Microsoft has announced that it will be laying off employees as part of a restructuring plan. This is the second round of layoffs since the company announced it would let go 10,000 workers last summer. The latest round of cuts is expected to be much smaller, with reports that it may affect anywhere from hundreds to thousands of workers. The company has not yet elaborated on the details.
after 8 years Tesla has announced that company CFO Zach Kirkhorn will be stepping down from his role after 8 years at the company. Tesla CEO Elon Musk praised Kirkhorn for his hard work and dedication to the company over the past 8 years. Kirkhorn will be replaced in the role by former CFO of […]
In response to slowing inflation and increased uncertainty in the economic outlook, the Federal Reserve is pausing its rate hikes. The central bank recently left interest rates unchanged, raising them by only 0.25% this year despite forecasting additional rate hikes of 0.75%. The Federal Reserve stated that they are monitoring incoming data closely, and that […]
The U.S. economy added 187,000 jobs in August, according to the latest figures from the Labor Department. This was higher than the expectations from economists who had predicted an increase of about 164,000 jobs. The job gains were seen in professional and business services, health care, wholesale trade, transportation and warehousing, and mining. The unemployment […]