The US economy added only 139,000 jobs in May, showing signs of slowdown as businesses navigate uncertainty from the ongoing trade war. The unemployment rate remained steady at 4.2%, but federal job cuts raise concerns.
Disney is making headlines again as it announces another round of layoffs, impacting hundreds of employees. This drastic move reflects the company's struggle in the evolving landscape of entertainment, where streaming services dominate.
Donald Trump's administration seeks Supreme Court intervention to lift a ruling blocking mass job cuts across federal agencies, arguing it is within presidential authority. This follows a judge's decision siding with unions and local governments against the layoffs.
In a significant ruling, the Ninth Circuit Court of Appeals has paused the Trump administration's plans to cut the federal workforce, citing constitutional limits on presidential powers. This decision follows a lawsuit from labor unions and cities.
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
Burberry has announced plans to cut 1,700 jobs as part of a cost-saving initiative following a £66m loss. The cuts, primarily affecting the UK, aim to streamline operations and ensure the brand's future in luxury fashion.
Nissan's latest announcement reveals another 11,000 job cuts and the closure of seven factories as it grapples with declining sales in key markets. This follows a year of significant layoffs totaling 20,000 jobs. Will Nissan bounce back?
A federal judge has temporarily halted the Trump administration's plan to lay off thousands of federal workers, citing the need for Congressional approval. This ruling could reshape the future of government employment.
In a bid to enhance profitability, Panasonic Holdings Corp. announces plans to lay off 10,000 employees, including 5,000 in Japan and 5,000 abroad. The company anticipates significant restructuring charges as it shifts focus.
