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Facebook – Increased headcount by 48%
Mark Zuckerberg is going to need to find some more pinball machines and rock-climbing walls. The social networking company, known for its many perks that make it a regular on the hottest-places-to-work lists, is increasing headcount at an incredible pace. Facebook, which reported that sales fell short of estimates, passed the 10,000-employee mark last quarter. … Continue reading
Canada – The services industry fast-growing exports is good for the job market
Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading
US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds
Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading
Sharp – To cut 6,000 jobs
Japan’s loss-making Sharp Corp (6753.T) intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while the rest would be … Continue reading
Yahoo in China – To cut “around 350” jobs while closing
Internet giant Yahoo is closing its China office as part of a worldwide consolidation aimed at cutting costs. The Beijing research centre is Yahoo’s only remaining physical presence in the country after it sold its Chinese operations to Alibaba in 2005. A spokesperson said “around 350 jobs” would be eliminated. “We are constantly making changes … Continue reading
US Job Report for February 2015 – Total nonfarm payroll employment increased by 295,000
Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month. … Continue reading
Mid-Market Enterprises (MMEs) – Directly employ 169 million people across 15 countries and territories spanning Asia, Europe, the Middle East and the Americas
HSBC today released a global report highlighting the unsung role that mid-market enterprises (MMEs) play in the life of nations. The report, titled Hidden Impact: The vital role of mid-market enterprises and commissioned by HSBC from Oxford Economics, showcases the enormous contribution to Gross Domestic Product (GDP), employment, and the supply chain that MMEs contribute … Continue reading
Royal Bank of Scotland (RBS) – To cut 14,000 jobs by 2019
The UK’s state-rescued Royal Bank of Scotland (RBS) is set to cut up to 14,000 jobs in its investment banking units across the United States and Asia by 2019, the Financial Times reported on Wednesday. The number amounts to 80 percent of the jobs in the RBS’s investment banking sector, which is scheduled to experience … Continue reading
Microsoft in China – To cut 9,000 Nokia jobs
Microsoft Corp. plans to shut two mobile-handset manufacturing plants in China formerly run by Nokia Corp., cutting about 9,000 jobs in total, various reports said Thursday. Microsoft, which bought Nokia’s handset business last April, scheduled the closure of the plants — located in Beijing and the southeastern city of Dongguan — earlier this month and … Continue reading
Total – To cut 2,000 jobs
Total SA on Thursday became the latest casualty of the oil-price swoon, reporting a $5.66 billion net loss for the latest financial quarter and promising to shed billions more in cost savings, including 2,000 layoffs by 2017. Chosen excerpts by Job Market Monitor. Read the whole story at France’s Total Plans to Cut Jobs, Sell Assets After … Continue reading
SocGen in Russia – To cut 1,500 jobs
Societe Generale SA plans to eliminate about 1,500 jobs in Russia this year as the country’s economic contraction squeezes profitability, according to a person with direct knowledge of the discussions. Societe Generale cut about the same numbers of positions in Russia in 2014, said the person, who asked not to be identified because the matter … Continue reading
Yahoo – To cut 100 to 200 jobs, mostly in Canada
Yahoo Inc. is cutting between 100 and 200 employees, mostly in Canada, according to a person familiar with the matter, as Chief Executive Marissa Mayer works to reduce costs at the Internet company. The layoffs, focused on employees in the company’s Canadian offices, would affect roughly 1% of Yahoo’s world-wide staff of 12,500, this person … Continue reading
People with Disabilities in US – Recruiting, Hiring, Retaining, and Promoting: A guide for employers
This resource guide identifies relevant federal and federally funded resources for employers looking to recruit, hire, retain, and promote people with disabilities. It is designed to answer common questions raised by employers and to identify relevant resources for employers who want additional information on specific topics. The goal of this guide is to help employers … Continue reading
Advanced industries in US – 12.3 million workers, 9 percent of total U.S. employment
Advanced industries represent a sizable economic anchor for the U.S. economy and have led the post-recession employment recovery Modest in size, the sector packs a massive economic punch: As an employer and source of economic activity the advanced industry sector plays a major role in the U.S. economy. as of 2013, the nation’s 50 advanced industries … Continue reading
Tesco – UK’s biggest retailer to cut thousands jobs
Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer. Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading
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