Tag: workforce

Delaware’s workforce development strategy is smartly adjusting to new realities

On Jan. 10, Gov. John Carney announced that about 350 state jobs under The Delaware Department of Human Resources would no longer require a bachelor’s degree, adding to the approximately 210 state positions opened in previous changes to requirements for certain state roles. The move is aligned with national hiring trends in the private and government sectors, with former […]

Sports Illustrated Significantly Downsizes Workforce Following License Revocation

Sports Illustrated is grappling with a “significant” cut in its workforce after its parent company’s publishing license was revoked. The crisis emerged as The Arena Group, which operates Sports Illustrated since acquiring publishing rights of the iconic sports magazine from The Authentic Brand Group in 2019, failed to meet its quarterly license fee. Calls were […]

Wayfair to lay off 13% of workforce, affecting 1,650 employees

Wayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of its corporate team, with a focus on people in management and leadership […]

SoFi Layoffs to Hit 7% of the Workforce? What Investors Should Know

In this video, I will talk about SoFi Technologies (NASDAQ: SOFI), the recent layoff reports, why this might have happened, and how it might affect the business. *Stock prices used were from the trading day of Jan. 9, 2024. The video was published on Jan. 10, 2024. Should you invest $1,000 in SoFi Technologies right […]

Susquehanna Workforce Network selected for Recovery Friendly pilot program

Dec. 30—By John Coffren — john.coffren@baltsun.com PUBLISHED:December 30, 2023 at 2:50 p.m.| UPDATED:December 30, 2023 at 2:51 p.m. Susquehanna Workforce Network was one of three organizations selected for the pilot Recovery Friendly Workplace funded by the Maryland Department of Health’s Behavioral Health Administration. The Maryland Department of Labor announced that through September 2024, over $438,000 […]

General Motors slashing workforce at two Michigan plants

General Motors will lay off a total of 1,314 employees at two factories in Michigan in connection to ending production of vehicles, according to the Detroit Free Press. GM filed a WARN notice posted on Thursday that said the Orion Assembly plant’s expected layoff date will take place on Jan. 1, cutting 945 jobs. In […]