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  • Younger workers favour expertise over leadership roles

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    “I think for this generation, there’s more prestige in being really good at what you do versus being in charge of people,” said Nora Jenkins Townson, the founder of HR consultancy Bright + Early. “I think we’ve grown up with a lot of the stories of the bad boss or really directional or authoritative leadership styles, and I think that younger generations are more critical of that.” 

    Gen Z favours non-management roles for balance

    Figures from a Robert Half survey conducted in March 2025 found that while some gen Z workers still want promotions into management roles, about half do not. The survey, which questioned 835 Canadian professionals, shows about 39% of gen Z workers were interested in management roles, with the next highest percentage coming from millennials at 34%. 

    According to the survey results, about 50% of gen Z workers would prefer a promotion into a role where they are not managing others. That preference declines among older generations, with the next highest coming in at 44% among gen X workers.

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    One of the main reasons many gen Z workers favour non-management roles is a focus on work-life balance, said Tara Parry, director of permanent placement services at Robert Half Canada. Of those who indicated a preference in the survey to remain in non-management roles, 51% said they can maintain their work-life balance in their current role.

    “When they look at people leadership roles, they realize that tenuous balance of work and life can really be quickly put out of whack when you’re responsible for other people,” she said.

    Companies face manager gap amid shifting career goals

    With more workers choosing different paths, Parry said there is a “huge shortage” in candidates for management, noting the trend was already starting to be noticeable 10 years ago at executive levels.

    For companies navigating the shorter supply of managers, she said it could help to recognize leadership qualities early in people’s careers and begin to support those individuals with training and development to foster their skills.

    “Sometimes people don’t want to put their hand up to go into leadership because they feel like we often don’t train people to be managers or people leaders until they’re already in the seat,” Parry said. “If we start training people before they’re even in that role … I think more people would be willing to put their hands up because they feel ready for it versus taking a risk for it.”

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    For those choosing not to take on manager responsibilities, it may mean specializing to a greater degree. “For gen Z specifically, or for anyone who doesn’t want to advance in leadership, it just means you’re likely going to be more skill-specific and focus on a very niche area that you want to specialize in, and those opportunities absolutely do exist,” said Char Stark, manager of people and growth at Beacon HR.

    Career advancement no longer tied only to leadership

    Jenkins Townson said there are also often opportunities for people in non-manager roles to help junior employees. “Organizations can design career paths for individual contributors where they’re able to coach and mentor people potentially in that specific skill or without being responsible for their career growth or management overall,” she said.

    The change in perspective has led to some organizations making structural changes. In 2023, Shopify Inc. revamped its staffing and compensation model to split staff into two career tracks: managers and crafters, with equivalent compensation for both tracks. The company said at the time the model would reward people for their impact regardless of whether they manage people or not, while bucking the trend of companies only incentivizing and rewarding managers.

    With more younger workers interested in differing forms of career advancement, Parry said many companies have “done well to create career paths for people that don’t include team leadership.” Those roles can sometimes take the shape of a change in the size or scope of an employee’s client list or becoming a subject matter expert within an organization, she said.

    She said Robert Half allows employees to earn more senior titles, but ones that are not always associated with leading others. Parry said a lot of larger companies have been doing this for “quite some time already.”

    “I think organizations have become quite savvy that in order to keep your workforce fulfilled and feeling like they’re growing, there has to be other options because you can’t just move everybody up into management,” she said.

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  • Pinterest fired 2 engineers who built an internal layoff tracker

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    Pinterest said it fired two engineers who built an internal tool to track which employees had been laid off following a recent round of job cuts at the social media company.

    The firings come about a week after the lifestyle app said it was cutting 15% of its staff as it invests in artificial intelligence. Pinterest, which had about 4,700 employees prior to the layoffs, said the restructuring should be complete by Sept. 30.

    Pinterest’s chief security officer had told engineering employees in a meeting that it wouldn’t disclose a list of laid-off employees due to those individuals’ privacy rights and the company’s privacy policies, according to a source with the company. After that meeting, two engineers built an internal tool to create a master list of employees who were impacted by the job cuts, the person said. 

    Privacy violation

    The engineers who wrote the scripts were fired, a Pinterest spokesperson told CBS News. 

    “After being clearly informed that Pinterest would not broadly share information identifying impacted employees, two engineers wrote custom scripts improperly accessing confidential company information to identify the locations and names of all dismissed employees and then shared it more broadly,” the spokesperson said. 

    She added, “This was a clear violation of Pinterest policy and of their former colleagues’ privacy.”

    “Obstructionist” behavior?

    At a companywide meeting last week, according to CNBC, Ready told workers, “Healthy debate and dissent are expected, that’s how we make our decisions. But there’s a clear line between constructive debate and behavior that’s obstructionist.”

    Ready also described Pinterest as facing a “critical moment,” and told employees they should consider working elsewhere if they are “working against the direction of the company,” CNBC reported.

    Pinterest is the latest in a number of large businesses to cite AI in reducing headcount. Companies in 2025 directly pointed to their use of AI in announcing 55,000 job cuts — more than 12 times the number of layoffs attributed to AI just two years earlier, according to outplacement firm Challenger, Gray and Christmas. 

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  • Trump wrong that 92% of Minnesota Somalis don’t work

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    It was a reunion of sorts as former FBI Deputy Director Dan Bongino relaunched his podcast and brought in the man who tapped him for the federal job — President Donald Trump — for an interview.

    Bongino and Trump talked about a variety of issues, including Minnesota, where Trump’s administration has sent some 3,000 immigration enforcement officers, prompting a backlash, especially after the deadly shootings of two U.S. citizens, Renee Good and Alex Pretti.

    Minneapolis, the focus of the enforcement effort, is home to many Somalis, most of whom are U.S. citizens, either by birth or naturalization. 

    During the interview with Bongino, Trump referred to Somali immigrants in Minnesota.

    “These are people that don’t work,” Trump said. “These are people that are just not an asset to our society, to put it mildly. And we’ve got to get them out. … Ninety-two percent don’t work. They have an unbelievable corrupt system of welfare. You know, many of them drive Mercedes Benzes. They had nothing when they came over.”

    Federal data shows that Somalis are poorer, on average, than other Minnesotans. But the notion that 92% of them don’t work is unfounded; official government data shows far lower percentages.

    White House spokesperson Abigail Jackson did not provide support for the 92% figure. “Aliens who come to our country, complain about how much they hate America, fail to contribute to our economy, rip off Americans, and refuse to assimilate into our society should not be here,” she said.

    Statistics for Somalis in Minnesota

    The immigration enforcement buildup came after Trump criticized a spate of fraud cases involving Somalis in Minnesota, which have been prosecuted under former President Joe Biden and Trump. Since 2022, federal prosecutors have charged about 98 people with defrauding the federal government. The majority have been convicted; many cases are pending.

    There are about 108,000 Somalis in Minnesota, representing roughly 2% of the state’s population. Most Somalis came to the state in the 1990s, fleeing civil war in their home country. Some came as refugees — an immigration category for those fleeing persecution — while others were sponsored by family members or moved from other states. 

    Census Bureau data from 2024 estimates that for Somalis in Minnesota, the labor force participation rate — that is, the share of the population 16 and older that is either working or looking for work — is about 72%. That means that about 28% of the Minnesota Somali population is not employed and not looking for work — less than one-third of the 92% share Trump cited.

    The rate of labor force participation is higher for Somalis than it is for Minnesotans overall. In December 2025, Minnesota’s overall labor force participation rate was 68%; that would make the non-working rate about 32%, or four percentage points higher than for Somalis.

    The Center for Immigration Studies, a think tank that favors low immigration levels, produced a December report that details demographics of the Somali community in Minnesota using Census data. 

    The report found significant economic and social challenges, including that 52% of children in Somali immigrant homes in Minnesota live in poverty, compared with 8% of children in homes headed by U.S.-born people. It also found that about 39% of working-age Somalis have no high school diploma, compared with 5% of U.S. natives, and that half of working-age Somalis who have lived in the U.S. for at least 10 years cannot speak English “very well.”

    But the report found that when it comes to employment, Somalis in Minnesota measure up relatively well.

    “Somali joblessness is not as common as one would predict based on their population’s low education level,” the report said. “Employment is therefore a bright spot in the data for Somalis, relatively speaking.”

    The report’s author, resident scholar Jason Richwine, told PolitiFact he suspects Trump’s 92% figure results from “a common misunderstanding about welfare and work.”

    Richwine said his research found that about 9 of every 10 Somali immigrant households with children receive means-tested, anti-poverty benefits — but that doesn’t mean that 90%, or 92%, don’t work. That’s because most welfare programs are available to workers, including food stamps and Medicaid.

    Richwine said the economic challenge associated with Somali immigration “isn’t so much that they don’t work. Rather, it’s that their marketable skills are in many cases insufficient to raise their families out of poverty. As a consequence, they use a lot of welfare.”

