Philips cuts 6K more jobs to improve profitability
Philips announced Monday that it is reducing its global workforce for the second time in recent months as it works to boost profitability following a recall of its sleep apnea machines.
Prosecutors look to block Sam Bankman-Fried from contacting FTX employees over witness tampering concerns
Federal prosecutors are trying to block FTX founder Sam Bankman-Fried from communicating with current or former employees of FTX over witness tampering concerns.
Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns
Former Walmart CEO and President Bill Simon discusses the mass amount of layoffs that are occurring across various corporate industries in the U.S.
When should you leave a tip? Americans sound off on 'cultural pressure'
A Wall Street trader and nurse’s assistant discuss the new social pressure around tipping for quick services, while one waitress gives her tipping do’s and don’ts.
Group of unions call on Disney workers they represent to vote against contract offer
A group of unions on Friday said that the Walt Disney World workers they represent should vote against the contract offer from the entertainment company.
Layoffs not in Boeing's plans; will hire thousands this year
Boeing plans this year to add 10,000 workers, with a "focus within our business units and in engineering and manufacturing," a spokesperson told FOX Business.
Treating a career like a ‘vocational consolation prize’ is complete ‘BS’: Mike Rowe
Host of FOX Business’ ‘How America Works’ Mike Rowe discusses the surge of men that are leaving the workforce on ‘The Big Money Show.’
McDonald's president blasts California fast-food legislation: ‘Bad politics over good policy’
McDonald's USA President Joe Erlinger called out California's proposed minimum wage hike.
Tech market is coming back, has 'a lot to grow': R 'Ray' Wang
Constellation Research CEO R 'Ray' Wang joins 'Cavuto: Coast to Coast' to discuss the bump in the markets as the Nasdaq is on pace for its highest close since September.
Steve Hilton slams California proposal to raise minimum wage: ‘Absolutely absurd’
‘The Next Revolution’ host Steve Hilton reacts to a California proposal which would raise the minimum wage for fast food workers to $22 per hour and discusses a lawsuit targeting social media for mental health problems.
US economy needs to cool the labor market by slowing down excess demand: Douglas Holtz-Eakin
Former CBO Director Douglas Holtz-Eakin joins a panel on ‘Mornings with Maria,’ discussing the fourth quarter GDP report released Thursday.
SAP reducing headcount by up to 3,000
SAP will be slashing its headcount by roughly 2.5%, the Germany-based software company announced as it posted its fourth-quarter earnings on Thursday.
Strong GDP data isn't as robust as Wall Street thinks: Economist John Lonski
Seaport Securities founder Teddy Weisberg and Thru the Cycle president John Lonski assess the state of the US economy after healthy GDP data eases recession fears on 'The Claman Countdown.'
Bed Bath & Beyond can't pay creditors, bankruptcy looms
Bed Bath & Beyond has filed with the SEC stating they do not have available resources to pay outstanding debt and will consider a variety of strategic alternatives including further cost reductions and bankruptcy.
Tech layoffs continue as IBM, SAP announce massive cuts
Tech sector layoffs continue, as SAP announced they plan to cut about 3,000 employees on Thursday, a day after IBM announced they will lay off nearly 3,900 workers.
Chipotle hiring 15K in preparation for 'burrito season'
Fast-casual restaurant chain Chipotle announced plans to hire 15,000 employees before its busiest season. The company is continuing its accelerated expansion plans.
Market expert predicts a 7% unemployment rate by the end of 2023: ‘That’s recession’
Market expert Mark Tepper breaks down the several economic issues plaguing the U.S.'s housing market and how that could lead to a spike in unemployment.
Dow to cut 2,000 jobs, plans to save $1B in costs
Dow Inc. is starting a corporate restructuring plan and will lay off 2,000 workers around the world in an effort to save $1 billion in costs this year.
FTC warns of job scams amid recent layoffs in tech and other industries
The U.S. Federal Trade Commission (FTC) on Wednesday issued an alert to consumers to be wary of job scams amid recent layoffs in tech and other sectors.
Luno crypto exchange announces job cuts affecting 35% of employees
Luno, a cryptocurrency exchange owned by Digital Currency Group, announced a large round of job cuts on Wednesday, which will affect 35% of the firm's headcount.