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Tag: Unemployment

  • Fed officials call for more rate hikes to fight inflation

    Fed officials call for more rate hikes to fight inflation

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    WASHINGTON (AP) — The Federal Reserve will have to keep boosting its benchmark interest rate to a point that raises unemployment and gets inflation down from unusually high levels, two officials said in separate remarks Monday.

    Susan Collins, the new president of the Federal Reserve Bank of Boston, endorsed Fed projections released last week that signaled its benchmark interest rate would rise to 4.6% by next year, up sharply from about 3.1% now.

    Getting inflation down will “require slower employment growth and a somewhat higher unemployment rate,” Collins said in a speech to the Greater Boston Chamber of Commerce.

    Later Monday, Cleveland Fed President Loretta Mester said the Fed’s short-term rate would have to stay higher for longer than previously expected, regardless of the uncertainties surrounding the economy, such as Russia’s invasion of Ukraine and ongoing supply chain difficulties.

    “When there’s a lot of uncertainty, it can be better for policymakers to actually act more aggressively, because aggressive action and pre-emptive action can prevent the worst-case outcomes from happening,” she said.

    Mester also said she expects higher interest rates will raise unemployment, but disagreed with a forecast by Bank of America that the unemployment rate would rise to 5.5%.

    “I do expect the unemployment rate to rise, but not to that extent,” she said.

    The comments from both officials added to an ongoing debate about how badly the Federal Reserve’s rate hikes — the fastest in more than 40 years — will hurt the economy. By lifting its benchmark rate, the Fed is pushing up the cost of a wide range of consumer and business loans, including for mortgages, auto loans, and credit cards.

    Collins said that, while worries are rising about a recession, “the goal of a more modest slowdown, while challenging, is achievable.”

    Also Monday, stocks fell for the fifth straight day and longer-term interest rates rose amid growing fears of a global recession. The yield on the 10-year Treasury, which influences mortgage rates, jumped to 3.89% from 3.69%.

    Fed officials hope their rate hikes will achieve a “soft landing” by slowing consumer and business spending enough to bring down inflation but not so much as to cause a recession.

    Yet many economists are increasingly skeptical that such an outcome is likely. The Fed has lifted its key rate to a range of 3% to 3.25%, the highest in 14 years, even as the U.S. economy has already slowed. That could cause a recession in the U.S. next year, economists fear.

    In a question-and-answer session after her speech, Collins also said that inflation, which reached 9.1% in June from a year earlier and has since fallen to 8.3%, “perhaps may have peaked.”

    But Mester said she did not see any such signs.

    “Before I conclude that inflation has even peaked, I am going to have to see several months of declines in the readings,” she said.

    At a policy meeting last week, the Fed lifted its short-term rate by three-quarters of a point for the third straight time. Hikes typically are a more modest quarter-point. Fed Chair Jerome Powell, at a news conference after the meeting, said that “the chances of a soft landing are likely to diminish” as the Fed steadily raises borrowing costs.

    “No one knows whether this process will lead to a recession or, if so, how significant that recession would be,” Powell said.

    One challenge for the Fed is that last week it also released its quarterly economic and interest rate projections. They showed that Fed policymakers expect unemployment to reach 4.4% by the end of next year, up from 3.7% currently.

    According to a rule of thumb discovered by the economist Claudia Sahm, every time since World War II that unemployment has risen by a half-percentage point over several months, a recession has followed.

    Collins is one of 12 voting members of the Fed’s policymaking committee and is the first Black woman to serve as president of a regional Fed bank. She was sworn in July 1. Collins previously served as a provost and executive vice president at the University of Michigan and served on the board of directors for the Chicago Fed.

    Atlanta Fed President Bostic, in an interview Sunday on CBS News’ “Face the Nation,” also said “we need to have a slow down” to get inflation under control.

    “But I do think that we’re going to do all that we can at the Federal Reserve to avoid deep, deep pain,” he added.

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  • Labor Secretary Marty Walsh on job market, end of unemployment benefits

    Labor Secretary Marty Walsh on job market, end of unemployment benefits

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    Labor Secretary Marty Walsh on job market, end of unemployment benefits – CBS News


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    On this Labor Day, Labor Secretary Marty Walsh joins “CBS This Morning” to discuss the job market during the pandemic, and the end of federal COVID relief unemployment benefits, which have been aiding millions of jobless Americans.

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  • TOOTRiS Partners With National Child Care Association to Help Daycare Centers Thrive

    TOOTRiS Partners With National Child Care Association to Help Daycare Centers Thrive

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    Free Webinar Provides Critical Tools & Resources for Child Care Providers, Benefiting Working Parents, Employers & Children

    Press Release



    updated: Aug 2, 2021

     As the workforce settles into more remote and hybrid schedules, Child Care centers need to be prepared to better support parents, including part-time and drop-in care.

    “Licensed Child Care is trying very hard to find its ‘new normal,’” said Cindy Lehnhoff, Director of the National Child Care Association (NCCA) a national nonprofit advocacy and center accreditation organization. “Unfortunately, we lost over 100,000 members of our Child Care workforce during the peak of COVID-19 and many are not returning to work.”

    In an effort to provide Child Care centers the insight, resources & enrollment tools they need to handle this shift, TOOTRiS – a tech startup that connects parents, Child Care providers, and employers via a real-time platform – has partnered with the NCCA for a free webinar on Wednesday, August 4. “Building Your Business Back” will focus on new working parent schedules and how businesses use TOOTRiS to support their employees with Child Care resources and cost-sharing.

    “The lack of qualified Child Care staff and centers will keep parents home and employers without enough employees to meet the needs of their business as we strive to return to ‘normal,’” Lehnhoff said. “We are excited to have TOOTRiS present its innovative approach to support our Child Care workforce and families.” 

    Nearly 8 million Americans say the main reason they’re still unemployed is because they are caring for children not in school or daycare, according to Household Pulse survey data from the U.S. Census Bureau. By having the right tools and resources, Child Care providers can become more accommodating to fluctuating schedules of parents returning to work while increasing their enrollments.

    “Parents are tired and frustrated by the broken Child Care system. They need a flexible and real-time platform that gives them access to convenient, affordable and on-demand Child Care,” said TOOTRiS Chief Data Officer Eric Cutler, who will be leading the webinar. “By supporting Child Care providers, we’re also supporting working parents and businesses, while helping our economy recover and preparing our children for a successful future.”

    About TOOTRiS
    TOOTRiS is reinventing Child Care, making it convenient, affordable and on-demand. As the world shifts to digitalized services, TOOTRiS helps parents and providers connect and transact in real-time, empowering working parents – especially women – to secure quality Child Care, while allowing providers to unlock their potential and fully monetize their program. TOOTRiS is creating a new digital economy that promotes entrepreneurial opportunities for individuals with passion and talent to become Child Care providers, improving their quality of life while increasing the much-needed supply of Child Care across the state. TOOTRiS’ unique technology enables employers to provide fully managed Child Care Benefits, giving their workforce the flexibility and family support paramount to regaining employee productivity and increasing their ROI.

    Press/Media Contact
    press@tootris.com
    (855) 486-6874

    Source: TOOTRiS

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  • Generation USA Partners with Center on Rural Innovation to Offer Free Access to Online Training Programs

    Generation USA Partners with Center on Rural Innovation to Offer Free Access to Online Training Programs

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    Partnership focuses on four rural areas to reach new segment of students ready for tech training

    Press Release



    updated: May 27, 2021

    Generation USA, a nonprofit organization that transforms education to employment, is excited to announce its partnership with Center on Rural Innovation (CORI), a nonprofit action tank advancing inclusive rural prosperity through digital economy ecosystems that support scalable entrepreneurship and tech job creation to offer its free, bootcamp-style online IT Support Specialist program with the goal to train 50 students living in rural America. In partnership with local community organizations, the program will draw from four rural areas around the country — Ada, Oklahoma, Durango, Colorado, Pine Bluff, Arkansas, and Taos, New Mexico.