    Our ruling

    Trump said that among Somalis in Minnesota, “92% of them don’t work.”

    The most recent data shows that about 28% of Somalis in Minnesota aren’t working — a far lower number than Trump’s 92%, and a smaller rate than for Minnesotans overall.

    About 9 in 10 Somalis receive some form of public assistance, but these programs typically allow low-wage workers to participate; receiving public benefits does not mean someone isn’t working.

    We rate the statement Pants on Fire!

    RELATED: Trump leaders say Minnesota officials withhold detained immigrants from ICE. Is that true?

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  • Oregon Job Growth Turns Negative In 2025 As Unemployment Reaches Decade High – KXL

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    SALEM, Ore. – Oregon’s annual job growth turned negative in 2025 as employers cut payrolls and unemployment climbed to its highest level in a decade outside of a recession.

    According to the Oregon Employment Department, nonfarm payroll employment declined by 3,300 jobs, a decrease of 0.2%, marking the first annual job loss since the pandemic recovery and one of only a handful of annual declines since 1990 that were not tied to a recession. While a few sectors added jobs, gains were narrowly concentrated in health care and social assistance.

    The state’s labor force continued to grow modestly, but all of the increase came from a rising number of unemployed workers rather than employment growth.

    More information from the Oregon Employment Department:

    Job losses widespread despite concentrated gains

    Health care and social assistance accounted for the majority of job gains in 2025, adding 13,300 jobs, or 4.4%, from the previous year. Government employment also increased, with public-sector payrolls growing by 3,300 jobs, or 1.0%. About three-quarters of those gains occurred in local government, including public schools, higher education and municipal services.

    Most other major sectors experienced job losses. Manufacturing shed 6,900 jobs, a decline of 3.7%, while retail trade lost 3,100 jobs, or 1.5%. Wholesale trade employment fell by 2,200 jobs, administrative and waste services declined by 2,100, and the information sector dropped by 2,000 jobs, a decrease of 5.6%. All remaining sectors changed by fewer than 2,000 jobs over the year.

    A diffusion index, which measures how broadly job growth is spread across sectors, showed more industries losing jobs than gaining them throughout 2025. The index remained well below 50 for most of the year, indicating contraction across much of the economy, though conditions improved modestly toward year’s end.

    Health care leads for third straight year

    Health care and social assistance led job growth for the third consecutive year, driven by gains across all major subsectors. Nursing and residential care facilities posted the largest increase, adding 3,900 jobs, or 6.9%, bringing total employment in the subsector to about 60,500.

    Private social assistance employers also added 3,900 jobs, a 4.9% increase, while ambulatory health care services grew by 3,200 jobs, or 3.1%. Private hospitals added an average of 2,200 jobs in 2025, a gain of 3.5%.

    Rising unemployment drives labor force growth

    Oregon’s labor force grew by 20,200 people in 2025, an increase of 0.9%, consistent with gains seen since 2022. Unlike the pre-pandemic years, however, employment did not rise alongside labor force growth.

    Instead, the number of employed Oregonians was essentially unchanged, while unemployment increased by 20,200 over the year. On average, there were 10,000 more unemployed workers in 2025 than in 2024, a 22% increase and the second consecutive annual rise.

    After two years of stagnant job growth and rising joblessness, Oregon’s unemployment rate averaged 5.1% in 2025, the highest level since 2015 outside of a recession or recovery period.

    Slow rebound forecast for 2026

    Looking ahead, the Oregon Office of Economic Analysis projects a return to modest job growth in 2026. Employers are expected to add about 10,000 nonfarm jobs, a growth rate of 0.5%, or roughly 800 jobs per month.

    Professional and business services are forecast to lead gains, followed by health care and social assistance. Job losses are expected in government, parts of manufacturing, financial activities and the information sector.

    While growth is projected to resume, analysts say employment gains are likely to remain below historical averages.

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    Grant McHill

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  • ‘I just don’t have a good feeling about this’: Top economist Claudia Sahm says the economy quietly shifted while policymakers wait for the wrong alarm | Fortune

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    Analysts’ favourite gauge of the U.S. economy’s health comes from data. And at the moment, the numbers look OK … ish. Hiring is down, but unemployment hasn’t spiked, inflation isn’t ballooning (as feared) because of tariffs, and consumer spending is holding up remarkably well.

    Economist Claudia Sahm is an expert (if not the expert) on the conditions that presage a recession and how policymakers should react as a result. She is the creator of “the Sahm Rule,” an employment indicator monitored by everyone from central banks to the global financial giants. The Sahm Rule says that a recession is likely when the three-month moving average of the national unemployment rate rises by 0.5 percentage points or more, relative to the minimum of the three-month averages from the previous year.

    Sahm’s equation has proved invaluable. As JP Morgan observed, it “was 100% accurate prior to the pandemic, dating back to 1959.”

    Therein lies the problem: During the pandemic, Sahm believes the tectonic plates of the economy began shifting and haven’t settled since.

    The labor market has behaved strangely since the pandemic. President Trump’s anti-immigration drive has reduced the number of available workers. Employers have been reluctant to hire for new roles. Unemployment has ticked up but isn’t out of control by historical standards. Hiring remains tight, in a “low-hire, low-fire” environment.

    Secondly, America’s institutions—the courts, the central bank, its federal agencies—have been politically swayed by the Trump Administration. Economists are no longer sure they act independently to provide the checks and balances that historically made the U.S. economy a transparent, and therefore trustworthy, place to do business.

    The former Fed Section Chief who once served as Obama’s senior economist doesn’t think a blow-out event will crash the American economy. Rather, her fear is that aggregating events will reshape these two fundamental factors, and that the usual responses from policymakers are unlikely to be fit for purpose.

    If a path can be charted, Sahm fears we’re moving the wrong way down it.

    Tectonic plate one: Labor

    Many economists have been eyeing the “knife-edge” in the labor market. They are watching the “breakeven number” (the job creation figure needed to stop unemployment from climbing) grind lower and lower, offset by significant immigration, which has reduced labor supply.

    Sahm isn’t so concerned by the month-to-month shifts. Businesses are finding a steadier footing amid tariffs, according to the Fed’s first Beige Book of the year, meaning employers’ low-fire, low-hire approach is no longer driven by fear. Sahm’s concern is longer term: What it means for people looking for work but who can’t find a job, and whether they’ll be ignored by policymakers who are only alert for the technical numbers that signal a downturn.

    “I get concerned when I hear ‘Well, we don’t have layoffs, so we don’t have a recession,’” Sahm told Fortune in an exclusive interview. “But you do have a very low hiring rate. It might not be an aggregate event, it might not be a broad-based contraction like we see in a recession, but it certainly has real implications for workers coming into the labor market.”

    “Something’s happening here,” Sahm adds. “It’s clearly bad for people looking for work, but we can’t just have this, ‘Oh, if we avoid a recession, all is good.’ It could be that we’re dealing with much more structural shifts, and those aren’t just hard to forecast; they’re hard to assess in the moment because those structural shifts can be very slow.”

    AI replacing roles is, of course, a factor. Fed Chairman Jerome Powell is monitoring the situation “very carefully.” JPMorgan’s CEO Jamie Dimon said LLM-driven layoffs could lead to civil unrest. Yet the hand-wringing over the impact of AI doesn’t explain the depressed hiring rates we’re seeing right now, Sahm said.

    An optimist might suggest that a lower hiring rate is a shake-out from incredibly tight conditions during the pandemic. Between 2022 and early 2024, the Beveridge curve—usually a downward slope illustrating the relationship between job openings and the unemployment rate—was more of a straight line: In theory, for every job opening there was a person in need of a role. Fewer openings at the moment may merely show that employers have found the talent they need, and don’t want to add individuals who—in a tight market—can demand the pay and conditions they want, a phenomenon observed by ADP’s chief economist Dr Nela Richardson.

    The data also isn’t illustrating an economy in need of fiscal stimulus to generate activity—though that’s what it’s getting this year anyway in the form of the One Big, Beautiful Bill Act. Analysts are also banking on interest rate cuts from a more dovish Fed chairman, but again Sahm feels this won’t kickstart sluggish hiring: Sahm described the behavior as how a government might “traditionally” stimulate a weakening economy, “kind of [a] front-end recession response.”

    “But against the backdrop, as best we know from the data, business activity looks pretty OK, consumer activity looks OK. I’m concerned that stimulating more demand isn’t what’s holding back hiring—there’s something else.”

    Sahm’s own creation isn’t demanding action: Currently, the recession indicator is sitting at a mild 0.35. She warned policymakers against relying too heavily on the tool in the current cycle, saying their attention should be focused—”maybe even more so”—on the labor market because “it doesn’t hold the typical pattern, which means our typical tools to fight [it] like a recession may not be the right ones.” 

