Disney, layoffs
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The "low hire, low fire" job market appears to be continuing as layoffs remain low and companies focus on seasonal expansions.
The entertainment giant joins the growing list of companies cutting jobs amid restructuring efforts.
The number of Americans filing new claims for unemployment slipped to a 57-year last week as layoffs remained low against the backdrop of a resilient labor market.
Hiring plans are up 3% so far this year, signaling the labor market remains resilient, experts say.
After laying off about 6% of its workforce, Netflix also replaced Chief Content Officer Bela Bajaria with Peter Rice. It marked the biggest round of layoffs at the streamer in four years. TheWrap's
Circle Internet Group, the New York company behind the USDC stablecoin, cut about 5% of its workforce in the third quarter. The disclosure sat in a footnote to earnings that showed profit rising.
Biotech and pharma professionals share job hunt challenges after being let go, while a recruiting expert discusses why hiring managers prefer candidates without employment gaps and how to address gaps in interviews.
Canva is cutting, relocating, or restructuring 22% of its staff as it navigates the next phase of the AI boom.
