Microsoft has announced that the U.S. multinational corporation and technology conglomerate will soon be laying off nearly 3% of its global workforce — affecting around 7,000 employees.
Read More Report: Microsoft To Lay Off 3% Of Workforce, Affecting Thousands
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
Employees across the U.S. Department of Health and Human Services began receiving notices of dismissal on Tuesday in a drastic change that will lay off close to 10,000 people.
Read More HHS Layoffs Begin Impacting HR, Finance, And IT Departments
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Read More Wall Street job cuts loom as market turmoil stalls deals
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March.
Read More US labor market remains stable, but job opportunities limited
Job openings, a measure of labor demand, rose 232,000 to 7.740 million on the last day of January, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey.
Read More US job openings increase in January; layoffs decline