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Tag: Jobs and careers

  • Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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    BANGKOK — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.

    “The core thesis is simple. Intelligence tools have changed what it means to build and run a company,” Jack Dorsey said in a letter to shareholders in Block, the parent company to online payment platforms such as Square and Cash App. “A significantly smaller team, using the tools we’re building, can do more and do it better,” he said.

    Dorsey’s comments explicitly naming AI as a key driver behind the move were also posted on X, or Twitter, a company he co-founded. The assertion that the job cuts will add to Block’s profitability and efficiency led investors to jump in and buy, analysts said.

    Block’s shares gained 5% Thursday to $54.53, before it reported its earnings. They shot up to nearly $69 in after-hours trading. The mobile payments services provider reported its fourth quarter gross profit jumped 24% from a year earlier.

    “For years, we have debated whether AI would dent jobs at the margin. Now we have a public case study in which the CEO explicitly says that intelligence tools have changed what it means to build and run a company,” Stephen Innes of SPI Asset Management said in a commentary.

    “Other large employers have announced tens of thousands of cuts in recent months. Some have downplayed the AI link. Block did not,” he said.

    A global technology company founded in 2009, San Francisco-based Block operates in the United States, Canada, parts of Europe, Australia and Japan.

    In a post on Twitter, Dorsey outlined various ways the company will support those laid off. For employees overseas, the terms might differ, he said.

    It was unclear which employees would be laid off where.

    Layoffs by American companies remain at relatively healthy levels, but the job cuts at Block are the latest among thousands announced in recent months.

    A number of other high-profile companies have announced layoffs recently, including UPS, Amazon, Dow and the Washington Post.

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  • Why adults pursuing career growth or personal interests are the ‘new majority’ student

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    FLAGSTAFF, Ariz. — Interested in starting a business, learning about artificial intelligence or exploring a new hobby? There’s a class for that.

    Millions of U.S. adults enroll in credit and non-credit college courses to earn professional certificates, learn new skills or to pursue academic degrees. Some older students are seeking career advancement, higher pay and job security, while others want to explore their personal interests or try new things.

    “They might have kids, they might be working full-time, they might be older non-traditional students,” said Eric Deschamps, the director of continuing education at Northern Arizona University in Flagstaff, Arizona. But returning to school “opens doors to education for students that might not have those doors open to them otherwise.”

    Older students, many of whom bring years of work and life experience to their studies, often are juggling courses with full-time jobs, caregiving and other family responsibilities. It is a challenging balancing act but can also sharpen priorities and provide a sense of fulfillment.

    Here’s what experts have to say about returning to school, what to consider beforehand and how to balance coursework with work and personal commitments.

    UCLA Extension, the continuing education division of the University of California, Los Angeles, offers more than 90 certificate and specialization programs, from interior design, early childhood education and accounting to photography, paralegal studies and music production. Individual courses cover a wide range of topics, including retirement planning, writing novels, the business of athletes and artists, and the ancient Japanese art of ikebana, or flower arranging.

    About 33,500 students — nearly half of them older than 35 — were enrolled during the last academic year. UCLA reported a full-time enrollment of about 32,600 degree-seeking undergraduate students during the same period.

    “I prefer calling our (adult) learners not only continuous, but the new majority student. These are learners who tend to already be employed, often supporting a family, looking for up-skilling or sometimes a career change,” Traci Fordham, UCLA’s interim associate dean for academic programs and learning innovation, said.

    Higher education experts say some adults take classes for professional development as economic concerns, technological advances and other workforce changes create a sense of job insecurity.

    “A great example of that is artificial intelligence. These new technologies are coming out pretty quickly and for folks that got a degree, even just 5 or 10 years ago, their knowledge might be a little bit outdated,” Deschamps said.

    Adults interested in becoming students again may want to assess their time and budgets, and weigh the potential benefits and consequences, including the financial impact, the potential for burnout and rewards of education that may take a while materialize, academic advisors say.

    Deschamps suggests asking where you want to be in 5 or 10 years and how the training and knowledge received through an additional class or certificate can help get you there. For example, if you want to start a microbrewery, learning to brew your own beer or launching a business will help. If a promotion or career change is the goal, training for a new job, refreshing skills or understanding a different industry may help show you are qualified.

    Schools like UCLA and Northern Arizona University are working to make continuing education courses accessible by keeping the cost low in comparison to degree-track classes and offering financial assistance. A variety of learning environments usually are offered — in-person and online classes, accelerated and self-paced instruction — to help adults integrate schoolwork with their home and work lives.

    Katie Swavely, assistant director for academic advising and student success at UCLA, started at community college before transferring to UCLA to study anthropology. She said it took her 10 years after graduating to go back for her master’s degree in counseling with a focus on academic advising. Swavely completed that degree in 2020 and credits access to the program through employer-sponsored tuition assistance from her job at the time.

    “I felt like in so many ways I didn’t really know who I was or what I wanted to do other than just pay the bills and survive,” said Swavely, who is married and has two children. “It was hard. And I thought about quitting many times. We had to budget to the extreme and find additional ways to make it work.”

    She added: “There are questions of how are we going to make it work and do we have the money. As a parent, sacrifices are there all the time. You make those judgment calls every day. But making sure that you’re investing in yourself. There’s always gonna be reasons why it’s not today, not this month, not this year, but it’s also OK to just jump in and go for it and see how it works out.”

    As an avid book lover, Swavely now wants to take a book editing course and hopes to continue her education and enroll in that through the university soon.

    Some experts say one of the main barriers to returning to school is psychological. There might be concerns that their writing skills are rusty and that they don’t know enough math or technology, bringing up feelings of uncertainty or failure.

    “I think this is tied to access. Many of our learners, not all of them, haven’t imagined themselves in any kind of higher education, post-secondary education environment,” Fordham said.

    Swavely said it was important for her to build a support network and take advantage of the counseling and advising options that were available to her as a student.

    She encourages adults who are furthering their educations to spend time “finding your community.” Having people around who helped build up her confidence at home and during classes got her through graduate school, Swavely said. She also suggests setting boundaries and giving yourself grace when you need need help.

    “The biggest piece of advice is for people to realize you’re never too old to learn,” she said.

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  • Met Opera’s 2026-27 season has 17 productions, its fewest in at least 60 years

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    NEW YORK — Despite encouraging box office figures for the season’s first half, the financially strapped Metropolitan Opera scaled back its 2026-27 schedule with its fewest productions in at least 60 years.

    The Met announced Thursday it will present 17 productions, its lowest total in a non-truncated season since the company moved to Lincoln Center in 1966. There are just five new stagings, and revivals of three popular operas account for 71 of the 187 individual opera performances (38%): Puccini’s “Tosca” and “La Bohème,” and Verdi’s “Aida.”

    “It makes more sense for us, and this is an experiment — to present these works in extended runs,” Met general manager Peter Gelb said. “And by double-casting them, it also is more economic in terms of how many different shows are playing in one week.”

    Ticket sales of 72% this season are up from 70% in the first half of 2024-25.

    “Basically, it’s back to pre-pandemic levels,” Gelb said. “We’re not grossing as much money because the average price per ticket is slightly less than it was, because we have a younger audience and more discounted tickets.”

    Mason Bates’ “The Amazing Adventures of Kavalier & Clay,” which opened the current season in its world premiere, sold 84% of tickets in a success rate that prompted the Met to schedule an extra four performances this month.

    “One of my goals at the Met is to stimulate new audiences with new works,” Gelb said. “This one was one of the most successful we’ve presented so far.”

    “Kavalier” was followed by an English-language holiday time staging of Mozart’s “The Magic Flute” (83%), Bellini’s “I Puritani” (82%), Puccini’s “Turandot” (77%), Puccini’s “Madama Butterfly” (74%), “The Gershwin’s Porgy and Bess” (73%), and Donizetti’s “La Fille du Régiment,” Bizet’s “Carmen,” Bellini’s “La Sonnambula” and “Bohème” (68% each).

