General Labor Issues

Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand across their product lineups, pointing to a chillier consumer climate. Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand across their product lineups, pointing to a chillier consumer climate. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

Atlantic City casino workers reached a tentative deal with the Hard Rock Hotel & Casino, averting a strike that could have started this Fourth of July weekend, according to the union.Unite Here Local 54 union organizers said their negotiating committee approved the deal on Saturday—details of which weren’t disclosed—and soon all unionized workers would be able to vote on it. The roughly 1,500 casino workers, who are seeking pay raises, were set to go on strike if an agreement hadn’t been reached by the July 3…

Unity Software has laid off about 4% of its workforce, becoming the latest company to announce job cuts amid growing concerns about the state of the economy.The maker of tools for creating videogames and other applications had 5,864 employees as of March 31, according to a regulatory filing, suggesting that more than 225 jobs may have been eliminated. Unity Softwarehas laid off about 4% of its workforce, becoming the latest company to announce job cuts amid growing concerns about the state of the economy.The maker of…

About 6,000 casino workers in Atlantic City, N.J., on Thursday were poised to strike over the Fourth of July holiday weekend, as a local union and casino operators continued negotiating for new contracts.Unite Here Local 54 organizers are seeking pay raises, saying that wages have fallen behind in recent years, and workers deserve raises now that casinos have bounced back from the pandemic. Workers at five of the city’s nine casinos voted to authorize the union’s negotiating committee to call strikes beginning Friday…

WINSTED, Conn.—Even in the face of inflation and the risk of recession, the broad economic prospects for rural America may be looking up for the first time in years.Small communities have long lagged far behind big cities in job creation and income growth. But since the pandemic, many are seeing an infusion of remote workers drawn by lower costs, laid-back lifestyles and natural beauty—and worn down by crime and other urban challenges. Their presence has helped spur hiring, income gains and home-price growth in rural…

Until the invasion, European inflation rates looked set to remain below their U.S. equivalent, reflecting a slower economic recovery from the Covid-19 pandemic. This changed after the war started, sending food and energy prices surging in Europe. The only difference with the U.S. now: Pay rises in Europe are lagging far behind inflation, leading to a sharp decline in real wages—wages adjusted to take consumer-price rises into account. “We budget 100 euros for each trip to the supermarket and we keep coming…

LONDON— Rolls-Royce Holdings RYCEY -5.53% PLC is offering U.K. staff a one-time payment of £2,000, equivalent to about $2,450, hoping the bonus will help ease pressure from union officials and employees over rising inflation while keeping a lid on the jet-engine maker’s costs ahead of an uncertain economic future. The move is one of many approaches companies are taking to address soaring inflation that has unions and workers in many…

Inflation in the U.K. rose to 9.1% in May, a fresh four-decade high, darkening the country’s economic prospects at a time of mounting worker unrest and growing disaffection with the government.The figure marks the fastest rise in prices for a Group of Seven rich economy since the global surge began at the start of last year. The U.K.’s rapid inflation and low-growth prospects have converged into what Britons have called the cost-of-living crisis, which has displaced the pandemic, the war in Ukraine and the U.K.’s divorce…

Nearly every labor indicator suggests the hottest job market in half a century is starting to cool as signs mount that U.S. economic growth is slowing. A labor-market slowdown means fewer opportunities for workers. At the same time, it is good news for Federal Reserve officials: The central bank is ratcheting up interest rates to bring down high inflation, and its officials say demand for workers also needs to come down to bring stability to prices. How fast and steep could hiring cool off? Are we heading for…

Elon Musk, speaking via a smartphone that he appeared to be holding in front of him, told Twitter Inc. TWTR -1.66% employees that he wants to dramatically increase the platform’s users and didn’t rule out layoffs as he works to complete his planned $44 billion takeover.The billionaire serial entrepreneur also outlined his thoughts on free speech and discussed the possibility of alien life, according to employees who participated in the…