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Tech's Year of Efficiency Already Priced In
Relief at layoffs and hopes for a second-half recovery may be overheating tech stocks. Source link
The New Rules of Layoffs
Call people in or close the office like McDonald’s? Midweek or Friday? Executives weigh the best way to let people go. Source link
Stock-Based Pay and Bonuses Fall Under Finance Chiefs' Cost-Cutting Knife
Unity Software, Designer Brands and Meta Platforms are among the firms weighing or executing tweaks in equity compensation or incentive pay. Source link
Lower Job Openings Could Be Welcome Sign for Economy
All those tech layoffs are starting to show up in employment statistics, but they still show little sign of spreading to other sectors. Source link
McDonald's Temporarily Shuts U.S. Offices as Chain Prepares for Layoffs
The fast-food company is expected to notify workers of their job status virtually. The layoffs are part of a broader restructuring. Source link
Disney, First Citizens, Alibaba: Stocks That Defined the Week
Markets Stocks Here are seven major companies whose stocks moved on the week’s news Source link
Google CFO Signals More Spending Cuts to Meet Savings Targets
Finance chief Ruth Porat said the company would eliminate some snack bars and select outside vendors based on cost in an effort to meet savings
Virgin Orbit to Cut Workforce by 85%
The satellite-launch company is cutting expenses after failing to secure meaningful funding. Source link
Low Jobless Claims Show Labor Market Stays Robust
Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that the broader labor market remains
The Class of 2023 Faces a Jittery Job Market: ‘The World Seems to Have Flipped on Its Head.’
The Class of 2023 is getting ready to enter a job market that is suddenly less eager to hire new grads. Many employers are taking