Amazon's Job Cuts Have Risen to 27,000
1,000
The U.S. Labor Department reported that the initial jobless claims filed for the week ending March 18 decreased by 1,000 compared to the previous week, reaching a total of 191,000 claims. The largest increases in initial claims were in Ohio (2,401), Indiana (700), Illinois (613), Florida (596), and Oklahoma (472), while decreases occurred in New York (15,436), California (2,812), Oregon (1,133), Minnesota (1,042), and Georgia (962).
27,000
Amazon's job cuts have risen to 27,000 due to the company's shift towards automation and restructuring of its workforce. The layoffs are part of the company's efforts to restructure and automate its operations, with a focus on improving efficiency and reducing costs. The job cuts are expected to affect both the retail and corporate divisions of the company, although Amazon has also stated that it plans to hire for new positions in certain areas.
19,000
Tech services company Accenture announced plans to cut around 19,000 jobs worldwide as part of a restructuring effort to shift its focus towards digital, cloud, and security services. The job cuts represent around 2.5% of Accenture's workforce, and the company expects to take a pre-tax charge of $1.2 billion to $1.4 billion for the company's fiscal third quarter, and the restructuring is expected to be completed by the end of the year.
42%
According to a new survey by SHRM, 42% of HR professionals said that pay ranges are required to be included in job postings in their organization's location, while 67% voluntarily list start pay in their job postings. Moreover, including pay range information in job postings has led to more people applying (70%), increased quality of applicants (66%), and increased competitiveness in attracting top talent (65%). SHRM advocates for employers to be transparent with wage decisions and conducts voluntary equity checks.
$18
The Walt Disney Company has reached an agreement with the Service Trades Council Union, which represents more than 44,000 employees at Disney World in Florida, to increase the minimum hourly wage to $18. This increase is expected to boost morale and help retain workers in the highly competitive tourism industry.