#job-loss

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#economic-impact

Trump is still courting coal workers. This county shows why it matters.

Biden officials promise assistance for coal country in clean-energy transition.

How to know if AI will steal your job, according to an MIT professor

Public fear of AI stems from its potential economic impact, particularly regarding the risk of job loss.

Party City Stores to Close by February, Company Says

Party City is permanently closing all stores by February 2025, ending its legacy of party supply provision.

The Decline of the Rio Grande

The closure of a sugar mill in Texas due to water scarcity impacts jobs, economy, and emotions in the region.

'Entire families are working there, it's devastating' - 315 Cardinal Health workers to be laid off from Offaly plant

The closure of Cardinal Health's Offaly plant will lead to the loss of 315 full-time jobs, impacting many families.

NYC food-delivery workers losing jobs after minimum wage hike - even as menu prices soar: report

New York City's minimum-wage hike to nearly $20/hour boosted pay for food delivery workers but led to job loss and increased delivery prices.
Delivery workers saw a significant increase in earnings per week despite working fewer hours, with average hourly wage rising to $19.26 including tips.

Trump is still courting coal workers. This county shows why it matters.

Biden officials promise assistance for coal country in clean-energy transition.

How to know if AI will steal your job, according to an MIT professor

Public fear of AI stems from its potential economic impact, particularly regarding the risk of job loss.

Party City Stores to Close by February, Company Says

Party City is permanently closing all stores by February 2025, ending its legacy of party supply provision.

The Decline of the Rio Grande

The closure of a sugar mill in Texas due to water scarcity impacts jobs, economy, and emotions in the region.

'Entire families are working there, it's devastating' - 315 Cardinal Health workers to be laid off from Offaly plant

The closure of Cardinal Health's Offaly plant will lead to the loss of 315 full-time jobs, impacting many families.

NYC food-delivery workers losing jobs after minimum wage hike - even as menu prices soar: report

New York City's minimum-wage hike to nearly $20/hour boosted pay for food delivery workers but led to job loss and increased delivery prices.
Delivery workers saw a significant increase in earnings per week despite working fewer hours, with average hourly wage rising to $19.26 including tips.
moreeconomic-impact
#tata-steel

Can a steel town survive if its furnaces are turned off? podcast

Tata Steel's closure of Port Talbot's furnaces raises concerns about job losses amidst a bid for greener steel production.

Labour finalising 500m rescue for Tata Steel's Port Talbot plant

The UK government is finalizing a £500 million rescue package to support Tata Steel's shift to greener production methods.

Tata Steel workers and suppliers receive 13.5 million in emergency funding amid Port Talbot restructuring

The UK government is providing emergency funding to assist workers and businesses impacted by Tata Steel's transition to greener technology.

Can a steel town survive if its furnaces are turned off? podcast

Tata Steel's closure of Port Talbot's furnaces raises concerns about job losses amidst a bid for greener steel production.

Labour finalising 500m rescue for Tata Steel's Port Talbot plant

The UK government is finalizing a £500 million rescue package to support Tata Steel's shift to greener production methods.

Tata Steel workers and suppliers receive 13.5 million in emergency funding amid Port Talbot restructuring

The UK government is providing emergency funding to assist workers and businesses impacted by Tata Steel's transition to greener technology.
moretata-steel
#stellantis

Business secretary under fire over delayed talks as Vauxhall confirms Luton closure

The Government is criticized for inadequate communication with Stellantis prior to the decision to close the Luton van-making plant, risking 1,100 jobs.

Vauxhall owner shares fall as boss suddenly quits - London Business News | Londonlovesbusiness.com

Stellantis shares dropped after CEO Carlos Tavares resigned following plant closure announcements, highlighting leadership instability and job risks amidst industry shifts.

Business secretary under fire over delayed talks as Vauxhall confirms Luton closure

The Government is criticized for inadequate communication with Stellantis prior to the decision to close the Luton van-making plant, risking 1,100 jobs.

Vauxhall owner shares fall as boss suddenly quits - London Business News | Londonlovesbusiness.com

Stellantis shares dropped after CEO Carlos Tavares resigned following plant closure announcements, highlighting leadership instability and job risks amidst industry shifts.
morestellantis

Links For You (12/14/24)

The author experiences job loss but feels supported and optimistic about finding a new position.

