Amazon gives front-line workers a $500 coronavirus bonus

Amazon on Monday said it will provide warehouse, delivery, Whole Foods workers, as well as some Flex drivers, with a one-time “Thank You” bonus for working during the coronavirus pandemic. Full-time Amazon employees will receive a $500 bonus, while part-time workers...

Employment recovery may be slowing as virus cases climb

Data from Homebase, a scheduling firm that works many small and medium sized businesses in the service sector, shows that employment may have declined over the past week in some areas. The Homebase data is not a representative sample of the U.S. economy, but it does...

Does political banter belong in the office?

Embarrassed. That’s how Sam Smith (last name changed), 32, says he feels about JPMorgan CEO Jamie Dimon’s 2018 rant in which he claimed to be tougher and smarter than President Trump, and that he could beat him in an election. “It’s disconcerting when the CEO of your...

Macy’s to slash 3,900 corporate jobs in restructuring

Macy’s announced Thursday it is laying off 3,900 corporate jobs, or 3% of its total workforce. The department store chain said it expects to save about $365 million through the layoffs in fiscal 2020. Macy’s announced Thursday it is laying off 3,900 corporate jobs, or...

How the pandemic will reshape the job market

A shock to the job market as massive and as sustained as the coronavirus will leave lasting change — and damage — in its wake. The big picture: We jumped from the best labor market in 60 years, before the coronavirus, to the worst, in April. As the country comes back,...

These companies laid off thousands of employees this week

New York (CNN Business) — The effects of the coronavirus are still battering the economy, despite small signs of a turnaround. Just look at the most recent numbers: Another 1.5 million US workers filed for first-time jobless benefits last week, the Department of...