    “Our four community partners have been working diligently to provide new and accessible opportunities like this for their residents,” said Future of Work Talent Lead at CORI, Brett Ellis. “This program fulfills both building a culture of technology and remote work while strengthening connections for students and local communities.”

    Local organizations — the Ada Jobs Foundation, The Generator in Pine Bluff, Fort Lewis College, Southwestern Colorado Accelerator Program for Entrepreneurs, and the University of New Mexico, Taos Hive — will all work together to help inform their communities and give learners the opportunity to learn more about this free, online job training.

    These programs, which are open to anyone seeking to expand their skill set and pursue a career in the technology field, give students opportunities to build and refine the skills needed to excel and launch new careers upon graduation.

    Through a comprehensive approach to digital economic development, CORI helps community leaders prove what’s possible in rural America. This involves building a nationwide network of local economic change agents; using mapping and data to highlight rural opportunities; making direct investments in underserved rural entrepreneurs; and closing the digital divide so all Americans can participate in the 21st-century digital economy. The organization’s intersection of culture and community complements Generation’s goal of transforming education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible.

    “We’re thrilled to partner with CORI on serving a new population of students,” said Sean Segal, Generation USA CEO. “With the pandemic-driven surge in remote work, CORI and Generation see a unique opportunity to re-skill rural Americans for the jobs of the future.”

    This is Generation’s first program focused on rural upskilling. In addition to these programs, Generation offers a myriad of online reskilling programs that provide free resources and access to multiple career pathways and full-time employment opportunities in high-demand technology sectors.

    The ITSS program takes 12 weeks to complete. For more information on the IT Support Specialist program or to apply by July 1, prospective participants and interested employers can visit the information site here.

    Made possible by Verizon, through the Verizon Skill Forward Initiative, investing more than $44 million over several years in Generation to help close the opportunity gap for workers and increase access to digital skills. This initiative is part of Verizon’s Citizen Verizon responsible business plan to prepare 500,000 individuals for jobs of the future by 2030.

    About Generation

    Generation USA is a nonprofit organization that provides free career training, placement, and support to help people find life-changing careers. The global pandemic has led to an unprecedented surge in unemployment — 375 million workers of all ages needed to learn new skills by 2030. To date, more than 40,000 people have graduated from Generation programs around the world. For more, visit usa.generation.org.

    About CORI

    The Center on Rural Innovation (CORI) is a national nonprofit action tank founded in 2017 to address the dramatic opportunity gap between rural and urban communities that grew out of the Great Recession. CORI is committed to advancing economic prosperity in rural America through the creation of inclusive digital economy ecosystems that support scalable entrepreneurship and tech job creation. For more, visit: ruralinnovation.us

    About Citizen Verizon

    Citizen Verizon is the company’s responsible business plan for economic, environmental and social advancement. Citizen Verizon empowers Verizon to deliver on its mission to move the world forward through action by expanding digital access and resources, protecting the climate, and ensuring people have the skills needed for jobs of the future. Through Citizen Verizon, and the key pillars of Digital Inclusion, Climate Protection and Human Prosperity, the company is committed to providing 10 million youths with digital skills training by 2030, supporting 1 million small businesses with resources to help them thrive in the digital economy by 2030, achieving carbon neutrality in its operations by 2035, and preparing 500,000 individuals for jobs of the future by 2030. Learn more at CitizenVerizon.com.

    Media contact:

    Amy Kauffman
    amy@newswire.com

    Source: Generation USA

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  • ‘It’s an especially bad time’: Tech layoffs are hitting ethics and safety teams | CNN Business

    ‘It’s an especially bad time’: Tech layoffs are hitting ethics and safety teams | CNN Business

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    New York
    CNN
     — 

    In the wake of the 2016 presidential election, as online platforms began facing greater scrutiny for their impacts on users, elections and society, many tech firms started investing in safeguards.

    Big Tech companies brought on employees focused on election safety, misinformation and online extremism. Some also formed ethical AI teams and invested in oversight groups. These teams helped guide new safety features and policies. But over the past few months, large tech companies have slashed tens of thousands of jobs, and some of those same teams are seeing staff reductions.

    Twitter eliminated teams focused on security, public policy and human rights issues when Elon Musk took over last year. More recently, Twitch, a livestreaming platform owned by Amazon, laid off some employees focused on responsible AI and other trust and safety work, according to former employees and public social media posts. Microsoft cut a key team focused on ethical AI product development. And Facebook-parent Meta suggested that it might cut staff working in non-technical roles as part of its latest round of layoffs.

    Meta, according to CEO Mark Zuckerberg, hired “many leading experts in areas outside engineering.” Now, he said, the company will aim to return “to a more optimal ratio of engineers to other roles,” as part of cuts set to take place in the coming months.

    The wave of cuts has raised questions among some inside and outside the industry about Silicon Valley’s commitment to providing extensive guardrails and user protections at a time when content moderation and misinformation remain challenging problems to solve. Some point to Musk’s draconian cuts at Twitter as a pivot point for the industry.

    “Twitter making the first move provided cover for them,” said Katie Paul, director of the online safety research group the Tech Transparency Project. (Twitter, which also cut much of its public relations team, did not respond to a request for comment.)

    To complicate matters, these cuts come as tech giants are rapidly rolling out transformative new technologies like artificial intelligence and virtual reality — both of which have sparked concerns about their potential impacts on users.

    “They’re in a super, super tight race to the top for AI and I think they probably don’t want teams slowing them down,” said Jevin West, associate professor in the Information School at the University of Washington. But “it’s an especially bad time to be getting rid of these teams when we’re on the cusp of some pretty transformative, kind of scary technologies.”

    “If you had the ability to go back and place these teams at the advent of social media, we’d probably be a little bit better off,” West said. “We’re at a similar moment right now with generative AI and these chatbots.”

    When Musk laid off thousands of Twitter employees following his takeover last fall, it included staffers focused on everything from security and site reliability to public policy and human rights issues. Since then, former employees, including ex-head of site integrity Yoel Roth — not to mention users and outside experts — have expressed concerns that Twitter’s cuts could undermine its ability to handle content moderation.

    Months after Musk’s initial moves, some former employees at Twitch, another popular social platform, are now worried about the impacts recent layoffs there could have on its ability to combat hate speech and harassment and to address emerging concerns from AI.

    One former Twitch employee affected by the layoffs and who previously worked on safety issues said the company had recently boosted its outsourcing capacity for addressing reports of violative content.

    “With that outsourcing, I feel like they had this comfort level that they could cut some of the trust and safety team, but Twitch is very unique,” the former employee said. “It is truly live streaming, there is no post-production on uploads, so there is a ton of community engagement that needs to happen in real time.”

    Such outsourced teams, as well as automated technology that helps platforms enforce their rules, also aren’t as useful for proactive thinking about what a company’s safety policies should be.

    “You’re never going to stop having to be reactive to things, but we had started to really plan, move away from the reactive and really be much more proactive, and changing our policies out, making sure that they read better to our community,” the employee told CNN, citing efforts like the launch of Twitch’s online safety center and its Safety Advisory Council.

    Another former Twitch employee, who like the first spoke on condition of anonymity for fear of putting their severance at risk, told CNN that cutting back on responsible AI work, despite the fact that it wasn’t a direct revenue driver, could be bad for business in the long run.

