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Microsoft to lay off 9,000 workers in second major wave of cuts this year
Despite experiencing strong revenue growth, the company is reducing its workforce by approximately 15,000 employees this year, reflecting a significant adjustment in operational ex...
Read Full Article →Americans are better than ever at saving for retirement, Vanguard says
Recent data indicates that improved retirement plan structures and expert investment guidance have led to record-high contributions to 401(k) accounts, reflecting enhanced financia...
Read Full Article →MP asks Lotus to give clarity to 1,300 workers
The Member of Parliament urged Lotus and Geely to provide transparent communication regarding the future prospects and financial stability affecting the livelihoods of approximatel...
Read Full Article →Disabled Amazon workers in corporate jobs allege ‘systemic discrimination’
Allegations of discriminatory practices and potential legal noncompliance by Amazon regarding accommodation requests could lead to financial liabilities and reputational impacts af...
Read Full Article →DHL Express Canada strike, lockout to end after workers ratify new agreement, union says
The resolution of the three-week labor dispute at DHL Express Canada is expected to stabilize operations and reduce financial losses for both the company and its workforce.
Read Full Article →Tories vow to rip up workers’ rights package
If implemented, the proposed changes could significantly impact labor market regulations, potentially affecting costs for businesses and influencing investor confidence in the coun...
Read Full Article →From Walmart to car washes, American companies are getting caught up in ICE raids and protests
Numerous American businesses across various industries experience disruptions and financial risks as worker absences and potential consumer boycotts increase amid ongoing immigrati...
Read Full Article →Billionaire's business woes sees hundreds of Australian workers sent home
Ongoing challenges in a major industrial group have led to temporary closures and operational pauses at several facilities, resulting in significant disruptions and financial uncer...
Read Full Article →UK finance salaries drop as workers ‘actively develop’ tech skills
In 2025, average compensation in the UK finance sector declined by three percent, leading employees to enhance their technical abilities and consider alternative employment opportu...
Read Full Article →401(k) millionaires fell in the first quarter — but it’s not all bad news
Despite some investors losing millionaire status due to stock-market declines in early 2025, many participants continued contributing consistently to their retirement accounts, mai...
Read Full Article →It’s time for the second draft of globalisation
Adjusting capital markets to align more closely with national priorities and labor concerns could influence investment strategies and economic outcomes across different regions wor...
Read Full Article →BA and Pizza Express among companies that failed to pay minimum wage
Over 60,000 employees were reimbursed a total of £7.4 million following government probes into wage violations by more than 500 companies, highlighting significant financial penalt...
Read Full Article →Chevron will lay off 800 workers in Texas
Chevron’s decision to reduce its workforce by around 800 employees in Texas could impact the company’s operational costs and influence its financial performance moving forward.
Read Full Article →China's BYD is sued over 'slave-like' labor conditions
The lawsuit against BYD and its contractors may impact the company’s financial outlook as it faces legal challenges and potential reputational damage following allegations of sever...
Read Full Article →Breaking: Charges laid against AGL over 'unsafe' lead exposure
The legal action taken against AGL could result in substantial financial penalties and increased regulatory scrutiny, potentially affecting the company’s operational costs and inve...
Read Full Article →'George Town struggles as it is': Smelter work pause worries locals
The reduction in smelter operations at Liberty Bell Bay, a major local employer with over 250 staff, raises concerns about potential economic challenges and job losses in the Georg...
Read Full Article →Qantas judge’s corporate tip: ‘Don’t play us for fools’
The judge overseeing Qantas’s case is expected to impose a substantial penalty for the unlawful dismissal of over 1800 employees, reflecting the serious financial consequences for...
Read Full Article →British workers will not be undercut in UK-India trade deal, government says
The government asserts that the new trade agreement will maintain fair labor costs, while critics argue it could lead to increased competition from lower-paid Indian workers affect...
Read Full Article →GM to lay off 750 workers at Oshawa plant, citing U.S. tariffs: union president
General Motors is reducing its workforce at the Oshawa Assembly plant as a response to U.S. tariffs, which could impact operational efficiency and local economic conditions.
Read Full Article →Before the WFH backflip, industrial relations was already on the political agenda
The government's initial term included reforms aimed at enhancing industrial relations, such as multi-employer bargaining and establishing workers' rights, demonstrating a proactiv...
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