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Tech companies have been sending difficult messages to employees all year. Meta did it in May, shedding roughly 8,000 workers in one of the largest rounds of job cuts the company has ever made, as Read more…
US initial jobless claims were little changed in latest week, rising from a revised 204K to 206K in week ended August 29, exactly matching expectations. Previous week was revised up from 203K, while four-week moving Read more…
A retail giant is taking a harder look at its store network as changing shopping habits and weaker profitability force the company to rethink where it invests. The retailer has already closed dozens of locations Read more…