DocuSign will lay off 10% of its employees, the San Francisco-based tech company announced in a Securities and Exchange Commission filing Thursday.
The U.S. economy added 517,000 jobs in January, far exceeding economists' expectations of 187,000, while the unemployment rate fell to 3.4%.
The January Labor Market Report is expected to reflect the mass layoffs by tech firms.during a tight job market.
Walmart, America's largest employer, is raising its minimum wage to $14.
Vox Media, owner of several notable media publications, will slash 7% of its workforce in an effort to cut costs.
Most of the job gains were in the private sector, in industries benefiting from the re-opening of the economy, like leisure and hospitality, followed by healthcare and construction.
The December jobs report could play a major role in the Federal Reserve's decision to end interest rate hikes.
Wednesday's ADP report shows private hiring down in the U.S., a sign the tight labor market may be loosening.
The latest data on the U.S. employment situation shows a strong job market, but also indicates a cooling-off period ahead.
Despite the end of COVID-related lockdowns, Americans continue to quit their jobs in droves.
Despite the high job opening levels, the U.S. economy has not gained any new jobs since the pandemic, and many jobs are either part-time or temporary.
A new report by the Bureau of Labor Statistics revealed job openings in the U.S. dropped 10% in August.
U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand for goods is cooling as the Federal Reserve aggressively raises interest rates.
A look at the minimum wage as California Gov. Gavin Newsom signs groundbreaking law for low-wage workers.
The August job report released Friday by the Bureau of Labor Statistics was the week's big economic news. It provided a mixed picture of the labor market.
U.S. employers likely continued to hire workers at a strong clip in August while steadily raising wages, signs of persistent labor market strength that could encourage the Federal Reserve to deliver a third 75 basis point interest rate hike this month.
Wayfair announced Friday that the company would cut almost 900 jobs, which is a reduction of the company's workforce by 5%.
Wall Street's main indexes were set to open slightly higher on Thursday, with investors seeking fresh signals for future rate hikes after minutes from the Federal Reserve's July meeting suggested a less aggressive monetary policy tightening path.
Blockchain technology can play a crucial role in complementing existing freelance and gig marketplaces.
The economy has now recovered all of the 22 million jobs that were lost in the 2020 recession.
Self-employed women had "significantly better" outcomes for cardiovascular disease risk factors, researchers found in a recent study.
Employment made a surprise recovery to pre-pandemic levels in July, news that was welcomed by President Joe Biden ahead of key midterm elections.