Amazon confirmed on Friday that it has started laying off multiple employees in its Alexa division as part of a broader company-wide belt-tightening. Daniel Rausch, Amazon’s vice president of Alexa and Fire TV, notified the affected employees of the job cuts in a memo. The company has been making cost cuts since last year due…
Stellantis, the parent company of Chrysler, has announced that it will be giving voluntary buyouts to around half of its white-collar U.S. employees in order to reduce the company’s headcount and cut costs for its operations in North America. The voluntary separation packages will be offered to 6,400 out of 12,700 non-bargaining unit U.S. employees…
Learning and development programs are gaining popularity among employees, but there is a divide between employees and employers on their value. According to a recent survey from edX, 84% of employees expect their employer to provide training and education to keep their skills up-to-date, but 51% of executives feel their L&D programs are a “waste…
Switzerland Maintains Top Spot as the Most Talent-Competitive Country in the World According to the 2023 Global Talent Competitiveness Index by business school INSEAD, Switzerland has once again secured its position as the world’s most talent-competitive country, holding the crown for ten consecutive years. This achievement is attributed to the country’s high levels of social…
Dave Bernstein, a former U.S. Postal Service worker, has found his retirement to be less secure than he had hoped. When he retired in 1992, he and his wife, Phyllis, were shocked to find that his monthly Social Security check was much lower than expected, despite earning the required 40 credits to be fully insured…
In a recent interview with CNBC Make It, Paul Hendel, the owner and operator of 31 McDonald’s locations across Long Island, Brooklyn, Queens, and Manhattan, shared his journey from a teenage burger flipper to a successful business owner. Hendel’s McDonald’s career began in 1973 when he started working at a newly opened McDonald’s in Merrick,…
United Auto Workers (UAW) union leaders in Detroit have approved a tentative agreement with Ford Motor. The deal includes $8.1 billion in new plant investments, $5,000 ratification bonuses, and other economic gains such as compounded wage increases and improved profit-sharing payments. The 4 ½-year tentative agreement was announced last week and will now be presented…
Negotiators from the United Auto Workers (UAW) union and Stellantis have reached a tentative agreement after six weeks of labor strikes, according to sources familiar with the matter. The terms of the deal are still subject to approval by UAW leadership before being announced publicly on Saturday. This agreement is modeled after the one reached…
Contract negotiations between the United Auto Workers (UAW) and General Motors (GM) are set to resume on Friday after intense talks took place on Thursday night and into the morning, according to sources familiar with the discussions. The potential deal is based on a tentative agreement reached by the UAW with Ford Motor on Wednesday…
United Auto Workers (UAW) union and Ford Motor are on the brink of reaching a tentative agreement that could put an end to a nearly six-week strike at the automaker, according to sources familiar with the matter. The announcement of the agreement is expected as early as Wednesday night, pending approval from UAW leaders. The…
