If rail strike begins, every union will honor picket line, says BLET

If rail strike begins, every union will honor picket line, says BLET

Shipping containers sit at a railway facility waiting to be transferred. Scott Olson | Getty Images One of the largest rail labor unions, the Brotherhood of Locomotive Engineers and Trainmen (BLET), will honor the Brotherhood of Railroad Signalmen (BRS) strike date of December 5, the first date upon which a rail union to reject the … Read more

How chains like McDonald’s and mom and pops cope with inflation

How chains like McDonald's and mom and pops cope with inflation

Customers at a McDonald’s restaurant Scott Mlyn | CNBC As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant … Read more

Grindr shares soar as LGBTQ dating app debuts after SPAC merger

Grindr shares soar as LGBTQ dating app debuts after SPAC merger

The LGBTQ social networking platform Grindr puts on a public show outside of the New York Stock Exchange (NYSE) as the company goes public following its merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. on November 18, 2022 in New York City. Spencer Platt | Getty Images Traders, bank workers and tourists weren’t … Read more

Starbucks union to strike at more than 100 locations on Red Cup Day

Starbucks union to strike at more than 100 locations on Red Cup Day

Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike on Thursday, one of the chain’s biggest sales days of the year. To celebrate the holiday season, Starbucks every year gives away reusable red cups bearing … Read more

Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the … Read more

Elon Musk’s latest email to Twitter employees addresses working late

Elon Musk's latest email to Twitter employees addresses working late

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters On Friday, Twitter‘s new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. 28. Musk said he had … Read more

Read Elon Musk’s first email to all Twitter employees

Read Elon Musk's first email to all Twitter employees

In his first companywide email to Twitter employees, new owner and CEO Elon Musk said he was ending the social network’s “work from home forever” policy. Now, according to the email obtained by CNBC, Musk wants employees to be in a Twitter office at least 40 hours a week, and plans to personally approve any … Read more

Read Zuckerberg’s letter announcing the cuts

Read Zuckerberg's letter announcing the cuts

Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees Wednesday. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” Zuckerberg said in the letter. “I’ve decided to reduce the size of our team by about 13% and … Read more

US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

US weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the US labor market. The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week’s downwardly revised level, the Labor Department reported … Read more

Walmart lays off corporate employees after slashing forecast

Walmart lays off corporate employees after slashing forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned consumers had pulled back on discretionary spending … Read more