CBS owner Paramount cuts 800 jobs two days after record-setting Super Bowl
CBS parent company Paramount Global plans to cut hundreds of jobs just days after broadcasting the most-watched Super Bowl in history, according to a report Tuesday. The job cuts will reduce the company’s workforce by about 3 percent, the Guardian reported. reportIt said staff were notified of the decision on Tuesday. “To those who have […]
Instacart cutting 250 jobs weak sales growth sends shares plunging
Instacart announced Tuesday that it plans to cut 250 jobs, or about 7% of its workforce, to focus on “promising” initiatives. But shares of Instacart, officially known as Maple Bear, fell about 10% in after-hours trading after the company missed fourth-quarter revenue estimates. The grocery delivery company joins several companies in the U.S. and Canada […]
Paramount Global slashing 800 jobs amid takeover talks, record Super Bowl: report
Paramount Global will lay off about 800 people, or about 3% of its workforce, as the company aims to cut costs and return to revenue growth this year, people said Tuesday. In a memo to employees seen by Reuters, CEO Bob Bakish said affected employees based in the U.S. would be notified on Tuesday, and […]
Tesla layoff fears mount as EV giant reportedly assessing which jobs are ‘critical’
A former Tesla director is reacting to the stock’s jump after Elon Musk warned of a production slowdown in 2024. Electric vehicle giant Tesla is reportedly considering which positions are absolutely necessary, raising concerns among employees that layoffs at the company are imminent. To quote someone close to me, reported by bloomberg Tesla on Wednesday […]
Amazon to cut hundreds of jobs across its healthcare units
Amazon Healthcare Services executive Neil Lindsay said in a letter to employees Tuesday that Amazon will cut hundreds of jobs across its healthcare division. The layoffs Opens in a new tab Approximately 115 positions could be cut at One Medical and Amazon Pharmacy, as first reported by Business Insider. Sources cited by Insider estimate that […]
What the White House is hiding in the latest jobs report
Although the media tells us that the economy is booming, the average American is well aware of the truth that the economy is suffering. “All the way up to the election, they have to convince Americans that they are the only problem,” says Glenn Beck. The recently released January 2024 jobs report claims an unexpected […]
Higher ed is facing a ‘giant reckoning’ as blue-collar jobs prevail, Mike Rowe warns
Mike Rowe, CEO of MikeRoweWorks Foundation, examines the challenges American families face when paying for child care and considering higher education. Skilled workers advocate Mike Rowe warns that US higher education faces a ‘huge reckoning’ as more families reevaluate their options when it comes to child care and degrees. did. “I believe there is a […]
The Jobs Numbers Are Real and Not Just Government Workers
The surprisingly strong January jobs report reflects real employment and productivity growth, not just growth in government and government-adjacent jobs, Breitbart Economics Editor John Carney said Friday. explained in an interview. interview With Fox Business host Larry Kudrow. Mr. Kudlow initiated the discussion with Mr. Carney, former Congressional Budget Office Director Douglas Holtz-Eakin, and Mr. […]
US adds 353K jobs in January, soaring past expectations
The U.S. economy added 353,000 jobs in January, pushing the unemployment rate to 3.7%, according to data released Friday by the Labor Department. January’s employment report far exceeded the Wall Street Journal’s forecast of an increase in jobs of 185,000 jobs and an unemployment rate of 3.8%. “The labor market is a small driver of […]
The Blowout Jobs Numbers Mean a May Cut Is Unlikely
Increase in number of job openings January’s jobs report, which was much better than expected, shows that the Fed was absolutely correct in ruling out a March interest rate cut this week.flat A rate cut in May seems unlikely at this point.. The economy has also been added 353,000 jobs in January, confirming the decline […]