    Lagging were Mozart’s “Don Giovanni” and Strauss’ “Arabella” (64% each) and Giordano’s “Andrea Chenier” (57%).

    Next season opens on Sept. 22 with a new production of Verdi’s “Macbeth” starring soprano Lise Davidsen and directed by Louisa Proske.

    Composer Missy Mazzoli’s “Lincoln in the Bardo,” based on George Saunders’ novel, has its world premiere on Oct. 19 and stars Christine Goerke, Stephanie Blythe, Anthony Roth Costanzo and Peter Mattei in a staging directed by Lileana Blain-Cruz.

    There are three new-to-the Met productions: Janáček’s “Jenůfa” starring Asmik Grigorian in a Claus Guth staging that debuted at London’s Royal Opera in 2021 (Nov. 16); Puccini’s “La Fanciulla del West” with Sondra Radvanovsky and SeokJong Baek in a Richard Jones staging that premiered at the English National Opera in 2014 (Dec. 31); and the company premiere of Kevin Puts’ “Silent Night” featuring Elza van den Heever and Rolando Villazon in a James Robinson staging first seen at the Houston Grand Opera last month (March 8, 2027).

    A gala with more than two dozen stars is scheduled for May 25, 2027, to mark the company’s 60th season at Lincoln Center.

    “We’re in a kind of golden age of opera singing,” Gelb said. “The only difference between today and 30 or 40 years ago is that 30 or 40 years ago opera was much more in the cultural mainstream.”

    “Lincoln” was not included among the eight simulcasts to move theaters due to a post-pandemic drop in audience.

    “A title that is unknown, even with whatever maximum efforts of marketing and publicity that are done, will underperform to a degree where it is not really financially viable for the movie theaters or for us,” Gelb said.

    A Simon McBurney staging of Mussorgsky’s “Khovanshchina” was postponed as part of budget tightening that included 22 layoffs and 4-15% temporary salary cuts.

    “Unfortunately, I have to wear two hats,” Gelb said. “I have to wear my artistic hat, and I have to wear my financial hat.”

    Next season will be Gelb’s 20th as general manager, and he says he intends to retire when his current contract expires in 2030.

    “That certainly is our current plan,” Gelb said.

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  • 2 Washington Post writers at the Olympics despite being laid off, say it was important to be there

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    CORTINA D’AMPEZZO, Italy — CORTINA D’AMPEZZO, Italy (AP) — Washington Post columnist Barry Svrluga was reporting from his first Winter Olympics when Lindsey Vonn left her hospital bed after a crash and returned to compete days later at the 2006 Turin Games.

    He is back in Italy two decades later at the Milan Cortina Games and was there again to write about it when Vonn ended up back in the hospital following another crash. Even though he’s losing his job.

    The Post announced two days before the Olympics opened last week that it was eliminating its sports section while laying off a third of its staff. Svrluga said the newspaper originally planned to send 14 staff members to these Games.

    With air tickets and accommodation already paid for, Svrluga is one of four of the paper’s journalists who decided to still come: He is in Cortina, Rick Maese is in Bormio, and Les Carpenter and national staffer Robert Samuels are in Milan.

    “They can take away our section,” Svrluga said, “but in a way, they can’t take away our spirit.”

    Of the four, Svrluga and Carpenter are being laid off. They came to their final assignment anyway.

    “I wanted to be occupied,” said Svrluga, who is at his 12th Games. “I love covering the Olympics. … I had Lindsey injured in Sestriere and then had her gold (Vancouver, 2010) and I’ve had every one of her Olympic races, whether they were successes or not. Same with (Mikaela) Shiffrin.”

    The first Olympics that Svrluga worked at was the 2004 Athens Summer Games and he was immediately struck by the way colleagues at the paper collaborated at such a big event.

    “It felt like a team sport for us and that benefited the section and the paper,” Svrluga said. “What we’re trying to do here is remind people — readers and decision makers — that these are a lot of committed people who were doing things for the right reasons.”

    Carpenter, the Post’s Olympics writer, is at his eighth Games. He’s been covering figure skating, speedskating and hockey.

    “The Post sports department always had such a great connection with its readers. I felt I had to stay to tell the story of this Olympics for them,” Carpenter said. “It’s what I’d want as a reader. If this is the end for Post sports, let’s give our most loyal readers our best.”

    Svrluga gave his readers — and the wider skiing community — reason for pause even before he got to Cortina.

    An extensive pre-Games interview with Shiffrin and her mother and coach, Eileen, turned into much more than an Olympic preview story when they revealed to Svrluga why Eileen was absent at the start of this World Cup season: She had been diagnosed with cancer and faced six weeks of treatments.

    “This was a very personal situation,” Svrluga said. “I’m thankful for them that they trusted me with the information. It’s their story to tell.”

    Changes across the industry have resulted in fewer American reporters attending events like the Olympics.

    “That’s tragic for readers,” Svrluga said, noting how the extra space in the reporters’ interview areas at the finish lines are “great for logistics and sad for the business.”

    Some of the people who Svrluga has reported on at the Olympics have reached out to him after word spread about the cuts at the Post. It’s happened back in Washington, too, he said.

    “People who have won World Series, people who own teams. I’ve been there 22 years, so you build relationships over time, even with people you battle with a little bit or you write something they don’t like. It’s still a human element to it,” Svrluga said. “So I’ve heard from more people than I can count.”

    But, Svrluga added, “You don’t want to be the story. You want to cover the story.”

    The Post’s executive editor, Matt Murray, called the layoffs painful but necessary.

    “You could argue maybe we’re in this position because we didn’t adapt or see what is coming next,” Svrluga said. “It’s obvious people get their news in different ways now. I’m ‘old school’ in one regard. … I hope that the people who are in their 20s and early 30s, like when I first went to the Olympics, are figuring out whatever’s next. I would love for it to include written storytelling, because that’s what I like to do.”

    Eliminating the Post sports section was a sharp blow since the department has hosted many well-known bylines through the years, including the likes of John Feinstein, Michael Wilbon, Shirley Povich, Sally Jenkins and Tony Kornheiser.

    Svrluga’s final column from these Games will mark his final story for the Post. In the meantime, he’s going to try and enjoy the Olympics — and being in Italy — more than he usually does while on assignment.

    “The red wine,” he said, “will flow.”

    ___

    AP Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics

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  • Did artificial intelligence really drive layoffs at Amazon and other firms? It can be hard to tell

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    The one thing N. Lee Plumb knows for sure about being laid off from Amazon last week is that it wasn’t a failure to get on board with the company’s artificial intelligence plans.

    Plumb, his team’s head of “AI enablement,” says he was so prolific in his use of Amazon’s new AI coding tool that the company flagged him as one of its top users.

    Many assumed Amazon’s 16,000 corporate layoffs announced last week reflected CEO Andy Jassy’s push to “reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.”

    But like other companies that have tied workforce changes to AI — including Expedia, Pinterest and Dow last week — it can be hard for economists, or individual employees like Plumb, to know if AI is the real reason behind the layoffs or if it’s the message a company wants to tell Wall Street.

    “AI has to drive a return on investment,” said Plumb, who worked at Amazon for eight years. “When you reduce head count, you’ve demonstrated efficiency, you attract more capital, the share price goes up.”

    “So you could potentially have just been bloated in the first place, reduce head count, attribute it to AI, and now you’ve got a value story,” he said.

    Plumb is atypical for an Amazon worker in that he’s also running what he describes as a “long shot” bid for Congress in Texas, on a platform focused on stopping the tech industry’s reliance on work visas to “replace American workers with cheaper foreign labor.”

    But whatever it was that cost Plumb his job, his skepticism about AI-driven job replacement is one shared by many economists.

    “We just don’t know,” said Karan Girotra, a professor of management at Cornell University’s business school. “Not because AI isn’t great, but because it requires a lot of adjustment and most of the gains accrue to individual employees rather than to the organization. People save time and they get their work done earlier.”

