Jobs

Xbox managers expect substantial job cuts across the gaming division next week as Microsoft continues streamlining processes following its $69 billion Activision Blizzard acquisition.

Long-term unemployment hit a three-year high of 23.5% in April, showing a stagnant labor market in which companies are neither cutting nor expanding their workforces.

CareerBuilder + Monster bankruptcy filing shows $100-500 million in liabilities as the merged company looks to sell off its operations.

Fed Chair Jerome Powell testified that the U.S. economy is in a "solid position" with unemployment relatively low and inflation slightly above the central bank's 2% target.

Kroger plans to close 60 stores over the next 18 months. Affected employees will be offered positions at other locations, the grocer said.

ICE and federal law enforcement arrested 17 illegal immigrants during a workplace inspection at an apartment complex in Bethlehem, Pennsylvania.

Federal Reserve Governor Waller signaled potential interest rate cuts as early as July, despite the Fed's decision to hold rates steady over inflation worries amid Trump's criticism.

The Federal Reserve left its benchmark interest rate unchanged at a 4.25% to 4.5% range at its June meeting, making it the fourth consecutive meeting in which it held rates steady.

Amazon CEO warns AI will reduce corporate workforce as the company embraces generative AI technology, urging employees to adapt in the transformation.

Former 23andMe CEO Anne Wojcicki outbids Regeneron with a $305 million offer through her nonprofit TTAM to regain control of the DNA-testing company she co-founded.

Home decor retailer At Home Group has entered Chapter 11 bankruptcy to pave the way for a "restructuring support agreement" it has reached with lenders.