Facebook parent Meta is slashing another 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The company announced 11,000 job cuts in November, about 13 per cent of its workforce at the…
Category: Business News
Breaking: New Self-Disclosure Policy – Rickard & Associates
The Department of Justice (“DOJ”) announced a new Voluntary Self-Disclosure Policy to be used by US Attorney Offices throughout the country. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). The new policy helps to…
New York Community Bank to buy failed Signature Bank – Business News
Failed bank purchases The Canadian Press – March 19, 2023 / 6:45 pm | Stories: 416923 Photo: The Canadian Press FILE – A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a…
First Republic shares surge as Yellen pledges support for US banks [Video]
Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San Francisco lender First Republic (FRC) took shape. First Republic was up 43% this morning as of 10:50 am ET, just one day after plummeting 47% to its lowest-ever closing price….
Amazon to lay off 9,000 more workers after earlier cuts
Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of the previous layoffs that commenced last November and extended into January. That round affected more than 18,000 employees. Amazon made the decision to lay off more employees as it looks to…
First Citizens Bank Charitable Foundation anounces donations
First Citizens Charitable Foundation, Inc. announced in a press release that 45 area organizations were the recipients of $149,950 in donations in December 2022 and January 2023. Recipients include the following: Project Flo Association $2,000; Charles City Community Schools $1,000; Immaculate Conception School $2,000; Floyd County Historical Society $2,000; National 19th Amendment Society $5,000; Friends…
California court rules for Uber, Lyft in ride-hailing case – Business News
Photo: The Canadian Press App-based ride hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled Monday, allowing the tech giants to bypass other state laws requiring worker protections and benefits. The ruling mostly upholds a voter-approved law, called Proposition 22, that…
Facebook parent Meta slashes another 10,000 jobs – Business News
Meta slashes 10,000 jobs The Associated Press – March 14, 2023 / 7:11 am | Stories: 415964 Photo: The Canadian Press Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs. The company said Tuesday it will reduce the size of its recruiting…