    If an employer works faster because of AI, Girotra said it takes time to adjust a company’s management structure in a way that would enable a smaller workforce. He’s not convinced that’s happening at Amazon, which he said is still scaling back from a glut of hiring during the COVID-19 pandemic.

    A report by Goldman Sachs said AI’s overall impact on the labor market remains limited, though some effects might be felt in “specific occupations like marketing, graphic design, customer service, and especially tech.” Those are fields involving tasks that correlate with the strengths of the current crop of generative AI chatbots that can write emails and marketing pitches, produce synthetic images, answer questions and help write code.

    But the bank’s economic research division said in its most recent monthly AI adoption tracker that, since December, “very few employees were affected by corporate layoffs attributed to AI,” though the report was published Jan. 16, before Amazon, Dow and Pinterest announced their layoffs.

    San Francisco-based Pinterest was the most explicit in asserting that AI drove it to cut up to 15% of its workforce. The social media company said it was “making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent. As a result, we’ve made the difficult decision to say goodbye to some of our team members.”

    Pinterest echoed that message in a regulatory disclosure that said the company was “reallocating resources to AI-focused roles and teams that drive AI adoption and execution.”

    Expedia has voiced a similar message but the 162 tech workers the travel website cut from its Seattle headquarters last week included several AI-specific roles, such as machine-learning scientists.

    Dow’s regulatory disclosures tied its 4,500 layoffs to a new plan “utilizing AI and automation” to increase productivity and improve shareholder returns.

    Amazon’s 16,000 corporate job cuts were part of a broader reduction of employees at the ecommerce giant. At the same time as those cuts, all believed to be office jobs, Amazon said it would cut about 5,000 retail workers, according to notices it sent to state workforce agencies in California, Maryland and Washington, resulting from its decision to close almost all of its Amazon Go and Amazon Fresh stores.

    That’s on top of a round of 14,000 job cuts in October, bringing the total to well over 30,000 since Jassy first signaled a push for AI-driven organizational changes.

    Like many companies, in technology and otherwise, but particularly those that make and sell AI tools and services, Amazon has been pushing its workforce to find more efficiencies with AI.

    Meta CEO Mark Zuckerberg said last week that 2026 will be when “AI starts to dramatically change the way that we work.”

    “We’re investing in AI-native tooling so individuals at Meta can get more done, we’re elevating individual contributors, and flattening teams,” he said on an earnings call. “We’re starting to see projects that used to require big teams now be accomplished by a single very talented person.”

    So far, Meta’s layoffs this year have focused on cutting jobs from its virtual reality and metaverse divisions. Also driving job impacts is the industry shifting resources to AI development, which requires huge spending on computer chips, energy-hungry data centers and talent.

    Jassy told Amazon employees last June to be “curious about AI, educate yourself, attend workshops and take trainings, use and experiment with AI whenever you can, participate in your team’s brainstorms to figure out how to invent for our customers more quickly and expansively, and how to get more done with scrappier teams.”

    Plumb was fully on board with that and said he demonstrated his proficiency in using Amazon’s AI coding tool, Kiro, to “solve massive problems” in the company’s compensation system.

    “If you weren’t using them, your manager would get a report and they would talk to you about using it,” he said. “There were only five people in the entire company that were a higher user of Kiro than I was, or had achieved more milestones.”

    Now he’s shifting gears to his candidacy among a field of Republicans in the Houston area looking to unseat U.S. Rep. Dan Crenshaw in the March primary.

    Cornell’s Girotra said it’s possible that increasing AI productivity is leading companies to cut middle management, but he said the reality is that those making layoff decisions “just need to cut costs and make it happen. That’s it. I don’t think they care what the reason for that is.”

    Not all companies are signaling AI as a reason for cuts. Home Depot confirmed on Thursday that it was eliminating 800 roles tied to its corporate headquarters in Atlanta, though most of the affected employees worked remotely.

    Home Depot’s spokesman George Lane said that Home Depot’s cuts were not driven by AI or automation but “truly about speed, agility” and serving the needs of its customers and front-line workers.

    And exercise equipment maker Peloton confirmed on Friday that it is reducing its workforce by 11% as part of a broader cost-cutting move under its CEO Peter Stern to pare down operating expenses.

    ——

    AP Retail Writer Anne D’Innocenzio contributed to this report.

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  • Another strike sends 31,000 Kaiser Permanente health care workers to picket lines

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    OAKLAND, Calif. — An estimated 31,000 registered nurses and other front-line Kaiser Permanente health care workers launched an open-ended strike this week in California and Hawaii to demand better wages and staffing from the health care giant.

    The picketing that began Monday marked the second major walkout in recent months by employees represented by the United Nurses Associations of California/Union of Health Care Professionals. A five-day strike in October ended with negotiations resuming, but talks broke down in December.

    This week the union accused Kaiser of refusing to return to national bargaining discussions.

    “We will continue to push Kaiser to stop their egregious unfair labor practices against the frontline workers who deliver the best care for their patients and billions in profit to do the right thing, and come back to the table to bargain in good faith,” the union bargaining committee said in a statement.

    Kaiser said Sunday that the union had agreed to return to local bargaining, even as workers moved forward with the strike. The company said it paused national bargaining last month after what it described as a threatening incident involving a union official.

    “Illegal threats are a line that cannot be crossed,” Greg Holmes, Kaiser’s chief human resources officer, said in a statement. “This union official’s actions have compromised the national bargaining process and undermined both parties’ ability to continue good-faith bargaining.”

    Those on strike, including pharmacists, midwives and rehab therapists, say wages have not kept pace with inflation and there is not enough staffing to keep up with patient demand.

    They are asking for a 25% wage increase over four years to make up for wages they say are at least 7% behind their peers.

    Kaiser Permanente had countered with a 21.5% increase over four years. The company says that represented employees earn, on average, 16% more than their peers, and it would have to charge customers more to meet strikers’ pay demand.

    Arezou Mansourian, a physician assistant on the bargaining team, told the San Francisco Chronicle that Kaiser has been unable to retain and recruit providers, which is impacting patient care. Medical staff have been leaving Kaiser for higher-paying jobs at other local hospitals, Mansourian said.

    She said the union’s fight for better working conditions will ultimately help patients as well.

    “We know it’s a pain right now, but it’s so that we can take care of you better in the future,” Mansourian told the Chronicle.

    The company said health clinics and hospitals will remain open during the strike, with some in-person appointments shifted to virtual appointments, and some elective surgeries and procedures being rescheduled.

    Kaiser Permanente is one of the nation’s largest not-for-profit health plans, serving 12.6 million members at 600 medical offices and 40 hospitals in largely western U.S. states. It is based in Oakland, California.

    In New York City, about 15,000 nurses who walked off the job headed back to the bargaining table earlier this month. The New York State Nurses Association said contract negotiations resumed with officials at the three private hospital systems impacted by the strike: Montefiore, Mount Sinai and New York-Presbyterian.

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  • He left the US for an internship. Trump’s travel ban made it impossible to return

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    The first time Patrick Thaw saw his University of Michigan friends together since sophomore year ended was bittersweet. They were starting a new semester in Ann Arbor, while he was FaceTiming in from Singapore, stranded half a world away.

    One day last June he was interviewing to renew his U.S. student visa, and the next his world was turned upside down by President Donald Trump’s travel ban on people from 12 countries, including Thaw’s native Myanmar.

    “If I knew it was going to go down this badly, I wouldn’t have left the United States,” he said of his decision to leave Michigan for a summer internship in Singapore.

    The ban was one of several ways the Trump administration made life harder for international students during his first year back in the White House, including a pause in visa appointments and additional layers of vetting that contributed to a dip in foreign enrollment for first-time students. New students had to look elsewhere, but the hurdles made life particularly complicated for those like Thaw who were well into their U.S. college careers.

