layoffs

Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | fake images Investment bankers hit by a collapse in equity and debt issuance this year are in line for bonds that are up to 50% lower than in 2021, and they’re the …

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4.2 million people quit in June despite recession worries: ‘A paradox in our economy’

4.2 million people quit in June despite recession worries: 'A paradox in our economy'

A cooldown in the job market is underway: The number of job openings dropped in June while near-record numbers of people continued to quit and get hired into new roles, according to the Labor Department’s latest Job Openings and Labor Turnover Summary. The labor market posted 10.7 million new job openings in June, which is …

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Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency

Google CEO tells employees productivity and focus must improve, launches 'Simplicity Sprint' to gather employee feedback on efficiency

Google CEO Sundar Pichai speaks onstage during the Google I/O annual developer conference in Mountain View, California on May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its usual …

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