    “Problems are going to come up, especially now that AI is becoming part of the mainstream conversation,” they said. “Safety, security and ethical issues are going to become more prevalent, so this is actually high time that companies should invest.”

    Twitch declined to comment for this story beyond its blog post announcing layoffs. In that post, Twitch noted that users rely on the company to “give you the tools you need to build your communities, stream your passions safely, and make money doing what you love” and that “we take this responsibility incredibly seriously.”

    Microsoft also raised some alarms earlier this month when it reportedly cut a key team focused on ethical AI product development as part of its mass layoffs. Former employees of the Microsoft team told The Verge that the Ethics and Society AI team was responsible for helping to translate the company’s responsible AI principles for employees developing products.

    In a statement to CNN, Microsoft said the team “played a key role” in developing its responsible AI policies and practices, adding that its efforts have been ongoing since 2017. The company stressed that even with the cuts, “we have hundreds of people working on these issues across the company, including net new, dedicated responsible AI teams that have since been established and grown significantly during this time.”

    Meta, maybe more than any other company, embodied the post-2016 shift toward greater safety measures and more thoughtful policies. It invested heavily in content moderation, public policy and an oversight board to weigh in on tricky content issues to address rising concerns about its platform.

    But Zuckerberg’s recent announcement that Meta will undergo a second round of layoffs is raising questions about the fate of some of that work. Zuckerberg hinted that non-technical roles would take a hit and said non-engineering experts help “build better products, but with many new teams it takes intentional focus to make sure our company remains primarily technologists.”

    Many of the cuts have yet to take place, meaning their impact, if any, may not be felt for months. And Zuckerberg said in his blog post announcing the layoffs that Meta “will make sure we continue to meet all our critical and legal obligations as we find ways to operate more efficiently.”

    Still, “if it’s claiming that they’re going to focus on technology, it would be great if they would be more transparent about what teams they are letting go of,” Paul said. “I suspect that there’s a lack of transparency, because it’s teams that deal with safety and security.”

    Meta declined to comment for this story or answer questions about the details of its cuts beyond pointing CNN to Zuckerberg’s blog post.

    Paul said Meta’s emphasis on technology won’t necessarily solve its ongoing issues. Research from the Tech Transparency Project last year found that Facebook’s technology created dozens of pages for terrorist groups like ISIS and Al Qaeda. According to the organization’s report, when a user listed a terrorist group on their profile or “checked in” to a terrorist group, a page for the group was automatically generated, although Facebook says it bans content from designated terrorist groups.

    “The technology that’s supposed to be removing this content is actually creating it,” Paul said.

    At the time the Tech Transparency Project report was published in September, Meta said in a comment that, “When these kinds of shell pages are auto-generated there is no owner or admin, and limited activity. As we said at the end of last year, we addressed an issue that auto-generated shell pages and we’re continuing to review.”

    In some cases, tech firms may feel emboldened to rethink investments in these teams by a lack of new laws. In the United States, lawmakers have imposed few new regulations, despite what West described as “a lot of political theater” in repeatedly calling out companies’ safety failures.

    Tech leaders may also be grappling with the fact that even as they built up their trust and safety teams in recent years, their reputation problems haven’t really abated.

    “All they keep getting is criticized,” said Katie Harbath, former director of public policy at Facebook who now runs tech consulting firm Anchor Change. “I’m not saying they should get a pat on the back … but there comes a point in time where I think Mark [Zuckerberg] and other CEOs are like, is this worth the investment?”

    While tech companies must balance their growth with the current economic conditions, Harbath said, “sometimes technologists think that they know the right things to do, they want to disrupt things, and aren’t always as open to hearing from outside voices who aren’t technologists.”

    “You need that right balance to make sure you’re not stifling innovation, but making sure that you’re aware of the implications of what it is that you’re building,” she said. “We won’t know until we see how things continue to operate moving forward, but my hope is that they at least continue to think about that.”

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  • Meta’s business groups cut in latest round of layoffs | CNN Business

    Meta’s business groups cut in latest round of layoffs | CNN Business

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    New York
    CNN
     — 

    Facebook-parent Meta on Wednesday began cutting employees in its business groups as part of a previously announced round of layoffs, according to social media posts from impacted workers.

    Meta employees in operations, project management, marketing, policy, communications and risk analytics announced on LinkedIn Wednesday morning that they had been laid off.

    The company declined to confirm the reductions were underway, but a Meta spokesperson pointed CNN to the March blog post from CEO Mark Zuckerberg announcing that the company would cut 10,000 employees this year, and that affected members of the business groups would be notified this month.

    Zuckerberg previously said the business groups would be the third and final major round of those layoffs. Laid off members of Meta’s technology and recruiting teams were notified in the past two months. Some smaller reductions may continue through the end of 2023, Zuckerberg said in March.

    The 10,000 job reductions mark the second significant wave of layoffs at Meta in recent months. The company said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs, in the single largest round of cuts in its history.

    In September, Meta reported a headcount of 87,314, per a securities filing. With the 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25% — assuming no additional hiring.

    Meta has said the layoffs are part of its “year of efficiency,” as the company attempts to recover from repeated revenue declines, heightened competition, concerns about user growth and big losses in its Reality Labs division amid its pivot to building the so-called metaverse. Zuckerberg has also taken responsibility for over-hiring earlier in the pandemic, when there was strong demand for the company’s products and online advertising, which dropped off somewhat once the world reopened.

    The turnaround strategy is showing early signs of success. Meta’s stock jumped last month after the company posted a 3% year-over-year revenue increase for the first three months of 2023, reversing a trend of three consecutive quarters of revenue declines. Still, profits declined by nearly a quarter compared to the same period in the prior year, and price per advertisement — an indicator of the health of the company’s core digital ad business — also decreased by 17% from the year prior.

    Zuckerberg said on an earnings call with analysts last month that when Meta started its “efficiency work” late last year, “our business wasn’t performing as well as I wanted, but now we’re increasingly doing this work from a position of strength.”

    But left in its wake are the thousands of employees affected by layoffs.

    “Finding work you care about and believe in and the right people to be in the trenches with is an incredible dream; it also makes moments like this incredibly difficult,” one employee affected by Wednesday’s layoffs said in a LinkedIn post. The employee called the cuts a “shock to the system.”

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  • Meta’s latest round of layoffs is underway | CNN Business

    Meta’s latest round of layoffs is underway | CNN Business

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    New York
    CNN
     — 

    Facebook parent Meta on Wednesday began its latest round of layoffs focusing on technical workers, who are often thought of as more immune to job cuts in Silicon Valley.

    Meta spokesperson Nkechi Nneji confirmed to CNN that some previously announced layoffs were taking place Wednesday, and pointed to CEO Mark Zuckerberg’s March announcement that the company would cut another 10,000 employees in the coming months.

    Zuckerberg’s notice said that restructurings and layoffs in Meta’s tech groups would take place in April. Among those affected by Wednesday’s layoffs were members of the company’s sustainability, well-being, user experience, news feed and messaging teams, according to public LinkedIn posts.

    Meta reportedly told North American employees to work from home on Wednesday in anticipation of the layoffs. (CNN has not independently confirmed that.)

    Members of Meta’s recruiting team were notified of additional layoffs last month, and cuts to the company’s business groups are expected to take place in late May.

    The 10,000 job reductions mark the second recent round of significant job cuts at Meta. The company said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs, in the single largest round of cuts in its history.

    In September, Meta reported a headcount of 87,314, per a securities filing. With 11,000 job cuts announced in November and the 10,000 announced last month, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%.