    Universities have had to come up with increasingly flexible solutions, such as bringing back pandemic-era remote learning arrangements or offering admission to international campuses they partner with, said Sarah Spreitzer, assistant vice president of government relations at the American Council on Education.

    In Thaw’s case, a Michigan administrator highlighted studying abroad as an option. As long as the travel ban was in place, a program in Australia seemed viable — at least initially.

    In the meantime, Thaw didn’t have much to do in Singapore but wait. He made friends, but they were busy with school or jobs. After his internship ended, he killed time by checking email, talking walks and eating out.

    “Mentally, I’m back in Ann Arbor,” the 21-year-old said. “But physically, I’m trapped in Singapore.”

    When Thaw arrived in Ann Arbor in 2023, he threw himself into campus life. He immediately meshed with his dorm roommate’s group of friends, who had gone to high school together about an hour away. A neuroscience major, he also joined a biology fraternity and an Alzheimer’s research lab.

    His curiosity pushed him to explore a wide range of courses, including a Jewish studies class. The professor, Cara Rock-Singer, said Thaw told her his interest stemmed from reading the works of Philip Roth.

    “I really work to make it a place where everyone feels not only comfortable, but invested in contributing,” Rock-Singer said. “But Patrick did not need nudging. He was always there to think and take risks.”

    When Thaw landed his clinical research internship at a Singapore medical school, it felt like just another step toward success.

    He heard speculation that the Trump administration might impose travel restrictions, but it was barely an afterthought — something he said he even joked about with friends before departing.

    Then the travel ban was announced.

    Thaw’s U.S. college dream had been a lifetime in the making but was undone — at least for now — by one trip abroad. Stuck in Singapore, he couldn’t sleep and his mind fixated on one question: “Why did you even come here?”

    As a child, Thaw set his sights on attending an American university. That desire became more urgent as higher education opportunities dwindled after a civil war broke out in Myanmar.

    For a time, tensions were so high that Thaw and his mother took shifts watching to make sure the bamboo in their front yard didn’t erupt in flames from Molotov cocktails. Once, he was late for an algebra exam because a bomb exploded in front of his house, he said.

    So when he was accepted to the University of Michigan after applying to colleges “around the clock,” Thaw was elated.

    “The moment I landed in the United States, like, set foot, I was like, this is it,” Thaw said. “This is where I begin my new life.”

    When Thaw talked about life in Myanmar, it often led to deep conversations, said Allison Voto, one of his friends. He was one of the first people she met whose background was very different from hers, which made her “more understanding of the world,” she said.

    During the 2024-25 school year, the U.S. hosted nearly 1.2 million international students. As of summer 2024, more than 1,400 people from Myanmar had American student visas, making it one of the top-represented countries among those hit by the travel ban.

    A Michigan official said the school recognizes the challenges facing some international students and is committed to ensuring they have all the support and options it can provide. The university declined to comment specifically on Thaw’s situation.

    While the study abroad program in Australia sparked some hope that Thaw could stay enrolled at Michigan, uncertainty around the travel ban and visa obstacles ultimately led him to decide against it.

    He had left Myanmar to get an education and it was time to finish what he started, which meant moving on.

    “I cannot just wait for the travel ban to just end and get lifted and go back, because that’s going to be an indefinite amount of time,” he said.

    He started applying to colleges outside the U.S., getting back acceptance letters from schools in Australia and Canada. He is holding out hope of attending the University of Toronto, which would put his friends in Ann Arbor just a four-hour drive from visiting him.

    “If he comes anywhere near me, basically on the continent of North America, I’m going to go see him,” said Voto, whose friendship with Thaw lately is defined by daylong gaps in their text conversations. “I mean, he’s Patrick, you know? That’s absolutely worth it.”

    ___

    The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • US futures slip while world shares are mixed as Fed chair Powell faces legal threat

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    BANGKOK — U.S. futures sank Monday after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas.

    Markets in Europe were mostly lower after a broad rally in Asia.

    The threat of a criminal indictment over Powell’s testimony about the Fed’s building renovations is the latest escalation in President Donald Trump’s feud with the Fed. Trump has criticized the $2.5 billion renovation of two office buildings as excessive.

    Markets appeared to take the news in stride, although gold and other precious metals often used as a hedge in times of uncertainty climbed.

    The future for the S&P 500 declined 0.7% and that for the Dow Jones Industrial Average fell 0.6%. The future for the Nasdaq composite index slipped 1.1%.

    In Germany, the DAX was nearly flat at 25,265.46, while the CAC 40 in Paris shed 0.5% to 8,319.03. Britain’s FTSE 100 edged 0.1% lower, to 10,114.82.

    In Asian trading, Hong Kong’s Hang Seng gained 1.4% to 26,608.48, while the Shanghai Composite index jumped 1.1% to 4,165.29 after reports that Chinese leaders were preparing more help for the economy.

    Tokyo’s markets were closed for a holiday.

    In South Korea, the Kospi added 0.8% to 4,624.79, while Australia’s S&P/ASX 200 gained 0.5% to 8,759.40.

    Taiwan’s Taiex gained 0.9%.

    On Friday, U.S. stocks hit records following a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but does not slam the door on it.

    Powell’s term as chair ends in May, and Trump administration officials have signaled that he could name a potential replacement this month. Trump has also sought to fire Fed governor Lisa Cook.

    In a brief interview with NBC News Sunday, Trump insisted he didn’t know about the investigation into Powell. When asked if the investigation is intended to pressure Powell on rates, Trump said, “No. I wouldn’t even think of doing it that way.”

    The S&P 500 climbed 0.6% to 6,966.28, topping its prior all-time high set earlier in the week. The Dow Jones Industrial Average added 0.5% to 49,504.07, and likewise set a record.

    The Nasdaq composite led the market with a 0.8% gain, closing at 23,671.35.

    The U.S. Labor Department said employers hired fewer workers during December than economists expected, though the unemployment rate improved and was better than expected. It reinforced how the U.S. job market may be in a “ low-hire, low-fire” state and may hopefully avoid a recession.

    An update on U.S. inflation at the consumer level is due Tuesday, followed by a report on wholesale prices on Wednesday.

    In other dealings early Monday, the dollar fell to 157.77 Japanese yen from 158.03 yen.

    The euro climbed to $1.1690 from $1.1635 late Friday.

    U.S. benchmark crude oil gave up early gains, falling 12 cents to $59.00 per barrel. Brent crude, the international standard, shed 9 cents to $63.25 per barrel.

    The price of gold rose 2.3% and the price of silver jumped 6.3%. Copper was up 1.4%.

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  • Slightly more Americans file for jobless benefits in the last week of 2025

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    WASHINGTON — U.S. filings for jobless benefits rose in the last week of 2025 but remain historically low, despite signs that the labor market is weakening.

    The number of Americans filing for jobless claims for the week ending Jan. 3 rose by 8,000 to 208,000, up from 200,000 the previous week, the Labor Department reported Thursday. The figure was right in line with what analysts surveyed by the data firm FactSet were expecting.

    Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.

    The four-week average of claims, which softens some of the week-to-week volatility, fell by 7,250 to 211,750.

    The total number of Americans filing for jobless benefits for the previous week ending Dec. 27 jumped by 56,000 to 1.91 million, the government said.

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  • US applications for jobless benefits fell below 200,000 last week

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    WASHINGTON — Fewer Americans applied for unemployment benefits last week with layoffs remaining low despite a weakening labor market.

    U.S. applications for jobless claims for the week ending Dec. 27 fell by 16,000 to 199,000 from the previous week’s 215,000, the Labor Department reported Wednesday. Analysts surveyed by the data firm FactSet forecast 208,000 new applications.

    Unemployment benefit filings are often distorted during holiday-shortened weeks. The shorter week can cause some who have lost jobs to delay filing claims.

    The weekly report was released a day early due to the New Year’s Day holiday.

    Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.

    Earlier this month, the government reported that the U.S. gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration. That helped to push the unemployment rate up to 4.6% last month, the highest since 2021.

