Tags: Unemployment
Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures
Intel announced that it was making thousands of jobs redundant in order to reduce costs and to be able to afford an ambitious effort to rebound from an earnings slump and recent weak market share performances.
Burberry Prepares to Cut Jobs Due to Plummeting Sales
British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.
US Adds Over 200K Jobs in June as Unemployment Rate Hits 4.1%, Highest Since 2021
In June, the US labor market added 206,000 jobs while the unemployment rate rose to 4.1%, the highest since 2021, indicating potential underlying challenges despite positive job growth.
Sony Cuts Jobs in Optical Media Plant, Phases Out Physical Disc Production
Sony announced that it would phase out recordable disc development and production after cutting up to 250 jobs at its optical media unit in northeastern Japan.