Tag Archives: Labor

The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in the industry. “It is an employer’s market after years of employees having the benefit of working from home …

Image: Blizzard Workers at Proletariat Studio, also known as Blizzard Boston, won’t be unionizing after all. The Communications Workers of America Union announced on Tuesday that it will pull its petition for a union election, and blames Proletariat CEO Seth Sivak for treating workers’ organizing efforts as a personal betrayal …

3M Co. said it is cutting 2,500 manufacturing jobs globally as the company confronts turbulence in overseas markets and weakening consumer demand. The maker of Scotch tape, Post-it Notes and thousands of other industrial and consumer products said Tuesday that it expects lower sales and profit in 2023 after demand …

Walmart Inc. WMT 0.41% said it is raising wages for its U.S. hourly workers as the retailer continues to fight to attract staff in a tight labor market for front-line workers. Starting next month, Walmart’s U.S. workers in stores and warehouses will earn a starting wage of at least $14 …

If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain …