Earlier this year, David Yang was brimming with confidence about the prospects for his perfume factory in eastern China.After nearly three years of paralyzing Covid lockdowns, China had lifted its […]
Layoffs and Job Reductions
Trending topics and news from the Layoffs and Job Reductions category
Back to news homeChina Suspends Youth Unemployment Report
The Chinese government, facing an expected seventh consecutive monthly increase in youth unemployment, said Tuesday that it had instead suspended release of the information.The unemployment rate among 16- to 24-year-olds […]
U.S. Adds 187,000 Jobs in July as Economy Cools
The U.S. economy continued to generate sturdy employment growth in July, but it showed definite signs of cooling alongside the Federal Reserve’s battle to suppress inflation.American employers added 187,000 jobs […]
Job Turnover Eased in June as Labor Market Cooled
The NewsJob turnover decreased in June, the Labor Department reported on Tuesday, suggesting that the American labor market continues to slow down from its meteoric ascent after the pandemic lockdowns.The […]
Uber Posts 14% Rise in Revenue as Growth Slows
Uber’s revenue increased 14 percent in its most recent quarter, the company reported on Tuesday, but the growth was its slowest since the coronavirus pandemic began easing last year.The San […]
Tech Firms Once Powered New York’s Economy. Now They’re Scaling Back.
For much of the last two decades, including during the pandemic, technology companies were a bright spot in New York’s economy, adding thousands of high-paying jobs and expanding into millions […]
The Pandemic’s Labor Market Myths
Remember the “she-cession”? What about the early-retirement wave, or America’s army of quiet quitters?For economists and other forecasters, the pandemic and post-pandemic economy has been a lesson in humility. Time […]
‘Training My Replacement’: Inside a Call Center Worker’s Battle With A.I.
“This A.I. stuff is getting really crazy.”The voices of Charlamagne tha God, host of the nationally syndicated radio show “The Breakfast Club,” and his guests Mandii B and WeezyWTF filled […]
Chinese Workers Confront the Curse of 35
When Sean Liang turned 30, he started thinking of the Curse of 35 — the widespread belief in China that white-collar workers like him confront unavoidable job insecurity after they […]
Plot Twist at Turner Classic Movies Upsets Film Fans
For many people in Hollywood, including lions like Steven Spielberg, Turner Classic Movies is not a cable channel. It is an extension of their identity.And it took a beating this […]