Facebook owner Meta will chop 10,000 more jobs as tech layoffs worsen
MENLO PARK — Facebook owner Meta Platforms said Tuesday it has decided to chop another 10,000 jobs and hold off on filling thousands of open positions in a fresh round of brutal layoffs for the Bay Area’s tech sector. Based on the Bay Area impact of Meta’s prior round of job cuts of 11,000…#menlopark #metaplatforms #bayareas #bayarea #meta #markzuckerberg #warn #fremont #sunnyvale #burlingamegoogle (Source: Reuters: Health)
Source: Reuters: Health - March 14, 2023 Category: Consumer Health News Source Type: news
Meta to shed another 10,000 employees in a fresh round of job cuts
Facebook's parent company Meta is slashing a further 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs, it announced on Tuesday. The company axed 11,000 jobs in November, about 13 per cent of its workforce at the time. Meta and other tech companies have been…#meta #markzuckerberg #menlopark #tiktok #amazon #virginia (Source: Reuters: Health)
Source: Reuters: Health - March 14, 2023 Category: Consumer Health News Source Type: news
Penn Medicine cuts administrative jobs as part of reorganization plan to save $40M annually
Penn Medicine CEO Kevin Mahoney said other steps being taken by the health system include renegotiating vendor contracts, standardizing technologies, consolidating enterprise-wide corporate services and eliminating duplicative administrative systems. (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - March 14, 2023 Category: American Health Authors: John George Source Type: news
Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission”
Y Combinator will be writing fewer checks for late-stage companies, a scale back that also cost 17 team members — or roughly 20% of the accelerator’s employees — their jobs, according to a statement released on Monday. The accelerator told TechCrunch that Silicon Valley Bank’s failure was not a…#siliconvalleybanks #svb #garrytan #yc #bigtech #google #demoday #natashamascarenhas #signal (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
State Lawmakers Take On Local Regulations That Inflate Housing Costs
Governors and legislators across the country continue to propose and implement policies to create a more competitive tax and regulatory climate, in part to attract investment that will bring in employers and high-paying jobs. However, if there isn’t sufficient and affordable housing supply to…#northcarolina #generalassembly #summerfield #greensboro #townboard #fairhousingact #catoinstitute #northcarolinas #triad #toyota (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
You may have overpaid your Social Security taxes thanks to the Great Resignation
If you took part in the so-called Great Resignation and changed jobs recently, you might need to brush up on some of the more obscure corners of the tax code before you file your next tax return. One provision that gets little attention is that you do not have to pay Social Security tax on income…#greatresignation #socialsecurity #w2 (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
The number of women in the workforce tops pre-pandemic levels for first time
Data: FRED; Chart: Tory Lysik/Axios Visuals The number of women in the workforce in February was higher than pre-pandemic levels for the first time, according to the latest jobs data out Friday. Why it matters: The strength of women's return to work was faster than anyone could've imagined just a…#chart (Source: Reuters: Health)
Source: Reuters: Health - March 13, 2023 Category: Consumer Health News Source Type: news
New initiative to boost Emiratization in industrial sector launched
RIYADH: Seeking to build local capacities and increase Emiratization in the industrial sector, the UAE has launched a new initiative called the “Industrialist Program.” This training initiative, which aims to upskill national cadres and help them access skilled jobs in the industrial sector, is…#emiratization #industrialistprogram #mou #moiatomaralsuwaidi #ahmadyousuf #ahmadalnasser #ghannamalmazrouei #alsuwaidi #icvprogram #emirati (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
What's next for stocks after Silicon Valley Bank collapse, with investors awaiting key inflation reading
Investors are preparing for the release of a U.S. consumer-price index that may show no meaningful letup in inflation, leaving few safe places to hide just as systemic risks may be growing. Coming just a few days after Silicon Valley Bank’s woes overshadowed Friday’s robust jobs report, the…#siliconvalleybanks #barclays #deutschebank #henryallen #jimreid #federalreserve #svbfinancialgroup #derektang #siliconvalleybank #pce (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
' Guys I lied on my resume': Social media managers are pleading with TikTok viewers to help save their jobs and it's working
A viral cat meme helped Joel Velazquez make a name for Clancy's Auto Body Shop on TikTok. Clancy's Auto Body Shop/TikTok Two businesses went viral with their first videos posted to TikTok, and their content is pretty similar. Both videos were posted by social media managers claiming to need views…#joelvelazquez #clancyautobodyshop #tiktok #fortlauderdale #velazquez #google #florida #kansas # #nicolascage (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
The Silicon Valley Bank Insolvency And The Oncoming Recession Blame The Fed
The big market moving event of the week was supposed to be the February jobs numbers on Friday (March 10), but there was nary a mention of those numbers in the financial media, upstaged by the second largest, and completely unexpected, bank failure in U.S. history, i.e., Silicon Valley Bank (SVB…#siliconvalleybank #svb #greatrecession #heldtomaturity #availableforsale #fdic #311kseasonally #householdsurvey #payrollsurvey #challengerjobcuts (Source: Reuters: Health)
Source: Reuters: Health - March 12, 2023 Category: Consumer Health News Source Type: news
What the SVB Financial Collapse Means for U.S. Banks
Traders Use A.I. to Conquer Volatility? (From Vantage Point) Friday was supposed to be about the February jobs report and its impact on Fed rate hikes — but SVB Financial Group (NASDAQ: SIVB) stole the show. Financial regulators closed the nation’s 16th largest bank, a mere two days after the…#vantagepoint #svbfinancialgroup #fdic #washingtonmutual #siliconvalleybanks #svb #maxim #siliconvalleybank #svbfinancial #siliconvalley (Source: Reuters: Health)
Source: Reuters: Health - March 11, 2023 Category: Consumer Health News Source Type: news
Will it take market crash for Congress to raise debt limit?
FILE - President Joe Biden speaks about the February jobs report from the Roosevelt Room of the White House, March 10, 2023, in Washington. Republicans and Democrats have been dancing around each other about the need to raise the government's legal borrowing authority. Biden tried to edge closer…#republicans #democrats #kevinmccarthy #rcalif #apphotoevanvucci #file #daleepsingh #housefreedomcaucus #philadelphia #socialsecurity (Source: Reuters: Health)
Source: Reuters: Health - March 11, 2023 Category: Consumer Health News Source Type: news
Black Unemployment 58% Higher Than White
The Bureau of Labor Statistics released its THE EMPLOYMENT SITUATION — FEBRUARY 2023. The unemployment rate nationwide was 3.6%, up from 3.5% the previous month. The economy added 311,000 jobs which were more than expected. One trend was the same as it has been since the BLS started to release the…#bls #hispanics #asians #americanprogressive #africanamerican #blackamericans (Source: Reuters: Health)
Source: Reuters: Health - March 11, 2023 Category: Consumer Health News Source Type: news
Wall St sinks on jitters about banks after mixed jobs report
Wall Street's indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. banks after the failure of a high-profile lender to the technology sector, overshadowing the February jobs report. California banking regulators said they closed SVB…#svbfinancialgroup #svb #silvergatecapital #ftx #federalreserve #carolschleif #bmo #minneapolis #kbw #3190964 (Source: Reuters: Health)
Source: Reuters: Health - March 11, 2023 Category: Consumer Health News Source Type: news
