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US Job Market , Stays Strong Despite , Widespread Layoffs.<br/>'Newsweek' reports that government job cuts are at the highest <br/>they've been since September of 2011, with the most recent <br/>wave of layoffs hitting Army and Veterans Affairs offices.<br/>The latest data from job search and coaching firm <br/>Challenger, Gray & Christmas, Inc. comes amid <br/>job losses in different industries across the U.S. .<br/>Government agencies cut <br/>over 36,000 jobs in March, <br/>with 10,000 layoffs coming <br/>from Veterans Affairs.<br/>Overall, over 90,000 positions were <br/>eliminated by employers last month, <br/>a 7% increase from February's numbers.<br/>Layoffs certainly ticked up<br/>to round out the first quarter, <br/>though below last year's levels. <br/>Many companies appear <br/>to be reverting to a <br/>'do more with less' approach, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>Since the beginning of 2024, technology firms <br/>cut over 42,000 positions, with tech companies <br/>reducing over 14,000 positions in March alone.<br/>While Technology continues to <br/>lead all industries so far this year, <br/>several industries, including Energy <br/>and Industrial Manufacturing, are <br/>cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>While Technology continues to <br/>lead all industries so far this year, <br/>several industries, including Energy <br/>and Industrial Manufacturing, are <br/>cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>Q1 of 2024 also saw financial firms cut <br/>positions, slashing nearly 29,000 jobs.<br/>Despite the waves of layoffs, experts suggest <br/>that workers are still experiencing <br/>a strong labor market. .<br/>Strong growth of 184,000 jobs, <br/>strong pay growth per job changers, <br/>and these sentiment indicators both <br/>in the manufacturing survey and our <br/>own worker sentiment and that is still <br/>seeing a pretty solid, maybe even <br/>good to great, jobs market for 2024, Nela Richardson's, ADP Research Institute <br/>chief economist, via 'Newsweek'
⏲ 1:30 👁 280K
EEVblog
⏲ 9 minutes 52 seconds 👁 70.4K
N8FDY
⏲ 35 minutes 47 seconds 👁 512
Norfolk Southern Offers , Settlement to Resolve Lawsuits , Related to 2023 Derailment.<br/>Train operator Norfolk Southern has agreed to pay $600 <br/>million as part of a settlement to a class-action lawsuit as <br/>part of a February 2023 derailment in East Palestine, Ohio.<br/>Train operator Norfolk Southern has agreed to pay $600 <br/>million as part of a settlement to a class-action lawsuit as <br/>part of a February 2023 derailment in East Palestine, Ohio.<br/>Associated Press reports that the agreement, which would <br/>resolve all class action lawsuits within a 20-mile radius <br/>from the derailment, is still pending court approval.<br/>Associated Press reports that the agreement, which would <br/>resolve all class action lawsuits within a 20-mile radius <br/>from the derailment, is still pending court approval.<br/>According to the agreement, the settlement would also <br/>resolve personal injury claims within a 10-mile radius of <br/>the accident site for residents choosing to participate.<br/>According to the agreement, the settlement would also <br/>resolve personal injury claims within a 10-mile radius of <br/>the accident site for residents choosing to participate.<br/>On April 9, Norfolk Southern said that <br/>the settlement does not constitute an <br/>admission of liability or fault for the fiery crash.<br/>The East Palestine derailment has already cost <br/>Norfolk Southern over $1.1 billion, including <br/>$104 million in aid for residents and the town. .<br/>The East Palestine derailment has already cost <br/>Norfolk Southern over $1.1 billion, including <br/>$104 million in aid for residents and the town. .<br/>AP reports that while the company has promised <br/>to create a fund to help pay for the community's <br/>long-term health needs, that fund has yet to be created. .<br/>AP reports that while the company has promised <br/>to create a fund to help pay for the community's <br/>long-term health needs, that fund has yet to be created. .<br/>Norfolk Southern CEO Alan Shaw said that the railroad operator is, “becoming a more productive and efficient railroad. .<br/>There is still more work <br/>to be done to achieve <br/>industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.<br/>There is still more work <br/>to be done to achieve <br/>industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.<br/>The operator reported preliminary Q1 earnings of <br/>23 cents per share, reflecting the impact of the settlement and cleanup costs for the derailment.
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⏲ 11 minutes 38 seconds 👁 3.8K
GreatScott!
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Investors are bracing for a sharp fall in sales as luxury brands reveal their Q1 results. The anticipated decline is linked to weak demand from China, and Reuters reported that compared with last year, when COVID-19 restrictions were lifted in mainland China, a sales surge was resulting.
⏲ 1:11 👁 415K
Electrical Time
⏲ 6 minutes 43 seconds 👁 110
Fridays With Brandon
⏲ 6 minutes 13 seconds 👁 5.7K
Taiwanese chip giant TSMC has reported a 16.5% rise in first quarter revenue — beating market expectations.
⏲ 0:24 ✓ 11-Apr-2024
EEVblog
⏲ 33 minutes 28 seconds 👁 391.8K
Adafruit Industries
⏲ 11 minutes 47 seconds 👁 715
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