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Tag: Layoffs

SAN FRANCISCO, CA - NOVEMBER 09: Job seekers wait in line to enter the San Francisco Hire Event job fair on November 9, 2011 in San Francisco, California. The national unemployment rate dipped this past month to 9 percent in October after employers added 80,000 jobs. (Photo by Justin Sullivan/Getty Images)

Report: U.S. Job Market Weakens In June

The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday. 

Read More Report: U.S. Job Market Weakens In June
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims rise as labor market gradually slows

Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.

Read More US weekly jobless claims rise as labor market gradually slows
A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. REUTERS/Brian Snyder

US weekly jobless claims edge higher, Q1 labor costs revised lower

The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.

Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
US-ENTERTAINMENT-CINEMA-PIXAR The gates to Pixar's campus is seen in Emeryville, California, on November 29, 2016. Over 21 years of unparalleled success, the executives at animation studio Pixar have developed an aphorism they are fond of repeating -- that their movies are never finished, just released. The motto speaks to the perfectionism that has seen the company gross almost $11 billion and win 13 Oscars since "Toy Story" blazed a trail as the world's first feature-length computer-generated animation in 1995. (Photo by Frankie TAGGART / AFP) / TO GO WITH AFP STORY BY FRANKIE TAGGART-"Pixar celebrates 21 years with 'love letter' to Mexico" (Photo by FRANKIE TAGGART/AFP via Getty Images)

Pixar Lays Off Nearly 200 Staffers

Pixar Animation Studios has been hit with another round of layoffs, as 175 employees were recently let go.

Read More Pixar Lays Off Nearly 200 Staffers
NEW YORK, NEW YORK - JULY 28: A "help wanted" sign is displayed in a window in Manhattan on July 28, 2022 in New York City. The Commerce Department said on Thursday that the nation's Gross Domestic Product (GDP) fell 0.2 percent in the second quarter. With two GDP declines in a row, many economists fear that the United States could be entering a recession. (Photo by Spencer Platt/Getty Images

Report: U.S. Jobless Claims Increase To Highest Level Since August

Unemployment benefit claims have climbed to its highest level since August 2023, initial filings show. 

Read More Report: U.S. Jobless Claims Increase To Highest Level Since August
CORAL GABLES, FLORIDA - JANUARY 20: A Peloton bike on the showroom floor on January 20, 2022 in Coral Gables, Florida. Reports indicate that Peloton Interactive Inc is temporarily halting production of its bikes and treadmills after a drop in demand for the products. (Photo by Joe Raedle/Getty Images)

Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%

Peloton’s Chief Executive Officer has officially stepped down from the role as the popular fitness company is planning to cut 15% of its global workforce. 

Read More Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%

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