Air Canada is laying off more than 5,000 flight attendants as the country's largest airline cuts routes amid plunging demand. The layoffs will take effect by April and affect roughly 60% of flight attendants. Air Canada says it will suspend most of its international and U.S. flights...
And yet, last week, overall initial jobless claims dropped to 187,000–the lowest level since September 2022, according to a new report from the U.S. Department of Labor. These claims are used as a proxy for layoffs. Meanwhile, the unemployment rate held steady at 3.7 percent in D...
Meta Platforms — the parent company of Facebook — is planning to begin large-scale layoffs this week, according toThe Wall Street Journal, citing people familiar with the matter. The layoffs are expected to affect "many thousands of employees." An announcement could come as soon as Wednesday...
The trend:Collectively,Apple,Microsoft,Amazon,Alphabet, andMetahave lost more than$3 trillionin market value this year, perBloomberg, and signs point to continued struggles for the sector. Mass layoffs have become the release valvefor various Big Tech companies adjusting to a post-pandemic economy ...
From flip-flopping tariffs to federal layoffs among critical programs, here are the biggest reversals of Trump’s second term so far. Cecelia Smith-SchoenwalderMay 1, 2025 Trump’s Biggest U-Turns Several of Trump's executive orders are facing legal challenges. Here’s where things stand now...
Last weekHeidi VoorheesAVIXA’s COO was also let go. It was clear then that layoffs were going to happen. These are extremely tough times for the event industry and this just piles on the woe for those in the AV industry involved in that. ...
Economists allude that the latest spike in involuntary part-time work could be a harbinger of layoffs to come, especially when combined with other signs of slowing in the job market. “Looking at this indicator — along with two straight months of decline in Black employment — gives me...
Layoffs are an industry-wide story. There’s a big difference between that, and I don’t think you get to shake Joe Patrice: This, and the way in which this is just something that no one’s done in at least our memory Kathryn Rubino: Since at least 2008, I am pretty confident ...
A slew of Big Tech corporate earnings this week, including results from Google, Microsoft, and Facebook owner Meta, which account for many thousands of jobs in the Irish economy, will help test whether a rapid round of global layoffs is set to pass quickly, or is a warning that recession...
The B.A.K Sandbox is an initiative led by Big.Ass.Kids to provide resources to music professionals who have been impacted by the recent industry layoffs, helping them re-establish their career. Ralph's Used & Rare Books B.A.K sat down with Jamal Jimoh to chat about the Demystification ...