Amazon.com Inc. said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The term loan will mature in 364 days, with an option to extend for another 364 days and the proceeds would be used for general corporate purposes. “Given the uncertain macroeconomic environment,…
Morgan Stanley Making ‘Modest’ Job Cuts; CEO ‘Wouldn’t Bet Against’ Musk
NEW YORK—Morgan Stanley is making modest job cuts worldwide, Chief Executive Officer James Gorman said on Thursday, as sluggish deal markets weigh on Wall Street profits. “Some people are going to be let go,” Gorman said at the Reuters NEXT conference, without specifying numbers. “We’re making some modest cuts all over the globe. In most…
DoorDash Cuts 1,250 Jobs After Pandemic Hiring Surge
DoorDash is eliminating about 1,250 corporate jobs, or about 6 percent of its workforce, saying it hired too many people when delivery demand surged during the COVID-19 pandemic. CEO Tony Xu said in a message to employees Wednesday that DoorDash was undersized before the pandemic and sped up hiring to catch up with its growth….
Sweden’s H&M to Lay Off 1,500 Staff in Drive to Cut Soaring Costs and Rescue Profits
November 30, 2022
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COPENHAGEN—Swedish fashion giant H&M on Wednesday became the first big European retailer to start laying off staff in response to the cost of living crisis despite a still tight labor market, as it tries to save 2 billion Swedish crowns ($190 million) a year. The move by the world’s No.2 fashion retailer to reduce mainly…
HP to Cut About 12 Percent Jobs by End of Fiscal 2025
HP Inc. said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12 percent of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter…
The Rage of Paris (1938)
October 21, 2022
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Nicole has no job and is several weeks behind with her rent. Her solution is to try to snare a rich husband. So she enlists the help of her friend Gloria and the maitre d’ to catch the eye of Bill Duncan. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content:…
Employee Faces Criticism From Someone Who Is Not His Direct Supervisor
By Kathleen Furore From Tribune Content Agency I recently spoke with someone who was irritated when a supervisor who had no authority to comment on his performance told him she had noticed him while observing one of her charges. She said she couldn’t see what he was accomplishing, then asked him to explain in detail…
Tesla Steps Up Job Ads as Recession Clouds Gather
While Elon Musk may be worried about the economy, job openings on Tesla’s website suggest the world’s most valuable car maker is hiring employees at a quick pace, in nearly every category of job. Tesla this week listed over 6,900 jobs on its career website, almost a 50 percent surge since mid-June, when Reuters began…
Interpersonal Edge: Good Fences Create Good Work
By Dr. Daneen Skube From Tribune Content Agency Question: I’m in a job where managers, co-workers, and customers constantly demand more than I can give. I try to meet everyone’s expectations, but feel burnt out and resentful. I’m worried that setting boundaries will get me fired. How can I deal with unreasonable and unrealistic expectations…
Second Chorus (1940)
September 30, 2022
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When perennial college students Danny O’Neill and Hank Taylor are forced to make it on their own, the competitive pair get jobs with Artie Shaw’s band and reunite with ex-manager Ellen Miller. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below…
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