The youth are 'lifeless': Economist's speech goes viral in China

China's youth are less economically active than older generations, reflecting concerns over job loss and consumption patterns.
Younger populations are showing slower consumption growth, contrasting with more stable spending habits among older demographics.
#electric-vehicles

Ford calls for incentives to buy electric cars as backlash grows

Ford UK urges government incentives to boost electric vehicle demand; without it, EV sales targets are ineffective.

MP warns Luton closure is a 'downpayment on future job losses under Labour' - London Business News | Londonlovesbusiness.com

Car manufacturers face widespread challenges in transitioning to electric vehicles, affecting multiple companies in the UK.
The government's intervention is insufficient to address the global nature of issues facing the automotive industry.

Ford calls for incentives to buy electric cars as backlash grows

Ford UK urges government incentives to boost electric vehicle demand; without it, EV sales targets are ineffective.

MP warns Luton closure is a 'downpayment on future job losses under Labour' - London Business News | Londonlovesbusiness.com

Car manufacturers face widespread challenges in transitioning to electric vehicles, affecting multiple companies in the UK.
The government's intervention is insufficient to address the global nature of issues facing the automotive industry.
moreelectric-vehicles

'I found out I lost my Vauxhall job on WhatsApp'

Vauxhall Motors' factory closure puts 1,100 jobs at risk, threatening Luton’s economy and local workforce.

I Did Not Say That!' Anchor Hits Back When Nancy Mace Melts Down Over Question About Bathroom Resolution' And Job Losses

Rep. Nancy Mace defends her focus on a bathroom resolution despite concerns over job losses for her constituents, leading to a heated interview.

I'm being forced to retire early and not sure if I should take it or not because I'm 40% away from my financial goal of retirement

Reassessing financial goals is crucial after an unexpected job loss, allowing for a flexible approach to retirement.
#career-development

Hey Daddy, did you lose your job?

Getting fired can be a new beginning, offering an opportunity for growth and reinvention rather than an irreversible setback.

Lost Your Job? Announce It On Social Media

Leverage social media platforms like LinkedIn and TikTok to alert others that you are in need of assistance in finding a new job.
Social media offers opportunities to build and showcase personal brand, connect with potential employers, and engage with industry-specific content.

Hey Daddy, did you lose your job?

Getting fired can be a new beginning, offering an opportunity for growth and reinvention rather than an irreversible setback.

Lost Your Job? Announce It On Social Media

Leverage social media platforms like LinkedIn and TikTok to alert others that you are in need of assistance in finding a new job.
Social media offers opportunities to build and showcase personal brand, connect with potential employers, and engage with industry-specific content.
morecareer-development
from www.nytimes.com
1 month ago

Record 146,000 N.Y.C. Public School Students Were Homeless Last Year

Unexpected problems like job loss or disaster can lead to significant homelessness, especially among families with children in New York City.

Don't sign your severance agreement until you negotiate these 3 points

Severance agreements can provide crucial support after job loss, but employees should not rush to sign without understanding their options.
#retail

Ted Baker to close all remaining shops this week putting 500 jobs at risk

Ted Baker is closing 31 stores and over 500 jobs are at risk following its collapse into administration.

The south London Carpetright stores that are now permanently CLOSED

Tapi Carpets rescued some stores and jobs after Carpetright in south London closed due to administration.

Homebase could be set for administration - London Business News | Londonlovesbusiness.com

Homebase is facing potential administration amidst financial struggles, but a rescue plan may save many jobs.

Ted Baker to close all remaining shops this week putting 500 jobs at risk

Ted Baker is closing 31 stores and over 500 jobs are at risk following its collapse into administration.

The south London Carpetright stores that are now permanently CLOSED

Tapi Carpets rescued some stores and jobs after Carpetright in south London closed due to administration.

Homebase could be set for administration - London Business News | Londonlovesbusiness.com

Homebase is facing potential administration amidst financial struggles, but a rescue plan may save many jobs.
moreretail
#milwaukee

Some Black Voters Ask, What Have Democrats Done for Us?

Economic decline for Black residents in Milwaukee highlighted through Jamaal Stokes's personal narrative.

