Bell CEO, other execs called to committee to answer questions about job cuts | CBC News
Members of Parliament have invited top executives from BCE Inc. and Bell Canada to testify about the company's decision to cut jobs.
The House of Commons heritage committee agreed to invite BCE Inc. CEO Mirko Bibic, Bell Media president Sean Cohan, and the parent company's CFO Curtis Millen to address the cuts. [ more ]
The Body Shop to shut 4 London stores today - is your local outlet affected?
The Body Shop is closing seven of its stores, including four in London, due to falling into administration.
Around 270 head office jobs will be cut, leaving 400 workers at the London headquarters, and around 1,500 workers across UK shops may face redundancy. [ more ]
Tech companies slash more than 3,900 Bay Area jobs in 2024 as layoffs widen
Tech companies in the Bay Area have announced plans to cut over 3,900 jobs in 2024, indicating a challenging year ahead for the industry.
Companies such as Salesforce, Snap, Maxar Space, and Activision Blizzard have disclosed their plans for job cuts through official filings with the state Employment Development Department. [ more ]
News and media layoffs keep piling up after one of the worst years since the financial crisis
Hundreds of media sector job cuts in early 2024 including layoffs at prominent outlets like Los Angeles Times, NBC News, and Sports Illustrated.
Data from Challenger, Gray & Christmas show 836 job cuts in the media sector in January 2024 and 21,400 job losses in 2023, the highest since 2009. [ more ]
Focused Cuts and Fewer Layers: Tech Layoffs Enter a New Phase
Tech companies, including Meta, Amazon, Google, and Microsoft, have entered a new phase of cost cutting by making smaller, targeted job trims and focusing on key products like AI.
Some tech start-ups have made deeper job cuts to survive potential extinction, while larger companies are looking for more growth and profit. [ more ]
New York Daily News and Forbes staffers walk out amid US media job cuts
Staff at the New York Daily News and Forbes walked out in protest of job cuts and budget slashes by owner Alden Global Capital.
The New York Daily News, once a powerhouse with the largest circulation in America, has seen a significant decline in staff and readership over the years. [ more ]
Tech layoffs tracker 2024: Job cuts at eBay, TikTok, and Wayfair this week
Multiple major tech companies, including Wayfair, TikTok, Riot Games, Brex, and eBay, have announced significant layoffs.
According to Layoff.fyi, the tech industry has seen a total of 13,240 employees laid off across 72 companies in just over three weeks into the new year. [ more ]
Hundreds of workers lose jobs at Amazon Prime Video, MGM Studios and Twitch | CBC News
Amazon is eliminating hundreds of positions in its video production and distribution divisions, including at Amazon Prime Video, MGM Studios, and Twitch.
The company has eliminated more than 27,000 jobs over the past year as part of multiple rounds of layoffs in the technology industry. [ more ]
Google lays off "hundreds" more as ad division switches to AI-powered sales
Google is laying off hundreds of employees from its ad sales division, specifically in the Large Customer Sales team.
The layoffs are largely due to the increased use of generative AI in Google's ad products, which can perform tasks such as creating ad assets and optimizing performance. [ more ]
Tech layoffs continue with cuts at Sony Interactive, Expedia
Sony Interactive Entertainment is cutting 8% of its staff, closing its London office, and making reductions at various studios like Guerrilla Games and Firesprite.
Other companies like Expedia Group are also announcing significant job cuts to streamline resources and adapt to changes in the industry. [ more ]
AI Is Driving More Layoffs Than Companies Want to Admit
UPS CEO Carol Tomé said that new technologies, including artificial intelligence, played a role in the company's largest layoffs in history.
Companies like UPS and BlackRock are facing the challenge of demonstrating the benefits of AI while avoiding the perception that it directly leads to job cuts. [ more ]
Today's top business headlines: Wall Street layoffs, Tinder lawsuit, and new method for training AI
Morgan Stanley is cutting hundreds of jobs from its wealth management unit, representing less than 1% of the division's employees.
The year 2023 saw a significant increase in labor strikes, with over 500,000 U.S. workers going on strike, fueled by expiring labor contracts and recent strikes from gig workers. [ more ]
Tata would push on with Port Talbot job losses even with Labour subsidy'
Tata Steel plans to move forward with significant job cuts at Port Talbot despite promised subsidies from Labour.
Shadow ministers' proposal of keeping one blast furnace open while building an electric one at Port Talbot is deemed almost impossible by sources close to Tata Steel. [ more ]
In fight over Medicare payments, the hospital lobby shows its strength
Hospitals are using their political power to protect their higher payment rates from Medicare for services compared to other doctors and facilities.
A provision requiring Medicare to pay the same rates for medical treatments regardless of whether they're done in a hospital-owned clinic or elsewhere has sparked a lobbying battle. [ more ]
Hospitals are fighting a Medicare payment fix that would save tax dollars
A House-passed bill aims to equalize Medicare payments for certain infusions given in hospitals with payments for the same services done in other health care settings.
Hospitals are fighting against the bill in the Senate, arguing that it would force them to cut jobs or services. [ more ]
Laid-off employees can take these six steps to further their career
Laid-off employees should carefully review their layoff packages before signing anything and consider consulting a lawyer if needed.
Within 48 hours of being terminated, it is important for employees to update their resume and LinkedIn page to increase their chances of finding a new job quickly. [ more ]
Wizards of the Coast apologizes to fans after AI art causes unrest
Wizards of the Coast (WotC) made a mistake by using AI-generated art in their promotional social media marketing for Magic: The Gathering.
The timing of this mistake is especially unfortunate for WotC as they recently announced job cuts and the community is already frustrated about the future of the card game. [ more ]
CBC head Catherine Tait summoned to Commons committee over job cuts, executive bonuses | CBC News
Members of Parliament are calling on CBC president Catherine Tait to testify about the planned job cuts and potential bonuses for executives at the public broadcaster.
The House of Commons heritage committee unanimously agreed to summon Tait to appear in the new year and report that bonuses for executives would be inappropriate given the job cuts. [ more ]