    The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of fiscal year 2025 on Sept. 30 under pressure from billionaire Elon Musk’s purge of U.S. government payrolls.

    Labor Department revisions also knocked 33,000 jobs off August and September payrolls.

    Recent government data has revealed a labor market in which hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump’s tariffs and the lingering effects of the high interest rates the Fed engineered in 2022 and 2023 to rein in an outburst of pandemic-induced inflation. Since March, job creation has fallen to an average 35,000 a month, compared to 71,000 in the year ended in March.

    Earlier this month, the Federal Reserve trimmed its benchmark lending rate by a quarter-point, its third straight cut.

    Fed Chair Jerome Powell said the committee reduced borrowing costs out of concern that the job market is even weaker than it appears. Powell said that recent job figures could be revised lower by as much as 60,000, which would mean employers have actually been shedding an average of about 25,000 jobs a month since the spring.

    Companies that have recently announced job cuts include UPS, General Motors, Amazon and Verizon.

    The Labor Department’s report Wednesday also showed that the four-week average of claims, which evens out some of the week-to-week volatility, rose by 1,750 to 218,7500.

    The total number of Americans filing for jobless benefits for the previous week ending Dec. 20 fell by 47,000 to 1.87 million, the government said.

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  • US unemployment claims fall again last week, remain at historically healthy level

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    WASHINGTON — The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.

    U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week’s 224,000, the Labor Department reported Wednesday. That’s below the 232,000 new applications forecast of analysts surveyed by the data firm FactSet.

    The weekly report was released a day early due to the Christmas holiday.

    Applications for unemployment aid are viewed as a proxy for layoffs and are close to a real-time indicator of the health of the job market.

    Last week, the government reported that the U.S. gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration.

    The unemployment rate rose to 4.6% last month, the highest since 2021.

    The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of fiscal year 2025 on Sept. 30 under pressure from billionaire Elon Musk’s purge of U.S. government payrolls.

    Labor Department revisions also knocked 33,000 jobs off August and September payrolls.

    Hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump’s tariffs and the lingering effects of the high interest rates the Fed engineered in 2022 and 2023 to rein in an outburst of pandemic-induced inflation. Since March, job creation has fallen to an average 35,000 a month, compared to 71,000 in the year ended in March.

    Earlier this month, the Federal Reserve trimmed its benchmark lending rate by a quarter-point, its third straight cut.

    Fed Chair Jerome Powell said the committee reduced borrowing costs out of concern that the job market is even weaker than it appears. Powell said that recent job figures could be revised lower by as much as 60,000, which would mean employers have actually been shedding an average of about 25,000 jobs a month since the spring.

    Companies that have recently announced job cuts include UPS, General Motors, Amazon and Verizon, but those workforce reductions can take months to show up in the government’s data.

    The Labor Department’s report Wednesday also showed that the four-week average of claims, which evens out some of the week-to-week volatility, fell by 750 to 216,750.

    The total number of Americans filing for jobless benefits for the previous week ending Dec. 13 rose by 38,000 to 1.92 million, the government said.

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  • Trump administration moves to overhaul how H-1B visas are granted, ending lottery system

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    WASHINGTON — The Department of Homeland Security said Tuesday it was replacing its longstanding lottery system for H-1B work visas with a new approach that prioritizes skilled, higher-paid foreign workers.

    The change follows a series of actions by the Trump administration aimed at reshaping a visa program that critics say has become a pipeline for overseas workers willing to work for lower pay, but supporters say drives innovation.

    “The existing random selection process of H-1B registrations was exploited and abused by U.S. employers who were primarily seeking to import foreign workers at lower wages than they would pay American workers,” said U.S. Citizenship and Immigration Services spokesman Matthew Tragesser.

    Earlier this year, President Donald Trump signed a proclamation imposing a $100,000 annual H-1B visa fee on highly skilled workers, which is being challenged in court. The president also rolled out a $1 million “gold card” visa as a pathway to U.S. citizenship for wealthy individuals.

    A press release announcing the new rule says it is “in line with other key changes the administration has made, such as the Presidential Proclamation that requires employers to pay an additional $100,000 per visa as a condition of eligibility.”

    Historically, H-1B visas have been awarded through a lottery system. This year, Amazon was by far the top recipient, with more than 10,000 visas approved, followed by Tata Consultancy Services, Microsoft, Apple and Google. California has the highest concentration of H-1B workers.

    The new system will “implement a weighted selection process that will increase the probability that H-1B visas are allocated to higher-skilled and higher-paid” foreign workers, according to Tuesday’s press release. It will go into effect Feb. 27, 2026, and will apply to the upcoming H-1B cap registration season.

    Supporters of the H-1B program say it is an important pathway to hiring healthcare workers and educators. They say it drives innovation and economic growth in the U.S. and allows employers to fill jobs in specialized fields.

    Critics argue that the visas often go to entry-level positions rather than senior roles requiring specialized skills. While the program is intended to prevent wage suppression or the displacement of U.S. workers, critics say companies can pay lower wages by classifying jobs at the lowest skill levels, even when the workers hired have more experience.

    The number of new visas issued annually is capped at 65,000, plus an additional 20,000 for people with a master’s degree or higher.

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  • Consumer confidence slides in December to lowest level since US tariffs rolled out

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    WASHINGTON — Consumers confidence in the economy was shaken in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs.

    The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of 92.9. That is close to the 85.7 reading from April, when Trump rolled out his import taxes on U.S. trading partners.

    A measure of Americans’ short-term expectations for their income, business conditions and the job market remained stable at 70.7, but still well below 80, the marker that can signal a recession ahead. It was the 11th consecutive month that reading has come in under 80.

    Consumers’ assessments of their current economic situation tumbled 9.5 points to 116.8.

    Write-in responses to the survey showed that prices and inflation remained consumers’ biggest concern, along with tariffs, despite repeated claims by President Trump that inflation is a hoax.

    Perceptions of the job market also declined this month.

    The conference board’s survey reported that 26.7% of consumers said jobs were “plentiful,” down from 28.2% in November. Also, 20.8% of consumers said jobs were “hard to get,” up from 20.1% last month.

    Last week, the government reported that the U.S. economy gained a healthy 64,000 jobs in November but lost 105,000 in October. Notably, the unemployment rate rose to 4.6% last month, the highest since 2021.

    The country’s labor market has been stuck in a “low hire, low fire” state, economists say, as businesses stand pat due to uncertainty over Trump’s tariffs and the lingering effects of elevated interest rates. Since March, job creation has fallen to an average 35,000 a month, compared to 71,000 in the year ended in March. Fed Chair Jerome Powell said recently that he suspects those numbers will be revised even lower.

    Despite the broad pessimism, the proportion of those surveyed who think a recession in the next year is is unlikely grew.

    The December survey showed that respondents’ views of their family’s current financial situation sank into negative territory for the first time in close to four years. On the flip side, expectations about their future financial situation were the most positive since January.

    Also Tuesday, the government reported that the economy expanded at a 4.3% annual rate in the third quarter, though economists expect a much more sluggish fourth quarter.

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  • WSJ’s parent firm on trial in Hong Kong, accused of dismissing reporter over union role

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    HONG KONG — A former Hong Kong reporter at the Wall Street Journal began testifying Monday against the newspaper she accuses of terminating her due to her union activities in a trial — a closely watched case that has raised concerns about press freedom in the city.

    Former WSJ reporter Selina Cheng, also chairperson of the trade union Hong Kong Journalists Association, launched a private prosecution against her ex-employer, Dow Jones Publishing Co. (Asia) Inc., the parent company of the Journal, after losing her job in July 2024.

    At that time, Cheng said she believed that the termination was linked to her refusal to comply with her former supervisor’s request to withdraw from the election for the union role, instead of the news outlet’s restructuring, as she was told.

    In the witness box, Cheng said her supervisor took issue with her running in the election.

    “She said my participation in the union election was problematic and she said she needed to discuss this with Wall Street Journal management in New York and also with legal,” Cheng said, referring to in-house lawyers at Dow Jones.

