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In 2023, companies planned 721,677 job cuts, a 98% jump from 2022, according to a new report from professional outplacement firm Challenger, Gray, and Christmas. The number marks the highest ...
Job cuts in tech and retail follow a massive ramp-up in hiring during the COVID-19 pandemic — when people spent more time and money online. The high profile job cuts seem to arrive steadily, but ...
Job cuts in tech and retail follow a massive ramp-up in hiring during the COVID-19 pandemic — when people spent more time and money online. Now, many companies are reducing headcounts to help ...
A separate report released Thursday showed that fewer job cuts were announced in May than both the month and year before. US-based employers announced 63,816 job cuts last month, down 1.5% from ...
Layoff. A layoff[ 1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [ 2] for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary ...
Positions for psychologists, clinical social workers and others have been cut, and some job offers have been rescinded in recent weeks and months as the agency seeks to address a budgetary ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. Tooltip Public Law (United States) 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
Months after the federal government gave Intel $8.5 billion in grants to help bring back microchip manufacturing to the U.S., the company said it is cutting 15% of its workforce, which translates ...