An artificial intelligence transformation as profound as the Industrial Revolution is occurring. While I remain a firm believer in the enormou…
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San Mateo County is at a pivotal crossroads. As local leaders explore ways to address our region’s staggering child care crisis, several fundi…
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An initiative aimed at helping entry level workers secure jobs by subsidizing their wages, was unanimously approved by the San Mateo County Bo…
Recent employment figures show that the area’s labor force in some of its most dominant sectors is still far from the high-growth climate of r…
The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs. The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S. economy contends with fallout from President Donald Trump's economic policies, especially his sweeping import taxes and the erratic way he rolls them out. Here are five key takeaways from the jobs report the Labor Department released on Thursday.
The impact of artificial intelligence software implementation will likely have substantial effects on San Mateo County’s workforce, but superv…
U.S. employers added just 143,000 jobs last month, but the jobless rate fell to 4% to start 2025. The first monthly jobs report of Donald Trump's second presidency suggested he's inherited a solid but unspectacular U.S. labor market. January job creation was down from the 261,000 added in November, and the 307,000 created in December. Economists had expected about 170,000 new jobs in January. Most Americans still enjoy unusual job security. But for those looking for work, the job hunt has been getting harder as the labor market cools from the red-hot hiring days of 2021-2023.
Microsoft is cutting 10,000 workers, almost 5% of its workforce, as it joins other tech companies in a scaling back of their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to "macroeconomic conditions and changing customer priorities." The company said it will also be making changes to its hardware portfolio and consolidating its leased office locations. The loss of employees is far less than how many Microsoft hired during the COVID-19 pandemic as it responded to a boom in demand for its workplace software and cloud computing services as people worked and studied from home.
E-commerce giant Amazon and business software maker Salesforce are the latest U.S. tech companies to announce major job cuts. Amazon said Wednesday that it will be cutting about 18,000 positions. It's the largest set of layoffs in the Seattle-based company's history, although just a fraction of its 1.5 million global workforce. Salesforce is laying off about 8,000 employees, or 10% of its workforce. Major technology companies are pruning their payrolls that they rapidly expanded during a two-year boom spurred by pandemic lockdown. Meta Platforms announced in November that the Facebook and Instagram owner would by laying off 11,000 employees, or 13% of its workforce.
Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that they rapidly expanded during a two-year boom spurred by pandemic lockdown. The cuts announced Wednesday are by far the largest in the 23-year history of a San Francisco company founded by former Oracle executive Marc Benioff, who pioneered the method of leasing software services to internet-connected devices — a concept now known as "cloud computing." Benioff blamed himself for the layoffs while lamenting a hiring spree he undertook as Salesforce's revenue accelerated while the pandemic forced employers to allow millions of people to work remotely.
