HRD

700 Washington Post employees walk out over contract and layoff concerns

07 Dec 2023

In an unprecedented move, approximately 700 employees of The Washington Post walked off the job for 24 hours on Thursday, 7 December, 2023.

The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit

28 Nov 2023

The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,

Strike breaks out as Gucci workers in Rome protest against relocation of creative office

28 Nov 2023

Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.

Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

In another shocking twist, OpenAI announces the re-hiring of Sam Altman as CEO

22 Nov 2023

OpenAI, the company that created the revolutionary ChatGPT, took to social media platform X to announce that they have agreed in principle to rehire Sam Altman as the CEO of the company.

OpenAI investors consider legal action following CEO ousting and employee exodus

21 Nov 2023

In a startling turn of events, some investors in OpenAI, the renowned creator of ChatGPT, are contemplating legal action against the company's board.

Boeing announces departure of chief strategy officer in 2024 amid company restructuring

17 Nov 2023

Boeing’s chief strategy officer, Marc Allen, has decided to step down from his position by the end of this year.

Apple settles with U.S. government for $25 million in immigration hiring dispute

10 Nov 2023

In a groundbreaking settlement, technology giant Apple Inc. will pay $25 million to resolve allegations by the U.S. Department of Justice (DOJ) that the company engaged in discriminatory hiring practices favoring immigrant workers over U.S. citizens and green card holders for specific job positions.

Amazon announces the latest round of job cuts in recent layoffs

09 Nov 2023

E-commerce giant Amazon.com has confirmed that it has started to let go of some employees in its music division. This new round of job cuts is the latest among the many rounds prior to this that have affected over 27,000 people in the past year.

Citigroup considers significant job cuts in its ongoing CEO-backed restructuring

07 Nov 2023

Citigroup's top management, working under CEO Jane Fraser's reorganization initiative, has reportedly contemplated job cuts of at least 10% in key business segments.

Goldman Sachs announces promotion of 608 new managing directors, a decrease from 2021 numbers

03 Nov 2023

In a recent development, Goldman Sachs, the renowned Wall Street firm, announced its plan to promote 608 executives to the position of managing director in 2023.