    Dow Jones faces two charges under the city’s Employment Ordinance. The company pleaded not guilty to both charges, each of which carries a maximum fine of 100,000 Hong Kong dollars (about $12,850).

    The first charge alleges the company had prevented or deterred an employee from exercising union participation rights. The second alleges the company had terminated employment, penalized, or discriminated against an employee for exercising those rights.

    Before Cheng’s testimony, Dow Jones representative Benson Tsoi last week accused her of abusing the criminal process and acting in bad faith when seeking to get the court to admit certain email exchanges. Tsoi highlighted emails showing Cheng had demanded 3 million Hong Kong dollars ($385,500) as settlement or reinstatement with a formal apology.

    Tsoi said while Cheng had told the Labor Tribunal she didn’t intend to settle out of court, the emails showed she had pressed for mediation with the company.

    Hong Kong, which returned to Chinese rule in 1997 after some 150 years under British control, was once considered a bastion of press freedom in Asia. Yet despite the Basic Law, the city’s mini-constitution which guarantees its Western-style civil liberties to be kept intact under a “one country, two systems” approach, the ability of the media to operate there has seen drastic changes.

    After Beijing imposed a national security law in 2020, two local news outlets known for critical coverage of the government, Apple Daily and Stand News, were forced to shut down following the arrest of their senior management, including Apple Daily publisher Jimmy Lai.

    Lai was convicted under the security law last Monday, facing up to life in prison. While the government insists his case has nothing to do with press freedom, rights groups expressed concerns. Amnesty International said the conviction “feels like the death knell for press freedom in Hong Kong.”

    Two former editors at Stand News were also convicted in August 2024, the first journalists found guilty of sedition under a separate law since the former British colony returned to Chinese rule.

    Cheng’s termination alarmed many journalists who are already operating in an increasingly restricted media environment in the city, where foreign outlets have traditionally faced less pressure than local news outlets.

    Hong Kong ranked 140th out of 180 countries and territories in Reporters Without Borders’ latest World Press Freedom Index, down from 80 in 2021.

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  • Walmart and other US companies want to build a pipeline of skilled tradespeople

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    BENTONVILLE, Ark. — As the number of skilled tradespeople dwindles in the United States, Walmart is trying to build up its own workforce to keep conveyor belts moving, refrigerated grocery cases cold, and drains and parking lots flowing.

    The nation’s largest retailer and private employer revamped its training program last year to increase the pipeline of maintenance technicians who do everything from repair equipment to electrical work at Walmart’s distribution centers and stores — jobs that have become increasingly difficult to fill because of a shrinking labor pool.

    The shortage has opened opportunities for people like Liz Cardenas, 24, who started at Walmart in May 2023 as an automation equipment operator at a distribution center in Lancaster, Texas, making sure boxes were securely taped and went through a conveyer belt upright. Today, she is responsible for fixing conveyor belts and other equipment when they break at distribution centers.

    Cardenas, who nearly doubled her hourly pay to $43.50 per hour, said she plans to pursue more training, which will mean an even higher salary and more responsibility. It also means financial freedom.

    “I was able to move out of my parents’ house,” she said. “I have my own apartment. I was able to get a car, and and I’m able to give more to my 401(k).”

    A surge of retirements, along with a slowdown in immigration that began during the pandemic but now is accelerating with President Donald Trump’s aggressive deportations, are among the main factors behind labor shortages that bedevil some employers, analysts say.

    But in skilled trades, the problem is even more acute. Consulting firm McKinsey analyzed 12 types of trade job categories, including maintenance technicians, welders, and carpenters, and predicted an estimated imbalance of 20 job openings for every one net new employee from 2022 to 2032.

    McKinsey noted “the extraordinary rate of churn” could cost companies more than $5.3 billion every year in talent acquisition and training costs alone.

    The shortages are happening as some companies are also laying off workers amid rising operational costs from new tariffs, shifting consumer spending and increased spending on artificial intelligence.

    Business Roundtable, a lobbying group of CEOs from roughly 150 companies representing millions of employees nationwide, launched in June a new initiative to address worker shortages in skilled trades, including maintenance technicians. The initiative, co-championed by home improvement retailer Lowe’s, entails working with elementary, middle and high schools to raise awareness.

    “While technology continues to evolve, it cannot replace plumbers, electricians, construction workers, maintenance and repair pros, or other tradespeople,” said Marvin Ellison, chairman and CEO of Lowe’s.

    For its part, Lowe’s in 2022 started a 90-day online training program for employees who want to pursue jobs like carpentry and utility maintenance. Separately, its charitable arm has invested $43 million since 2023 to 60 organizations including technical colleges and non-profit groups to help recruit and train skilled tradespeople like maintenance technicians and plumbers.

    Mervin Jebaraj of the University of Arkansas’s Walton College of Business in Fayetteville, Arkansas, noted these programs will help ease the shortages, but they won’t eliminate the gap, particularly given Trump’s clampdown on immigration.

    “For as long as somebody physically needs to fix this, the shortage will persist, even though on the margins it’ll mitigate some of the shortage,” he said. “We don’t have enough people.”

    Walmart CEO Doug McMillon recently told The Associated Press he believes part of the reason for the shortages is “lack of awareness.”

    “I think most Americans probably don’t know what a tech makes that helps take care of our stores and clubs and that we can help them learn how to be a tech,” he said. “So we have a need to get the word out so that people know there are some great jobs.”

    Walmart revamped its training program in the spring of 2024, focusing on its own workers with a tuition-free training initiative in the Dallas-Fort Worth area. This year, it added new training sites in Vincennes, Indiana, and Jacksonville, Florida. The initiative combines hands-on instruction and classroom learning in fields like heating, ventilation, air conditioning, electrical work, and general maintenance.

    As of mid-November, almost 400 employees had graduated from the program, Walmart said. With its first class of 108 associates who completed the Dallas/Fort Worth pilot program, every graduate secured a technician role, putting them on a path to earn an average of $32 per hour. Walmart said its goal is to put 4,000 workers through the training program by 2030.

    R.J. Zanes, vice president of facility services for the U.S. divisions of Walmart and Sam’s Club, said Walmart was able to attract workers from all over the country with different backgrounds, including employees running cash registers.

    Maintenance technician roles are crucial to keeping Walmart’s operations running smoothly, but especially so during the holiday season. For example, if a refrigeration system goes down within a Walmart store, it could cost up to $300,000 to $400,000 worth of lost product, according to Zanes.

    “We’ve got to stay out in front of that,” he said. “We have to ensure that we’ve got the right skills there to do preventative maintenance, and when we do have a breakdown, to make sure that we get it back up as fast as possible to minimize that cost of downtime.”

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  • Fewer Americans sought unemployment benefits last week as layoffs remain low

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    WASHINGTON — The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts.

    U.S. applications for unemployment benefits in the week ending Nov. 22 dropped 6,000 from the previous week to 216,000, the Labor Department reported Wednesday. The figure is below the 230,000 forecast by economists, according to a survey by data provider FactSet.

    Applications for unemployment aid are seen as a proxy for layoffs and are close to a real-time indicator of the health of the job market. The job cuts announced recently by large companies such as UPS and Amazon typically take weeks or months to fully implement and may not yet be reflected in the claims data.

    The four-week average of claims, which softens some of the week-to-week volatility, dropped 1,000 to 223,750.

    For now, the U.S. job market appears stuck in a “low-hire, low-fire” state that has kept the unemployment rate historically low, but has left those out of work struggling to find a new job.

    The total number of Americans filing for jobless benefits for the week ending Nov. 15 rose 7,000 to 1.96 million, the government said. The increase is a sign that the unemployed are taking longer to find new work.

    Last week, the government said that hiring picked up a bit in September, when employers added 119,000 new jobs. Yet the report also showed employers had shed jobs in August. And the unemployment rate ticked up to 4.4%, its highest level in four years, as more Americans came off the sidelines to look for work but did not all immediately find jobs.