    Meta has said the layoffs are part of its “year of efficiency,” as the company attempts to engineer a turnaround following repeated revenue declines, heightened competition, concerns about user growth and big losses in its Reality Labs division amid its pivot to building the so-called metaverse. Zuckerberg has also taken responsibility for over-hiring earlier in the pandemic, when there was strong demand for the company’s products and online advertising, which dropped off somewhat once the world reopened.

    Zuckerberg said last month that, in some cases, it may take through the end of this year to complete its staff restructuring processes.

    “As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing jobs — and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision,” Zuckerberg said in his March statement.

    Meta is set to report earnings for the first three months of 2023 next week, during which Wall Street analysts expect it to post its fourth straight quarterly decline in revenue and a more than 30% decline in profits. Still, Meta’s shareholders appear to have been reassured by Zuckerberg’s plans for efficiency — the company’s shares were up more than 70% year-to-date as of midday Wednesday.

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  • Job site ZipRecruiter cutting 20% of its staff | CNN Business

    Job site ZipRecruiter cutting 20% of its staff | CNN Business

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    New York
    CNN
     — 

    Fewer employers looking for workers means 270 employees at job search site ZipRecruiter will soon be out of a job.

    The company is cutting 20% of its staff by the end of this month, the company disclosed in a filing late Wednesday.

    “This action was taken in response to current market conditions and after reducing other discretionary expenses, with a view toward driving long-term efficiency,” according to the filing.

    The company had previously said it is experiencing a “typical softness in jobs posting” in January, but sounded other alarms about a slowing in the labor market. Its first quarter revenue fell 19% from a year earlier and it forecast that its revenue in the current quarter would be down nearly 30% from the second quarter of 2022.

    The job search site still projects adjusted earnings that are roughly the same for this year as last year, although it said to do so it would “respond to our environment quickly” by “increasing our focus on profitability during times of decreased demand from employers.”

    About half of the 270 employees losing their job are in the sales and customer support teams. The company will take a charge of between $7 million to $9 million to cover severance costs. It expects to still make the same level of profits, excluding special items such as severance, as in its earlier guidance.

    It also announced that CEO Ian Siegel agreed to a 30% cut in base salary, as of June 1. He has a base salary of $550,000, according to an earlier filing, but had total compensation last year of about twice that amount.

    Layoffs across the tech sector have become widespread in recent months. Amazon, one of the nation’s largest private-sector employers, has announced two rounds of job cuts this year totaling 27,000 positions, and Facebook holding company Meta has announced 21,000 job cuts since last fall. Alphabet, Microsoft and Salesforce — and especially Twitter — have all announced large job cuts.

    Outplacement firm Challenger, Gray & Christmas said Thursday there have been 137,000 layoffs in the sector in the first five months of the year, the most job cuts in the sector since there were 168,000 in all of 2001, the year after the dot.com bubble burst.

    Despite all the job cuts in technology and also in media, US employers overall are still hiring more people than they’re cutting.

    Private sector employment increased by 278,000 jobs in May, according to ADP’s monthly National Employment Report released Thursday, much stronger than the 170,000 forecast by economists. Economists are also forecasting a gain of 190,000 jobs for May when the Labor Department issues its monthly jobs report Friday. The April jobs report also came in much stronger than expected, as employers added 253,000 jobs.

    Still, hiring is at a slower pace than a year ago, when employers added 445,000 jobs a month, on average, in the first half of 2022. The Labor Department’s count of job openings, while up 3% in April compared to March, is down 14% from a year earlier — though that still means there are 1.8 jobs available for every job seeker.

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  • AI is already linked to layoffs in the industry that created it | CNN Business

    AI is already linked to layoffs in the industry that created it | CNN Business

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    CNN
     — 

    Many have raised alarms about the potential for artificial intelligence to displace jobs in the years ahead, but it’s already causing upheaval in one industry where workers once seemed invincible: tech.

    A small but growing number of tech firms have cited AI as a reason for laying off workers and rethinking new hires in recent months, as Silicon Valley races to adapt to rapid advances in the technology being developed in its own backyard.

    Chegg, an education technology company, disclosed in a regulatory filing last month that it was cutting 4% of its workforce, or about 80 employees, “to better position the Company to execute against its AI strategy and to create long-term, sustainable value for its students and investors.”

    IBM CEO Arvind Krishna said in an interview with Bloomberg in May that the company expects to pause hiring for roles it thinks could be replaced with AI in the coming years. (In a subsequent interview with Barrons, however, Krishna said that he felt his earlier comments were taken out of context and stressed that “AI is going to create more jobs than it takes away.”)

    And in late April, file-storage service Dropbox said that it was cutting about 16% of its workforce, or about 500 people, also citing AI.

    In its most-recent layoffs report, outplacement firm Challenger, Gray & Christmas said 3,900 people were laid off in May due to AI, marking its first time breaking out job cuts based on that factor. All of those cuts occurred in the tech sector, according to the firm.

    With these moves, Silicon Valley may not only be leading the charge in developing AI but also offering an early glimpse into how businesses may adapt to those tools. Rather than render entire skill sets obsolete overnight, as some might fear, the more immediate impact of a new crop of AI tools appears to be forcing companies to shift resources to better take advantage of the technology — and placing a premium on workers with AI expertise.

    “Over the last few months, AI has captured the world’s collective imagination, expanding the potential market for our next generation of AI-powered products more rapidly than any of us could have anticipated,” Dropbox CEO Drew Houston wrote in a note to staff announcing the job cuts. “Our next stage of growth requires a different mix of skill sets, particularly in AI and early-stage product development.”

    In response to a request for comment on how its realignment around AI is playing out, Dropbox directed CNN to its careers page, where it is currently hiring for multiple roles focused on “New AI Initiatives.”

    Dan Wang, a professor at Columbia Business School, told CNN that AI “will cause organizations to restructure,” but also doesn’t see it playing out as machines replacing humans just yet.

    “AI, as far as I see it, doesn’t necessarily replace humans, but rather enhances the work of humans,” Wang said. “I think that the kind of competition that we all should be thinking more about is that human specialists will be replaced by human specialists who can take advantage of AI tools.”

    The AI-driven tech layoffs come amid broader cuts in the industry. Many tech companies have been readjusting to an uncertain economic environment and waning levels of demand for digital services more than three years into the pandemic.

    Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022.

    But in the shadow of those mass layoffs, the tech industry has also been gripped by an AI fervor and invested heavily in AI talent and tech.

    In January, just days after Microsoft announced plans to lay off 10,000 employees as part of broader cost-cutting measures, the company also confirmed it was making a “multibillion dollar” investment into OpenAI, the company behind ChatGPT. And in March, in the same letter to staff Mark Zuckerberg used to announce plans to lay off another 10,000 workers (after cutting 11,000 positions last November), the Meta CEO also outlined plans for investing heavily in AI.

    Even software engineers in Silicon Valley who once seemed uniquely in demand now appear to be at risk of losing their jobs, or losing out on salary gains to those with more AI expertise.

    Roger Lee, a startup founder who has been tracking tech industry layoffs via his website Layoffs.fyi, also runs Comprehensive.io, which examines job listings and compensation data across some 3,000 tech companies.

    Lee told CNN that a recent analysis of data from Comprehensive.io shows the average salary for a senior software engineer specializing in artificial intelligence or machine learning is 12% higher than for those who don’t specialize in that area, a data point he dubs “the AI premium.” The average salary for a senior software engineer specializing in AI or machine learning has also increased by some 4% since the beginning of the year, whereas the average salary for senior software engineers as a whole has stayed flat, he said.

    Lee noted Dropbox as an example of a company offering notably high pay for AI roles, citing a base salary listing of $276,300 to $373,800 for a Principal Machine Learning Engineer role. (By comparison, Comprehensive.io’s data puts the current average salary for a senior software engineer at $171,895.)

