Record 1.3 million apply for unemployment benefits amid corona resurgence
A July 9 report from the Labor Department shows that the number of applications for unemployment has now topped 1 million for 16 straight weeks. Before the pandemic, the ...
How to avoid talking politics at work
As the saying goes, “don’t talk religion or politics in the office.” It’s quite easy to avoid politics at work when you’re months away from the next election. ...
Crisil says $160 million loss due to H1B Visa change marginal for Indian IT firms
The H1B visa suspension by the US government will cost Indian IT firms $160 million and have a marginal 0.25-0.30 percent impact on their profitability, CRISIL, a domes...
Traditional male-dominated careers still find few takers in women
According to a Bureau of Labour Statistics (BLS) 2019 data, there are still many occupations where women are underrepresented and are majorly male-dominated occupations. ...
Nike announces layoffs on the heels of dismal quarter results
Nike, the sportswear brand, announced a dismal fiscal fourth quarter for 2020, and on the same day, the CEO of the company, John Donahoe, sent an email to employees warni...
H1B and Other Temporary Visa Grants Suspended Till 2022
The United States President signed an executive order banning temporary work visas and green cards for all foreigners, till 2020-end. The US President Donal Trump, after...
Crisis Text CEO Resigns Amidst Allegations of Toxic Work Environment
Crisis Text Line CEO Nancy Lublin was forced to resign from the non-profit organization’s board after allegations of racism and a toxic work environment from her st...
PPP Norms and Regulations for Fund Eligibility and Forgiveness
The ongoing Coronavirus pandemic has threatened the livelihood of many small and medium enterprises. The lockdown has led to small offices, factories, retailers, hotelier...
Small Businesses Get Flexibility under New PPP Loan Forgiveness Bill
On June 4, 2020, Congress passed the Paycheck Protection Flexibility Act of 2020 and improved the Paycheck Protection Program (PPP) for small-business loans. The bill att...
Amazon to Offer 70% of New Workers a Permanent Job
To ease the blow on the US economy, Amazon is now offering full-time positions to most of the 175,000 temporary workers it brought onboard since March. The hiring would a...
Renault to Cut 15000 Jobs as Revenues and Sales Fall
Renault, the French carmaker, announced that it will be cutting 15000 people from its workforce worldwide as part of a two billion-euro cost-cutting plan. The jobs will b...
The Second Wave of Mass Layoffs Has Begun
In just three months, the coronavirus pandemic has driven unemployment in the United States to levels akin the 1930s Great Depression. The COVID-19 outbreak has claimed 3...
UK Furlough Scheme: A Quick Guide for Employers
The Furlough Scheme, officially known as the Coronavirus Job Retention Scheme was launched in March. It allows UK employers to furlough workers and claim a cash grant of ...
UK’s Furlough Scheme: Firms to cover a quarter of furloughed staff’s wages
Under the furlough scheme, employers will be asked to cover between 20 percent and 30 percent of a worker’s wage. Businesses would also need to pay national insurance c...
IBM Layoffs: Thousands Lose Jobs as Big Blue Swings the Axe
IBM is cutting an unspecified number of jobs in its first major workforce reduction under the new chief executive office Arvind Krishna. Armonk, N.Y.-based IBM said in a ...
Uber Announces Further Job Cuts; 23 Percent of Workforce Let Go
Uber announced further job cuts via an email sent to employees by CEO Dara Khosrowshahi. The company has cut 23 percent of its workforce and says that it will now concent...
