Report: AT&T plans layoffs despite claiming tax cut would create 7,000 jobs

Enlarge (credit: Getty Images | SOPA Images) AT&T is reportedly planning a significant round of layoffs, despite receiving a large tax break and various regulatory favors such as the repeal of net neutrality rules. Motherboard reported the pending layoffs yesterday, saying it obtained the information from AT&T internal documents and an anonymous AT&T source. “A […]

Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure

Enlarge (credit: Getty Images | Spencer Platt) Verizon is parting ways with 10,400 employees in “a voluntary separation program,” despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly seven percent of Verizon’s workforce and were announced along […]

These Extreme Museums Honor the World's Most Dangerous Jobs

In this original series, Extreme Museums, join OZY for a look at some of the world’s weirdest and wildest exhibitions. Read more. Museums, at their heart, are established to educate about important subjects that have had an impact on our world (or sometimes less so). And what greater impact can people have than saving lives […]

Superstar cities have a big advantage in attracting high-paying jobs

IN THE END, Amazon disappointed everyone. A year ago the e-commerce giant said it would open a second headquarters, and solicited bids from cities keen on the 50,000 new jobs and $ 5bn in investment it would bring. The gambit might have produced a fascinating experiment in urban development, and a departure from the concentration […]

Wells Fargo plans to cut roughly 1,000 US jobs

REUTERS/Rick Wilking Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions. Most of those affected received 60-day notices, but some received pre-notices, meaning they will get a 60-day notice sometime next year. Over the summer, […]

Stocks fall after jobs report shows wages are rising at the fastest pace in nearly a decade

Brendan McDermid/Reuters Stocks fell Friday for a fourth day on the back of trade optimism. The US added more jobs than expected in October, and wages rose at the fastest pace in nearly a decade. Follow the US indexes in real time here. Stocks stumbled Friday as the latest signs of a tightening labor market […]

Top tech companies like Netflix and LinkedIn say they have no problem with employees interviewing for other jobs — in fact, they might want to help

Strelka Institute for Media, Architecture and Design/Fllickr The best management strategy is encouraging employees to be open about next steps in their career, according to top tech companies like Netflix and LinkedIn. Executives at these companies have said publicly that they have no problem with employees interviewing for other jobs — in fact, they sometimes […]