layoffs

“Today’s report was an enormous surprise and shows the labor market hit a hidden pothole in April,” Glassdoor senior economist Daniel Zhao tells CNBC Make It.

The exodus of female workers from the labor market during Covid is bad for the economy, say chief human resources officers at Verizon, Hilton and Workhuman.

U.S. Treasury yields fell slightly on Thursday after the release of weekly jobless claims data.

U.S. Treasury yields dipped on Friday morning, following weak demand for new 30-year bonds in an auction in the previous session.

Treasury yields continued to climb on Thursday morning, following better-than-expected private jobs data.

Whether it is to earn extra income or replace a lost job, more Americans are turning to freelance work. These industries are looking for help.

A bipartisan group of lawmakers pushed for a new coronavirus stimulus bill, which was rejected by McConnell. Experts say it falls short to help Americans need now.

The Walt Disney Co. announced plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic’s effect on the industry

The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession

Tens of thousands of airline employees will soon lose their jobs after the White House and Congress failed to agree on a relief package that would have sent more money to the industry. Airline CEOs went to the White House just over two weeks ago to ask for help.

A U.S. Census Bureau manager in Illinois instructed employees to start layoffs two weeks after a federal judge prohibited the agency from winding down the 2020 census

The University System of Maryland’s chancellor announced he’s taking a 10% pay cut and warned that employees could face pay reductions or layoffs as the system struggles to close a budget shortfall caused by the coronavirus pandemic

Ford Motor reportedly plans to cut about 1,000 salaried jobs in North America as it tries to execute an $11 billion restructuring plan that has failed to meet Wall Street’s expectations. The planned reduction, reported by Bloomberg, comes as the company is expected to report its first annual operating loss in a decade. It also follows thousands of previous job cuts under...

School bus drivers and cafeteria workers in Frederick County, Maryland, face a looming deadline for layoffs. News4’s Aimee Cho spoke with officials about the tough decision as classes move online.

Nearly 600 school bus drivers and food service workers in Frederick County, Maryland, will temporarily be laid off as students learn online during the coronavirus pandemic.  Frederick County Public Schools announced Thursday that they will begin a temporary “reduction in force.” Board of Education President Brad Young said that with school online until at least January, the district didn’t...

A resurgence of confirmed COVID cases across the South and West — and the suspension or reversal of re-openings of bars, hotels, restaurants and other businesses — is endangering hopes for an economic rebound in the region and perhaps nationally

Even as the U.S. economy begins to flicker back to life, even as job cuts slow and some laid-off people are called back to work, the scope of the devastation left by the viral pandemic has grown distressingly clear to millions who’d hoped for a quick return to their jobs: They may not be going back anytime soon

Signs of renewed activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work

Uber is cutting 3,000 more jobs less than two weeks after an initial round of layoffs, CNBC confirmed. In an email to employees Monday, CEO Dara Khosrowshahi said Uber would also be shutting or consolidating 45 offices around the world and it is considering cuts to other businesses, like freight. Uber shares were up about 9% on the news, which was…

Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.