    Those looking to thrive in the tech industry and beyond may need to brush up on their AI skills.

    Wang, the professor at Columbia Business School, told CNN that starting this past spring semester, he began requiring his students to familiarize themselves with the new crop of generative AI tools on the market. “That type of exposure I think is absolutely critical for setting themselves up for success and once they graduate,” Wang said.

    It’s not that everyone needs to become AI specialists, Wang added, but rather that workers should know how to use AI tools to become more efficient at whatever they’re doing.

    “That’s where the kind of a battleground for talent is really shifting,” Wang said, “as differentiation in terms of talent comes from creative and effective ways to integrate AI into daily tasks.”

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  • Google workers in London stage walkout over job cuts | CNN Business

    Google workers in London stage walkout over job cuts | CNN Business

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    Reuters
     — 

    Hundreds of Google employees staged a walkout at the company’s London offices on Tuesday, following a dispute over layoffs.

    In January, Google’s parent company Alphabet announced it was laying off 12,000 employees worldwide, equivalent to 6% of its global workforce.

    The move came amid a wave of job cuts across corporate America, particularly in the tech sector, which has so far seen companies shed more than 290,000 workers since the start of the year, according to tracking site Layoffs.fyi.

    Trade union Unite, which counts hundreds of Google’s UK employees among its members, said the company had ignored concerns put forward by employees.

    “Our members are clear: Google needs to listen to its own advice of not being evil,” said Unite regional officer Matt Whaley.

    “They and Unite will not back down until Google allows workers full union representation, engages properly with the consultation process and treats its staff with the respect and dignity they deserve.”

    A Google employee attending the protest, who asked not to be named for fear of retaliation, told Reuters that talks between employees and management had been “extremely frustrating.”

    “It has been difficult for those involved. We have a redundancy process for a reason, so that employees can make their voice heard,” they said. “But it feels as if our concerns have fallen on deaf ears.”

    Google’s senior management has been engaged in redundancy talks in many parts of Europe, in line with local employment laws.

    Last month, workers at the company’s Zurich office in Switzerland staged a similar walkout, with employee representatives claiming Google had rejected their proposals to reduce job cuts.

    “As we said on January 20, we’ve made the difficult decision to reduce our workforce by approximately 12,000 roles globally. We know this is a very challenging time for our employees,” a Google spokesperson said.

    “In the UK, we have been constructively engaging and listening to our employees through numerous meetings, and are working hard to bring them clarity and share updates as soon as we can in adherence with all UK processes and legal requirements.”

    Google employs more than 5,000 people in the United Kingdom.

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  • LinkedIn to cut 716 jobs and shut its China app amid ‘challenging’ economic climate | CNN Business

    LinkedIn to cut 716 jobs and shut its China app amid ‘challenging’ economic climate | CNN Business

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    Hong Kong
    CNN
     — 

    LinkedIn, the world’s largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced.

    The decision was made amid shifts in customer behavior and slower revenue growth, CEO Ryan Roslansky said Monday in a letter to employees.

    “As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization and our China strategy that will result in a reduction of roles for 716 employees,” he said.

    LinkedIn, owned by Microsoft

    (MSFT)
    , has joined a slew of US tech companies that have made significant job cuts this year. Meta announced in March an additional 10,000 layoffs on top of mass layoffs announced in 2022. Amazon also said during the same month it would eliminate 9,000 positions, on the heels of the 18,000 roles the company announced it was cutting in January.

    “As we plan for [the fiscal year of 2024], we’re expecting the macro environment to remain challenging,” Roslansky said. “We will continue to manage our expenses as we invest in strategic growth areas.”

    As part of the move, LinkedIn will phase out InCareer, its app for mainland China, by August 9.

    Roslansky cited “fierce competition” and “a challenging macroeconomic climate” as the reason for the shutdown.

    LinkedIn will retain some presence in China, including providing services for companies operating there to hire and train employees outside the country, according to a company spokesperson.

    LinkedIn is the last major Western social media app still operating in mainland China. Twitter, Facebook and Youtube have been banned in the country for more than a decade. Google left in early 2010.

    LinkedIn first entered China in 2014 by launching a localized version of its main app. But its moves to censor posts in the country, in accordance with Chinese laws, came under criticism.

    In March 2021, LinkedIn had to suspend signups in China to ensure it was “in compliance with local law.” A few months later, it replaced that app with InCareer, which was focused solely on job postings, with no social networking features such as sharing or commenting.

    The US social media site has faced tough competition in China. By 2021, it had more than 50 million members in the country, making it the company’s third biggest market after the United States and India. But it lagged behind local competitors such as Maimai.

    Maimai was launched in 2013 and dubbed the Chinese version of LinkedIn. In a few years it surpassed LinkedIn to become the most popular professional networking platform in the country, with 110 million verified members. A major feature that powered its success was that it allowed users to post anonymously in a chat forum.

    The operating environment in China has also become more challenging. Since Xi Jinping took power in 2012, he has tightened control over what can be said online and launched a series of crackdowns on the internet.

    “While we’ve found success in helping Chinese members find jobs and economic opportunity, we have not found that same level of success in the more social aspects of sharing and staying informed,” LinkedIn wrote in an October 2021 blog post. “We’re also facing a significantly more challenging operating environment and greater compliance requirements in China.”

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  • Laid-off Twitter Africa team ‘ghosted’ without severance pay or benefits, former employees say | CNN Business

    Laid-off Twitter Africa team ‘ghosted’ without severance pay or benefits, former employees say | CNN Business

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    Nairobi, Kenya
    CNN
     — 

    Former employees of Twitter Africa who were laid off as part of a global cost-cutting measure after Elon Musk’s acquisition have not received any severance pay more than seven months since leaving the company, several sources told CNN.

    In late May, the former employees, who were based in the Ghanaian capital Accra, accepted Twitter’s

    (TWTR)
    offer to pay them three months worth of severance, the cost of repatriating foreign staff and legal expenses incurred during negotiations with the company, but they have not received the money or any further communication, the sources said.

    “They literally ghosted us,” one former Twitter Africa employee told CNN.

    “Although Twitter has eventually settled former staff in other locations, Africa staff have still been left in the lurch despite us eventually agreeing to specific negotiated terms.”

    The former employees say they reluctantly agreed to the severance package without benefits, even though it was less than what colleagues elsewhere received.

    “Twitter was non-responsive until we agreed to the three months because we were all so stressed and exhausted and tired of the uncertainty, reluctant to take on the extra burdens of a court case so we felt we had no choice but to settle,” another former employee told CNN.

    The former employees spoke to CNN on condition of anonymity because they said they were asked to sign non-disclosure agreements as part of their exit terms.

    According to Carla Olympio, an attorney who is representing the former employees, the last communication from Twitter or its lawyers was in May, shortly after settlement was agreed.

    CNN reached out to Twitter for comment on the status of the severance package for the former employees in the Ghana office but received an automated response – a poop emoji. It’s unclear whether Twitter still has a media relations department.

    In March, Musk tweeted that Twitter would respond to all press inquiries with the poop emoji. He completed a deal to buy the social media platform in October.

    CNN also asked Ghana’s Ministry of Employment and Labor Relations for comment. A spokesperson said they are investigating the claims.

    Whether Ghanaian authorities can compel Twitter to comply with the settlement is uncertain. The former employees and their attorney say the offer was never finalized.

    The dozen or so team members were laid off just four days after the social network opened a physical office in Accra last November.

    Some of them said they had moved to Ghana from other African nations, and depended on their jobs at Twitter to support their legal status in the country.

