2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street, Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs...

US and Israeli airstrikes have pounded civilian targets across Iran since the war began on February 28, damaging more than 19,734 civilian units, according to the Iranian Red Crescent Society (IRCS). The ICRS said the figure includes 16,191 residential units, 3,384 commercial units, 77 pharmaceutical and medical centers, and at least 69 schools. The Human […]

US Middle East envoy Steve Witkoff acknowledged on Tuesday that he doesn’t know how the war with Iran will end as US-Israeli airstrikes on the Islamic Republic and Iranian counterattacks continue. “I don’t know, Sara,” Witkoff told CNBC host Sara Eisner when asked how the conflict ends. “I know this, that President Trump is the […]