Some Black Voters Ask, What Have Democrats Done for Us?

Disillusionment among Black voters grows as economic struggles persist, overshadowing political campaigns.

Some Black Voters Ask, What Have Democrats Done for Us?

Economic decline for Black residents in Milwaukee highlighted through Jamaal Stokes's personal narrative.

Some Black Voters Ask, What Have Democrats Done for Us?

Disillusionment among Black voters grows as economic struggles persist, overshadowing political campaigns.
moremilwaukee
#ai-impact

AI 'apocalypse' could wipe out 8 million jobs in the U.K., and women and Gen Z are most at risk

8 million UK workers at risk of job loss to AI
Government policy crucial for managing AI impact

A recession could create an 'abrupt shift' in AI adoption: ''That's when you really see the effects of automation'

The impact of AI on job replacement will likely be heightened during a recession, as companies focus on cost-cutting.

1.5M UK jobs now at risk from AI, report finds

11% of UK job tasks at risk of AI replacement, potentially leading to 1.5 million job losses in worst case scenario.
Back-office, entry-level, and part-time jobs are most exposed with medium and low-wage employees being at greatest risk.

AI 'apocalypse' could wipe out 8 million jobs in the U.K., and women and Gen Z are most at risk

8 million UK workers at risk of job loss to AI
Government policy crucial for managing AI impact

A recession could create an 'abrupt shift' in AI adoption: ''That's when you really see the effects of automation'

The impact of AI on job replacement will likely be heightened during a recession, as companies focus on cost-cutting.

1.5M UK jobs now at risk from AI, report finds

11% of UK job tasks at risk of AI replacement, potentially leading to 1.5 million job losses in worst case scenario.
Back-office, entry-level, and part-time jobs are most exposed with medium and low-wage employees being at greatest risk.
moreai-impact
#economy

Labour's Budget leaves 90% of venues struggling with unmangeable costs and many will go bust - London Business News | Londonlovesbusiness.com

The UK nightlife sector is facing a potential crisis with 90% of businesses severely impacted by cost increases and consumer spending declines.

'A black day for Tullamore' - 315 jobs to go as Cardinal Health announces phased closure of Offaly plant

Cardinal Health is planning a phased closure of its Tullamore plant, affecting 315 full-time positions by March 2026.

Labour's Budget leaves 90% of venues struggling with unmangeable costs and many will go bust - London Business News | Londonlovesbusiness.com

The UK nightlife sector is facing a potential crisis with 90% of businesses severely impacted by cost increases and consumer spending declines.

'A black day for Tullamore' - 315 jobs to go as Cardinal Health announces phased closure of Offaly plant

Cardinal Health is planning a phased closure of its Tullamore plant, affecting 315 full-time positions by March 2026.
moreeconomy
#career-transition

Laid-Off Six-Figure Tech Worker Ends Up Shucking Oysters, Still Does Great

Hannah Che's proactive planning and side hustle allowed her to transition smoothly after being laid off from her high-paying job.

Revenge for being fired is best served profitably

Life can take unexpected turns; embracing change can lead to new opportunities. Sam's journey demonstrates resilience and innovation after job loss.

Laid-Off Six-Figure Tech Worker Ends Up Shucking Oysters, Still Does Great

Hannah Che's proactive planning and side hustle allowed her to transition smoothly after being laid off from her high-paying job.

Revenge for being fired is best served profitably

Life can take unexpected turns; embracing change can lead to new opportunities. Sam's journey demonstrates resilience and innovation after job loss.
morecareer-transition

Sumitomo Rubber is shutting a century-old New York tire plant and laying off all 1,550 employees working there

Sumitomo Rubber is closing its western New York plant, eliminating 1,550 jobs due to financial losses and competitive market pressures.

Thousands of Boeing machinists to return to work as union ends strike after vote

IAM union leaders endorsed a new contract proposal featuring a significant 43.65% compounded wage increase over four years, addressing previous rejections.
#labor-unions

USPS Overhaul Threatens to Dismantle National Postal Service

The USPS overhaul threatens jobs and service efficiency across the country, prompting significant resistance from postal worker unions.

