Square, another payments company, bought $50 million of Bitcoin and changed its name to Block, in part to signify its work with blockchain technology. Tesla bought $1.5 billion of it. […]
Layoffs and Job Reductions
Trending topics and news from the Layoffs and Job Reductions category
Back to news homeInflation Expected to Remain High Even as Economy Slows and Layoffs Rise
“The hunger of children is not a necessary cost to pay to bring down inflation,” Ms. Ananat, of Barnard, said.Republicans, meanwhile, have blamed the Biden administration — and in particular, […]
Crypto Firms Quake as Prices Fall
SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. […]
The Potential Dark Side of a White-Hot Labor Market
Ms. Calvo is hoping to work her way up to the assistant store-manager level, which would put her in a salaried position, and thinks she has made the prudent choice […]
Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
Tesla’s chief executive, Elon Musk, plans to cut 10 percent of the electric carmaker’s salaried work force, he told staff in an email on Friday.The job cuts will not apply […]
How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed
When Jack Welch died on March 1, 2020, tributes poured in for the longtime chief executive of General Electric, whom many revered as the greatest chief executive of all time.David […]
Fear and Loathing Return to Tech Start-Ups
Start-up workers came into 2022 expecting another year of cash-gushing initial public offerings. Then the stock market tanked, Russia invaded Ukraine, inflation ballooned, and interest rates rose. Instead of going […]
Inside the Implosion of CNN+
David Zaslav had been chief executive of Warner Bros. Discovery for all of a few hours when he learned he had a problem.On April 11, the day his newly merged […]
Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force
In recent years, former IBM employees have accused the company of age discrimination in a variety of legal filings and press accounts, arguing that IBM sought to replace thousands of […]
How The Trucker Protests Are Snarling the Auto Industry
“What people seem to not understand is that when that truck isn’t moving, they make no money,” Ms. Walker said, noting that drivers with certain types of cargo, such as […]