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Labor market shows signs of cooling as openings and hiring decline
U.S. job openings fell to 6.88m in February from an upwardly revised 7.24m in January, undershooting expectations and signalling a moderation in labor demand after a brief uptick at the start of the year. According to the Labor Department’s latest JOLTS report, hiring also slowed markedly, to its lowest level since April 2020, reflecting weaker…
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TSA says workers are getting first paychecks in weeks
Major U.S. airports, including Baltimore, Houston, New York, New Orleans and Dallas, that saw extended disruptions after 50,000 ?Transportation Security Administration (TSA) security officers went unpaid since mid-February say operations are returning to normal. President Trump signed ?an emergency directive on Friday ordering TSA workers to get paid despite a failure of ?Congress to end…
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Amazon offers $1,000 prizes for delivery drivers
Bloomberg reports that Amazon is offering $1,000 prizes to delivery drivers who share what they love about their jobs. The “My Why” contest from the world’s largest e-commerce company is for drivers employed by delivery service partners, a network of small businesses that Amazon contracts with to manage workers who bring its packages to customers….
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Microsoft announces overhaul of its human resources team
Microsoft is making changes across human resources, and the company’s chief diversity officer, Lindsay-Rae McIntyre, is leaving to become chief people officer of another organization. Meanwhile, the tech giant is close to hiring a new talent acquisition head who will report to Chief People Officer Amy Coleman. The company is going through an “AI-powered transformation,”…
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Meta lays off 700 employees
Meta on Wednesday laid off around 700 employees in the Reality Labs unit, as well as some in recruiting, sales and Facebook, according to a person with knowledge of the company. “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a Meta spokesman said. “Where…
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Epic Games lays off 1,000 employees
Epic Games, the developer of “Fortnite,” is laying off over 1,000 employees and cutting costs by $500m. Chief Executive Tim Sweeney announced the layoffs, attributing them to a decline in “Fortnite” engagement last year. “Despite Fortnite remaining one of the most successful games in the world, we’ve had challenges delivering consistent Fortnite magic with every…
