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High inflation, rising costs, rising interest rates and sluggish economic growth will continue in 2023. Maybe 2024 will be better.
Top 3 trends impacting the workforce in 2023
https://www.forbes.com/sites/sap/202...h=39f368b07a91
8 predictions for how the workforce will change in 2023
The workforce of 2023 will continue to evolve, resulting in more hybrid work policies and a greater focus on global candidates.
https://www.inc.com/young-entreprene...e-in-2023.html
Good news for hourly workers in 23 states:
New year brings minimum wage raises to 23 states
California, Connecticut, Massachusetts, New York, Oregon and Washington will be at or above $15 per hour.
https://www.huffpost.com/entry/state...b0ae9de1b06382
"Higher prices." Is anyone surprised? In 1989, the Consumer Price Index began including airline ticket prices. Airfares in 2022 rose by a record 36%, five times higher than the rate of inflation.
Fewer deals, higher prices: Here are the travel trends for 2023
https://www.aol.com/finance/fewer-de...182837373.html
To prevent shoplifting, many stores are keeping cosmetics, cameras, cellphones, electric shavers, video games and other products in locked glass cases – but honest shoppers are not happy about having to find an employee with a key so they can get what they want. Joe Budano, CEO of security device manufacturer Indyme, says putting products under lock and key should be "a solution of last resort." He cites data showing a 15 to 25% drop in sales for locked-up items.
New categories of products to be locked behind glass in Walmart, CVS and Walgreens
https://www.tellmebest.com/walmart-o...-retail-crime/
In November 2022, Amazon became the first company to lose a trillion dollars in market value. Amazon now has company. Shares of Apple closed today at 125.07, down 4.86 (3.74%).
Apple has lost $1 trillion in market value in a year
https://www.cnn.com/2023/01/03/tech/...ine/index.html
Mark Benioff, a former Oracle customer service executive, co-founded the cloud-based software company Salesforce in 1999 in San Francisco. The company went public in 2004. Shares of Salesforce closed today at 139.59, a gain of 4.79 (3.55%).
Salesforce to cut workforce by 10% after pandemic hiring spree
https://www.nbcnews.com/tech/tech-ne...pree-rcna64234
Last month when Amazon began laying off employees, CEO Andy Jassy said job cuts would continue into early 2023. Well, at least he was honest.
Amazon will lay off more than 18,000 workers
https://www.cnn.com/2023/01/04/busin...ffs/index.html
Roku was founded in 2002. The name means "six" in Japanese. It was the sixth company started by British-born billionaire Anthony Wood. Roku created the world's first internet-enabled operating system for televisions and in 2008 introduced a streaming media player. The company will now manufacture Roku-branded televisions and voice-controlled remotes.
Roku announces it will soon make its own TVs
https://www.cnn.com/cnn-underscored/...u-tvs-ces-2023
Bed Bath & Beyond, originally Bed 'n Bath, was founded in 1971 in Springfield, Massachusetts. Five years ago there were 1,350 Bed Bath & Beyond stores in the US and Canada. Now there are 771. (The company also owns Buy Buy Baby, One Kings Lane and Harmon Face Values.) Shares of Bed Bath & Beyond today closed at an all-time low of 1.69, a drop of 0.72 (30.05%).
Bed Bath & Beyond says it may not survive
https://www.cnn.com/2023/01/05/busin...ure/index.html
Amazon Prime membership costs 14.99 per month or $139 per year and includes free shipping for Amazon purchases. It will now include free shipping for purchases made on other websites – but how will Amazon benefit? Perhaps they're expecting more people will become Amazon Prime members.
Amazon expands ‘Buy With Prime’ to all US merchants
https://www.retaildive.com/news/amaz...ime-us/640037/
Sales of Sierra Mist accounted for only 0.1% of the soft drink market. PepsiCo's new lemon-lime soda is Starry. Sierra Mist was a good name for a soda. Starry is not.
Sierra Mist is discontinued. Meet Pepsi's new soda to take on Sprite.
https://www.bloomberg.com/news/artic...take-on-sprite
Gerber wants Twitter to hire third-party security auditors. He will be disappointed. Elon Musk likes to fire, not hire.
