new ‘Sparrow’ sorting robot that could soon replace some human workers in its warehouses. The robot is designed to identify and sort specific products along Amazon’s fulfillment line, a task that previously could only be done by humans. “Sparrow is the first…
“Your wallet is telling you how to vote on Nov. 8” In case you had any remaining doubts about the state of the economy before Election Day, Friday brought the worst jobs report of the Biden era. America added 261,000 jobs in October, the second-fewest since the bounceback from COVID began. And unemployment rose to…
“Laid-off Twitter employees reveal their fates: ‘8 months pregnant’” Elon Musk-led Twitter began a long-dreaded and drastic round of layoffs on Friday — and numerous workers took to the social media site to confirm they were caught in the bloodbath. Company officials began informing laid-off employees about their fate via an email message on Friday…
“Ex-Amazon staffers say ‘frugal’ company made them split bagels” Ex-Amazon employees are commiserating about their experiences at the “frugal” tech giant — with one describing how workers were forced to split bagels at office gatherings due to budget limitations. On an internal email thread among more than two dozen former Amazon employees who have since…
“Fewer Americans are switching to new jobs, NY Fed survey shows” The number of Americans quitting their jobs for a different one declined in July, according to a Federal Reserve Bank of New York survey published Monday, a sign the so-called Great Resignation is slowing down. The rate of transitioning to a different employer declined…
“Walgreens is offering up to $75,000 to recruit pharmacists amid shortage” Pharmacists are in such high demand that Walgreens is offering a hefty signing bonus of up to $75,000. The Wall Street Journal reported Thursday that typically Walgreen signing bonuses are around $30,000 or $50,000. But due to pandemic-related staffing challenges, the signing bonus can be up to…
“How to find a job as a designer in an economic recession” Let me paint a picture you might just be all too familiar with. Google, Tesla, and Meta announced hiring freezes just weeks apart from each other. The supply chain is still creating problems for companies and causing crucial delays in product deliveries. The…
“Why red states are winning the post-COVID economy” The numbers are in: Red states are winning the post-COVID economic realignment, reports the Wall Street Journal, and blue states are losing. The overall share of US jobs in red states has jumped more than half a percentage point since February 2020. And red states as a…
“Larry Summers says steep joblessness needed to beat inflation” Former Clinton Treasury Secretary Larry Summers is defending his comments from last month in which he claimed that millions of Americans may need to lose their jobs in order for inflation to come under control. Summers, who has emerged as a chief critic of the Biden…