    On Tuesday, the government reported that retail sales slowed in September after three months of healthy increases. Consumer confidence plunged to its second-lowest level in five years, while wholesale inflation eased a bit.

    The data suggests that both the economy and inflation are slowing, which boosted financial markets’ expectations that the Federal Reserve will reduce its key interest rate at its next meeting Dec. 9-10.

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  • Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

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    NEW YORK (AP) — It’s a tough time to be looking for a job.

    Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, sizable layoffs have continued to pile up — raising worker anxieties across sectors.

    Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or, as seen with big names like Amazon, are redirecting money to artificial intelligence.

    Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were cut by the thousands. And the record 43-day government shutdown also left many to work without paychecks.

    The impasse put key economic data on hold, too. In a delayed report released Thursday, the Labor Department said U.S. employers added a surprising 119,000 jobs in September. But unemployment rose to 4.4% — and other troubling details emerged, including revisions showing the economy actually lost 4,000 jobs in August. There’s also growing gender and racial disparities. The National Women’s Law Center notes women only accounted for 21,000 of September’s added jobs — and that Black women over the age of 20, in particular, saw unemployment climb to 7.5% for the month.

    The shutdown has left holes in more recent hiring numbers. The government says it won’t release a full jobs report for October.

    Here are some of the largest job cuts announced recently:

    Verizon

    In November, Verizon began laying off more than 13,000 employees. In a staff memo announcing the cuts, CEO Dan Schulman said that the telecommunications giant needed to simplify operations and “reorient” the entire company.

    General Motors

    General Motors moved to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio in late October, as the auto giant adjusts to slowing demand for electric vehicles. Hundreds of additional employees are reportedly slated for “temporary layoffs” at the start of next year.

    Paramount

    In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount plans to lay off about 2,000 employees — about 10% of its workforce. Paramount initiated roughly 1,000 of those layoffs in late October, according to a source familiar with the matter.

    In November, Paramount also announced plans to eliminate 1,600 positions as part of divestitures of Televisión Federal in Argentina and Chilevision in Chile. And the company said another 600 employees had chosen voluntary severance packages as part of a coming push to return to the office full-time.

    Amazon

    Amazon said last month that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spending on AI while trimming costs elsewhere. A letter to employees said most workers would be given 90 days to look for a new position internally.

    UPS

    United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts, which arrive amid wider shifts in the company’s shipping outputs. UPS also closed daily operations at 93 leased and owned buildings during the first nine months of this year.

    Target

    Target in October moved to eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally. The retailer said the cuts were part of wider streamlining efforts.

    Nestlé

    In mid-October, Nestlé said it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance amid headwinds like rising commodity costs and U.S. imposed tariffs. The Swiss food giant said the layoffs would take place over the next two years.

    Lufthansa Group

    In September, Lufthansa Group said it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial intelligence, digitalization and consolidating work among member airlines.

    Novo Nordisk

    Also in September, Danish pharmaceutical company Novo Nordisk said it would cut 9,000 jobs, about 11% of its workforce. The company — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring, as it works to sell more obesity and diabetes medications amid rising competition.

    ConocoPhillips

    Oil giant ConocoPhillips announced plans in September to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs. Between 2,600 and 3,250 workers were expected to be impacted, with most layoffs set to take place before the end of 2025.

    Intel

    Intel has moved to shed thousands of jobs — with the struggling chipmaker working to revive its business. In July, CEO Lip-Bu Tan said Intel expected to end the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the end of last year. The company previously announced a 15% workforce reduction.

    Microsoft

    In May, Microsoft began laying off about 6,000 workers across its workforce. And just months later, the tech giant said it would be cutting 9,000 positions — marking its biggest round of layoffs seen in more than two years. The company has cited “organizational changes,” but the labor reductions also arrive as the company spends heavily on AI.

    Procter & Gamble

    In June, Procter & Gamble said it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce. The maker of Tide detergent and Pampers diapers said the cuts were part of a wider restructuring — also arriving amid tariff pressures.

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  • Verizon is cutting more than 13,000 jobs as it works to ‘reorient’ entire company

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    NEW YORK (AP) — Verizon is laying off more than 13,000 employees in mass job reductions that arrive as the telecommunications giant says it must “reorient” its entire company.

    The job cuts began on Thursday, per to a staff memo from Verizon CEO Dan Schulman. In the letter, which was seen by The Associated Press, Schulman said Verizon’s current cost structure “limits” the company’s ability to invest — pointing particularly to customer experiences.

    “We must reorient our entire company around delivering for and delighting our customers,” Schulman wrote. He added that the company needed to simplify its operations “to address the complexity and friction that slow us down and frustrate our customers.”

    Verizon had nearly 100,000 full-time employees as of the end of last year, according to securities filings. A spokesperson confirmed that the layoffs announced Thursday account for about 20% of the company’s management workforce, which isn’t unionized.

    Verizon has faced rising competition in both the wireless phone and home internet space — particularly from AT&T, T-Mobile and other big market players. New leadership at the company has stressed the need to right the company’s direction.

    Schulman became CEO just last month. In the company’s most recent earnings, he stated that Verizon’s trajectory was at a “critical inflection point” — and said, rather than incremental changes, Verizon would “aggressively transform” its operations.

    For its third quarter of 2025, Verizon posted earnings of $4.95 billion and $33.82 billion in revenue. The carrier reported continued subscriber growth for its prepaid wireless services, but it lost a net 7,000 postpaid connections.

    News of coming layoffs at Verizon was reported last week by The Wall Street Journal. The outlet says that the 13,000 job cuts mark the largest-ever round of layoffs at the company.

    Beyond the cuts across Verizon’s workforce, Schulman said that the New York company would also “significantly reduce” its outsourced and other outside labor expenses.

    It’s a tough time for the job market overall — and Verizon isn’t the only company to announce sizeable workforce reductions recently. More and more layoffs have piled up at companies like Amazon, UPS, Nestlé and more.

    Some companies have pointed to rising operational costs spanning from U.S. President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or are redirecting money to artificial intelligence. Regardless, such cuts have raised worker anxieties across sectors.

    Schulman on Thursday recognized that “changes in technology and in the economy are impacting the workforce across all industries.” He said that Verizon had established a $20 million “Reskilling and Career Transition Fund” for workers departing the company.

    Shares of Verizon fell just over 1% by Thursday’s close.

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  • Sharp disagreements over economy threaten Federal Reserve interest rate cut

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    WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn inflation or weak hiring represent a bigger threat.

    In several speeches in the past week, some policymakers have registered greater concern over persistent inflation in an echo of the “affordability” concerns that played a large role in elections earlier this month.

    At the same time, another camp is much more concerned about meager hiring and the threat that the “low-hire, low-fire“ job market could worsen into one where layoffs become more widespread.

    The turmoil on the Fed’s 19-member interest-rate setting committee reflects a deeply uncertain economic outlook brought about by multiple factors, including tariffs, artificial intelligence, and changes in immigration and tax policies.

    “It’s reflective of a ton of uncertainty,” said Luke Tilley, chief economist at M&T Bank. “It’s not surprising at all that there’s a wide divergence of opinions.”

    Fewer rate cuts by the Fed could leave borrowing costs for homes and cars elevated. More expensive mortgages and auto loans contribute to the widespread view, according to polls, that the cost of living is too high.

    Some Fed watchers say that an unusually high number of dissents are possible at the December 9-10 meeting, regardless of whether the central bank reduces rates or not. Krishna Guha, an analyst at Evercore ISI, said a decision to cut could lead to as many as four or five dissents, while a decision to keep rates unchanged could produce three.

    Four dissenting votes would be highly unusual, given the Fed’s history of seeking consensus. The last time four officials dissented was in 1992, under then-Chair Alan Greenspan.

    Fed governor Christopher Waller on Monday noted that critics of the Fed often accuse it of “group think,” since many of its decisions are made unanimously.

