Labor economy

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'' in Los Angeles, California, U.S., August 20, 2020.Mike Blake | ReutersRide-sharing app Lyft will lay off a significant number of employees one week into new CEO David Risher's tenure, the company announced Friday.A spokesperson for Lyft declined to comment on the specific number of cuts,…

Ben & Jerry's brand ice cream sits in a supermarket freezer. Bloomberg | Bloomberg | Getty ImagesBen and Jerry's workers at the ice cream company's flagship store in Burlington, Vermont, are filing for a union election Monday. The move adds to a string of service industry union drives, including at Starbucks and Trader Joe's. Workers at the Burlington store have petitioned the National Labor Relations Board for an election. Their organization, dubbed "Scoopers United," has the backing of the same union that launched…

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas.Brandon Bell | Getty ImagesDETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that was announced last month to lower the automaker's global head count and fixed costs.GM CFO Paul Jacobson said Tuesday the company expects to take a roughly $1 billion charge during the quarter as a result of the program. The head count reduction was part of GM's plans to cut…

Signage is displayed outside the new McDonald's Corp. headquarters in Chicago, Illinois, U.S., on Monday, June 4, 2018.Bloomberg | Bloomberg | Getty ImagesMcDonald's is closing its U.S. corporate offices Monday through Wednesday as the company lays off hundreds of workers, a person familiar with the matter told CNBC.The Wall Street Journal first reported the company's office closures.CEO Chris Kempczinski announced in January that the company would be cutting jobs as part of a broader corporate restructuring. McDonald's…

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy."There has been a lot of talk recently that we're in a recession. We have two quarters of declining GDP that often happens with the recession. ... But we have job growth that is incredibly strong. We have an unemployment rate that is a 50-year low," Claudia Sahm, founder of Sahm Consulting and a former Federal Reserve Board economist, told CNBC.A top concern for…

A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022.Olivier Douliery | AFP | Getty ImagesJeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables are visibly open."Another restaurant we went to had open seats outside, but when we went to the host, they mentioned that the kitchen was short-staffed," Rothenberg, an operations director at a California-based fintech firm, told CNBC. "So although he had seating, he was going to put us on a 30-minute waitlist to be…