    “Unfortunately, it appears that after having unethically implemented their terminations in violation of their own promises and Ghana’s laws, dragging the negotiation process out for over half a year, now that we have come to the point of almost settlement, there has been complete silence from them for several weeks,” Olympio said.

    Twitter and Musk face multiple lawsuits where plaintiffs are claiming the company has failed to pay former staffers what they are owed.

    Last week, a former US employee filed a proposed class action lawsuit claiming the company didn’t pay the full amount of severance benefits it promised last November prior to mass layoffs.

    The plaintiff said Twitter promised senior employees severance of six months of base pay plus one week for every year of service, in addition to other benefits. Instead, the plaintiff said they received a total of three months of pay, according to the lawsuit. In response to a request for comment on the lawsuit, Twitter sent CNN an automated poop emoji.

    In April, Musk told the BBC more than 6,000 people had been laid off since he completed his acquisition of the company in late October.

    “We’re exploring our options with respect to causes of action against Twitter in various jurisdictions including Ghana,” Olympio told CNN.

    Twitter did not open negotiations with the African team until after CNN reported in November that they had been offered separation terms that differed from those offered to departing staff in Europe and North America.

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  • Vodafone plans 11,000 job cuts | CNN Business

    Vodafone plans 11,000 job cuts | CNN Business

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    London
    CNN
     — 

    Vodafone said Tuesday it would cut 11,000 jobs over three years, as the telecom company unveiled a turnaround plan to revive its fortunes following years of poor performance.

    The job cuts would affect the firm’s UK headquarters and operations in other countries, Vodafone

    (VOD)
    added in a statement. Shares slid more than 4% in London.

    “Our performance has not been good enough,” CEO Margherita Della Valle said. “We will simplify our organization, cutting out complexity to regain our competitiveness.”

    Two decades ago, Vodafone was the world’s biggest mobile telecom group, having bought Germany’s Mannesmann in 2000 in the largest takeover in history. The deal was valued above $190 billion.

    But the company, which has businesses in 21 countries and partnership agreements with local operators in another 46 locations, has struggled to retain market share.

    Vodafone employs 104,000 people worldwide, according to its latest annual report. Apart from the United Kingdom, it is a major provider of mobile networks in Germany, Spain, Italy and parts of Africa.

    Della Valle, who was appointed to the role three weeks ago after almost 30 years with the company, said her priorities were “customers, simplicity and growth.”

    European telecoms companies have fared particularly poorly over the past decade, delivering lower returns to shareholders than in the United States, according to McKinsey.

    Within a challenging sector, Vodafone’s performance relative to peers had “worsened over time,” Della Valle said in a video posted to the company’s website.

    “Our performance relative to our major competitors in our largest markets has not been good enough, and we know that this is strongly connected to the experience of our customers not being good enough,” she added. Shares in Vodafone have fallen 28% over the past year.

    Under its turnaround plan, Vodafone would invest more in its customer experience and also direct more resources towards Vodafone Business, serving corporate clients, which was growing in nearly all the company’s European markets.

    The strategic overhaul comes as Vodafone’s results showed revenue for the year to March grew by just 0.3% to €45.7 billion ($49.8 billion). Adjusted earnings declined to €14.7 billion ($16 billion), below the company’s own guidance, because of high energy prices and a weak performance in Germany, its biggest market.

    Vodafone said it would generate free cash flow of around €3.3 billion ($3.6 billion) for this financial year, compared to €4.8 billion ($5.2 billion) for the year to end March.

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  • Generation USA Graduates Largest Cohort of Online Students

    Generation USA Graduates Largest Cohort of Online Students

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    Bootcamp offers unemployed and underemployed technical, soft skills, and connections to sustainable employment

    Press Release



    updated: Feb 24, 2021

    Generation USA, a workforce development nonprofit transforming the education to employment ecosystem, offers reskilling and training programs at no cost to the unemployed with priority admissions for Black and Latinx communities, as well as women, announced its largest class of online graduates.

    WHO: 171 students from Dallas, D.C., Seattle, and Miami, ages 18 to 40+ who participated in training programs led by Generation USA – a workforce development nonprofit organization – celebrated graduation and embarking on sustainable careers that will change the course of their lives. 

    The graduates, many from underserved communities, persevered through challenging courses and overcame many obstacles along the way. They gained the technical and behavioral skills needed to embark on sustainable new careers in fields with many opportunities.

    WHAT: Graduates participated in three programs: Jr. Web Developer, IT Help Desk, and Jr. Cloud Practitioner. A combined 86% of learners in both the cloud and web developer programs passed industry-recognized certification exams. More than 10% of graduates had job offers before the ceremony.

    On average, graduates earn 3x what they were prior to the program. More than 50% of participants are women, nearly 40% have dependents, and 66% of learners identify as Black or African-American, and 55% have a high school education or less. 

    Graduates not only learned the job-specific skills–they also learned “soft skills” that will help them navigate every aspect of life. They are confident, motivated, and ready to interview with employer partners across the country, while career coaches continue to provide support. 

    “I’m feeling excited for my future. Thank you Generation USA for helping me achieve the beginnings of my dreams!” said Mira Winkel.

    “It’s awesome to be certified after an intense and informative training camp. I’m looking forward to putting this knowledge to good use,” said Buddy Burlison.

    Verizon is investing more than $44 million over several years in Generation to help close the opportunity gap for workers and increase access to digital skills. This initiative is part of Verizon’s Citizen Verizon responsible business plan to prepare 500,000 individuals for jobs of the future by 2030.

    Please contact jessicar@generation.org to speak with graduates about how the Generation training changed the trajectory of their lives and what comes next–a story to uplift the community.

    About Generation

    Generation is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment. Even before the pandemic, more than 75 million young adults were out of work globally, and three times as many were underemployed—and 375 million workers of all ages needed to learn new skills by 2030. At the same time, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. To date, more than 38,000 people have graduated from Generation programs, which prepare them for meaningful careers in 14 countries. Generation works with more than 3,900 employer partners and many implementation partners and funders. For more, visit usa.generation.org. 

    About Citizen Verizon
    Citizen Verizon is the company’s responsible business plan for economic, environmental and social advancement. Citizen Verizon empowers Verizon to deliver on its mission to move the world forward through action by expanding digital access and resources, protecting the climate, and ensuring people have the skills needed for jobs of the future. Through Citizen Verizon, and the key pillars of Digital Inclusion, Climate Protection and Human Prosperity, the company is committed to providing 10 million youths with digital skills training by 2030, supporting 1 million small businesses with resources to help them thrive in the digital economy by 2030, achieving carbon neutrality in its operations by 2035, and preparing 500,000 individuals for jobs of the future by 2030. Learn more at CitizenVerizon.com.    

    Media Contact

    Amy Kauffman
    amy@newswire.com

    Source: Generation USA

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  • Generation USA Makes Major Impact with Impact Hiring Initiative

    Generation USA Makes Major Impact with Impact Hiring Initiative

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    The non-profit prepares, guides, and supports people for life-changing, sustainable careers.

    Press Release



    updated: Nov 23, 2020

    ​​Systematic racism continues to plague minority groups, and it’s especially apparent when it comes to the job hunt.

    Generation USA, a Washington, D.C.-based company that transforms education to employment systems, is addressing this discrepancy with impact hiring. 

    According to The Rockefeller Foundation, black workers face unemployment rates that are almost five percentage points higher than the national rate, while Latinx workers face rates almost three percentage points greater than the overall average. 

    This is a clear indication of the importance of impact hiring, as it places an emphasis on hiring, retaining, and promoting entry-level talent from marginalized groups.

