After weeks of rumors of the potential bankruptcy filing or a sale of the company, Bed Bath & Beyond has finally followed suit in the steps of other major companies in the United States. This has led to massive job cuts of 572 employees at its e-commerce facility, as the company plans to lay off […]
Category: Labour Market News
The latest breaking labour market news in 2024, comment by economists and internal or external features and factors affecting the global labour markets.
Yahoo still gradually Eliminating 20% of staff, or 1600 jobs
The gradual 20% Yahoo layoff of its workforce proposed to continue till the end of 2023 is still on, this was said to happen with the elimination of more than 1,600 employees in the business. This comes as a surprise to many as Yahoo is still profitable, earning around $8 billion in yearly revenue. Yahoo’s […]
Report: Silicon Valley Bank laid off Employees Quietly Before Collapse
Silicon Valley Bank: As the news of the collapse of Silicon Valley Bank, a choice institution for tech startups and venture capitalists, many employers in the tech space, including Silicon Valley Bank itself, went from a position of new staff intake to one where there were gradual mass layoffs. Reports now reveal that in January […]
Meta: New Round of 2023 staff layoffs at Facebook Parent Company
Facebook Parent Meta: Mark Zuckerberg’s vision for his social media platform “Facebook-parent Meta” in reducing wasteful spending and the proposed “year of efficiency”, has led to another massive job cuts, as the company plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four […]
Silicon Valley Bank (SVB) Collapse May Affect Jobs In Nigeria
Silicon Valley Bank: The financial sectors of the United States of America (USA) as well as Europe were thrown into a frenzy after the collapse of the 16th largest bank in the United States of America. This is the first bank to collapse since the 2008 global economic crisis, making it the second biggest bank […]
President Biden Nominates Julie Su as New United States Labor Secretary
Julie Su: As labor Secretary Martin J. Walsh wishes to vacate office since he plans to leave his position in March 2023. President Biden showed his will to nominate Julie Su, the deputy labor secretary, ‘whose contributions to this Biden administration achievements won her widespread backing from labor unions’, to succeed Martin. Julie Su’s Ethnic […]
New Round of 2023 staff lay off at Twitter X
Elon Musk’s vision for his newly $44 billion purchased social media platform “X” in reducing wasteful spending has led to another massive job cuts, as the company cut about ten percent of its remaining staff, according to a report in the New York Times. That’s down from the 7,500 who worked for the company before […]
Business Current Account: Why a Business Should Have a Current Bank Account
Business Current Account: When Starting a business or a startup company, having a current bank account is very important for conducting your transactions. A current bank account is a business account where the owner, has no limit on the number of transactions that can be made daily, including withdraws as many times as possible to run […]
Meta: Guides to Creating a Facebook Business Page in 2025
Facebook Business Page: Facebook now Meta was founded in 2004 by Mark Zuckerberg, Andrew McCollum, Chris Hughes, Eduardo Saverin, and Dustin MoskovitzMeta. It is an American multinational technology conglomerate based in Menlo Park, California. The Meta Platforms, Inc. now owns subsidiaries like Instagram, Facebook, and WhatsApp, Messenger, Meta Quest, Horizon Worlds, Mapillary, Workplace, Diem among […]