Wall Street layoffs are coming as deals boom turns to bust, insiders say

People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal … 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

Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 US salaried employees and agency workers as part of its ongoing Ford + turnaround plan, the company confirmed Wednesday night. The cuts include … Read more

‘Great Resignation’ goes global and shakes up labor market for good

Millions of workers worldwide have quit their jobs without something else lined up. So, what is the Big Quit, and how will it change our workforce? Chloe Loh, like many other workers across the world, epitomizes the “Great Resignation.” “I left my job in December,” Loh told CNBC. “I was looking for a role that … Read more

Other retirees could take Tom Brady’s cue and return to the workforce

Tom Brady of the Tampa Bay Buccaneers waves to fans at Raymond James Stadium in Tampa, Florida, on Sept. 9, 2021. Julio Aguilar | Getty Images Tom Brady sat on the sidelines for only 40 days before deciding to end his retirement from pro football. It is possible that more retired workers could do the … Read more

Big February job growth for economy, but Main Street is struggling

A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a labor market nearing a recovery to pre-pandemic levels, but small business owners across the US say that finding and keeping … Read more