by Christine Moukazis | Jan 23, 2023 | Latest News
When Jeffrey Durante was laid off from a financial technology company in August, he hoped he could land a new job by November. But come mid-January, Mr. Durante was still searching for a product-manager job or related role. And he isn’t alone. Unemployed Americans...
by Christine Moukazis | Jan 23, 2023 | Latest News
Google owner Alphabet asked cofounders Larry Page and Sergey Brin for help after issuing a “code red” following the release of OpenAI’s writing tool, The New York Times reported. The release of ChatGPT on November 30 has sparked internal concerns...
by Christine Moukazis | Jan 17, 2023 | Latest News
Higher interest rates will push the US economy into a recession this year, according to a survey of business and academic economists. The Wall Street Journal reports in a poll that on average, economists put the probability of a recession in the next 12 months at 61%....
by Christine Moukazis | Jan 17, 2023 | Latest News
Businesses and lawyers are beginning to assess what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts could mean for worker mobility, wages and the way future compensation agreements are structured. While a full or partial ban...
by Christine Moukazis | Jan 17, 2023 | Latest News
A Canadian accountant has been ordered to repay her employer for “time theft” after the company’s tracking software determined that she was performing personal tasks while she claimed to be working. The court ruling marks one of the first instances...
by Christine Moukazis | Jan 9, 2023 | Latest News
Will the U.S. economy enter a “richcession” in 2023? And how bad will it be? These are not the questions economists have been asking because they’ve been too busy worrying about a recession. But this time, any downturn in the economy could really be...
by Christine Moukazis | Jan 9, 2023 | Latest News
A Tesla Inc. software engineer could earn anywhere from $83,200 to $417,600. Netflix Inc. has one job posting advertising a pay range of $90,000 to $900,000 and another at $50,000 to $600,000. Under a new California law that took effect this week, all companies with...
by Christine Moukazis | Jan 9, 2023 | Latest News
Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday, according to a person with knowledge of the firm’s plans. That amounts to 6.5% of the...
by Christine Moukazis | Jan 3, 2023 | Latest News
The Great Resignation is an economic trend we’ve seen throughout 2022. However, with an imminent recession, many have become worried about the future of hiring. Large, profitable tech companies have reported layoffs this year, with more job cuts expected. But although...
by Christine Moukazis | Jan 3, 2023 | Latest News, Remote Work
Employers are losing their patience with empty desks in the office. Companies including investment giant Vanguard Group, workplace technology company Paycom Software Inc. PAYC -1.70%decrease; red down pointing triangle and others have sent directives to employees in...
