Effective this past Monday, a new law was enacted mandating a minimum wage of $20 per hour for fast-food workers in California. According to the New York Post, numerous chains…
layoffs
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MoneyPolitics
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Fox News has had a really rough month, following the cowardly $787 million settlement with Dominion Voting Systems and their disastrous decision to fire their highest-rated host, Tucker Carlson. The…
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Less than a week after the unit’s protest thwarted the global accounting giant’s intention to break apart its audit and consulting operations, the United States branch of Ernst & Young…
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As global demand decreases, UPS needed to “create an even stronger UPS,” spokesperson Matthew O’Connor said in an email. In spite of the rough macroeconomic conditions, O’Connor remarked, “We are committed…
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According to a report from the Wall Street Journal, McDonald’s Corporation will be temporarily closing its offices in the United States this week in preparation for informing corporate workers about…
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According to a source inside Disney, CEO, Bob Iger, has ordered managers/executives to prepare budget cuts and lists of roughly 4,000 employees to be laid off. The managers have been…
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In June of this year, CNN’s new boss, Chris Licht, told employees that there were no impending layoffs coming to the network. Apparently, that was just more fake news from…
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Money
Lyft Cuts 13% Of Its Staff, Stripe Cuts 14% In the Latest Wave of US Layoffs
by J Pelkeyby J PelkeyBreaking Digest previously reported that a wave of layoffs is sweeping the United States, due to slow business growth and rising labor costs. Unfortunately, as 40-year high inflation persists, many…
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Money
A Wave of Layoffs is Sweeping the United States – List of Companies That Have Announced Job Cuts
by J Pelkeyby J PelkeyA wave of layoffs is sweeping American business in 2022. New startups like Peleton have already laid off thousands of employees this year. Online car dealer Carvana plans to cut…
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Money
Here We Go… Gap Is Cutting 500 Corporate Jobs in San Francisco, New York and Asia
by J Pelkeyby J PelkeySan Francisco apparel company, Gap Inc., is eliminating 500 corporate jobs in San Francisco, New York, and Asia as it aims to reduce expenses amid dwindling sales, particularly in its…