    Tectonic plate two: Institutions

    For all the ingenuity and commitment it took to build America into the globe’s preeminent economic force, the country would not retain the title if it weren’t for the strength of its institutions. President Trump witnessed the market blip when he threatened the independence of the Federal Reserve with remarks about firing Chairman Powell, and Wall Street has been reinforcing the importance of an autonomous central bank ever since.

    But Trump hasn’t stopped pressuring the Fed, with Chairman Powell now being investigated by a grand jury over expensive renovations to central bank buildings.

    “I think we can look and say up to this point with pretty high confidence, that it’s been economics driving the interest rates,” Sahm said. “What I have a hard time with is [that] the escalation has continued, and the Fed itself is going to go through a transformation this year with a change in leadership. If Powell had two or three more years on his tenure as chair, I would feel more confident than I do with the fact that he has four months left.”

    Like the labor market, Sahm’s concern is that institutions like the Fed—where she spent more than a decade of her career—will be allowed by policymakers to drift.

    “We’re not on a good path, and while I applaud Jay Powell for standing up and having a statement and pushing back, over the long haul that’s not a sufficient check on pressure,” she added. “I don’t know where this goes, and [where] the economy may. We may see inflation come down more rapidly, we may end up in an envionment where lowering interest rates makes sense and we diffuse the issues by that.

    “But I just don’t have a good feeling about this.”

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    Eleanor Pringle

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  • These are the best places to work in 2026, according to Glassdoor

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    A car wash chain with locations across Indiana and Minnesota ranks as the best place to work in the U.S., according to employee reviews on job site Glassdoor.

    Crew Carwash scored the top spot on Glassdoor’s 100 Best Places to Work in 2026. Crew, a family-owned business that last year earned the second spot on the list, employs about 1,000 part- and full-time workers across its 55 locations in the Midwest.

    Glassdoor bases its rankings on insiders’ takes on criteria that can determine a good job, ranging from opportunities for career growth to satisfaction with compensation and benefits. Its proprietary awards algorithm analyzed anonymous reviews of U.S.-based employers posted on the site from October 2024 through October 2025.

    “Flexibility is extremely important for employees right now, and that doesn’t just mean remote work,” Glassdoor chief economist Daniel Zhao told CBS News. “Some companies are willing to be flexible on hours or give more autonomy to workers in terms of how they manage their careers.”

    Still, most American workers are disengaged at work, meaning they’re either doing the bare minimum or are resentful or unhappy, Gallup’s latest State of the Global Workplace report found. Only 3 in 10 workers are engaged, the lowest level in a decade.

    Engaged workers tend to have higher productivity and create better business outcomes, Gallup noted. Workers are checking out amid new pressures in the workplace, from the disruption of artificial intelligence to budget cuts, Gallup said.

    Tech companies losing dominance

    Although tech companies remain the best-represented industry on the list, taking 24 spots, they appear to be losing their luster among workers. That number is down from 26 spots in 2025 and 31 in 2024. 

    “This is part of an ongoing trend where many tech employers are trimming some of the things that made the job so appealing over the last year,” Zhao said. “They are pushing harder and harder on efficiency and productivity.”

    To be sure, “there is still an enormous career and income upside, and you see that reflected in chipmaker Nvidia ranking third,” he said.

    This year’s rankings added nineteen companies to the list, including Alaska Airlines at No. 38, Bath and Body Works at No. 80, Dutch Bros Coffee at No. 75 and Bank of America at No. 96.

    Only two companies have made the list for each of the 18 years Glassdoor has released the rankings: Bain & Company, which ranked No. 8 in 2026, and Google, which stands at No. 11 this year.

    Some white-collar employers are also dropping off the list, as some workers start to view blue-collar work as less likely to be supplanted by AI, Zhao said.

    “There is still a balance with many industries represented,” Zhao said. “But it is reflective of the overall trend in the job market where we are seeing hiring freeze up in white-collar industries.”

    These are the 20 best companies to work for, according to Glassdoor. To view the complete list, click here. 

    1. Crew Carwash
    2. In-N-Out Burger
    3. Nvidia
    4. Ryan
    5. Keller Williams
    6. Mars
    7. ServiceNow
    8. Bain & Company
    9. Houston Methodist
    10. EPAM Systems
    11. Google
    12. Lawrence Livermore National Laboratory
    13. H E B
    14. Motorola Solutions
    15. Boston Scientific
    16. Mathnasium
    17. GE Aerospace
    18. Progressive Insurance
    19. RDSolutions
    20. Intuitive

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  • Nassau, Suffolk employment lawyers: Long Island’s leading labor law firms ranked | Long Island Business News

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    Jackson Lewis maintains its position at the top of ‘s labor and practice area landscape with 49 attorneys at its Melville office on South Service Road. Ana Shields serves as managing principal.

    Littler follows with 21 attorneys in this area, also based in Melville on Broadhollow Road under John Bauer as office managing shareholder. T

    Bond, Schoeneck & King ranks third with 20 attorneys. The firm in 2025 relocated to South Service Road in Melville, with Craig Olivo and Ralph Rosella serving as co-managing members. Garfunkel Wild holds fourth place with 19 attorneys working from Great Neck under Chairman Andrew Blustein.

    McIntyre, Donohue, Accardi, Salmonson & Riordan employs 16 labor and employment attorneys in Bay Shore and represents employees and plaintiffs. Richard Donohue manages the firm as managing partner.

    Three firms tie with 15 practice area attorneys each. Fusco, Brandenstein & Rada operates from Woodbury and represents employees and plaintiffs. Ingerman Smith works from Hauppauge under Managing Partner Mary Anne Sadowski. Kaufman Dolowich maintains offices in Woodbury with Michael Kaufman and Ivan Dolowich as co-managing partners.

    The rankings extend to firms each with one Long Island-based labor and attorney. Harras Bloom & Archer; Harris Beach Murtha; Law Offices of Alan J. Schwartz; McCabe, Collins, McGeough, Fowler, Levine & Nogan; Meng & Reznak; and Russo, Karl Widmaier & Cordano.

    These firms serve clients across Nassau and Suffolk counties in matters involving labor and employment law.

    Go to LIBN’s Leads and Data Center to download the complete the Labor list or any other LIBN list. Subscribe to LIBN’s Leads and Data to gain year-round access to the data from LIBN’s lists.

    Forvis Mazars is the Premium Sponsor of LIBN’s 2026 Book of Lists.

    Moritt, Hock & Hamroff LLP is the Chapter Sponsor for the Law Firms chapter in LIBN’s 2026 Book of Lists.

     

    Claude.ai assisted with the creation of this article based on LIBN data.


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    Regina Jankowski

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  • Trump posted some U.S. jobs data before its official release on Friday

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    President Trump disclosed U.S. jobs data the day before the Department of Labor released hiring numbers for December, a closely watched economic report on Wall Street that can sway financial markets. 

    At 8:20 p.m. EST on Thursday, Mr. Trump posted a graph depicting changes in private and government employment since January 2025. When the full jobs report was released Friday morning, it became clear that Mr. Trump’s post had incorporated the December employment data because the totals in the chart matched figures released in the monthly report.

    Mr. Trump brushed off the incident. “I don’t know if they posted them,” he told reporters Friday afternoon. “They gave me some numbers. When people give me things, I post them.”

    A White House official told CBS News that Mr. Trump’s post came after he was briefed on the employment numbers, calling it an “inadvertent public disclosure of aggregate data that was partially derived from pre-released information.” 

    The White House is now reviewing its protocols for economic data releases, the official added.

    Cooler hiring

    The government’s latest jobs report shows that hiring cooled in December, with employers adding 50,000 jobs, while the nation’s unemployment rate ticked down to 4.4%. The economy added roughly 584,000 jobs for all of 2024, down from more than 2 million in 2024, labor data shows.

    Federal economic data is held under strict embargo until its scheduled release because the information has the potential to move financial markets. Providing some investors with access to such data could allow them to place trades based on knowledge unavailable to other investors.

    White House economic officials are provided with an advance copy of the Labor Department’s employment report each month on Thursday afternoon and sign agreements to keep the numbers confidential, though they also write up a summary for the president, according to the Associated Press.

    Data leaks can undermine investor confidence, as markets expect officials to keep a tight lid on economic reports until they’re released publicly, Mark Luschini, chief investment strategist at Janney Montgomery Scott, told CBS News.

    “Markets don’t react kindly to that, because obviously it means that perhaps a select few may have been able to front-run on that news ahead of the market at large,” he said.

    Erica Groshen, a former commissioner at the Bureau of Labor Statistics, the unit that compiles the monthly employment figures, said that premature disclosures of the agency’s data can be punished by fines and even jail time. But previous breaches typically have been met with a slap on the wrist, she noted. 

    The Securities and Exchange Commission didn’t immediately respond to a request for comment on Mr. Trump’s inadvertent data release. 

    No market disruption

    Although some investors could have acted on the information Mr. Trump posted on Thursday, there were no evident signs of a change in trading or market prices related to the jobs data, said Adam Crisafulli, head of investment adviser Vital Knowledge.

