Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
The German media giant Axel Springer is cutting jobs at its brands Bild and Welt, while warning that journalists are at risk of being made obsolete by artificial intelligence.
About seven million workers have been fired as Pakistan's textile exports dwindle, putting the sector on the edge of collapse, industry representatives warn.
After Meta and Twitter, Amazon is the latest e-commerce giant looking to reduce its payroll. Reports in The New York Times and other outlets say this is part of the company's drive to cut any lossmaking or underperforming units. The job cuts, which could represent as much as 3 percent of the group's corporate workforce, would be the largest in Amazon's history.
17 Aug 2022
Shopify is to cut almost 1,000 jobs after overestimating the need for workers during the COVID-19 pandemic.
23 Jul 2022
Nigerian artist Blessing Ibie transforms abandoned tyres into impressive sculptures, creating job opportunities for young people in his community. He pays the kids to collect tyres off the streets and at the same time they clean up the environment.
22 Jul 2022
Nigerian artist Blessing Ibie transforms abandoned tires into impressive sculptures, creating job opportunities for young people in his community. He pays the kids to collect tires off the streets and at the same time they clean up the environment.
12 May 2022
Nearly 5 million jobs lost since start of invasion, labour markets disrupted in neighbouring countries. An estimated 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion, according to a report from the International Labour Organisation.
12 Mar 2022
The Taliban held their first economic conference, claiming wins in some sectors of the economy. But women remain concerned about their jobs and their safety.
12 Jan 2022
The rate of price rises across the 38 members of the OECD hit 5.8 percent in November, the highest since 1996. In the United States, the head of the Federal Reserve, Jerome Powell, has warned that high inflation poses a "severe threat" to the jobs market, ahead of the release of the latest figures there on Wednesday. FRANCE 24's Business Editor Stephen Carroll examine the factors driving the spike in inflation, and how long it might last.
5 Jan 2022
A record-breaking 4.5 million American workers quit their jobs in November 2021 as the trend coined "The Great Resignation" drags on. Economists say it signals a sign of confidence in the labour market, but could also reflect ongoing fears about the pandemic. Also in the show: Toyota dethrones General Motors as America's best-selling carmaker for the first time in 90 years, and Blackberry users bid farewell to the iconic phones.
21 Dec 2021
Around the world, people have had to change how they work because of the Covid-19 pandemic. Some of those changes look set to become permanent. What could all this mean for European employers, employees and work-life balance? We take a closer look with two MEPs.