Culture
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Amazon said on Wednesday (Jan 28) it was…
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Jobs
Culture
UPS to cut another 30,000 jobs as it doubles down on turnaround
United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions…
Culture
Australian dollar scales 15-month high on strong jobs data
The Australian dollar hit 15-month highs on Thursday as an apparent easing in US-European tensions soothed risk sentiment, while a strong…
Business
Africa’s jobs and growth conundrum
Alexis’s view The World Bank’s global economic forecast for the year ahead was, on the face of it, full of good news for African…
Culture
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Culture
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
News
Jobs Numbers Hit Record Low as Trump’s Economy Continues to Tank
Donald Trump’s so-called “Golden Age” is seriously screwing American workers, according to the latest jobs report. The U.S. economy added…
Culture
Wall Street opens higher after jobs data; tariff ruling awaited
Wall Street’s main indexes opened slightly higher on Friday (Jan 9), as investors digested weaker-than-expected jobs data, while awaiting…
Culture
Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs
Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court…
Business
Factory closure plan could lead to 125 jobs losses
About 125 people could lose their jobs after a synthetic textile manufacturer announced the potential closure of its UK factory. US-based…
Culture
Gold, precious metals rise as softer US jobs data boost Fed rate cut bets
Gold and other precious metals rose on Thursday (Jan 8) after US private payroll data showed job openings fell to a 14-month low in…
Business
India's jobs guarantee scheme: A global model under threat?
India is home to one of the world's most ambitious social programmes - a jobs guarantee that gives every rural household the legal right…
Culture
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Business
Ifo's jobs outlook reaches lowest level in more than five years
A leading index of employment prospects in Germany fell once again in December - reaching its lowest figure since the first phase of the…
News
New Jobs Data Blows Up One of Trump’s Main Talking Points
President Donald Trump wants to pretend like he’s not crippling the economy, but job growth in 2025 has dropped by more than half and it’s…
Culture
Wall Street slips at open as investors assess key jobs data
Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for…
Culture
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data,…
News
Fed Chair Warns Trump Admin May Be Seriously Exaggerating Jobs Numbers
On Thursday, hours before the state Senate is set to vote, Trump issued another nasty missive, attacking more local leaders while…
Culture
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027,…
Blog
Washington Times Weekly: Jobs down, shopping up, diving headfirst into the holiday season
I'm George Gerbo and welcome to Washington Times Weekly, where we get a chance to sit down with our reporters and talk about their…
Culture
Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of…
News
Trump Official Panics as Brutal Jobs Report Blames Trump’s Tariffs
The order banned citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia,…
Culture
Allianz to cut up to 1,800 jobs due to AI advances
German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial…
Culture
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years McKinsey & Co cut about 200 global…