People are “getting really personal” and leveraging their social media networks, says Danielle Abril of The Washington Post.

Northvolt opened Europe’s first electric battery factory in 2022 but has laid off roughly 1,600 workers in recent months.

While layoffs have been low over the last few months, the uptick signals that the labor market may be starting to lose momentum.

That statistic has risen to almost a three-year high. But if the labor market continues to add jobs at current rates, losers may become winners.

Now, the company has to rebuild trust with workers as well as airline customers who have been canceling orders.

KPMG’s latest U.S. CEO Outlook survey finds that more than 70% of corporate executives feel AI “will not dramatically change their workforce.”

Even with a comparatively low unemployment rate, layoffs are rising. A new survey lays out some of the sacrifices workers are willing to make to avoid that fate.

Recent data indicates some cooling of the job market, but the real number of people laid off may be higher.

Whatever the reason, shareholders seem to love hearing that jobs cuts are coming.

In the last few days, Microsoft, eBay and Salesforce have joined the list of companies that have made layoff announcements this month.