Twitter sued over data breach after hack site claims 200 million compromised accounts
New Yorker Stephen Gerber is seeking class-action status for everyone whose personal information was leaked.
https://www.huffpost.com/entry/twitt...b0ae9de1c9590c
Microsoft, Amazon, Salesforce and Meta/Facebook hired many thousands of workers – too many – during the COVID pandemic. Now, amid fears of a recession in 2023, those companies are laying off many thousands of workers. Microsoft's job cuts affect 5% of its workforce.
Microsoft is laying off 10,000 employees
https://www.cnbc.com/2023/01/18/micr...employees.html
George and Ruth Culver, their son Craig and his ex-wife Lea opened their first restaurant in 1984 in Sauk City, Wisconsin. There are now 900 Culver's restaurants in 26 states – and many customers are outraged that the chain has replaced Pepsi products with Coca-Cola products. Really? Is there that big a difference between Coke and Pepsi?
Midwest burger chain Culver's is switching from Pepsi to Coca-Cola and fans are livid: 'Ruined my entire day'
https://www.today.com/food/restauran...lash-rcna66771
Thousands of Google employees, many of whom had tenure or had recently been promoted, were surprised to discover they'd been fired and no longer had access to company properties. They're wondering what criteria were used to determine whose jobs were cut. Management has told them to save their questions for a town hall next week.
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
https://www.npr.org/2023/01/20/11502...ffs-12000-jobs
Worldwide in 2022, Google generated $168 billion in revenue from digital advertising. Instagram generated $78 billion, Facebook $58 billion and Amazon $44 billion. It seems to me that Google has a dominance and not a monopoly – but the Department of Justice disagrees.
Justice Department files antitrust lawsuit against Google over digital advertising
ABC News, Jan 24 2023 12:57 PM
The Justice Department and eight states filed a historic antitrust lawsuit today targeting Google over what they allege is the Big Tech giant's monopoly over the online advertising market. "Monopolies threaten the free and fair markets on which our economy is based," Attorney General Merrick Garland said at a press conference. "They stifle innovation, they hurt workers and producers and they increase costs for consumers." The lawsuit, filed in the Eastern District of Virginia, seeks to "halt Google's anticompetitive scheme, unwind Google's monopolistic grip on the market and restore competition to digital advertising."
https://abcnews.go.com/Business/just...ry?id=96638563
Walmart has more than 11,000 stores across 25 different countries. Walmart has 1,700,000 employees in the United States and 2,300,000 worldwide. Sales in 2022 topped five hundred billion dollars. The company can easily afford this hike in its minimum wage.
Walmart is raising its minimum wage to $14 an hour
https://www.cnn.com/2023/01/24/busin...ges/index.html
Speaking this morning with Fox Business News' Maria Bartiromo, Wall Street economist Nancy Lazar said the United States is seeing a "very desynchronized economy." She predicts a recession in the second half of 2023 as lag effects from the Federal Reserve’s rate hikes take hold. And then there's the stock market.....
Investors say they're bracing for the stock market to hit new lows this year amid weak corporate earnings
https://markets.businessinsider.com/...gs-meta-2023-1
Hayes International in Wesley Chapel, Florida, works with retail, industrial, distribution and manufacturing companies to help prevent "inventory shrinkage" – a euphemism for "shoplifting." The company estimates shoplifters steal 15 to 20 billion dollars' worth of merchandise every year in the United States.
A Walgreens store in North Carolina bans purses and bags to prevent shoplifting. Will others follow?
https://bestlifeonline.com/walgreens...and-bags-news/
The United States added a record 6,700,000 jobs in 2021. Last year saw the second-highest number of jobs added: 4,500,000. This year is getting off to a good start.
U.S. added 517,000 jobs in January as employers drove unexpected hiring surge
Monthly job gains far outpaced the 187,000 forecast as the unemployment rate fell to a historic low of 3.4%, showing the labor market remains strong despite the Fed’s continued interest rate increases.
https://www.nbcnews.com/business/bus...cted-rcna68977