    Mr. Trump’s data provided only a partial snapshot of the December labor market, while most investors are looking for the overall monthly data, including the most recent unemployment rate, he added. 

    “For people who are kind of really trying to get a sense of the economy, they want to look at the full release,” Crisafulli said.

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  • Looking for a job? Here are the best U.S. cities to find openings.

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    Although large U.S. metros continue to offer ample job opportunities, job-seekers don’t necessarily need to head to the very biggest cities to find work.

    Take Pittsburgh. With a population of roughly 308,000, the former steel hub offers the most per capita job openings of any metro area in the country, according to a recent study from WalletHub that compared the employment landscape in 182 U.S. metros.

    Although traditional industries like manufacturing and construction remain important contributors to Pittsburgh’s economy, other sectors are also growing fast — education and health services now employ close to 280,000 workers in the region, labor data shows. 

    Other smaller cities with substantial job openings include Columbia, South Carolina, Orlando, Florida, and Richmond, Virginia, WalletHub found. 

    “Beyond sheer availability, these cities also offer strong employment protections, access to top-rated employers, and abundant work-share or internship opportunities that support employees at different stages of their careers,” Chip Lupo, a writer and analyst at WalletHub, told CBS News in an email. “While starting salaries and industry variety aren’t always the highest, the combination of opportunity, stability and quality of work makes these markets particularly appealing for anyone looking to make a career move.”

    To determine which cities have the most job opportunities relative to their population, WalletHub calculated the number of openings relative to the size of their labor force, while also factoring in the local unemployment rate.

    The analysis underscores that while Americans may be attracted to the grandeur of larger cities, midsized metro areas have much to offer on the job front, while also offering a lower cost of living. In Pittsburgh, for example, housing is 7.2% less expensive than the national average, according to apartments.com.

    Cities with the most job openings per capita

    1. Pittsburgh, Pennsylvania  
    2. Columbia, South Carolina
    3. Orlando, Florida
    4. St. Louis, Missouri
    5. Richmond, Virginia

    Cities with the fewest job openings per capita

    175. Glendale, California
    176. Santa Clarita, California
    177. North Las Vegas, Nevada
    178. Stockton, California
    179. Detroit, Michigan

    WalletHub’s study includes a more comprehensive analysis that ranks 182 cities based on 31 key metrics that also include factors like average commute time, safety and family friendliness. 

    At the top of WalletHub’s overall list is Scottsdale, Arizona. The personal finance firm gave the city high marks for its low unemployment rate and high median household income ($101,000). The city also scored points for its high quality of life and low crime rates.

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  • Employers added 50,000 jobs in December, capping a year of weak hiring

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    Employers across the U.S. added 50,000 jobs in December, capping a year of muted job growth that saw employers pull back on hiring amid economic uncertainty. 

    The numbers

    The monthly job gains were below the 55,000 forecast by economists, according to a poll by FactSet.

    The unemployment rate stood at 4.4% in December, compared with 4.5% in November, the Bureau of Labor Statistics said Friday.

    Payroll gains were revised downward for both October and November, a sign that hiring was weaker than previously reported in those months. The U.S. labor market lost 173,000 jobs in October, a larger decline than the earlier reported decline of 105,000 jobs, while November hiring was revised down to 56,000 from 64,000.

    Bar chart showing the monthly net change in payroll employment by industry. Each bar represents the change in thousands of jobs from the previous month.

    “The labor market has shown continued resiliency, but it’s still softening, and the pace of year-to-date overall employment gains has slowed to the dragging pace of growth we saw in 2020,” said Jerry Tempelman, vice president of fixed income research at Mutual of America Capital Management, in a Friday email.

    In December, hiring was robust in food services and drinking, health care and social assistance, while the retail sector shed jobs, the BLS said.

    Bar chart showing the monthly change in U.S. nonfarm payroll employment from 2022 to 2025.

    Most layoffs since 2020

    Employers announced 1.2 million job cuts in 2025, a 58% increase from the prior year and the highest level since 2020, outplacement firm Challenger, Gray & Christmas said Thursday.

    Job growth slowed throughout 2025 as some businesses grappled with economic uncertainty, prompting them to pull back on hiring. Employers added a total of roughly 584,000 jobs in 2025, down sharply from more than 2 million the previous year and the weakest annual gain outside a recession since 2003, according to Oxford Economics. 

    Some big corporations, such as Amazon, cut jobs as they sought to rely more on artificial intelligence, while the Trump administration’s Department of Government Efficiency oversaw the reduction of roughly 300,000 government jobs last year, Challenger, Gray & Christmas said.

    The headwinds facing the labor market prompted the Federal Reserve to thrice cut its benchmark interest rate late last year, as lowering borrowing costs can help spur hiring by making it cheaper for businesses to expand.

    Prior to the release of Friday’s report, EY-Parthenon Chief Economist Gregory Daco said he is forecasting hiring will average 25,000 new jobs per month for the first half of 2026, while the unemployment rate could drift up to 4.8%.

    What it means

    While hiring was weak in 2025, experts don’t think the labor market is collapsing.

    “There aren’t any red flashing lights indicating an imminent recession, but there are plenty of yellow warning lights flashing, and there is the risk that we could approach stall speed,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management, in a Friday research note.

    Payroll gains averaged about 50,000 per month last year, according to BLS data, which is the amount the economy requires to maintain a stable labor market, according to Jamie Cox, managing partner at Harris Financial Group, which aligns with the December job gains and the average payroll gains throughout 2025.

    Interest rate outlook

    Signs of stabilization in the labor market — particularly a lower jobless rate — could lead the Federal Reserve to hit the brakes on interest rate cuts for now, according to some experts.

    “For this report, all roads lead to the unemployment rate,” said Olu Sonola, head of U.S. Economic Research at Fitch Ratings, in an email. “At 4.4%, it simply reads as relief versus 4.6% and it should douse the Fed’s recent urgency to backstop a weakening labor market.”

    The Federal Reserve is tasked with maintaining strong hiring while also taming inflation. A weaker labor market picture in 2025 compelled the central bank to cut interest rates three times. 

    The upshot for 2026, experts say, is that rate cuts are coming, but they may arrive later in the year.

    Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, said in an email note that she expects a pause for now, but two cuts at some point this year.

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  • Choosing a career? In a fast-changing job market, listen to your inner self – counselor

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    by Kobus Maree, University of Pretoria

    The world of work today, in the 21st century, is far more unpredictable than it was in the 20th century. Jobs come and go, roles change constantly, and automation and digital disruption are the only constants. Many young people will one day do jobs that don’t yet exist or did not exist a few years ago. Change is the new normal.

    In this world, career counselling focuses on navigating repeated transitions and developing resilience. It is about employability and designing meaningful work-lives – not about finding a single “job for life”. It recognises that economic activity is part of wider social realities.

    At its heart is the search for a sense of purpose.

    As a career counsellor and academic, I’ve been through decades of innovation, research, and practice in South Africa and beyond. I have found that the work of US counselling psychologist Mark Savickas offers a useful way to understand how people build successful and purpose-filled careers in changing times.

    His career construction theory says that rather than trying to “match” people to the “right” environment, counsellors should see their clients as authors of their own careers, constantly trying to create meaning, clarify their career-life themes, and adapt to an unpredictable world.

    In simple terms, this means in practice that career decisions are not just about skills or interests, but about how we make sense of our lives. They are about our values and how we adapt when the world shifts.

    In my own work I emphasise that career counselling should draw on people’s “stories” (how they understand themselves) as well as their “scores” (information about them). This is why I developed instruments that blend qualitative and quantitative approaches to exploring a person’s interests.

    I also think career counselling should be grounded in context – the world each person lives in. For example, in South Africa, young people face multiple career-life transitions, limited opportunities and systemic constraints, such as uneven and restricted access to quality education and schooling, lack of employment opportunities, and insufficient career counselling support. My work in this South African context emphasises (personal) agency, (career) adaptability, purpose, and hope.

    This goes beyond “what job suits you best”, into a richer, narrative-based process. Clients recount their career-life story, identify “crossroads”, reflect on their values and purpose, and design their next career-life chapters. Essentially, this approach helps them listen to themselves – to their memories, dreams, prospects, values, and emerging self- and career identities – and construct a story that really matters to the self and others.

    I also believe that career counsellors should try to help people deal with their disappointments, sadness and pain, and empower them to heal others and themselves.

    Tips for career builders

    Adaptability is a central theme in current career theory. It has four dimensions:

    • concern (about the future)
    • control (over your destiny)
    • curiosity (exploring possibilities)
    • confidence (in your capacity to act).

    When you develop these capacities, you are better equipped to manage career-life transitions, redesign your career appropriately and promptly, and achieve a meaningful work-life balance.