    “Impact hiring can provide the employer with the data they need to vet applicants who might lack experience but are well-suited to succeed in available positions,” said Sean Segal, Chief Executive Officer, Generation USA. “If you go beyond the surface, impact hiring presents a great opportunity for employers, employees, and economic health.” 

    Generation USA understands the trials and tribulations minority groups face when it comes to finding a job and, through their workforce development program, they’ve narrowed their focus on hiring initiatives with alternative populations. 

    Through their data-centered, seven component methodology, Generation USA serves unemployed, underemployed, or those who need to learn new skills. 

    The non-profit currently has programs in 14 cities and addresses the recruiting and hiring processes to find ways to put marginalized employees in a place to succeed and on the right path to evolve into larger roles within an organization. 

    Generation USA is pushing back on systematic racism, as they have extensive experience in serving opportunity youth and promoting diversity inclusion. 

    In fact, 85 percent of learners are black or Latinx, 62 percent have a high school diploma or GED, and 40 percent of learners have dependents. 

    By leveraging the importance of impact hiring, Generation USA will continue to provide its students with mentorship and the support they need to excel and launch into a new career. 

    About Generation

    Generation is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment. Even before the pandemic, more than 75 million young adults were out of work globally, and three times as many were underemployed—and 375 million workers of all ages needed to learn new skills by 2030. At the same time, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. To date, more than 38,000 people have graduated from Generation programs, which prepare them for meaningful careers in 14 countries. Generation works with more than 3,900 employer partners and many implementation partners and funders. For more, visit usa.generation.org.

    Media Contact

    Amy Kauffman

    amy@newswire.com

    Source: Generation USA

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  • Generation Provides Opportunities for the Unemployed During Pandemic, Addresses Widening Gap

    Generation Provides Opportunities for the Unemployed During Pandemic, Addresses Widening Gap

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    The Washington D.C.-based organization offers 100 percent free, online programs to provide individuals with technical and soft skills necessary to succeed in a variety of roles

    Press Release



    updated: Oct 13, 2020

    ​​​The COVID-19 pandemic has affected millions of Americans; however, between February and April, Black workers saw a greater loss in employment than white workers, according to the Economic Policy Institute, which noted that in April less than half of the black adult population was employed, further devastating a community that traditionally experiences higher unemployment rates, lower wages and with less savings to fall back on.

    This gap continues to widen and data from the Federal Reserve Bank of St. Louis found the unemployment rate for white workers in August was 7.3 percent – lower than the national average – while the rate for Black workers was 13 percent.

    Generation USA is addressing this discrepancy by providing communities of color and those who are unemployed or underemployed with the resources they need to begin successful, sustainable careers.

    “Though some are experiencing a gradual recovery from the economic fallout of the pandemic, the reality is that any recovery occurring is disproportionally benefiting only the upper half of the U.S. population. Given demographics, it is rapidly becoming apparent that Black workers are facing an uphill battle to join or rejoin the workforce,” said Sean Segal, Chief Executive Officer of Generation USA, “That’s why we’ve committed to train 500,000 students by 2030 – so we can do our part in getting jobs to communities where there are clear discrepancies in equity.”

    Generation prepares, guides, and supports people for life-changing careers by leveraging data and combining partnerships between employers and community organizations with mentorship and support to help students excel.

    The hallmarks of Generation’s approach include a rapid launch process, boot camp-style training and placement, and individualized education plans with resources and support that position the company to serve the massive, newly unemployed population.

    This holistic program addresses both personal and professional goals to create pathways for career success through coaching and mentoring, instruction, and support and resources. 

    Students of the program have access to coaches and mentors who:

    • Help with cover letters and resumes

    • Understand program outcomes

    • Access resources for personal and professional goals

    The program’s instructors provide:

    • Delivery of technical content

    • Insight into the field/industry

    • Guidance on certifications and industry credentials

    Depending on the program, different resources may be available in different locations, but the Learner Experience team helps connect learners to a variety of resources including:

    Generation’s mission is clear, to provide a meaningful career and sustained well-being for every person. 

    This is especially true in uncertain times like these as Generation continues to give students the strong foundation and necessary support they need to manage their lives during the program so they can focus on learning and achieving their goals. 

    To learn more about Generation or become a student or partner visit: usa.generation.org. 

    About Generation

    Generation USA is a nonprofit that transforms education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. The global pandemic has led to an unprecedented surge in unemployment. Even before the pandemic, more than 75 million young adults were out of work globally, and three times as many were underemployed—and 375 million workers of all ages needed to learn new skills by 2030. At the same time, certain jobs remain in high-demand, and 40 percent of employers say a skills shortage leaves them with entry-level vacancies. To date, more than 38,000 people have graduated from Generation programs, which prepare them for meaningful careers in 14 countries. Generation works with more than 3,900 employer partners and many implementation partners and funders. For more, visit usa.generation.org.

    Media Contact

    Amy Kauffman
    amy@newswiremail.io

    Source: Generation USA

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  • Looking for Work or a Better Paying Job? This Online Service Can Help Anyone Qualify for Their Dream Career

    Looking for Work or a Better Paying Job? This Online Service Can Help Anyone Qualify for Their Dream Career

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    Pursuely helps clients polish their resumes with customized, verifiable academic credentials, work histories, and references so they can qualify for the jobs they seek. Most resumes don’t tell the whole story about someone or their abilities. With Pursuely, job seekers can go from dreaming to doing.

    Press Release



    updated: Oct 12, 2020

    ​​​​​​​​​​​​​​​​​​​Millions of Americans looking for work may finally have the chance to pursue their dream career. Pursuely, a new company specializing in resume and career-enhancement services, is taking a radical new approach to the way people apply and qualify for new jobs. With Pursuely’s personalized Career Packages, job-seekers can apply for the jobs they want most with confidence behind each application.

    Pursuely works directly with clients to provide credibility-enhancing documents and references that can remove the roadblocks that come with job-hunting. The company believes that a person’s resume cannot truly capture the full scope of a person’s lived experience — which is why it designs custom Career Packages that emphasize each client’s best attributes and skills to potential employers.

    The references and credentials Pursuely offers are in a class above anything out there. All of its career and educational references are from highly developed sources with distinguished and established histories. This adds much-needed credibility to each resource that clients need to succeed. All Career Packages include a career-specific academic credential (i.e. Bachelors’s degree, etc), current and prior employment references, as well as personal and professional references.

    All resources are listed in major directories and have a searchable online presence. All support agents are fully prepared to back up each reference for inquiries and will be familiar with small details that even clients might not even think of asking.

    Prospective clients may be wondering “Is this safe? Is this legal?” Not only are Pursuely’s services completely by-the-books to the letter of the law, but the company also takes great pride in its privacy-first policies. This includes encrypted offline data storage for client records, remote security monitoring, and absolute client confidentiality.

    Pursuely tailors its references and credentials to suit each client’s goals and aspirations and offers in-house consultation services to chart an ongoing career path.

    Each Career Package is designed to encompass all aspects of a client’s professional history, and every facet of their experience and growth is backed by local, U.S.-based agents who can vouch for any credentials and references they list on their resume. If Pursuely gets a call from a recruiter, you can count on the company to fully back up their client.

    Studies have shown that meaningful employment can prevent drug and alcohol abuse, reduce instances of hunger and homelessness, and eliminate criminal activity in people’s lives.

    The material needs of ordinary people often trump the barriers put up by industry leaders and professionals. Without gainful employment, anyone can have a hard time finding shelter, feeding themselves, or living a dignified life.

    By empowering clients to reach the same level playing field as others in society, Pursuely drastically improves their chances of becoming respected, law-abiding community members.