Unions are fighting for protections in AI-powered workplaces

Workers are open to AI that improves job outcomes and safety, but are worried about job loss.
Labor unions are starting to negotiate contracts that address AI-related concerns and provide protection for workers.

USPS Overhaul Threatens to Dismantle National Postal Service

The USPS overhaul threatens jobs and service efficiency across the country, prompting significant resistance from postal worker unions.

Unions are fighting for protections in AI-powered workplaces

Workers are open to AI that improves job outcomes and safety, but are worried about job loss.
Labor unions are starting to negotiate contracts that address AI-related concerns and provide protection for workers.
morelabor-unions
from Miami Herald
1 month ago

More money, more problems: Loss of benefits can stop Floridians from seeking higher pay

The Hiott family struggles with a benefits cliff, unable to accept jobs that would help financially without losing essential childcare and healthcare benefits.

Hurricanes and Boeing strike will make economic data messy

Economic indicators may misrepresent actual conditions post-disaster, complicating recovery assessments over the coming years.
Job losses linked to recent disasters could mislead employment data for October 2023, highlighting the complexity of economic recovery.

Rebuilding your sense of self after a job loss

Understanding job loss involves recognizing the emotional impact and developing a narrative to recover psychologically.

A convenient stop on I-5 road trips in Calif. is closing

TravelCenters of America in Corning is closing October 15, impacting services for travelers and resulting in job losses for employees.
#tgi-fridays

TGI Fridays rescue leads to 1,000 job losses and 35 closures despite private equity buyout

The rescue of TGI Fridays UK results in 35 branch closures and over 1,000 job losses, provoking backlash over staff treatment during redundancies.

Rescue deal saves Wembley branch of American restaurant chain

TGI Fridays UK has saved 51 locations after a rescue deal, but 35 have closed immediately, impacting over 1,000 employees.

Rescue deal fails to save Enfield branch of American restaurant chain

The Enfield TGI Fridays branch closed suddenly despite a rescue plan that saved many other locations.

TGI Fridays rescue leads to 1,000 job losses and 35 closures despite private equity buyout

The rescue of TGI Fridays UK results in 35 branch closures and over 1,000 job losses, provoking backlash over staff treatment during redundancies.

Rescue deal saves Wembley branch of American restaurant chain

TGI Fridays UK has saved 51 locations after a rescue deal, but 35 have closed immediately, impacting over 1,000 employees.

Rescue deal fails to save Enfield branch of American restaurant chain

The Enfield TGI Fridays branch closed suddenly despite a rescue plan that saved many other locations.
moretgi-fridays

This is the best way to announce your layoff on LinkedIn

Ethan Olkovikas leveraged LinkedIn to control the narrative of his layoff, gaining support and landing a new freelance role.
#industrial-action

Workers at tech firm Becton Dickinson begin work-to-rule in row over exit package as 200 jobs to go

Up to 200 jobs will be lost in Drogheda as the plant closes in 2026, leading workers to initiate industrial action.

Workers at tech firm Becton Dickinson begin work-to-rule in row over exit package as 200 jobs to go

The closure of a profitable plant in Drogheda will result in significant job losses, leading workers to vote for industrial action.

Workers at tech firm Becton Dickinson begin work-to-rule in row over exit package as 200 jobs to go

Up to 200 jobs will be lost in Drogheda as the plant closes in 2026, leading workers to initiate industrial action.

Workers at tech firm Becton Dickinson begin work-to-rule in row over exit package as 200 jobs to go

The closure of a profitable plant in Drogheda will result in significant job losses, leading workers to vote for industrial action.
moreindustrial-action

I'm going to miss all my friends': Oakland Coliseum workers prepare for life after A's

The Oakland Athletics' relocation to Sacramento leads to significant job losses for nearly 600 employees, leaving them devastated and uncertain about their futures.

After losing his job 15 years ago, a single dad started flipping cellphones on eBay. He turned the hustle into a six-figure monthly reselling business and plans to retire at 40.

Single dad Richard S. turned to reselling electronics on eBay after losing his job in 2008, later pivoting to clothing for greater profits.
#oil-refinery

Scotland's only oil refinery confirmed to close next year

Scotland's only oil refinery, Grangemouth, will close by next summer, leading to the loss of 400 jobs due to competition from overseas.

Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports

Grangemouth oil refinery in Scotland will close next year, resulting in 400 job losses and reduced domestic oil refining capacity.

Scotland's only oil refinery confirmed to close next year

Scotland's only oil refinery, Grangemouth, will close by next summer, leading to the loss of 400 jobs due to competition from overseas.

Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports

Grangemouth oil refinery in Scotland will close next year, resulting in 400 job losses and reduced domestic oil refining capacity.
moreoil-refinery

Labour's net zero quest will cost jobs, unions fear

Labour's green policies threaten jobs and jeopardize working-class communities, sparking fears among unions about the future of British manufacturing.

Steelworkers face losing jobs by Christmas - MP

Steelworkers in Lincolnshire face anxiety over potential job losses due to planned furnace closures by Christmas as part of a decarbonisation initiative.

Finance chief of tech consulting firm accused of embezzling $500,000, spent part of it in a casino

A finance manager embezzled $500,000 from her tech firm, causing bankruptcy and job losses.
Her fraudulent actions were discovered after financial discrepancies prompted an investigation.

Exclusive | NYC man claims bus driver choked him - but he was the one arrested for the caught-on-video attack

Houston claims he was wrongfully charged after being attacked by a bus driver, leading to job loss and legal action against the city.

Biglaw Partner Leaves Firm After Drunk Driving

Driving under the influence can have severe consequences, including job loss and legal penalties.
#generative-ai

Activision Reportedly Sold AI-Generated Call of Duty: Modern Warfare 3 Cosmetic

Activision used generative AI to create in-game cosmetic for profit, despite earlier claims of limited use for concept art only.

Where do we draw the line on using AI in TV and film?

The encroachment of generative AI in Hollywood is a major concern, impacting creators' livelihoods and sparking fear and caution in the industry.

Activision Reportedly Sold AI-Generated Call of Duty: Modern Warfare 3 Cosmetic

Activision used generative AI to create in-game cosmetic for profit, despite earlier claims of limited use for concept art only.

Where do we draw the line on using AI in TV and film?

The encroachment of generative AI in Hollywood is a major concern, impacting creators' livelihoods and sparking fear and caution in the industry.
moregenerative-ai

The Gannett editor fired for talking with me has engineered a soft landing - Poynter

Sarah Leach faced job loss after discussing broken promises with Gannett.
Leach received significant support after her firing and is pursuing new opportunities to share important stories independently.

Driver 'could lose job' after travelling nearly 30mph above speed limit on A20 due to 'inadequate' signage

Scott Paczensky faces potential job loss and travel challenges due to possible driving ban for speeding on A20.

I was an old agency dog, but I learned new tricks

Ageism is prevalent in the creative industry, leading to job loss for experienced professionals.
Adapting to new technology and industry trends can help experienced individuals remain relevant and find opportunities.

Central Brooklyn Against SUNY Downstate Closure, Poll Says

Residents of central Brooklyn oppose closure of SUNY Downstate Hospital, citing concerns over healthcare access and job loss.
Survey data reveals strong community support to keep SUNY Downstate open, particularly from those who have received care there.

As Council prepped public support, local Google workers learned of layoffs - Austin Monitor

Private-sector workplace drama unfolded during a City Council meeting where Google workers learned of job loss while discussing a city resolution.

What Happens to a Gun Town When the Gun Factory Moves Out?

Eliphalet Remington started Remington Arms in upstate New York, a company that played a significant role in producing weapons for various sectors.
Economic factors and global competition led to Remington Arms relocating its operations from New York to Georgia, causing the loss of hundreds of jobs in the village.
#automation

Need to get up to speed on gen AI? Here's how

AI advancement may lead to widespread job loss.

ChatGPT? Sure, I've heard it. But is AI coming for my job?

89 percent of US office workers have heard of ChatGPT and 74 percent have used it.
47 percent of workers worry that AI could replace their role, an increase from 29 percent in February 2023.

Need to get up to speed on gen AI? Here's how

AI advancement may lead to widespread job loss.

ChatGPT? Sure, I've heard it. But is AI coming for my job?

