workforce

US Job Market Overview: November 2024 Employment Report

4 months ago

The latest employment report for November 2024, released by the U.S. Bureau of Labor Statistics, indicates that the country's economy is showing strong growth. In the past month, 230,000 new jobs were created, significantly exceeding analysts' expectations of a 200,000 increase. This signals that the job market is still recovering from the pandemic downturn and supports confidence in future economic growth.

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

7 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

7 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?

7 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.