    I have found that in practice it’s helpful to:

    • reflect on key “turning points” in your career-life and earliest memories
    • integrate self-understanding with awareness of what’s happening in an industry, technology and the economy
    • draw on “stories” (subjective information about yourself) and “scores” (objective data)
    • develop a sense of mission (what the job means for you personally) and vision (your contribution to society, not just your job title).

    I invite you to reflect deeply on your story, identify the key moments that shaped you, clarify your values, and decide what contribution you want to make. Then (re-)design your way forward, step by step, one transition at a time.

    If it’s possible, a gap year can be a good time to do this reflection, learn new skills and develop qualities in yourself, like adaptability.

    One of the best pieces of advice for school leavers I’ve ever seen was this: “Get yourself a passport and travel the world.”

    How a counselor can help

    One of the key tenets of my work is the belief that career counseling should be beneficial not only to individuals but also to groups of people. It should promote the ideals of social justice, decent work, and the meaningful contribution of all people to society.

    For me, the role of practitioners is not to advise others but to enable them to listen to their inner selves.

    To put it another way: in a world of uncertainty, purpose becomes a compass; a North Star. It gives direction. By helping you find the threads that hold your life together and your unique career story, a counsellor helps you take control of your career-life in changing contexts.

    There’s also a shift of emphasis in career counseling towards promoting the sustainability of societies and environments on which all livelihoods are dependent.

    Career counseling is more vital than ever – not a luxury. It’s not about providing answers but about helping people become adaptive, reflective, resilient and hopeful.

    Kobus Maree, Professor of Educational Psychology, University of Pretoria

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

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  • Economic oasis emerges in the Arizona desert

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    Arizona is fast becoming a major hub for computer chip production thanks to what’s being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America’s reliance on overseas products.

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  • Denver minimum wage rises to $19.29 in 2026

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    Workers sort materials by hand inside Republic Services’ recycling center in north Denver. Nov. 11, 2025.

    Kevin J. Beaty/Denverite

    Denver’s minimum wage will rise for most workers from $18.81 to $19.29 an hour starting on New Year’s Day. 

    That’s more than twice the national minimum wage of $7.25 and the highest in the state. Colorado’s minimum wage will be $15.16, except in communities like Denver with higher local minimum wages.

    The other cities with local minimum wages are:

    • Edgewater at $18.17
    • Boulder and Boulder County at $16.82

    Denver will also raise its tipped minimum wage — the base wage that must be paid to workers who get tips, such as restaurant servers.

    Gov. Jared Polis and other lawmakers had pressed the city to freeze or lower the tipped minimum, saying restaurant labor costs are too high, but Denver lawmakers declined to intervene.



    How Denver’s minimum wage is set

    Each year, Denver’s Department of Finance changes the minimum wage based on inflation — as measured by the Consumer Price Index — in an attempt to keep up with the rising cost of living. This year, the minimum wage hike will be smaller than last year’s, as inflation has slowed. 

    Nearly all workers, regardless of immigration status, must be paid minimum wage. The exceptions include food and beverage workers. Tipped minimum wages will increase from $15.79 to $16.27 at the start of the year in Denver. 

    The tipped minimum is the amount that employers must pay in addition to tips. If tips are slow, the employer also has to kick in additional money to ensure that tipped employees are receiving at least the regular minimum wage when combining tips and wages.

    The tipped minimum has been controversial because it has risen alongside the regular minimum wage in Denver. Some restaurant owners (and lobbyists) have argued that it is putting eateries out of business. In response, a recent state law gave cities the power to freeze or lower the tipped minimum, even if they are raising the regular minimum.

    “With this new legislative tool, I call on local governments in Denver, the City of Boulder, Edgewater, and unincorporated Boulder County to take action to address the tip credit and ameliorate pay disparities between front and back-of-house,” Polis said at the time.

    Only Edgewater has taken advantage of that new power. Denver lawmakers have not signaled any intention to change the city’s formula. Labor advocates have argued that tipped workers are struggling to survive and should be paid more.



    Who has the highest minimum wage?

    Municipalities in the states of Washington and California have some of the highest local minimum wages in the country, with a couple in Washington topping $21 an hour.

    Washington also has had the highest statewide minimum in recent years, and it is set to reach $17.13 in 2026.

    Workers who believe they are not being paid minimum wage should contact Denver Labor online, email [email protected], or call 720-913-WAGE (9243).

    Denverite editor Andrew Kenney contributed to this report.

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  • Violence, 16-hour days and no support: Why staff say they’re fleeing Colorado’s juvenile detention centers

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    Carissa Wallace started working at the Lookout Mountain Youth Services Center in Golden two years ago because she felt strongly about helping rehabilitate young people convicted of crimes.

    She loved the teens and loved the work.

    But staffing shortages began to take a toll. Management routinely mandated employees pull 16-hour shifts multiple days a week because they were so short-staffed. Fewer workers meant there was nobody to respond to crises or adequately monitor the young people in their care, she said. Safety concerns mounted.

    Wallace said she came home every day and cried. She went to the doctor for medication to help deal with all the anxiety the job brought.

    “After two years, I was mentally broken from that place,” she said in an interview. “When I had to think about my safety every second of the day, I could no longer make a difference. I could no longer help the kids.”

    Colorado’s youth detention centers are facing a staffing crisis, leading to serious safety concerns for employees and youth and low worker morale, current and former staffers told The Denver Post. The Division of Youth Services, which oversees the state’s 12 detention and commitment facilities, employs more than 1,000 employees, according to state data. Nearly 500 additional jobs remain vacant.

    Some facilities, such as the Mount View Youth Services Center in Lakewood, reported a 57% staff vacancy rate, according to June figures compiled by the state. At the Spring Creek Youth Services Center in Colorado Springs, nearly 10% of its staff at one point in November were out due to injuries sustained on the job.

    Current and former staff say leadership deserves a large chunk of the blame. Employees say they don’t feel management supports them or listens to their concerns. Higher-ups aren’t on the floor dealing with riots, they say, or leading programs. When situations do get out of control, staff say the brass simply looks for someone to blame.

    “The administration says they care,” said Kim Espinoza, a former Lookout Mountain staffer, “but their actions say otherwise.”

    Alex Stojsavljevic, the Division of Youth Services’ new director, acknowledged in an interview that working in youth detention is difficult. Retaining staff is a big priority with ample opportunities for improvement, he said. The division plans to be intentional about the people it hires into these roles, making sure that candidates know what they’re signing up for.

    He hopes to sell a vision that one can make youth corrections a long, fulfilling career.

    “Change is afoot in our department,” said Stojsavljevic, who took the mantle in October. “Just because we’ve done something for 20 or 30 years doesn’t mean we have to continue to do it that way.”

    Critical staffing levels

    Staffing shortages at Colorado prisons and youth centers have remained a persistent problem in recent years, though vacancy rates at the DYS facilities far outpace those at the state’s adult prisons.

    A lack of adequate employees means adult inmates can’t access essential services like medical, dental and mental health care, according to a 2024 report from the Colorado Criminal Justice Reform Coalition. Education, employment and treatment programs lag.

    “Simply put, because of the staff shortage, the (Department of Corrections) is not able to fulfill its organizational mission, responsibilities and constitutional mandates,” the report’s authors wrote.

    Studies point to a litany of physical and mental health issues facing corrections workers.

    Custody staff have a post-traumatic stress disorder rate of 34%, 10 times higher than the national average, according to One Voice United, a national organization of corrections officers. The average life expectancy for a corrections worker is 60, compared to 75 for the general population. Divorce and substance abuse rates are higher than in any other public safety profession, the organization noted, while suicide rates are double that of police officers.

    The Colorado Department of Corrections has a 12.6% overall department vacancy rate, according to state figures. Correctional officer vacancies sit at 11%, while clinical and medical staff openings are nearly 20%.

    Meanwhile, nearly one in three DYS positions is vacant.

    The most common open positions are for the lowest level correctional workers, called youth services specialists. The Betty. K. Marler Youth Services Center in Lakewood currently has 23 vacant positions for this classification of employee out of 63 total slots. The facility is also short 10 teachers. Platte Valley Youth Services Center in Greeley has 21 open positions for the lowest-tier youth services specialist role out of 71 total jobs.

    The same candidates who might work at DYS are also being recruited by adult corrections, public safety departments and behavioral health employers, Stojsavljevic said, leading to fierce competition for these applicants.

    Current and former DYS workers say the staffing issues serve as a vicious cycle: The fewer employees there are, the more mandated overtime and extra shifts that the current staff are forced to take on. Those people, then, quickly burn out from the long hours and dangerous working conditions, they say.

    Wallace, the former Lookout Mountain worker, said almost every day for the past year, leadership mandated staff stay late or work double shifts. This routinely meant working 16-hour days.

    “It got to the point where people weren’t answering their phones,” she said. “People were calling out sick because they were overworked and exhausted.”

    Wallace estimated that 80% of the time, the facility operated at critical staffing levels or below. State law requires juvenile detention facilities to have one staff member for every eight teens, but workers say that wasn’t always the case.

