layoffs

Markets

Hypothetical AI Doomsday Scenario Lights Up Wall Street’s HALO Trade

Photo via Bianca Otero/ZUMAPRESS/Newscom

A post from Citrini Research has drawn widespread attention for its imagining of a 2028 in which AI leads to unceasing white collar layoffs.

2 min read

Photo by gorodenkoff via iStock

Indicators

Labor Market Flexes Muscle and Exhibits Flab in Latest BLS Data

Job gains are heavily concentrated in healthcare and social assistance, which added 125,000 jobs last month for the lion’s share of new gigs.

2 min read
Photo via Davide Bonaldo/ZUMAPRESS/Newscom

Finance

Do McKinsey Layoffs Signal Trouble for Consulting Industry?

Fellow professional services firms such as Deloitte, Ernst & Young, and KPMG have already undergone significant layoffs.

1 min read
Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

Indicators

Mixed Message to Fed: Layoffs, Job Openings Increase Simultaneously

The number of available positions climbed to 7.67 million in October, according to the JOLTS report, good for the highest mark in five months.

2 min read

Indicators

Amazon Job Cuts Broaden Big Tech’s Layoff Barrage

Photo via CentralITAlliance

When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.

2 min read

Personal Finance

Ripped Job Market Swipes Left on New Grads

Photo by Andrej Lišakov via Unsplash

For the first time in decades, recent college grads have a higher unemployment rate than the rest of the economy.

2 min read

Patent Drop

Lyft Seeks Micromobility Patents Amid Bike and Scooter Restructuring

Photo via U.S. Patent and Trademark Office

The company’s recent changes, aimed at “right-sizing [its] cost structure,” include layoffs and shifting focus from R&D.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.