Cornet and four other Twitter employees had filed a lawsuit in California federal court on Friday accusing the social media company of violating federal and California laws requiring employers to give 60 days' notice before engaging in mass layoffs.
Meta Platforms Inc META.O said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.
Like the US and other European countries, France is experiencing its own "Great Resignation". Between the end of 2021 and the beginning of 2022, resignations hit an all-time high, at almost 520,000 per quarter. The previous record dated from 2008, just before the financial crisis.
More and more people in the US are quitting their jobs. Skilled workers are badly needed and many employers offer benefits like joining bonuses or enable their employees to work from home.
13 Sep 2021
US President Joe Biden says a "distinct minority of Americans" are to blame for preventing the United States from overcoming the pandemic during a speech from the White House on the nation's fight against the Covid-19 Delta variant. He says he will mandate companies with 100 or more employees to vaccinate all workers or administer weekly Covid-19 tests in a new effort to defeat the surging Delta virus.
13 May 2020
Moscow's streets remain depopulated despite thousands of employees heading back to work. More than 500,000 Moscow employees in industry and construction have been authorized to return to work.
13 Apr 2020
Only employees of Buchenwald's memorial site attended the anniversary event due to Germany's coronavirus lockdown measures. Authorities called out increasing right-wing extremism in a "Thuringian declaration."
12 Oct 2019
General Electric Co. is freezing pension benefits for about 20,000 U.S. employees in a move that could help trim $5 billion to $8 billion from the company’s pension shortfall. Bloomberg Opinion columnist Brooke Sutherland has the details on "Bloomberg Daybreak: Americas." Her opinions are her own.
21 Sep 2019
Some 49,000 employees in the US walked out after contract talks on pay and benefits with General Motors came to a grinding halt. It marks the first national strike since 2007 for the union autoworkers at GM.
25 Mar 2019
Facebook Inc. disclosed a flaw that made passwords of hundreds of millions of users visible to employees, but that they were never visible to anyone outside of the company.