    Many days, staffers said, there weren’t enough employees to respond to emergencies. In some cases, that meant the young men themselves assisted staff in breaking up fights with their peers.

    One night, some of the teens set off the fire alarm at Lookout Mountain, which unlocked the doors and allowed the young people to run around campus, climb on buildings and break windows, workers said. Without enough staff to rein in the chaos, employees wanted to call 911.

    But they said they were told they would be fired if they did. Leadership, they learned, didn’t want it covered by the press.

    “Our jobs, our lives were threatened because they didn’t want media coverage,” Espinoza said.

    Stojsavljevic said the department is “acutely aware” of the mandated work problem, though he admitted that in 24-hour facilities, staff will occasionally be told to work certain shifts.

    The division has implemented a volunteer sign-up list, where staff can earn additional incentives for working these extra shifts.

    Since he’s been in the job, the state’s juvenile facilities have never dropped below minimum staffing standards, Stojsavljevic said.

    Routine violence in DYS facilities

    Staff say violence is an almost daily occurrence inside DYS facilities, which contributes to poor staff retention.

    The division, since Jan. 1, recorded 35 fights and 94 assaults at the Lookout Mountain complex, The Post reported in September. Since March 1, police officers have responded 77 times to the Golden campus for a variety of calls, including assaults on youth and staff, sexual assault, riots, criminal mischief and contraband, Golden Police Department records show.

    Twenty of these cases concerned assaults on staff by youth in their care.

    Multiple employees suffered concussions after being punched repeatedly in the head, the reports detailed. Others were spit on, bitten, placed in headlocks and verbally threatened with violence.

    Chaz Chapman, a former Lookout Mountain worker, previously told The Post that he reported three or four assaults to police during his tenure, adding, “I was expecting to get jumped every day.”

    “We were basically never able to handle situations physically, and the kids knew that; they were stronger than 90% of their staff,” Chapman told The Post in September. “The ones who stood in their way would get assaulted, such as myself.”

    Staff said leadership still expected them to show up to work, even while injured.

    Espinoza said she injured her knee during a restraint, requiring crutches. DYS continued to put her on the schedule, she said. So the staffer hobbled around the large Golden campus through the snow and ice.

    One supervisor had his head cracked open at work this year, Espinoza said. He went to the hospital and returned to Lookout. Wallace said she’s been to the doctor 20 times since she started the job due to injuries sustained at work. She said she still has long-lasting shoulder pain.

    “If they’re gonna keep hiring women who can’t restrain teenage boys, people are going to get hurt,” she said. “That was an everyday thing.”

    In November, 28 DYS employees were out of work on injury leave, according to data provided by the state. Spring Creek Youth Services Center in Colorado Springs had nine workers injured out of 91 total staff. The state did not divulge how these people were hurt.

    Stojsavljevic said safety is the division’s No. 1 focus area. If staff are injured on the job, he said, it’s important that they’re supported.

    “Staff have to be both physically healthy and emotionally healthy to do this work,” the director said.

    Division policies allow injured employees to take leave if they need it. Depending on the level of injury, some staff can return to work without having youth contact, Stojsavljevic said.

    ‘That place takes your soul’

    But workers interviewed by The Post overwhelmingly blamed management for the division’s poor staffing levels.

    As staff worked 16-hour days and were mandated to come in on their days off, they said administrators wouldn’t pitch in.

    “A lot of people felt it’s unfair,” Wallace said. “The people making a good amount of money weren’t truly being leaders. They were forcing us to pick up the slack, but they didn’t want to deal with youth. They wanted to sit at a desk, collect their check, and go home for the day.”

    New recruits were thrown into the deep end with barely any training or support, employees said. Those new staffers quickly saw the grueling hours and how tired their coworkers were all the time. Many left within weeks of starting the gig.

    “I could see their souls were literally gone,” Wallace said. “That place takes your soul.”

    After safety, Stojsavljevic said the department is prioritizing quality and innovation. Leadership wants to make sure that programs and policies are actually getting better results.

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  • The Biggest Threat to the 2026 Economy Is Still Donald Trump

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    The escalating trade war with China is currently on something of a hiatus. In October, the Trump Administration eased tensions by reversing its decision to expand the list of Chinese companies restricted from access to advanced U.S. technology. Earlier this month, Trump said he would allow Nvidia to export to China some high-grade computer chips, with the U.S. government collecting twenty-five per cent of the revenues. Wall Street seems to be tacitly assuming that the détente will last beyond Trump’s trip to China scheduled for April, but who really knows? If the government in Beijing doesn’t agree to the concessions that he wants, he could easily revert to a more coercive stance.

    Even if the economy can endure another year of the Tariff Man, there are other issues that could have a big political effect. They include jobs, prices, and health-care costs. Since April, growth in employment has averaged just forty thousand jobs a month. Last year, the figure was more than four times larger. Moreover, Powell said the Fed thinks the official monthly payroll figures are overestimating the actual numbers by about sixty thousand. If that’s right, the economy has been shedding twenty thousand jobs a month. Even going by the official figures, the number of people working in manufacturing, the sector which is supposed to be the primary beneficiary of Trump’s tariffs, has fallen by sixty-three thousand this year. Other industries that have recently displayed weak hiring are information and finance, which employ a lot of white-collar workers. This has provoked fears that A.I. is eliminating jobs. In a Reuters/Ipsos poll, seventy-one per cent of respondents said they were concerned that A.I. will be “putting too many people of out of work permanently.”

    Trump can’t be blamed for A.I., although the executive order that he issued two weeks ago in an effort to prevent states from regulating the potentially transformative new technology demonstrated how beholden he is to the Silicon Valley tech barons.

    He is more directly responsible for stubbornly high prices. His tariffs have helped raise the prices of many imported goods, including grocery staples such as coffee and bananas, and his mass deportations may be producing a labor shortage in some service industries, such as restaurants and hospitality, where there were almost a million job openings in the fall. When firms are struggling to find the workers they need, they have to offer higher wages, which raises their costs.

    As the midterms approach, Democrats will surely heed Barack Obama’s advice to focus on affordability, jobs, and health care. With Congress having adjourned without addressing the year-end expiry of enhanced subsidies for health-insurance policies purchased through Obamacare exchanges, some twenty-two million Americans will be affected. Going into 2026, many of them could face much higher premiums, more than double in some instances. With Republicans divided, and Trump still doing little more than publicly bashing Obamacare, there is no assurance of any resolution.

    Meanwhile, Trump’s presence in the White House is accentuating another big threat to the economy, which comes from financial fragility. Over the past three years, the S. & P. 500 has risen by more than seventy-five per cent, and the Nasdaq has more than doubled. Relative to earnings, stocks are trading at very high levels, historically speaking, and investors are borrowing record amounts of money to buy these stocks. On the basis of optimistic assumptions for revenues and profits, A.I.-related companies are raising enormous sums of money, in many cases from one another. And despite the revenues from Trump’s tariffs, the U.S. government is running a budget deficit of close to six per cent of G.D.P.

    Whether one categorizes this situation as a financial boom or a bubble is largely a matter of terminology. The key point is that the financial system is vulnerable to unexpected disruptions, and, as the Bank of England recently noted, the risks are rising. Conceivably, a shock could emerge from the A.I. complex, or from the private-credit sector—where hedge funds, private-equity firms, and other non-bank lenders have been expanding their lending very rapidly—or from Trump himself, as he moves to extend his power over the Fed, an institution whose independence many investors, here and abroad, regard as the primary guarantor of financial stability. Powell’s term as Fed chair ends in May, and Trump is set to announce a replacement early in the New Year. Kevin Hassett, who heads the National Economic Council at the White House, and frequently appears on television defending Trump’s policies, is the favorite to get the job—despite rumblings on Wall Street that he would be too much of a patsy.

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  • Ontario’s new pay transparency rules will shake up hiring – MoneySense

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    Pay transparency laws are gaining traction across North America, with similar rules already in place in other provinces like B.C. and Prince Edward Island, as well as parts of the U.S.   

    Pay transparency can help level the hiring field

    Some of the key changes coming to Ontario on Jan. 1, 2026, include requirements that employers with more than 25 employees post compensation ranges in publicly advertised job postings and disclose the use of AI in screening, assessing, or selecting applicants.

    “It just overall puts employees and workers in a better position to have that information coming in and to know what a position pays before they decide to apply for it,” said Nora Jenkins Townson, the founder of HR consultancy Bright + Early. “From an employee perspective, I think having a solid understanding of how compensation works at the organization, how those decisions are made, what the ranges are … it’s just a lot fairer, it takes us away from that ‘squeaky wheel gets the grease’ scenario.”

    She said pay transparency can help level the playing field by aligning compensation to a specific job and level of output, creating a more objective system compared with subjective aspects like an employee’s relationship to their manager. She added that companies that have not done the foundational work to develop compensation strategies are “scrambling to catch up.”

