(Bloomberg) — Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history. Most Read from Bloomberg The reductions, equal to about 13% of the workforce, were disclosed Wednesday in aContinue Reading
U.S. stocks cratered on Friday in their worst day since the throes of September’s sell-off after the government’s monthly employment report showed labor conditions remained tight last month despite a slowdown in hiring — dashing any hopes the Federal Reserve will pivot on its aggressive rate hiking path. The U.S.Continue Reading
The labor market may be shifting. SOPA Images | Getty Images ADP is a payroll and HR company. Amid anxiety about a recession, layoffs and headcount cutting, and 8.3% year-over-year inflation as of August 2022, employers might have power again. According to ADP’s National Employment Report, which uses the payrollContinue Reading
Daniel Acker | Bloomberg | Getty Images With high inflation and rising interest rates fueling speculation that a recession is on the horizon, it may come as no surprise that financial advisors are hearing these concerns from their clients. Year-over-year inflation eased a bit in August to 8.3% from 8.5%Continue Reading
Even as the global economy edges towards recession, the world’s biggest cosmetics maker is preparing to ramp up employment of young people. L’Oréal For Youth provides various opportunities for people under 30, including jobs, internships and apprenticeships at the French company behind brands such as Lancôme and Kiehl’s. The globalContinue Reading
Robinhood CEO Vlad Tenev said Tuesday in a press release that the fintech company will reduce its headcount by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by aContinue Reading
Opinions expressed by Entrepreneur contributors are their own. Modern technology has, without a doubt, reduced the need for as many people on factory floors, behind the counter at banks and in so many areas, across industries and occupations. Factory floors and warehouses are now being operated by robots. In factContinue Reading
French business schools have retained their dominance as the best providers of masters in finance programmes around the world this year, with five of the country’s institutions among the top 11 ranked in the latest assessment by the Financial Times. But other countries are strongly represented. There were four USContinue Reading
Transcript Udom Emmanuel took governorship of the Nigerian state Akwa Ibom in 2015. Since then he has transformed the southern coastal region from a civil service state into an attractive destination for private enterprise; one of the best states in the country for bringing in foreign direct investment. In thisContinue Reading
U.S. stock futures fell Friday morning to extend losses from the prior session, as concerns over the Federal Reserve’s ability to bring down inflation while maintaining solid economic activity resurged. Investors also looked ahead to a key report on the state of the labor market’s recovery. Contracts on the S&PContinue Reading