Layoffs

Potentially affected workers haven't yet been told if they will lose their jobs.

With a chronic shortage of tech workers, hundreds of open roles and extra money from Congress in last year's budget, the U.S. Department of Veterans Affairs agency is keen to seize the opportunity from recent Silicon Valley layoffs.

The company said that while reductions will happen across the company, its recruiting team will be disproportionately affected and its business teams would be restructured.

Musk plans to eliminate half of Twitter's workforce to slash costs at the social media platform he acquired for $44 billion last month.

The stock hit an all-time high in January 2021 — sending its market value near $50 billion — after stuck-at-home consumers flooded the company with orders.

Supplemental unemployment benefits plans allow employers to save money while keeping released employees on their benefit plans for a temporary period.

The historically high level of churn, or rate of change, underscores the colossal challenge of bringing back millions of people to the labor market as the economy reopens.

There’s no single trajectory that captures the experience of the millions of Americans who lost jobs and then returned to work during the pandemic.

Instacart plans to terminate about 1,900 employees’ jobs, including the only unionized positions in the U.S., representing a fulsome embrace of the gig economy.

One in four small companies said they’ll go belly up if economic conditions don’t improve over the next six months.