In June, the private sector saw a drop of 33, 000 jobs. This decline was mainly due to fewer hires and companies not filling open positions quickly. However, paychecks grew by 4. 4% over the year, showing that wages are still going up. The job losses were mostly in professional services and education. But some areas, like manufacturing and hospitality, actually adde...
Canada's steel industry is in a tough spot. The US has doubled tariffs on steel imports from Canada. This move has sparked a lot of anger and worry. The industry is bracing for major job losses and factory slowdowns. Steel is a big deal in Canada. It's a 15 billion dollar industry. It employs 23, 000 people directly and supports another 100, 000 jobs indirectly. The...
The auto industry is in a tough spot. Tariffs on imported cars are coming, and they could hit American autoworkers hard. The idea is to bring jobs back to the US, but it's not that simple. The auto supply chain is a complex web that stretches across borders. Shutting down plants in Mexico and Canada will have a domino effect on US suppliers. Many cars built in those ...
The 2024 US election is shaping up to be a big deal, not just for Washington but for the whole world. In the middle of all this, Donald Trump has stepped in to rein in Elon Musk's aggressive cost-cutting plans. Trump has asked his cabinet to make sure that the most skilled federal employees are not caught up in the massive lay-offs that have been happening across t...
The upcoming vote in Germany is more than just a political event; it's a crucial moment for the country's economy. The future of many businesses, like SKW Piesteritz, hangs in the balance. This chemical factory has already cut its annual Christmas bonus in half and shut down one of its two ammonia plants. Why? High energy costs and strict regulations are making it to...
Some people in Washington wanted to make big changes to science funding. These proposed cuts could lead to fewer jobs and less research in the medical field. It could also hurt some of the most important breakthroughs. A lot of people were not happy about this, including the states. Scientists and doctors were shocked by this move. ...
The shockwave began on January 20, 2025, when a sweeping executive order halted all U. S. foreign assistance for ninety days. This pause was supposed to realign aid with American values and interests but left many international aid workers scratching their heads. People worldwide were left in a state of disbelief. The halt in foreign aid is a huge deal. This is...
CNN is shaking things up. It's letting go of about 200 people, which is about 6% of its workforce. But there's a silver lining. The network is pouring $70 million into its digital future. They're planning a new streaming service and want to grow their digital business. This is a big deal because people are changing how they get their news. CEO Mark Thompson is tryin...
Generative AI is making waves in the gaming industry, creating characters that can interact and even replace voice actors. But not all developers are thrilled. They're concerned about the quality of content, potential theft of ideas, biases, and the environmental impact. Plus, there's worry about job losses. A recent survey showed an increase in developers who think ...
Big changes are happening at the Louisville-based Brown-Forman Corporation, one of the largest spirits and wine companies in the U. S. They're closing their barrel-making cooperage, which currently employs around 210 people, by April 25. This is part of a bigger plan to cut jobs globally and restructure their executive leadership team. The goal? To stay competitive i...