Stronger than expected US jobs report for January evokes concerns on Wall Street
The better than expected jobs report sparked a fall on Wall Street because it means the Federal Reserve will continue its program of rate increases.
Source: wsws.org
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IBM, 3M and hospitals join job cutting drive in US
International Business Machines announced Wednesday it would eliminate 3,900 positions, or 1.5 percent of its global workforce, joining the growing list of corporations announcing major job cuts.
Source: wsws.org
What drove the 40,000 tech layoffs at Amazon, Google and Microsoft
Three of the largest technology conglomerates in the world recently announced massive layoffs totaling more than 40,000 employees from Amazon, Microsoft...
Source: crn.com.au
Google Cloud parent Alphabet laying off 12,000
Google parent Alphabet Friday said it is laying off 12,000 employees or about six percent of the workforce in the latest in a long line of tech layoffs.
Source: crn.com.au
Google lays off 12,000 workers as tech jobs bloodbath intensifies
The announcement by Google that it is laying off 12,000 workers is the latest in the intensifying jobs bloodbath in the technology sector internationally and the spearhead of a drive by the financial elite to impose the inflation crisis onto the backs of the working class.
Source: wsws.org