    “People who are accusing us of this, get ready,” Waller said Monday in remarks in London. “You might see the least group think you’ve seen … in a long time.”

    The differences have been exacerbated by the government shutdown’s interruption of economic data, a particular challenge for a Fed that Chair Jerome Powell has often described as “data dependent.” The government’s last jobs report was for August, and inflation for September.

    September jobs data will finally be published Thursday, and are expected to show a small gain of 50,000 jobs that month and an unchanged unemployment rate at a still-low 4.3%.

    For now, Wall Street investors put the odds of a December rate cut at 50-50, according to CME Fedwatch, down sharply from nearly 94% a month ago. The decline has contributed to the stock market’s drops this week.

    After cutting their key rate in September for the first time this year, Fed policymakers signaled they expected to cut twice more, in October and December.

    But after implementing a second reduction Oct. 29, Powell poured cold water on the prospects of another cut, describing it as “not a foregone conclusion — far from it.”

    And speeches last week by a raft of regional Fed officials pushed the market odds of a December cut even lower. Susan Collins, president of the Federal Reserve Bank of Boston, said, “in all of my conversations with contacts across New England, I hear concerns about elevated prices.”

    Collins said that keeping the Fed’s key rate at its current level of about 3.9% would help bring inflation down. The economy “has been holding up quite well” even with interest rates where they are, she added.

    Several other regional presidents voiced similar concerns, including Raphael Bostic of the Atlanta Fed, Alberto Musalem of the St. Louis Fed, and Jeffrey Schmid at the Kansas City Fed. Musalem, Collins, and Schmid are among the 12 officials who vote on policy this year. Schmid dissented in October in favor of keeping rates unchanged.

    “When I talk to contacts in my district, I hear continued concern over the pace of price increases,” Schmid said Friday. “Some of this has to do with the effect of tariffs on input prices, but it is not just tariffs — or even primarily tariffs — that has people worried. I hear concerns about rising health care costs and insurance premiums, and I hear a lot about electricity.”

    On Monday, however, Waller argued that sluggish hiring is a bigger concern, and renewed his call for a rate cut next month.

    “The labor market is still weak and near stall speed,” he said. “Inflation through September continued to show relatively small effects from tariffs and support the hypothesis that tariffs … are not a persistent source of inflation.”

    Waller also dismissed the concern — voiced by Schmid and others — that the Fed should keep rates elevated because inflation has topped the Fed’s 2% target for five years. So far that hasn’t led the public to worry that inflation will stay elevated for an extended period, Waller noted.

    “You can’t just sort of say it’s been above target for five years, so I’m not going to cut,” he added. “You got to give us better answers than that.”

    There could be consensus for an interest rate cut if, say, new data for October and November show the economy shedding jobs, according to Esther George, the former president of the Kansas City Fed.

    It’s also worth noting that many economists had expected multiple dissents in September, but instead only Stephen Miran, a governor appointed that month by President Donald Trump, voted against the rate cut decision, in favor of an even bigger reduction.

    “Registering a dissent is a hard decision, and I think you’re going to find people that are speaking today that wouldn’t follow through with a vote in that direction,” she said. “I think you’re going to find enough consensus, whichever way they go.”

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  • Starbucks workers kick off 65-store US strike on company’s busy Red Cup Day

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    More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company.

    The strike was intended to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018, Starbucks has given out free, reusable cups on that day to customers who buy a holiday drink. Starbucks Workers United, the union organizing baristas, said Thursday morning that the strike had already closed some stores and was expected to force more to close later in the day.

    Starbucks Workers United said stores in 45 cities would be impacted, including New York, Philadelphia, Minneapolis, San Diego, St. Louis, Dallas, Columbus, Ohio, and Starbucks’ home city of Seattle. There is no date set for the strike to end, and more stores are prepared to join if Starbucks doesn’t reach a contract agreement with the union, organizers said.

    Starbucks emphasized that the vast majority of its U.S. stores would be open and operating as usual Thursday. The coffee giant has 10,000 company-owned stores in the U.S., as well as 7,000 licensed locations in places like grocery stores and airports.

    As of noon Thursday on the East Coast, Starbucks said it was on track to meet or exceed its sales expectations for the day at its company-owned stores.

    “The day is off to an incredible start,” the company said in a statement.

    Around 550 company-owned U.S. Starbucks stores are currently unionized. More have voted to unionize, but Starbucks closed 59 unionized stores in September as part of a larger reorganization campaign.

    Here’s what’s behind the strike.

    A stalled contract agreement

    Striking workers say they’re protesting because Starbucks has yet to reach a contract agreement with the union. Starbucks workers first voted to unionize at a store in Buffalo in 2021. In December 2023, Starbucks vowed to finalize an agreement by the end of 2024. But in August of last year, the company ousted Laxman Narasimhan, the CEO who made that promise. The union said progress has stalled under Brian Niccol, the company’s current chairman and CEO. The two sides haven’t been at the bargaining table since April.

    Workers want higher pay, better hours

    Workers say they’re seeking better hours and improved staffing in stores, where they say long customer wait times are routine. They also want higher pay, pointing out that executives like Niccol are making millions and the company spent $81 million in June on a conference in Las Vegas for 14,000 store managers and regional leaders.

    Dochi Spoltore, a barista from Pittsburgh, said in a union conference call Thursday that it’s hard for workers to be assigned more than 19 hours per week, which leaves them short of the 20 hours they would need to be eligible for Starbucks’ benefits. Spoltore said she makes $16 per hour.

    “I want Starbucks to succeed. My livelihood depends on it,” Spoltore said. “We’re proud of our work, but we’re tired of being treated like we’re disposable.”

    The union also wants the company to resolve hundreds of unfair labor practice charges filed by workers, who say the company has fired baristas in retaliation for unionizing and has failed to bargain over changes in policy that workers must enforce, like its decision earlier this year to limit restroom use to paying customers.

    Starbucks stands by its wages and benefits

    Starbucks says it offers the best wage and benefit package in retail, worth an average of $30 per hour. Among the company’s benefits are up to 18 weeks of paid family leave and 100% tuition coverage for a four-year college degree. In a letter to employees last week, Starbucks’ Chief Partner Officer Sara Kelly said the union walked away from the bargaining table in the spring.

    Kelly said some of the union’s proposals would significantly alter Starbucks’ operations, such as giving workers the ability to shut down mobile ordering if a store has more than five orders in the queue.

    Kelly said Starbucks remained ready to talk and “believes we can move quickly to a reasonable deal.” Kelly also said surveys showed that most employees like working for the company, and its barista turnover rates are half the industry average.

    Limited locations with high visibility

    Unionized workers have gone on strike at Starbucks before. In 2022 and 2023, workers walked off the job on Red Cup Day. Last year, a five-day strike ahead of Christmas closed 59 U.S. stores. Each time, Starbucks said the disruption to its operations was minimal. Starbucks Workers United said the new strike is open-ended and could spread to many more unionized locations.

    The number of non-union Starbucks locations dwarfs the number of unionized ones. But Todd Vachon, a union expert at the Rutgers School of Management and Labor Relations, said any strike could be highly visible and educate the public on baristas’ concerns.

    Unlike manufacturers, Vachon said, retail industries depend on the connection between their employees and their customers. That makes shaming a potentially powerful weapon in the union’s arsenal, he said.

    Improving sales

    Starbucks’ same-store sales, or sales at locations open at least a year, rose 1% in the July-September period. It was the first time in nearly two years that the company had posted an increase. In his first year at the company, Niccol set new hospitality standards, redesigned stores to be cozier and more welcoming, and adjusted staffing levels to better handle peak hours.

    Starbucks also is trying to prioritize in-store orders over mobile ones. Last week, the company’s holiday drink rollout in the U.S. was so successful that it almost immediately sold out of its glass Bearista cup. Starbucks said demand for the cup exceeded its expectations, but it wouldn’t say if the Bearista will return before the holidays are over.

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