Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
Category: Layoffs and Job Reductions
California Has Dealt a Blow to Renewable Energy, Some Businesses Say
Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits
The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
U.S. Job Growth Holds Up as Economy Gradually Cools
Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
A Crisis of Confidence Is Gripping China’s Economy
China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
U.S. Adds 187,000 Jobs in July as Economy Cools
Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.
Disney To Lay Off About 7,000 Employees as It Cuts $5.5 Billion in Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But about 7,000 employees are expected to be laid off.
Remote Workers Face a Lonely Wave of Layoffs
Angst rippled across laptop screens this month, with dozens of companies announcing layoffs and finding ways to breed extra chaos in the process.
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.