fox-business/jobs
Verizon plans to cut up to 15,000 jobs under new CEO Dan Schulman
‘The Big Money Show’ panel analyzes troubling trends in the jobs market data. Verizon Communications is planning to cut up to 15,000 jobs this month as new Chief Executive Dan Schulman launches an aggressive cost-cutting drive to make the company leaner. The cuts, expected to begin as soon as next week, will primarily impact non-unionized […]
Mike Rowe, Ford CEO warn of manufacturing crisis amid China threat
The ‘One Nation’ panel discuss the A.I. boom and its impact on the American blue collar labor force. As U.S. manufacturers scramble to fill hundreds of thousands of open jobs, China is doubling down on its bid to become the world’s workshop, and industry experts say the stakes couldn’t be higher. “If I had one […]
Consumer sentiment hits 3-year low amid government shutdown fears
The Big Money Show panel discusses how rising grocery, housing and utility costs are impacting lower-income households. U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households’ concerns about the economic impact of the government shutdown mounted, according to new data. The University of Michigan’s Index […]
AI automation hits data-rich industries first while sparing others
Horizon Investments CIO Scott Ladner breaks down biotech stocks and drug development on ‘The Claman Countdown.’ There is growing concern among today’s workforce that they will be swiftly replaced by artificial intelligence as the technology, which has touched nearly every corner of the economy, continues to advance. But experts argue that the adoption of the […]
Fed cuts interest rates for second time amid signs of labor market weakness
Jerome Powell delivers remarks after announcing the Feds decision on interest rates. The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank’s target. Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points […]
Paramount starts cutting 2,000 positions to address post-merger ‘redundancies’
Fox News contributor Joe Concha and radio host Mark Simone discuss a Paramount takeover bid of Warner Bros. Discovery and what it could mean for the future of CNN on ‘Kudlow.’ Paramount cut approximately 1,000 jobs on Wednesday, with another 1,000 expected “swiftly” in a massive headcount reduction designed to address “redundancies that have emerged” […]
Government shutdown costs hotel industry hundreds of millions of dollars, puts jobs at risk
Rep. Mike Lawler, R-N.Y., joins ‘Mornings with Maria’ to discuss the ongoing government shutdown after a failed vote to fund federal workers and the projected election of Zohran Mamdani as New York City mayor. Millions of hotel workers are facing an uncertain future ahead of the holiday season as the prolonged government shutdown weighs on […]
Amazon cuts 14,000 corporate jobs in major workforce reduction move
Federal Trade Commission Chairman Andrew Ferguson explains Amazon’s billion-dollar settlement with the Federal Trade Commission on ‘Making Money.’ Amazon is planning to cut 14,000 roles from its corporate workforce as part of an internal restructuring, according to a message shared with employees on Tuesday. “We’re working hard to support everyone whose role is impacted, including […]
Meta slashes 600 artificial intelligence positions as it aims to boost efficiency
Meta Chief Global Affairs Officer Joel Kaplan discusses President Donald Trump’s new initiative with AI and more on ‘Fox & Friends.’ Meta is cutting around 600 jobs within its artificial intelligence unit, a move it says aims to boost efficiency. The layoffs to Meta’s Superintelligence Labs division, which has nearly 3,000 employees, come as the […]
Beer company Molson Coors announces 400 job cuts amid restructuring
Tilray CEO Irwin Simon explains his company’s cannabis-infused beer and discusses President Donald Trump’s decision on reclassifying marijuana on ‘The Claman Countdown.’ Molson Coors Beverage Company announced Monday that it plans to eliminate about 400 jobs by the end of the year, as part of a sweeping corporate restructuring plan. The cuts – which represent […]