Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

[ad_1] DETROIT — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by … Read more

A healthy US economy’s secret ingredient: Immigrant workers, eager to fill jobs

[ad_1] MIAMI — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents. Reaching the United States was a harrowing ordeal. Silva, 25, her husband and … Read more

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

[ad_1] LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. … Read more

Content creation holds appeal for laid-off workers seeking flexibility

[ad_1] With a compact mirror in one hand and an eyelash curler in the other, Grace Xu told her roughly 300,000 TikTok followers she was likely about to be laid off. She was right, she tells them in a subsequent clip. But she was planning to pursue a different career anyway: as a content creator. … Read more

Content creation holds appeal for laid-off workers seeking flexibility

[ad_1] With a compact mirror in one hand and an eyelash curler in the other, Grace Xu told her roughly 300,000 TikTok followers she was likely about to be laid off. She was right, she tells them in a subsequent clip. But she was planning to pursue a different career anyway: as a content creator. … Read more

Two years after its historic win, a divided Amazon Labor Union lurches toward a leadership election

[ad_1] Two years after clenching a historic victory at a warehouse in New York City, the first labor union for Amazon workers in the United States is divided, running out of money and fighting over an election that could determine who will lead the group in the near future. Despite campaigns at several facilities in … Read more

Two years after its historic win, a divided Amazon Labor Union lurches toward a leadership election

[ad_1] Two years after clenching a historic victory at a warehouse in New York City, the first labor union for Amazon workers in the United States is divided, running out of money and fighting over an election that could determine who will lead the group in the near future. Despite campaigns at several facilities in … Read more

Here’s what we know about Uber and Lyft’s planned exit from Minneapolis in May

[ad_1] MINNEAPOLIS — The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits. Uber and Lyft responded by saying they would stop serving the Minneapolis area … Read more

Here’s what we know about Uber and Lyft’s planned exit from Minneapolis in May

[ad_1] MINNEAPOLIS — The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits. Uber and Lyft responded by saying they would stop serving the Minneapolis area … Read more

Apple lays off more than 600 workers in California

[ad_1] Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, … Read more