    “You can’t really just add a number to a job posting. You need accurate, researched market data. You need a philosophy as to where you pay within that data and why,” Jenkins Townson said. However, she said in other markets where pay transparency rules are already in place, some employers try to sidestep the rules by making pay ranges on job postings very wide.

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    New rules limit pay-range gaps

    Ontario’s upcoming rules stipulate that the annual salary range on a posting must not exceed a gap of $50,000, unless the job pays more than $200,000, or where the top end of the range is more than $200,000.

    Deb Bottineau, managing director at Robert Half Canada, said the new pay transparency rules are a “pretty significant step forward.”

    “It’s going to equalize the playing field,” she said. “That impact will be not only for those applying to positions, but it also creates a greater landscape of accountability and awareness for internal employees as it relates to pay rate ranges and compensation.” It may also help narrow gender or racial pay gaps that exist.

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    The changes may also push business leaders to take stock of what other firms pay for similar positions or risk having trouble attracting and retaining talent, Bottineau said.

    Most job seekers welcome pay transparency

    Data released in November from Indeed found 83% of respondents across B.C., Ontario, and Quebec view the changes positively. The survey was conducted online between Sept. 29 and Oct. 3 and polled 900 individuals. Seventy-three per cent said they would be more likely to apply for a job that included a pay range.

    With employers having to disclose in job postings where AI is being used, Bottineau said the human element in the hiring process will also become more important for companies to maintain their “brand impression” and ability to attract talent.

    “When candidates are applying to jobs, and it’s taking multiple steps before they’re engaging with a human in that process, that gap can be felt both for the employee and the employer,” she said. “I think we’re going to continue to hear a lot of conversation as we head into the new year about the role of AI in recruitment practices. How do we create the right balance so the employer brand (and) the candidate experience are all kept top of mind?”

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    About The Canadian Press

    The Canadian Press is Canada’s trusted news source and leader in providing real-time stories. We give Canadians an authentic, unbiased source, driven by truth, accuracy and timeliness.

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  • Employers added 64,000 jobs in November, but the unemployment rate jumps to highest in four years

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    Employers across the U.S. added 64,000 jobs in November, beating economists’ forecasts, new government data shows, even as fresh October figures revealed a loss of 105,000 jobs, a sign the labor market remains under pressure.

    The unemployment rate in November rose to 4.6%, the highest level since September 2021.

    The November employment report offers a fresh picture of the labor market after a six-week blackout in official data caused by the recent government shutdown.

    By the numbers

    Economists had forecast payroll gains of 40,000 jobs in November, according to a poll by FactSet. 

    The Labor Department on Tuesday also released partial employment data from October, which shows a loss of 105,000 jobs that month. Analysts had expected the October data might be weak, due to federal deferred resignation buyout offers, according to FactSet.

    Job growth for August and September was also revised down by a collective 33,000.

    The government’s official employment data for October and November had been delayed due to the 43-day government shutdown, which ended in last month.

    In the absence of federal data, economists at the Federal Reserve and on Wall Street had been monitoring alternative sources, which have signaled ongoing headwinds in the labor market. For instance, ADP earlier this month said private-sector employers in the U.S. cut 32,000 jobs in November, while outplacement firm Challenger, Gray & Christmas has tracked more than 1.1 million layoffs so far this year.

    Economic uncertainty has led workers to stay put and employers to pull back on hiring, creating a difficult situation for job seekers, especially those early in their careers.

    The labor market is slowly cooling, Federal Reserve Bank of New York president John C. Williams said in a speech Monday.

    “I should emphasize that this has been an ongoing, gradual process, without signs of a sharp rise in layoffs or other indications of rapid deterioration,” Williams said. But, he added, “Job growth has been anemic.”

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  • This new homeless navigation center’s unique tiered approach is geared toward reaching self-sufficiency

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    Some might say the new Aurora Regional Navigation Campus that opened recently in a former 255-room hotel is undergirded by one of humanity’s seven deadly sins — envy.

    The intent is to turn that feeling into a motivational force. For his part, Mayor Mike Coffman prefers to refer to the three-tiered residential system at the homeless navigation center as an “incentive-based program” — one that awards increasingly comfortable living quarters to those showing progress on their journey to self-sufficiency.

    “The notion here is (that) different standards of living act as an incentive,” Coffman said in early November during a ribbon-cutting ceremony for the campus, which occupies a former Crowne Plaza Hotel at East 40th Avenue and Chambers Road. “The idea is to move up the tiers into much better living situations.”

    Clients in the new facility, which opened its doors on Nov. 17, start at the bottom with a cot and a locker. They can eventually migrate to a hotel room, with a locking door and a private bathroom.

    But that upgrade comes with a price.

    “To get a room here, you have to be working full time,” Coffman said.

    It’s an approach that the mayor says threads the needle between housing-first and work-first, the two prevailing strategies for addressing homelessness today. The housing-first approach emphasizes getting someone into a stable home before requiring employment, sobriety or treatment. A work-first setup conditions housing on a person finding work and seeking help with underlying mental health and addiction problems.

    “We’re providing a continuum of services that starts with an emergency shelter,” said Jim Goebelbecker, the executive director of Advance Pathways.

    Advance Pathways, the nonprofit group that ran the Aurora Resource Day Center before its recent closure, was chosen through a competitive bidding process to operate the new navigation campus in Aurora — with $2 million in annual help from the city. Goebelbecker said the tiered approach at the new facility “taps into a person’s motivation for change.”

    The Aurora Regional Navigation Campus’ debut nearly completes a mission that has been in the works for more than three years. It is the fourth — and penultimate — metro Denver homeless navigation center to go online since the Colorado General Assembly passed House Bill 1378 in 2022.

    The bill allocated American Rescue Plan Act dollars to stand up one central homeless navigation center. The plan has since shifted to five smaller centers, with locations in Aurora, Lakewood, Boulder, Denver and Englewood. The Colorado Department of Local Affairs in late 2023 approved $52 million for the centers. The final center, the Jefferson County Regional Navigation Campus in Lakewood, is undergoing renovations and will open next year.

    Aurora’s center, with 640 beds across its three tiered spaces, is by far the largest of the five facilities.

    Cathy Alderman, a spokeswoman for the Colorado Coalition for the Homeless, said the opening of Aurora’s navigation campus is “a really big deal.” Aside from serving its own clientele, she expects the center to send referrals to the coalition’s newly opened Sage Ridge Supportive Residential Community near Watkins, where people without stable housing go to address their substance-use disorders.

    According to the Metro Denver Homeless Initiative’s one-night count in late January, Aurora had 626 residents without a home — down from 697 in 2024 but up sharply from 427 five years ago.

    “A person can go to one place and get multiple needs met,” Alderman said, referring to the array of job, medical and addiction treatment services that give homeless navigation centers their name. “We are excited that the new campus is now up and running.”

    The new Aurora Regional Navigation Campus, operated by Advance Pathways, photographed in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)

    ‘How do I move up?’

    Walking into the Aurora Regional Navigation Campus feels like walking into, well, a hotel.

    The swimming pool was removed during renovation, as was a water fountain in the lobby. Everything else stayed, including beds, bedding, furniture — even a stash of bottled cocktail delights. But not the alcohol to go with it.

    “They left everything, down to the forks and knives and a wall of maraschino cherries,” said Jessica Prosser, Aurora’s director of housing and community services, as she walked through the hotel’s industrial kitchen.

    The kitchen, which was part of the $26.5 million sale of the Crowne Plaza Hotel to Aurora last year, was a godsend to an operation tasked with serving three meals a day to hundreds of people. The city spent another $13.5 million to renovate the building.

    “To build a new commercial kitchen is a half-million dollars, easy,” Prosser said.

    The layout of the navigation center was deliberate, she said. The hotel’s convention center space is now occupied by Tier I and Tier II housing. The first tier is made up of nearly 300 cots, divided by sex. There are lockers for personal belongings and shared bathrooms. Anyone is welcome.

    On the other side of a nondescript wall is Tier II, which is composed of a grid of 114 compartmentalized, open-air cubicles with proper beds and lockable storage. The center assigns residents in this tier case managers to help them treat personal challenges and get on the path toward landing a job.

    Tier 2 Courage space, an overnight accommodation for people who are working on recovery, employment and housing pathways at the new Aurora Regional Navigation Campus in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)
    The Tier II “Courage” space, which offers overnight accommodation for people who are working on recovery, employment and housing pathways at the new Aurora Regional Navigation Campus in Aurora, on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)

    Tier III residents live in the 255 hotel rooms. They must have a full-time job and are required to pay a third of their income to the program. Residents in this tier will typically remain at Advance Pathways for up to two years before they have the skills and stability to find housing on the outside, Goebelbecker said.

    People living in the congregate tiers can house their dogs in a pet room, which can accommodate 40 canines. (No cats, gerbils or fish). The center also doesn’t accept children. Around 60 staff members, plus 10 contracted security personnel, will work at the facility 24/7.