89 percent of US office workers have heard of ChatGPT and 74 percent have used it.
47 percent of workers worry that AI could replace their role, an increase from 29 percent in February 2023.
moreautomation

Viral layoff videos reflect a sea change in work culture

Workers are publicly sharing their experiences of being laid off or fired on social media platforms like TikTok, LinkedIn, and X.
This trend marks a shift in work culture, with job loss losing its stigma and workers seeking support and new opportunities by going public.

Sam Altman Says Human-Tier AI Is Coming Soon

OpenAI CEO Sam Altman believes that artificial general intelligence (AGI) will change the world and jobs less than we think.
Altman predicts that AGI could arrive in the reasonably close-ish future, but the timeline is vague.

Barbara Lynch Closes Menton, Sportello, and Drink in Fort Point

Barbara Lynch's restaurant group, the Barbara Lynch Collective, is closing three venues due to an uncooperative landlord, resulting in 100 lost jobs.
Lynch is selling two South End venues and retaining ownership of No. 9 Park, B&G Oysters, and the Rudder.

VML merger, John Lewis in court and AI boom: our most-read agency stories of 2023

AI was a compelling story in advertising in 2023, with agencies exploring its potential uses and clients pushing ahead with implementation.
Stories about agency mergers, job losses, and the dissolution of traditional creative partnerships were also highly read.

Elon Musk and these other 9 bosses had a terrible, horrible, no good, very bad 2023

2023 was a challenging year for several top executives, with financial losses, job losses, and damaged reputations
Elon Musk had a mixed year with Tesla's stock rebounding but facing challenges in profitability and safety recalls

Why designers quit (2023 report) | Matej Latin

14.3% of designers who participated in the survey stated that they were laid off, compared to a fraction in 2022.
The survey included more questions this year, such as salary increase with job switch, design maturity of the company, company and design team size, and happiness rating in various aspects of their previous job.
#job loss

AI governance cannot go without Sino-US cooperation

AI technology has made significant progress, creating both opportunities and risks.
Education and policy adjustments are necessary to mitigate job loss and harness AI's potential for creating new jobs.

Top 10 Fears About Artificial Intelligence - TechRound

AI Anxiety is a common fear regarding the rapid rise of AI and its potential future effects.
Job loss, ethical concerns, and loss of human connection are among the top fears associated with AI.

Dark thoughts': how Ruth Perry's resolve fell apart after Ofsted visit

Ruth Perry, a headteacher at Caversham primary school, experienced severe distress during an Ofsted inspection, leading to mental health issues.
The inspection resulted in the school being downgraded from outstanding to inadequate, potentially leading to job loss and conversion into an academy.

Designer layoff stories

The author experienced the highs and lows of getting a raise and being laid off in a short span of time.
Shame and guilt can have a significant impact on a person's mindset when they become unemployed.
The fear of being judged or asked about their job can be a source of anxiety for someone who is jobless.

AI governance cannot go without Sino-US cooperation

AI technology has made significant progress, creating both opportunities and risks.
Education and policy adjustments are necessary to mitigate job loss and harness AI's potential for creating new jobs.

Top 10 Fears About Artificial Intelligence - TechRound

AI Anxiety is a common fear regarding the rapid rise of AI and its potential future effects.
Job loss, ethical concerns, and loss of human connection are among the top fears associated with AI.

Dark thoughts': how Ruth Perry's resolve fell apart after Ofsted visit

Ruth Perry, a headteacher at Caversham primary school, experienced severe distress during an Ofsted inspection, leading to mental health issues.
The inspection resulted in the school being downgraded from outstanding to inadequate, potentially leading to job loss and conversion into an academy.

Designer layoff stories

The author experienced the highs and lows of getting a raise and being laid off in a short span of time.
Shame and guilt can have a significant impact on a person's mindset when they become unemployed.
The fear of being judged or asked about their job can be a source of anxiety for someone who is jobless.
morejob loss

6 tips to stay on track with your investing goals after losing a job

Unemployment benefits can help bridge the gap while job hunting, but many eligible individuals fail to apply due to misconceptions.
Applying for unemployment benefits is crucial to sustaining finances after a layoff, as payments can help extend savings during a job search.

AI Detectors Get It Wrong. Writers Are Being Fired Anyway

AI detection tools can impact innocent writers, leading to job loss.
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