    Pursuely believes that a meaningful job can put anyone on the right path to becoming a great producer and leader in our society. Nobody can truly say how often some of the brightest talents in the world go overlooked because of a lack of written credentials. That’s why Pursuely’s mission is to give all job-seekers an equal chance to shine on their own merits. Pursuely makes the incredible credible.

    Pursuely offers customized fully verifiable academic credentials such as high school diplomas, bachelor’s, and master’s degrees along with employment references from more than 100 different established businesses and institutions in a variety of industries and fields starting at just $995. No matter what someone’s professional aspirations are, Pursuely can help jumpstart anyone’s career and take the next step towards something new.

    Media Contact   
    Brett Sullivan
    VP of Public Relations
    The Pursuely Company
    Phone: (720) 927-3200
    Email: brett.sullivan@pursue.ly

    Source: The Pursuely Company (Pursuely)

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  • GigSmart Launches Unemployment Resource Center to Assist Americans Affected by Coronavirus

    GigSmart Launches Unemployment Resource Center to Assist Americans Affected by Coronavirus

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    GigSmart’s state-based online resource center provides guidance to those who need financial benefits or health benefits due to the COVID-19 pandemic.

    Press Release



    updated: May 26, 2020

    GigSmart, the smart staffing solution connecting businesses with available workers, launched a Coronavirus Unemployment Resource Center to make it easier for Americans who have been impacted by coronavirus (COVID-19) to find important state-specific information regarding unemployment insurance, financial aid, and healthcare benefits.

    The Coronavirus Unemployment Resource Center instantly connects interested individuals to a myriad of available resources, specific to the state in which they reside. Each state-based information page provides detailed instructions on COVID-19 relief from how to file for unemployment benefits to accessing mortgage or rent assistance, information about the Coronavirus Stimulus Package, the CARES Act, and more.

    “With a record 20.5 million Americans impacted by job loss in April, we want to help those who need financial assistance easily access all available resources and information offered by their state,” said Rich Oakes, President of GigSmart. Oakes continued, “In addition to connecting Americans to this important information, we want to help them get back to work. They can use our Get Gigs app to quickly and easily see open hourly gigs, part-time jobs, and full-time jobs now hiring in their immediate proximity.”

    Launched in December of 2018, GigSmart’s Get Gigs app connects over 170,000 users to local work opportunities via skills matching. As individual states transition out of stay-at-home orders, GigSmart is experiencing increased demand for workers in warehousing, landscaping, construction, food delivery, grocery, and general labor. With the Get Gigs app, anyone looking for work can be notified in real-time as open positions are offered in their area.

    Available in all 50 states, the number of users leveraging GigSmart’s two-sided staffing platform is growing significantly month-over-month. Businesses can leverage the Get Workers app to source temporary labor across 3,000+ skills, and individuals can use the Get Gigs mobile app to access local, on-demand, and scheduled Gigs or part-time and full-time jobs available across nearly every industry. To access the newly launched Coronavirus Unemployment Resource Center, to create a free Get Gigs account to instantly find open work opportunities in your area, or to learn more about GigSmart, please visit www.gigsmart.com.

    About GigSmart

    GigSmart is a software development company focused on providing modern solutions to meet the needs of a rapidly evolving economy. GigSmart’s hiring platform provides on-demand staffing solutions to connect businesses looking for labor with available workers. Launched in December of 2018, GigSmart’s Get Gigs and Get Workers apps have already surpassed 300,000 installs. GigSmart’s alternative staffing solutions serve all 50 states in industries like construction, manufacturing, transportation, retail, customer service, and professional services. GigSmart is headquartered in Denver, Colorado, with 35 full-time employees.

    MEDIA CONTACT:
    Rich Oakes​
    roakes@gigsmart.com
    720.892.6371

    Source: GigSmart

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  • Woman Owned, Navigant Global, Offering Free and Discounted Services During COVID-19 Crisis

    Woman Owned, Navigant Global, Offering Free and Discounted Services During COVID-19 Crisis

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    Navigant Global Announces Free Career Coaching and Resume Review for Job Seekers and Discounted Placement Rates For Companies and Organizations During COVID-19 Crisis

    Navigant Global, a premier Career Placement Agency, today announced that it is offering complimentary career coaching to job seekers and discounted placement fees for companies during the COVID-19 crisis.

    Navigant Global will continue to place Executive and C-Suite positions while expanding its services to entry-level and mid-management placements with plans to match people nationwide with available positions.

    Job Seekers, those seeking career coaching or resume review and business looking for assistance filling roles should visit the Navigant Global website at www.navigantglobal.com or call the company directly at 303-529-7519.

    Navigant Global is a female-owned and lead organization based in Denver Colorado; boasting a virtual team that spans the nation with hubs in Minneapolis, Omaha and Los Angeles.

    Contact: Natalie Roberts
    303-529-7519
    March 30, 2020

    Source: Navigant Global

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  • RespectAbility Report: Tenfold Decrease in Job Gains for People With Disabilities

    RespectAbility Report: Tenfold Decrease in Job Gains for People With Disabilities

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    Only 29,893 people with disabilities entered the workforce in 2018, a tenfold decrease compared to 343,000+ new jobs in 2016.

    Press Release



    updated: Feb 25, 2020

    Job gains among Americans with disabilities have dramatically fallen compared to previous growth. The Disability Statistics Compendium, released earlier this month by the Institute on Disability at the University of New Hampshire, shows the national disability employment rate has only risen to 37.6 percent compared to 37 percent last year.

    Out of more than 20 million working-age (18-64) people with disabilities, only 7.6 million have jobs. A serious gap remains in the Labor Force Participation Rate (LFPR) between people with and without disabilities. In 2018, 37.6 percent of working-age U.S. civilians with disabilities living in the community had a job, compared to 77.2 percent for people without disabilities. There is a stunning 40-point gap in employment outcomes between people with and without disabilities. Even as other minority groups are entering the workforce in larger numbers, people with disabilities are left behind.

    The nonpartisan disability group RespectAbility compared this year’s Compendium to previous years. What they found is, nationwide, there were only 29,893 new jobs for people with disabilities in 2018. This is a precipitous drop from the previous year’s increase of more than 111,000 new jobs and a tenfold decrease compared to the 343,000 new jobs experienced by people with disabilities in 2016.

    While job gains nationwide are down for job seekers with disabilities, some states are succeeding at getting more people with disabilities jobs. More than half of all people with disabilities in North Dakota and South Dakota are employed, compared to only 28 percent of West Virginians with disabilities.

    Only 26 of 50 states saw more people with disabilities entering the workforce. California is emblematic of the struggle to get more people with disabilities into the workforce. As documented by RespectAbility last year, more than 19,000 Californians with disabilities gained new jobs in 2017. However, those gains have been wiped out with a net loss of more than 21,000 workers with disabilities leaving the workforce and widening the gap in employment rates.

    By contrast, Arizona saw the largest single job gain among people with disabilities in 2018. 17,419 Arizonans with disabilities got jobs in 2018, putting the Grand Canyon State far ahead of the rest of the country on getting people with disabilities into the workforce.

    Clear goals and inter-agency cooperation in Florida resulted in 9,802 new jobs. Florida consistently had some of the biggest job gains among workers with disabilities each year. Florida’s efforts are coordinated by the Florida Agency for People with Disabilities, a major state agency with written agreements and specific goals. 

    RespectAbility CEO Jennifer Laszlo Mizrahi said: “Persistence and accountability are crucial to close the gap in labor force participation rates between people with and without disabilities. Hiring people with disabilities is great for employers too.”​

    Media Contact:
    Lauren Appelbaum
    LaurenA@RespectAbility.org
    202-517-6272

    Source: RespectAbility

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