The biggest one may never be won
Automation may create as many jobs as it destroys, a new study finds, but men, younger folks, and minorities hold positions that are particularly vulnerable. https://media.wired.com/photos/5c4900e8a730093fb4f2d93d/master/pass/Amazon-Robot-1005969670.jpg
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 […]
U.S. stocks rose sharply, bouncing back from their worst two-day start to a year since 2000. The Dow industrials rose 3.3%, the S&P 500 rose 3.4% and the Nasdaq Composite gained 4.3%.
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 […]
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 […]
How can the understudies best prepare themselves for a lucky break?
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 […]
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, […]
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 […]