Tag: Labor/Personnel
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Netflix attacked for posting AI jobs that pay $900K while writers, actors strike
[ad_1] Among the many reasons why Hollywood actors have joined screenwriters in a historic industry-stopping strike are calls for better pay, plus greater protections against the rise of artificial intelligence in developing scripts or using artist’s likenesses in movie and TV productions. So it shouldn’t come as a surprise that Netflix NFLX, -1.18% is catching…
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Biogen to slash 1,000 jobs as it looks to save $700 million
[ad_1] Biogen Inc. BIIB, -3.58% said Tuesday that it will eliminate about 1,000 jobs as part of a broader cost-cutting initiative designed to save $700 million annually. The belt-tightening comes as the biotech company launches its Alzheimer’s treatment, Leqembi, a collaboration with Eisai Co. Ltd. ESALF, -2.36% that received full U.S. Food and Drug Administration…
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Don’t raid your retirement accounts—but here’s when you can do it safely, if you have to
[ad_1] This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Raiding your retirement accounts can be expensive. Withdrawing money…
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Disney faces several ‘concerning’ trends that make one analyst ‘more nervous’
[ad_1] Walt Disney Co. continues to give Macquarie analyst Tim Nollen new reasons to worry. The entertainment giant is in the midst of a cost-cutting push, but that can only help so much, according to Nollen. His list of “concerning” revenue trends is growing, and he thinks those dynamics could weigh on Disney’s DIS, +0.03%…
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Lights, camera, silence: Hollywood actors’ strike halts ‘Deadpool 3’ and more
[ad_1] But now that Hollywood actors who are members of the Screen Actors Guild have joined the writers on strike — on July 13 — filming or producing anything has become nearly impossible. As the industry insiders at Variety note, some movies and shows were able to continue running during the writers’ strike without the…
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Jobless claims drop to 237,000 and point to still-strong U.S. labor market
[ad_1] The numbers: The number of Americans who applied for unemployment benefits last week fell by 12,000 to 237,000, indicating most companies are reluctant to fire workers even in a more uncertain economic environment. New jobless claims declined from a revised 249,000 in the prior week, government data showed. The decline could be tied in…
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Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads and USPS raises stamp prices for the third time in the past year
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads For the second time in two weeks in L.A., housekeepers, cooks, dishwashers and other hospitality workers have walked off the job. Read More What exactly are flash floods, like those hitting New York…
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Worker pay is still going up fast — and that means higher interest rates
[ad_1] Rising pay is usually a good thing for workers and the economy, but right now higher wages might be too much of a good thing. Why? Bigger paychecks are adding to inflation and making it harder for the Federal Reserve to get prices under control. As a result, the Fed is likely to keep…