workforce

Major Job Cuts at Cox Communications: 5% of Workforce to Be Laid Off Due to Sales Decline

3 months ago

Cox Communications, one of the leading cable TV and internet service providers in the U.S., has announced a 5% reduction in its workforce due to a significant drop in sales revenue. This decision reflects the current market conditions that are prompting the company to reevaluate its business strategies.

ChargePoint Cuts Workforce by 15% After Missing Financial Estimates

3 months ago

ChargePoint, a leading operator of electric vehicle charging stations, has announced a 15% reduction in its workforce following disappointing financial results. The company released its second-quarter results, which fell significantly short of analysts’ expectations, prompting management to make cuts and streamline the business.

Weak US Workforce Growth: What Awaits Us in the Next Decade?

3 months ago

According to recent data, the US workforce is expected to grow by only 0.4% per year over the next decade. This indicates that the expansion rate of the labor market remains at a very low level, which can have serious consequences for the country's economy. Experts link this forecast to several factors, including an aging population, declining birth rates, and a steady rise in automation in production and service enterprises.