Saturday, October 19

Tag: unemployment

Why Democrats Should Care About the National Debt
7Nov By adminNo Comments
Health

Why Democrats Should Care About the National Debt

After his election as House speaker, Mike Johnson said one of his top priorities was the creation of a bipartisan commission to tackle the national debt. It’s a good idea that nearly 70% of voters in both parties support. In September, Reps. Scott Peters (D., Calif.) and Bill Huizenga (R., Mich.) introduced the Fiscal Commission Act of 2023, and 198 House Republicans voted for it as part of a government funding bill. Here’s why Democratic congressional leaders and the Biden administration should join the push:• Deficits are undermining the Biden economy. In the past year, the real federal budget deficit more than doubled, from $933 billion to $2 trillion. Democrats rightly argued that spending borrowed money was a critical economic support during the Covid pandemic. But the unemployment r...
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LinkedIn is cutting more than 650 jobs
21Oct By adminNo Comments
Technology

LinkedIn is cutting more than 650 jobs

New York CNN  —  LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining its decision making. “Talent changes are a difficult, but necessary and regular part of managing our business,” the company said. Microsoft bought LinkedIn in 2016. The company is dedicating many of its resources toward artificial intelligence. Recently, LinkedIn announced an AI-assisted candidate discovery for recruiters using the site. And in Microsoft’s most recent earn...
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Nokia layoffs: Company will slash up to 14,000 jobs
19Oct By adminNo Comments
Technology

Nokia layoffs: Company will slash up to 14,000 jobs

Hong Kong CNN  —  Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on Thursday. The Finnish telecom giant, a major provider of 5G equipment that employs 86,000 people, announced the move as part of a wider restructuring that will lower its headcount to between 72,000 and 77,000. The move will help the company reduce staffing expenses by 10% to 15%, and save at least €400 million ($421.4 million) in 2024 alone, the company projected. Overall, it said the reductions are expected to trim Nokia’s costs by up to €1.2 billion (nearly $1.3 billion) cumulatively by the end of 2026. Nokia (NOK) said it would “act qui...
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Epic Games, maker of Fortnite, to lay off 16% of its workforce
29Sep By adminNo Comments
Technology

Epic Games, maker of Fortnite, to lay off 16% of its workforce

CNN  —  Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending. In a letter to employees Thursday, Sweeney said the video game company had been “spending way more money than we earn, investing in the next evolution of Epic.” “I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Sweeney said in the letter, which the company shared publicly. He added that Epic plans to divest from the online independent music platform Bandcamp, which it bought last year and which will now be acquire...
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Poll shows people pessimistic about economy despite positive indicators
1Aug By adminNo Comments
Money

Poll shows people pessimistic about economy despite positive indicators

Poll shows people pessimistic about economy despite positive indicators - CBS News Watch CBS News Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
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Can You Collect Unemployment and Social Security? | Retirement
12Jul By adminNo Comments
Money

Can You Collect Unemployment and Social Security? | Retirement

Amid the recent tech layoffs and other downsizing, older workers could face employment challenges. If you’ve recently lost your job and are nearing retirement age, you may be eligible to collect benefits. You could apply for unemployment and Social Security and receive both at the same time.Unemployment benefits are distributed to workers who have lost their financial support and meet certain requirements. If you are at least age 62 or have become disabled, you could also consider starting Social Security payments. While taking unemployment and Social Security benefits simultaneously may be possible, you’ll want to be aware of certain factors that could impact your income and taxes.If you lose your job and are nearing retirement or are disabled, consider: How to collect unemployment. Ho...
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