Why companies are no longer hanging on to employees

The practice of ‘labor hoarding’—holding on to employees for fear of not being able to get them back later—has reached its ...
Market Index

Morning Wrap: ASX 200 futures flat, S&P 500 and Nasdaq higher thanks to Amazon + Westpac FY25 results

ASX 200 futures are down 5pts (-0.04%) as of 8:30 am AEDT. Here's what you need to know before the market opens.

Corporate America's hefty profit streak continues amid worries over job market

With third-quarter earnings season more than halfway done, per-share profit growth is trending at 10.7% for the companies in the S&P 500 Index SPX, according to a FactSet report on Friday. If that ...

The end of labour hoarding: How corporate America’s new ruthlessness signals a turning point

Corporate America’s long freeze on layoffs has ended. After years of “labour hoarding” post-pandemic, major firms like Amazon, UPS, Target, and Meta a ...

Layoffs hit Amazon, UPS, Target, and more — but it has little to do with AI

Thousands of workers are falling victim to job cuts at Amazon, UPS, Nestlé, and other large companies, in an economy defined ...