Category: fox-business/jobs

Your job offer has been rescinded. Now what do you do?

Imagine that you nailed the interviews, your references checked out, you negotiated your salary and you were extended a job offer — but then, a few days later, you received the unfortunate news that your job offer has been rescinded.  Many people don’t have to imagine this. It’s happened to them.  While the experience can be frustrating and disappointing, there are smart ways to handle…

Over half of workers told to come in the office are currently or plan to look for a new job...

Over half of employees who have been told by employers to work in the office are currently or planning on looking for a new job this year, per a report released Monday.  “Eighteen percent of workers forced to [return to the office] say they are currently looking for a new job” and “36% plan to look this year,” ResumeBuilder.com found in a February survey conducted…

Viral work trend favors ‘the big talk’ during job interviews over small talk: ‘Vulnerability is disarming’

During job interviews, there is usually some informal back-and-forth chitchat about the applicant’s interests and potential career track — or the interviewer’s, in some cases.  Yet today “the big talk” — a viral career trend — is taking place instead of the small talk of old as Gen-Zers and millennials focus on showing their vulnerability and trying to create deeper connections, said David Rice, careers…

US steel worker sounds off as WV tin plant shuts its doors, putting 900 jobs on the line: ‘Total travesty’

A West Virginia steelworkers’ union president is livid over the International Trade Commission’s decision against tariffs on foreign tin imports, a verdict that could shutter the doors of a mill in the Mountain State and put nearly 1,000 jobs at risk. “This is a total travesty. It’s totally un-American to me. It’s one of the most un-American decisions that has ever been made that’s going…

Worried about losing your job? Financial backup plan is essential, say experts

With daily reports in the media about companies laying off employees and small business owners struggling to make their payrolls, millions of Americans are going to sleep each night worried they may lose their jobs.  Although the reality of these difficult economic conditions exists, excessive worrying about the prospect of being downsized isn’t an effective way to handle the possibility, experts say.  To be better…

Soft skills are in great demand in today’s workforce: Here’s why

Your job performance is a combination of your “hard skills” — your technical knowledge and hands-on work product — and your intangible “soft skills,” which are taking the American workplace by storm.  Soft skills are non-technical skills that relate to how you work. These skills include how you interact with colleagues, how you solve problems and how you manage your work, according to The Balance,…

Super Bowl hangover: IT managers bracing for surge in remote work on Monday

Prior to the pandemic lockdowns hitting the U.S. in 2020, the number of Americans who said they expected to miss work the Monday after the Super Bowl that year hit a record high of 17.5 million, according to the Workforce Institute at Kronos’ annual “Super Bowl fever” survey at the time. But now that hybrid work is commonplace, fresh data indicates opting to work from…

Successful entrepreneur ditches college degree for ‘hands-on experience’

You don’t need college to be successful, according to one entrepreneur who acquired her skills on the job. “I just kind of knew I had that feeling of like, I need to do something on my own, have my own business, make my own success.” Floor Coverings International owner Krista Farney shared during Wednesday’s “The Big Money Show.“ “I started early on. My mom was…

Late for meetings or work events? How this bad habit can hurt your career

Showing up late for work, meetings, events and other job-related responsibilities can be a problem for people in today’s work culture, a number of hiring and human resource professionals indicated in interviews with FOX Business.  When employees are late, they’re conveying a lack of concern about their job and a lack of concern as well for other people in their organization, especially their manager or…

CVS store fined for unsafe working conditions and putting customer, staff safety at risk

A CVS pharmacy in Ohio was fined $250,000 after an investigation by state officials found that it failed to properly staff the location and put employees and customers at risk.  An investigation initiated in 2021 by the State of Ohio Board of Pharmacy revealed that customers had experienced “significant delays in obtaining prescriptions,” the store’s phones weren’t working properly, there was a lack of proper…

US steel workers outraged over billion-dollar deal ‘selling out’ employees to a foreign entity

Steel has become an integral part of the American economy. But as a large portion of the sector is being “sold off to the highest bidder,” members of the United Steelworkers (USW) union are sounding off over the transaction. “It was the workers that drove the force for the profits to be made, and at the end of the day, they sold off to the…

Layoffs skyrocketing in 2024: Here are the companies axing jobs

It is becoming clear that companies are not finished with layoffs. It is only four weeks into the new year, and tens of thousands of jobs have already been slashed across a multitude of industries, from Wall Street to travel, tech and media.  Many executives attributed the cuts to ongoing efforts to reorganize. It underscores how concerns about the economy are forcing employers to tighten…

Can certain personality traits help you boost your job interviewing skills? Book author reveals all

Anna Papalia, the Philadelphia-based author of the just-published book, “Interviewology” (Harper Business, Jan. 30, 2024), has some key tips for those in search of new jobs — as well as those on the front lines of filling those positions. Speaking to Fox News Digital, the career influencer and former director of talent acquisition said there are four unique interview styles that can help both jobseekers…

Estee Lauder to lay off up to 5% of workforce

Cosmetics company Estee Lauder announced on Monday that it will cut up to 5% of its global workforce as part of a restructuring plan. The company, which employs about 62,000 people worldwide, said the layoffs will affect up to 3,000 positions. LAYOFFS SKYROCKETED IN 2024: HERE ARE THE COMPANIES AXING JOBS Estee Lauder said the cuts stem from a new restructuring program focused on “the…

Massachusetts focuses on skills-based hiring, eliminates college degree requirements for about 90% of jobs

The State of Massachusetts is eliminating college degree requirements for more than 90% of its job postings, putting more emphasis on skills-based hiring practices. In January, Massachusetts Gov. Maura Healey signed an executive order only allowing degree requirements to be part of a job posting “when absolutely necessary” to the performance of the role being sought. By doing so, the governor’s office said, the administration…

These 3 interviewing mistakes could get you knocked off the hiring hot list

For job hunters, getting called for an interview is a great feeling — but getting a call for a second interview is even better.  Although you prepared for your first interview by rehearsing your answers to questions, providing a detailed history of your career accomplishments and positioning your skillset as a top contender, there could be mistakes you’re making that are hurting your hiring chances….

