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Hiring Freeze

All articles tagged with #hiring freeze

economy2 months ago

U.S. Job Market Faces Turmoil Amid Mass Layoffs and Economic Uncertainty

Despite recent high-profile layoffs at Amazon, UPS, and others, the US job market remains in a low-hire, low-fire state, with the current layoffs being relatively small compared to historical levels. Experts suggest that a significant increase in layoffs would be needed to signal a serious downturn, and many industries continue to face labor shortages, especially in healthcare. The overall labor market is stable for now, but ongoing company decisions and economic factors are being closely monitored.

via businessinsider.com|
#amazon#economic-outlook#economy
economy1 year ago

Navigating the Evolving Tech Job Market Amidst Recession

The tech industry is experiencing a white-collar recession, with significant hiring slowdowns and layoffs affecting high-paying jobs. Despite a low overall unemployment rate, tech professionals like Jon Bach are struggling to find new positions, facing numerous rejections and nonresponses. The downturn is attributed to over-hiring during the pandemic, a shift towards stability among current employees, and increased efficiency from AI tools. While some sectors like healthcare are thriving, tech roles have seen a marked decline, though there are signs of a slow recovery in job openings.

via Business Insider|
#ai-impact#economy#hiring-freeze
business-aviation1 year ago

"Boeing Woes Trigger Hiring Freeze and Cost Review, Southwest Takes a Hit"

Southwest Airlines plans to cut capacity, halt hiring, and review spending due to reduced Boeing aircraft deliveries, leading to an expected net loss this quarter and a lower headcount by year-end. The airline's downcast outlook reflects the broader impact of Boeing's crisis on the aviation industry, with Alaska Airlines also facing capacity uncertainty. Boeing's regulatory and criminal investigations following a near-catastrophic accident have led to mandated output caps on its 737 Max model, affecting many customers. Other US airlines, including American, Delta, and JetBlue, are also adjusting their forecasts in response to industry challenges.

via Yahoo Finance|
#aviation-industry#boeing#business-aviation
business2 years ago

California Fast-Food Chains Grapple with Labor Law Impact

California fast-food workers are set to receive a pay increase to $20 an hour in April, leading to significant impacts on the fast-food industry. Some franchisees are laying off workers, raising menu prices, cutting employee hours, and eliminating vacation time to offset the increased labor costs. The wage hike is also expected to change hiring patterns, with casual dining workers potentially moving to fast-food chains for better pay.

via Business Insider|
#business#california#fast-food
business2 years ago

"Leaked Memo Reveals Salesforce and Slack Halt Hiring in Tech and Product Divisions"

Salesforce and Slack have announced a hiring freeze in their technology and product divisions, with no anticipated end date, affecting plans in Q1 and beyond. The freeze will be lifted based on quarterly performance, and existing offers will be honored. This comes after Salesforce's recent hiring spree and previous layoffs, and coincides with similar reductions at Amazon and Humane. The move has surprised some, especially after Salesforce CEO Marc Benioff extended job offers to OpenAI employees in November.

via Fortune|
#business#hiring-freeze#layoffs
education2 years ago

"University of Arizona Implements Drastic Measures to Tackle Financial Crisis"

The University of Arizona is implementing a financial plan to address an ongoing budget deficit, which includes the resignation of the CFO, Lisa Rulney, and the enactment of hiring and compensation freezes. The university will also reduce financial aid for out-of-state students and defer raises. President Robert C. Robbins presented the plan, which aims to address overspending and poor budget controls, and includes measures such as freezing international travel, restricting purchases, and deferring nonessential capital projects. The university will eliminate the tuition guarantee for new students starting in fall 2025. The plan also involves reorganizing administrative services and implementing a centralized planning model.

via Arizona Daily Star|
#budget-deficit#cfo-resignation#education
politics2 years ago

NYPD Hiring Freeze and Budget Cuts: Mayor Adams' Painful Measures

The NYPD will freeze hiring of new police officers as part of city budget cuts set to be announced by Mayor Adams on Thursday. The hiring freeze comes as the NYPD's uniformed ranks remain below pre-pandemic levels, and major felonies in the city have increased. The move marks a significant concession by Adams, who had previously vowed to increase the NYPD's ranks. The Police Benevolent Association criticized the decision, warning of a public safety disaster. The budget update is also expected to include cuts to the FDNY's overtime spending and training sessions. The budgetary fallout will impact all city agencies, and progressive Democrats have expressed concerns about potential cuts and the administration's spending on asylum seekers.

via New York Daily News|
#budget-cuts#hiring-freeze#mayor-adams
local-government2 years ago

Ogdensburg Council Slashes Positions and Taxes in Budget Overhaul

The Ogdensburg city council in New York voted 4-2 to accept a preliminary budget for 2024 that includes no new hires, cutting two proposed firefighter positions. The budget also reduces the tax rate from $16.58 to an even $16 per $1,000 of assessed value and decreases the proposed water rate increase from 4% to 0%. However, the sewer rate increase is reduced from 12.5% to 4%. The revised budget will require more use of the city's fund balance, resulting in a projected balance for 2024 that is estimated to be 30% below the recommended amount by the state comptroller. The public can provide comments on the preliminary spending plan at the next city meeting, and a final budget must be approved by December 1.

via WWNY|
#budget#city-council#hiring-freeze
politics2 years ago

"NYC Mayor Adams Urges Budget Cuts and Hiring Freeze in Response to Migrant Crisis"

New York City Mayor Eric Adams has called for steep budget cuts of 15 percent across city agencies to address the growing costs of the migrant crisis, which has seen over 100,000 migrants arrive since last year. The cuts will be implemented in three stages, with agencies required to trim 5 percent of their spending by November, another 5 percent in January, and a third round in April. Adams stated that the cuts will not involve layoffs but will include a hiring freeze. He emphasized that the impact on city services should be limited. The mayor attributed the need for cuts to inaction from Washington and Albany and called for more aid from the federal and state governments. The projected cost of the migrant crisis is expected to reach $12 billion by 2025.

via POLITICO|
#budget-cuts#eric-adams#hiring-freeze
pro-wrestling-rumors2 years ago

Bayley's WWE Status: Rumors and Updates.

Rumors suggest that Bayley is not leaving WWE and her recent social media activity is part of a storyline; there may be NXT call ups in the upcoming WWE Draft; morale was high at SmackDown without Vince McMahon present, but there is still a sense of uncertainty among wrestlers; WWE is rumored to be in a hiring freeze; Drew McIntyre's current absence is due to a pre-existing health issue.

via Cageside Seats|
#bayley#hiring-freeze#morale
sports2 years ago

WWE's Hiring Freeze: Backstage Details and Fan Reactions.

WWE is reportedly going through a "hiring freeze" and has not hired any main roster talent this year. Sources speculate that Vince McMahon's return and the company's sale to Endeavor Group are reasons behind the freeze. Triple H reportedly wanted to hire Nick Aldis, but like other potential hires, he has been "left out in the cold" since McMahon's return. The firing of Senior Vice President of Talent Operations and Strategy, James Kimball, was also a reason why some on WWE's radar had no contact after the company had shown interest.

via Wrestling Inc.|
#endeavor-group#hiring-freeze#nick-aldis