jobs

Peloton to slash 780 jobs and hike prices in push to turn profit

Peloton to slash 780 jobs and hike prices in push to turn profit

Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking prices on some equipment in a bid to cut costs and become profitable.  The company did not specify how many of its 86 retail locations it plans to shutter, but said an “aggressive” reduction …

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Peloton to Cut 800 Jobs, Hike Prices and Shut Stores in Sweeping Overhaul

Peloton to Cut 800 Jobs, Hike Prices and Shut Stores in Sweeping Overhaul

(Bloomberg) — Peloton Interactive Inc. will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike+ and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. Most Read from Bloomberg The changes, which the company disclosed Friday in a memo to employees, also …

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If you’re heading to a new job, don’t forget about your 401(k): Here's how to handle the money in an ex-employer's plan

Job unhappiness is at a staggering all-time high, according to Gallup

Skynesher | E+ | Getty Images Despite fears of a recession, the U.S. remains in the midst of the Great Resignation with job dissatisfaction at an all-time high. The U.S. Department of Labor issued data in July confirming that the job market continues to be characterized by ample job opportunities and high levels of voluntary …

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If you're 'unretiring' and collecting Social Security, here's what to know before heading back to work

If you’re ‘unretiring’ and collecting Social Security, here’s what to know before heading back to work

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America …

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Bond markets complicate Fed decision after blowout jobs report

Bond markets complicate Fed decision after blowout jobs report

Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it comes to recession. Michael Pearce, …

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Inflation takes over as the next big focus for markets after July's monster jobs report

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. …

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Dow Jones Up Despite Fed Fears After Jobs Report; Biden Bill Progress Lifts Solar Stocks; Tesla Stock Falls After This

Dow Jones Up Despite Fed Fears After Jobs Report; Biden Bill Progress Lifts Solar Stocks; Tesla Stock Falls After This

The Dow Jones Industrial Average reversed higher and indexes were off their lows after a shockingly hot July jobs report raised Fed rate hike fears. Solar plays that include SolarEdge (SEDG) were mostly positive, reacting to progress on the Biden spending bill. Tesla (TSLA) fell even though shareholders approved a 3-for-1 stock split. Meanwhile, a …

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(FILES) In this file photo taken on June 03, 2022, people walk past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia. - The US economy continued to add jobs in June at a rapid pace, while the unemployment rate held steady at 3.6 percent and wages rose, according to government data released on July 8, 2022. There were 372,000 new positions added in the month, far more than economists expected, the Labor Deparment reported. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

America’s jobs boom rolls on, fuelling fears of sustained inflation

It would normally be cause for unalloyed celebration. According to figures released on August 5th, America’s unemployment rate in July fell to 3.5%, matching a half-century low hit just before covid-19. Moreover, with nearly 530,000 jobs created last month—more than twice as many as expected—the economy has now recovered all of the jobs lost during …

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