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Layoffs

Biden sees economy avoiding recession, but risks remain

WASHINGTON ((DailyNews)) — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very...

Unemployment claims rise to 240,000, highest since August

WASHINGTON ((DailyNews)) — The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic...

Amazon begins mass layoffs among its corporate workforce

NEW YORK ((DailyNews)) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising...

Slightly more Americans apply for jobless benefits last week

WASHINGTON ((DailyNews)) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts...

Facebook parent Meta cuts 11,000 jobs, 13% of workforce

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes,...

Twitter’s pared-down staff struggles with misinformation

Twitter is struggling to respond to political misinformation and other harmful posts on the social media platform after Elon Musk fired roughly half of...

Twitter layoffs begin 1 week after Elon Musk’s takeover

Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and...

US job openings sink as economy slows, cost to borrow rises

WASHINGTON ((DailyNews)) — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers,...

Is the US in a recession? Here are the key indicators

WASHINGTON ((DailyNews)) — The economy shrank in the first half of this year, the government confirmed in a report Thursday, underscoring fears of a...

Minneapolis teacher contract race language ignites firestorm

MINNE(DailyNews)OLIS ((DailyNews)) — When Minneapolis teachers settled a 14-day strike in March, they celebrated a groundbreaking provision in their new contract that was meant...

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