U.S. heads toward slow recovery with 353,000 jobs added in January

Employment numbers for nonfarm payroll rose by 353,000 in January, the U.S. Bureau of Labor Statistics reported in its monthly Employment Situation Summary. The unemployment rate remained unchanged from last month, holding at 3.7%. This is the third month in a row unemployment stayed steady. The number of unemployed people barely changed at 6.1 million, BLS data found. “The U.S. economy added 353,000 jobs in…

January jobs breakdown: Which industries hired the most workers last month?

U.S. job growth came in stronger than expected in January, boosted by a flurry of hiring across different sectors of the economy. Employers added 353,000 jobs in January, the U.S. Department of Labor said in its monthly payroll report released Friday, nearly double the 180,000 gain forecast by Refinitiv economists. The unemployment rate held steady at 3.7%, against expectations for a slight increase. “So much…

US job growth unexpectedly jumps in January as economy adds 353,000 new positions

U.S. job growth unexpectedly surged in January, underscoring the resilience of the labor market even in the face of high interest rates and stubborn inflation. Employers added 353,000 jobs in January, the Labor Department said in its monthly payroll report released Friday, easily topping the 180,000 gain forecast by Refinitiv economists. The unemployment rate held steady at 3.7%, against expectations for a slight increase. Wage…

Teens working part-time jobs at highest rate since 2009 in ‘perfect storm’ of economic conditions, stability

More high-schoolers are turning to part-time work these days than millennials did when they were teenagers, according to reports. Roughly 250,000 young teens are now working part-time jobs, compared to before the COVID-19 pandemic, The Washington Post reported. Thirty-seven percent of 16-19-year-olds were employed or searching for jobs in 2023, which is the highest rate since 2009.  Experts say the up-tick in working teenagers is…

Why a messy office at work could be hurting your career

Whether it’s a cubicle or an office, your workspace tells others more about you than you think. If your workspace has stacks of unorganized paper, objects flung on the floor, empty water bottles or dirty coffee mugs — or if it’s just a general place of disarray — you’re sending messages to coworkers and colleagues that aren’t positive.  Two experts weighed in as to why…

January jobs report expected to show that hiring slowed last month

All eyes will be on the January jobs report when it is released Friday morning, as investors look for clues about the labor market’s health in the face of higher interest rates and still-high inflation. The Labor Department’s high-stakes January payroll report, due at 8:30 a.m. ET, is projected to show that hiring increased by 180,000 last month and that the unemployment rate inched higher…

Deutsche Bank to lay off 3,500 employees

Deutsche Bank is cutting 3,500 jobs as it aims to shave off billions in operational costs by 2025.  On Thursday, the German investment bank announced that it made further progress on its operational efficiency program during 2023. The goal of the program is to cut costs by 2.5 billion euros, or about $2.7 billion. While the bank made progress on this goal, it noted that…

Private sector job growth cools sharply in January to 107,000, worse than expected: ADP

Hiring by U.S. companies slowed more than expected than expected in January, a possible sign the labor market is finally slowing in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning. Companies added 107,000 jobs last month, missing the 145,000 gain that economists surveyed by Refinitiv predicted. The weaker-than-expected report comes in the wake of an aggressive tightening…

Tropicana Las Vegas ceasing operations this spring to make way for new ballpark

The Tropicana’s last days are in full effect after its owner announced the date it will cease operations ahead of demolition for a new professional baseball stadium. Slot machines will no longer be heard on the resort’s casino floor on the Las Vegas strip after April 2, just shy of its 67th anniversary.  Bally’s Corporation made the announcement Monday, FOX 5 Las Vegas reported. But…

Outdoor retailer REI slashes workforce by more than 350 workers, prepares for ‘challenging’ year ahead

Outdoor retailer Recreational Equipment, Inc. (REI) has laid off 357 employees according to a message shared with employees by CEO Eric Artz. REI announced the reduction in workforce on Thursday, detailing that it impacts 200 people at headquarters near Seattle, six in sales and customer service, 30 in experiences and 121 in its distribution centers.  “Decisions like these—with real impacts to people’s lives and livelihoods—are…

Why you should think twice about sharing business gripes with work friends

You may have a close pal at work with whom you chitchat in the morning, grab lunch with now and then, share stories about your relationships and even text during the workday about everything from weekend plans to problems with co-workers.  But for the sake of your career and your reputation, shouldn’t you be cautious about spilling your soul about gripes you might have at…

Jobs for those over age 40: Here’s how to best land a new one

Forty may be the new 50, but how can employees in their 40s best highlight their skill sets to shine in today’s competitive job market and land a new position?  Whether it’s adding tech-savvy skills to a resume, boosting SEO search terms or incorporating more social media in your job search, there’s much to know in the career landscape.  FOX Business reached out to job…

Levi’s to cut up to 15% of global workforce

Levi Strauss & Co. announced plans to cut up to 15% of its global workforce as it restructures under new leadership.  The cuts are part of the company’s global productivity initiative and are expected to take place over the first half of the year under incoming CEO Michelle Gass.  The company is trying to rapidly tighten its belt as it contends with macroeconomic challenges and…

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