    Shining a bright light on the path forward and upward inside the facility — the windows of some of the coveted private rooms are fully visible from the lobby — is an “intentional design feature,” Prosser said.

    “How do I move up?” she mused, stepping into the shoes of a resident eyeing the facility’s layout. “How do I get in there?”

    The Tier 3 Commitment space, private rooms which will serve people who are in the workforce that are building towards independence, seen at the new Aurora Regional Navigation Campus in Aurora on Thursday, November 6, 2025. (Photo by Andy Cross/The Denver Post)
    The Tier III “Commitment” space, which provides private rooms that will serve people who are in the workforce and are building towards financial independence, seen at the new Aurora Regional Navigation Campus in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)

    It’s a system that demands something of the people using it, Coffman said, while at the same time providing the guidance and help that clients will need.

    “This is not just maintaining people where they are — this is about moving people forward,” the mayor said.

    The approach is familiar to Shantell Anderson, Advance Pathways’ program director. She told her life story during the ribbon-cutting ceremony, bringing tears to the eyes of some in the audience.

    A native of Denver’s Park Hill neighborhood, Anderson fell in with the wrong crowd. She became pregnant at 15 and got hooked on cocaine. She spiraled into a life on the streets that resulted in her children being sent to an aunt for caretaking.

    But through treatment and by intersecting with the right people, she recovered. She earned a nursing degree and worked at RecoveryWorks, a nonprofit organization that operated a day shelter in Lakewood, before taking the job at Advance Pathways.

    The Tier 1 Compassion emergency shelter for immediate short-term shelter for those in need at the new Aurora Regional Navigation Campus in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)
    The Tier I “Compassion” emergency shelter, which provides immediate short-term shelter for those in need at the new Aurora Regional Navigation Campus in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)

    “This is a system that honors people’s dignity,” Anderson said, her voice heavy with emotion.

    In an interview, she said assuming the burden to improve her situation was critical to her transformation.

    “I actually did that — no one gave me anything,” said Anderson, 48. “If it was handed to me, I didn’t appreciate it.”

    How much responsibility to place on the people being helped by such programs is still a matter of intense debate by policymakers and advocates for homeless people. The housing-first approach favored by Denver and many big cities across the country is anchored in the idea that work or treatment requirements will result in many people falling through the cracks and staying outside, particularly those who face mental-health challenges.

    The Bridge House in Englewood, one of the five metro area navigation centers, follows a “Ready to Work” model that is similar to that of the upper tiers of the Aurora Regional Navigation Campus.

    Opened in May, the Bridge House has 69 beds. CEO Melissa Arguello-Green said the organization asks its clients (called trainees) to put skin in the game by landing a job with Bridge House’s help and then contributing a third of their paycheck as rent.

    “We help them find employment through our agency so they can leave our agency,” she said. “We’re looking for self-sufficiency that will get people off system support.”

    Arguello-Green said she would like to see more coordination between the metro’s five navigation centers, though she acknowledged it’s still in the early going.

    “We’re missing that come-to-the-table collaboration,” she said.

    Volunteer outreach coordinator for Advance Pathways, Evan Brown, oraganizes the clothing bank before the Aurora Regional Navigation Campus grand opening ceremony in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)
    Advance Pathways volunteer outreach coordinator Evan Brown organizes the clothing bank before the Aurora Regional Navigation Campus’ grand opening ceremony in Aurora on Thursday, Nov. 6, 2025. (Photo by Andy Cross/The Denver Post)

    Homeless numbers still rising

    Shannon Gray, a spokeswoman for the Colorado Department of Local Affairs, said her department had started convening quarterly in-person meetings across the locations.

    “While each navigation campus is unique and reflects community-specific strategies, they are all a part of a regional effort to bring external partners together onsite to provide needed services and referrals,” Gray said. Together, they are “building towards a larger regional system to connect homeless households to a larger network of opportunities.”

    The centers are permitted to “tailor their approach to their unique needs and vision,” she said. While Englewood and Aurora use a tiered system, Gray said, the other three centers don’t.

    “It is important to understand that DOLA serves as a funder for these regional navigation campuses — we do not oversee their operation or maintenance,” she said.

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  • Employee Holiday Wishes Include More Money and New Jobs. Here’s How to Handle It

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    Though holiday season spirits are usually merry and bright, concerns about the economy and labor market are leaving many people feeling a lot gloomier. In addition to surveys reflecting how tough it has become to land a new job, a huge majority of employees questioned also said their current work doesn’t pay enough to keep up with the cost of living. Business owners should know their companies aren’t the only ones pulled by economic riptides.

    A recently released poll of 1,200 employees by job posting platform Monster found a whopping 95 percent of respondents reporting their “wage has not kept up with inflation,” and no longer covers their fixed living costs. Only 9 percent of those participants said they’d received a raise in recent months to help them keep pace with rising prices. That led 75 percent of workers questioned saying they’d cut out nonessential expenses — up from 64 percent this time last year — and 42 percent saying they’d taken on debt to finance spending they had made.

    In response to that financial pinch, 56 percent of poll participants said they’d begun looking for higher paying work to stay above water. Yet at the same time nearly 70 percent of respondents acknowledged it has gotten harder to find new opportunities — up from 57 percent last year. Meanwhile, another 50 percent said they worried about losing the jobs they have, as employers cut costs and reconfigure workforces. The reduced headcounts and increased workloads can amplify feelings of burnout and hurt productivity.

    Those concerns are backed up results of other surveys. For example, 49 percent of employees answering a poll by remote and hybrid work posting platform Flexjobs said they were worried being laid off. Moreover, 26 percent of those respondents said fears about losing their jobs were higher than they were just six months ago.

    But that doesn’t mean participants — many of whom complained of burnout, blocked career advancement, or pay levels outstripped by inflation — are enthusiastic about the jobs they have. Fully 93 percent of participants said they’d be eager to ditch current employers for more fulfilling opportunities or increased pay, but acknowledged under acute financial pressures made them stay put.

    A similar willingness to seek jobs paying above cost of living levels voiced in the Monster survey led authors of the report on its findings to warn employers that those attitudes may eventually affect staff stability if left unaddressed.

    “With nearly all workers reporting that their wages are not keeping pace with inflation, the cost-of-living crisis is redefining both financial stability and career choice,” the report noted, warning the survey’s results underlined a “disconnect between wages and economic reality” today.

    “Employees are increasingly open to leaving jobs for higher pay, while financial stress is contributing to lower productivity and higher burnout,” the report continued. “For employers, this signals an urgent need to revisit compensation strategies, benefits, and support systems — or risk losing talent to competitors.”

    There is a caveat in that, however — and it’s a big one for employers.

    Company hiring rates have been virtually flat since May. And despite the most recent data in August showing the unemployment rate was a relatively low 4.3 percent, anemic job creation has most employees hanging on tightly to keep work they have. Trading up for higher wages or better career opportunities is no longer an option for most people.

    Meanwhile, if the labor market looks grim for workers who already have jobs, it’s even more foreboding for people entering the labor market, especially recent college graduates and students preparing to pocket their diplomas.

    According to a recent survey by the National Association of Colleges and Employers, companies that have been slashing entry-level positions and using artificial intelligence tools to perform those work tasks iaren’t expecting to reverse course soon.

    The organization’s poll found “employers are projecting just a 1.6 percent increase in hiring for the Class of 2026 when compared to the Class of 2025,” a report on the results said. As a result, 51 percent of business respondents evaluated the current labor market for those younger job hunters as either poor or fair — the highest level since 2020 when 65 percent participants described it that way.

    As a result, a lot of people may be putting finding a new job, or hanging on to the one they have, at the very top of their holiday wish lists, but without being terribly confident they’ll get what they want.

    The final deadline for the 2026 Inc. Regionals Awards is Friday, December 12, at 11:59 p.m. PT. Apply now.

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    Bruce Crumley

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  • Verizon CEO Dan Schulman says the company is cutting 13,000 jobs

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    Verizon CEO Dan Schulman said in a Nov. 20 letter to employees that the wireless telecom is cutting 13,000 employees, or about 13% of its workforce, as it seeks to “evolve as a company” by slashing costs and restructuring operations. 

    The company employed 99,600 workers at the end of 2024, according to its most recent annual report.

    “Our current cost structure limits our ability to invest significantly in our customer value proposition,” prompting the need to “evolve as a company,” Schulman wrote in the letter, which was posted on Verizon’s website. 

    Schulman, who was tapped to lead Verizon in October after serving as a board member since 2018, is charged with integrating Frontier Communications after its $20 billion purchase is set to close in early 2026. Verizon said the deal, which was announced in 2024, will support its push into artificial intelligence as well as connected smart devices.

    Before stepping in as Verizon’s CEO, Schulman served as PayPal’s chief executive and held senior leadership roles at AT&T, Priceline, Virgin Mobile and American Express.

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