[ad_1] New York CNN — Just this week, Alphabet, Google’s parent company, Microsoft (MSFT) and Vox Media announced layoffs that will affect more than 22,000 workers. Their moves follow on the heels of job cuts earlier this month at Amazon, Goldman Sachs and Salesforce. More companies are expected to do …
Read More »What to expect at work this year
[ad_1] New York CNN — The pandemic has transformed work over the past three years in ways few expected. It normalized remote work, created a shortage of critical workers and drove home to organizations that employees’ mental health and need for a sane work-life balance are critical to retention and …
Read More »Analysis: Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
[ad_1] Minneapolis CNN — When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. Southwest Airlines received more than $7 billion from that program. …
Read More »A look back at Elon Musk’s chaotic first month at Twitter
[ad_1] CNN — Sunday officially marks one month since the world’s richest man took the helm at Twitter. In that time, Elon Musk initiated mass layoffs and gave remaining staffers a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched – then punted – …
Read More »James Webb Space Telescope: No evidence linking namesake to firings of LGBTQ staff
[ad_1] Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — Despite numerous calls from astronomers to rename its powerful new telescope, NASA officials stood by the naming of the James Webb Space Telescope before its launch. With …
Read More »Disney plans to freeze hiring and cut jobs, memo shows
[ad_1] Disney (DIS) is planning to freeze hiring and cut some jobs as it strives to move the Disney (DIS)+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying …
Read More »Phillips 66 is cutting 1,100 jobs — and returning billions of dollars to shareholders
[ad_1] New York CNN — Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …
Read More »Meta to lay off 11,000 employees, as Zuckerberg says he is ‘accountable for missteps’
[ad_1] New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and …
Read More »Twitter could be a new wild card for the midterms
[ad_1] CNN Business — For years, Twitter has been a leader in countering misinformation and protecting elections. It was often ahead of its peers in creating and enforcing new policies, and it was the first major platform to ban former President Donald Trump after the Capitol insurrection, pushing others to …
Read More »Elon Musk’s Twitter informs staff layoffs are set to begin
[ad_1] CNN Business — Elon Musk will begin laying off Twitter employees on Friday morning, according to a memo sent to staff, as several Twitter employees file a class action lawsuit alleging the layoffs are in violation of labor law. The email sent Thursday evening notified employees that they will …
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