Microsoft laying off 10,000 as job cuts in tech sector spread
The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities.”
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FTC proposes rule that would ban noncompete clauses
The FTC proposal is based on a preliminary finding that noncompete clauses quash competition in violation of Section 5 of the Federal Trade Commission Act. Section 5 bans unfair methods of competition.
U.S. labor data surprise as job market runs hotter than forecast
Private payrolls increased 235,000 last month, led by small- and medium-sized businesses, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure exceeded all but one forecast in a Bloomberg survey of economists.
Nestle seeks tax break for $400M expansion in Anderson
The firm says the expansion likely will result in 68 new jobs at the beverage production facility along Interstate 69.
Applications for jobless benefits show weekly decline
Applications for unemployment benefits are a proxy for layoffs, and viewed with other employment data, shows that American workers are enjoying extraordinary job security at the moment, despite an economy with some glaring weaknesses.
IBJ Podcast: Indy-based airline charting path to more diverse workforce
Host Mason King is joined by Rob Lowe, Republic’s vice president of people and culture, and Alisha Spires, senior manager of talent acquisition for pilot recruiting, to discuss the barriers that women and people of color face when they consider aviation careers, and what Republic is doing to widen those horizons.
Meta laying off 11,000 as tech industry slashes jobs
The layoffs mark a tumultuous new period in Silicon Valley, as tech giants long known as bastions of economic power and recession-proof have shed huge numbers of workers in recent weeks.
Meta expected to lay off thousands amid broader tech slowdown, report says
The industry’s job cuts come as tech firms warn of recession risk and race to cut costs after pandemic-era hiring binges.
U.S. jobs top forecasts, unemployment up in mixed picture for Fed
The report suggests demand for workers remains robust despite rapid interest-rate hikes and a darkening economic outlook. Layoffs, while rising, are still historically low, and competition to fill millions of vacant positions has driven rapid wage gains.
Honda chooses Ohio for $3.5B battery plant, will hire 2,200 people
The company had been expected to choose either Ohio, where it has a plant in Marysville, or Indiana, where it has a plant in Greensburg, for the battery factory. It announced Ohio as the location on Tuesday.
Another month of solid hiring suggests more big Fed hikes
America’s employers slowed their hiring in September but still added a solid number of jobs, likely keeping the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
U.S. job openings drop to 10.1M, lowest since June 2021
U.S. job openings plummeted in August, likely a welcome sign for Federal Reserve officials as they seek to cool demand for workers without triggering a spike in unemployment.
Coping with climate change making electrician a very hot career
The mantra of energy experts has been that we need to electrify everything. But installing all of that stuff—the solar panels, the heat pumps, the transmission lines—will require something that the United States doesn’t have: lots and lots of electricians.
Manufacturing tech grants helped Hoosier companies grow their workforce, report says
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
Fewer Americans claim weekly jobless benefits
The number of Americans collecting traditional unemployment benefits fell by 19,000 the week that ended Aug. 13, to 1.42 million.
U.S. employers add 528,000 jobs; unemployment falls to 3.5%
The surprisingly strong jobs numbers will undoubtedly intensify the debate over whether the U.S. is in a recession or not.
Weekly applications for U.S. jobless claims up again
Applications for jobless aid for the week ending July 30 rose by 6,000, to 260,000, from the previous week’s 254,000, the Labor Department reported Thursday.
Semiconductor maker planning $1.8B plant, 750 jobs in Indiana
The project stands to receive more than $70 million in state economic development incentives and will hinge on whether it lands federal funding though the Creating Helpful Incentives to Produce Semiconductors, or CHIPS, program.
More workers picking up extra jobs to pay for gas, food
While people taking on multiple jobs is typically a sign of a healthy job market where workers have more job opportunities available, it is also a sign of increasing financial strain on Americans’ pocketbooks.
Panasonic picks Kansas for $4B, 4,000-employee battery mega-factory
The company and Gov. Laura Kelly announced the new project Wednesday, just hours after Kelly and eight top leaders of the Kansas Legislature signed off on a package of incentives worth $829 million over 10 years.