#mass-layoffs

#mass-layoffs

Here are some eye-opening numbers: Last year, nearly 20 million Americans got pink slips. By June of this year, 10 million employees had been dismissed from a range of industries and companies, including blue-chip tech firms like Google, Amazon, and Microsoft, as well as once secure federal agencies. A whopping 1.6 million workers are laid off each month. Losing your job is a perpetually looming threat: 40% of American workers report being terminated at least once in their careers;

Russell Vought, director of the Office of Management and Budget, has threatened the layoffs for weeks, citing the government shutdown. Vought wrote on social media Friday that his promised reduction in force had begun. A department spokesperson then confirmed in an email to Inside Higher Ed that "ED employees will be impacted by the RIF." The spokesperson did not clarify how many employees will be affected or in which offices.

When it comes to AI, you'd be hard-pressed to find a more groveling cheerleader than the humble CEO. As hype around the software grows, business execs have become astonishingly comfortable sharing their hopes that AI will soon make human labor a thing of the past. Now, even as Wall Street begins to reckon with the empty promises of AI automation, one CEO is bragging about laying off almost all of his workforce in the face of the tech - a move he says he would make again.

One of the strangest things about appointing Elon Musk as the head of government spending efficiency is that he's largely known for easily preventable and repeated company value loss. There's that time Tesla stock plummeted because he smoked weed on the Joe Rogan show, there's that time Tesla stock sank by 26% after he "gave his heart out" via sieg heil,

"The parties have reached a settlement agreement in principle and began negotiating the terms of a long form settlement agreement," according to court documents filed by both sides, seen by the BBC. Details of the agreement are not yet public and will require the courts' approval. The lawsuit, led by former Twitter employee Courtney McMillian, says about 6,000 people were wrongly denied benefits under the company's severance plan.

The WARN Act was specifically written for cities like Mountain View, cities with single employers that employ a large portion of the local workforce.