Wages and salaries

Twitter pushes back at Elon Musk's attempt to exit deal over purported whistleblower payout | CNN Business

Twitter pushes back at Elon Musk’s attempt to exit deal over purported whistleblower payout | CNN Business

New York CNN Business  —  Twitter on Monday pushed back at a new attempt by Elon Musk to walk away from their $44 billion acquisition deal over a payment the company is said to have made to a former employee who later turned whistleblower, calling the billionaire’s move “invalid and wrongful.” Musk on Friday sent …

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Deadline to avoid a national rail strike which could cost economy $2 billion a day is near

Deadline to avoid a national rail strike which could cost economy $2 billion a day is near

A maintenance-of-way worker watches as an eastbound freight train passes by his track gang in Alva, Oklahoma. Bloomberg | Getty Images On the heels of the latest round of labor negotiations between the National Mediation Board, unions, and freight railroads, the Association of American Railroads has released a report projecting that the economic impact of …

Deadline to avoid a national rail strike which could cost economy $2 billion a day is near Read More »

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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Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this year are in line for bonuses that are up to 50% smaller than 2021 — and they are …

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Justice Department accuses poultry processors of underpaying workers for decades | CNN Business

Justice Department accuses poultry processors of underpaying workers for decades | CNN Business

New York CNN Business  —  Major US poultry processors engaged in a 20-year-long conspiracy to suppress worker pay, the Department of Justice alleged Monday. The processors — Cargill, Wayne Farms and Sanderson Farms — allegedly worked with a data consulting firm to exchange information about pay, ultimately robbing workers of the opportunity to earn competitive …

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Worried about layoffs and downturns? Recruiters aren't: 'We're still seeing job growth on the whole'

Worried about layoffs and downturns? Recruiters aren’t: ‘We’re still seeing job growth on the whole’

Recruiters are some of the first people to get a preview of how well a company is doing. In good times, they’re busy building out staff to take the business into exciting new territory. In leaner times, hiring takes a back seat. But for Deven Lall-Perry, 31, a New York-based recruiter, even she didn’t see …

Worried about layoffs and downturns? Recruiters aren’t: ‘We’re still seeing job growth on the whole’ Read More »

Investors want to 'minimize uncertainty,' says behavioral finance expert, but 3 strategies can help them adapt quickly

Investors want to ‘minimize uncertainty,’ says behavioral finance expert, but 3 strategies can help them adapt quickly

David Sachs | The Image Bank | Getty Images It’s no secret that the first half of 2022 has ushered in a lot of expensive changes for consumers: The S&P 500 Index fell 20.6% in the largest first half decline since 1970, pulling down investors’ portfolios with it. The Federal Reserve in June approved a …

Investors want to ‘minimize uncertainty,’ says behavioral finance expert, but 3 strategies can help them adapt quickly Read More »

Should you still change jobs if you're worried about a recession? What economists say

Should you still change jobs if you’re worried about a recession? What economists say

The job market is holding strong despite ongoing concerns of a recession. There were 11.3 million job openings in May, or roughly two jobs for every unemployed worker, according to the latest Job Openings and Labor Turnover Survey. Some 6.5 million people were hired into new jobs, and 4.3 million people quit for a new …

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Tech talent is still in demand but outsized salaries may be disappearing

Tech talent is still in demand but outsized salaries may be disappearing

Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that …

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