JOLTS job openings May 2022:

People walk past a “Now Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Job openings fell sharply in May but still far outnumbered the level of people looking for work, the Bureau of Labor Statistics reported Wednesday. Available positions totaled 11.25 million … Read more

44% of Americans work a side hustle to make ends meet

Americans are increasingly turning to side hustles to make more money amid economic uncertainty and persistent high inflation. Some 44% of Americans are working at least one extra job to make ends meet each month, according to a survey from Insuranks, a small business insurance marketplace. The online survey of more than 1,000 adults working … Read more

Some tech leaders are turning layoffs, hiring freezes into opportunity

A man walks past a “We’re Hiring” sign posted in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Recent headlines are filled with news of tech sector layoffs, hiring freezes and job offers being pulled in the midst of economic uncertainty. But according to members of the CNBC Technology Executive … Read more

Still very hot, despite isolated layoffs

A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part … Read more

Southeast Asia start-ups lay off workers amid economic uncertainty

Southeast Asia’s tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Guilliermo Perales Gonzalez | E + | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the fast-growing industry is not immune to the global economic slowdown. … Read more

Rail walk-out kicks off in UK amid fears of a summer of pay strikes

Forty thousand UK Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty Images LONDON – A days-long rail walkout that is causing severe travel disruption across Britain could be just the beginning of … Read more

Elon Musk clarifies Tesla layoffs after ex-employees sue company

Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached US labor laws. Speaking at an event hosted by Bloomberg Tuesday, Musk said Tesla would reduce … Read more

Labor market ‘worse than the ’70s’ as strikes hit UK

A usually busy Waterloo Station is almost empty in London on June 21, 2022 as the biggest rail strike in over 30 years hits the UK. Ben Stansall | Afp | Getty Images LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the UK offering a sign of things … Read more

Tech talent still in demand but outsized salaries are disappearing

Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that … Read more

Microsoft finds Gen Z is redefining the idea of work hustle

Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant finds Gen Z entrepreneurs disrupting ideas about workplace hustle and the traditional 9-5 day. Many recent Gen Z college graduates are flipping … Read more