Morning coffee: Bank boss says employees are physically and mentally exhausted. JPMorgan’s quiet hiring frenzy

If you didn’t feel a bit overwhelmed before reading the recent letter to employees from Jefferies CEO Richard Handler and President Brian Friedman, you might be wondering why not. “Every single person in our company is in some kind of “Yuck induced funk right now,” they write. “EEach of us struggles every day against the … Read more

Understaffed hotels are hiring robots – and unions are pushing back

A fledgling array of robots have begun filling jobs in understaffed hotels — and work groups are sounding the alarm. A handful of hotels across the US — from the Mandarin Oriental in Boston to the Holiday Inn Express in Redwood City, California — have begun to turn to robots to provide guest services normally … Read more

Understaffed hotels are hiring robots – and unions are pushing back

A fledgling array of robots have begun filling jobs in understaffed hotels — and work groups are sounding the alarm. A handful of hotels across the US — from the Mandarin Oriental in Boston to the Holiday Inn Express in Redwood City, California — have begun to turn to robots to provide guest services normally … Read more

FTX cancels potential down venture raise and begins hiring push

The move comes as founder Sam Bankman-Fried has ignited an unprecedented buying spree from struggling crypto companies According to sources, the hiring push is primarily intended to meet the needs of overseeing FTX’s new portfolio companies and managing future acquisitions Behind closed doors, senior executives at cryptocurrency exchange FTX have been raising the prospect of … Read more

Here’s which Silicon Valley tech companies have ordered layoffs and hiring freezes

SAN FRANCISCO, Calif. (KRON) – It’s been a tough year for tech companies in San Francisco and Silicon Valley, with layoffs and hiring freezes. High-profile tech CEOs have said they are cutting their workforces because they see a recession on the horizon. Telsa CEO Elon Musk hit the pause button on hiring because he has … Read more

iPhone 14 Production Coming Soon as Foxconn Begins Annual Hiring

Foxconn has begun its annual seasonal hire in preparation for production of the iPhone 14, according to the South China Morning Mail† The report claims Foxconn is offering a 9,000 yuan (about $1,300) bonus to new assembly line workers who stay on the job for more than four months after being hired at its factory … Read more

Who’s Firing – And Still Hiring – During The Bitcoin Bear Market – Decrypt

Cryptocurrencies and the stock market were hammered by deteriorating economic conditions so far this year, between a potentially looming recession, sky-high inflation and a Federal Reserve poised to further cool the economy by raising interest rates. The deteriorating economic outlook has prompted companies to reduce hiring or downsize operations to better manage costs and protect … Read more

From big layoffs to forced layoffs, tech companies switch to layoffs after a huge surge in hiring

The great resignation turns into a forced resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring numbers, underscore the abrupt change in wealth in recent months on the back of rampant inflation, fears of stagflation and recession, supply chain disruptions, war in Ukraine, an ailing stock market, … Read more

From big layoffs to forced layoffs, tech companies switch to layoffs after a huge surge in hiring

The great resignation turns into a forced resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring numbers, underscore the abrupt change in wealth in recent months on the back of rampant inflation, fears of stagflation and recession, supply chain disruptions, war in Ukraine, an ailing stock market, … Read more

Federal prosecutors are opening a criminal investigation into Wells Fargo’s hiring practices

Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo violated federal law by conducting mock interviews with non-white and female job applicants, according to two people with knowledge of the investigation. The investigation is being conducted by members of a newly created Civil Rights Division within the Manhattan Criminal Division … Read more