by Christine Moukazis | Nov 28, 2022 | Latest News
A Mississippi-based furniture company, United Furniture Industries, has become a bad Samaritan for its employees just before Thanksgiving. The company fired almost 2,700 employees in text messages and emails. The company’s employees, spread across North Carolina,...
by Christine Moukazis | Nov 21, 2022 | Latest News
Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter. The executive change came together quickly, blindsiding Chapek and his...
by Christine Moukazis | Nov 21, 2022 | Latest News
The rollout of New York City’s salary transparency law on Nov. 1 was kind of a disaster: During its first few days, New Yorkers called companies out for posting $2 million pay ranges, deleting posts and advertising six-figure bands that tested the law’s requirement to...
by Christine Moukazis | Nov 14, 2022 | Latest News
Wall Street major Morgan Stanley (MS.N) is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn. In Asia Pacific, the...
by Christine Moukazis | Nov 14, 2022 | Latest News
US$1.4 trillion: that’s how much the 500 wealthiest people in the world cumulatively lost in 2022 alone, Bloomberg has reported. To put that into perspective, that’s about as much as Spain’s GDP last year, which was US$1.43 trillion in 2021, according to The World...
by Christine Moukazis | Nov 14, 2022 | Latest News
The tool, initially announced in October 2022 at the second Google for Africa Event, was designed to help Google Career Certificates learners prepare for job interviews, but it is available for everyone to use. An average job listing in Africa attracts over 2 400...
by Christine Moukazis | Nov 14, 2022 | Latest News
Over the past week, Silicon Valley companies have laid off 20,000 employees, a swift ramp-up of the job cuts and hiring freezes that have been ricocheting through the tech industry for months. Twitter, Facebook parent Meta, payment platform Stripe, software service...
by Christine Moukazis | Nov 14, 2022 | Latest News
Amazon plans to lay off approximately 10,000 corporate and technology workers possibly as soon as this week, according to a report by the New York Times, making it the latest tech giant to see mass employee cuts. The report, which was based on anonymous sources “with...
by Christine Moukazis | Nov 7, 2022 | Latest News
That’s executives at leading hedge-fund firm Elliott Management Corp. warning that the world is heading toward the worst financial crisis since World War II. In a letter sent to investors, and reportedly seen by the Financial Times, the Florida-headquartered firm told...
by Christine Moukazis | Nov 7, 2022 | Latest News
New laws are making it easier than ever to know how much a given job pays. Pay transparency legislation is gaining momentum in cities and states across the country, from New York City to California and Washington state. Being armed with information about the salary...
