VENTURE CAPITAL POST

American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.

A Pennsylvania-based federal judge ruled to decline calls to block bans on noncompete agreements issued by the Federal Trade Commission, which was a divergence from an earlier decision at a Texas counterpart earlier this month.

Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.

A 23-year-old Indonesian woman had an awkward experience during her flight back to Bali after she called in sick and encountered her boss who was flying on the same plane.

British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.

The unemployment rate in the Philippines was recorded at 4.1% as more Filipinos join the workforce and the labor market, while the underemployment rate decreased to 9.9% in May compared to 14.6% in April, the lowest it has been since 2005.

Sony announced that it would phase out recordable disc development and production after cutting up to 250 jobs at its optical media unit in northeastern Japan.

Upside Foods announced that they were letting go of 26 of its staff and restructuring its executive and leadership teams to delegate processes more directly to staff due to legislative, regulatory, and financial issues.

John Deere said that it was planning to lay off around 600 employees across three of its Midwest factories by the end of August as it intends to focus on its operations in Mexico.

The Sofitel Philippine Plaza in Manila concluded its operations on June 30, 2024 after around half a century of hospitality in the Manila Bay area.

Several basic frontline jobs in Hong Kong’s civil service would be replaced with technology as part of the city’s efforts to restructure its workforce and make 2,000 positions redundant by the end of 2025.

Seven West Media, one of Australia’s top media networks, announced that it would be laying off 150 of its staff due to weak advertising and as a way of preparing for the end of its commercial deal with social media giant Meta.

Panera Bread recently announced that it was closing down its dough-making facility in Chandler, Arizona on Aug. 15, 2024, which also meant laying off all its 64 employees.

LinkedIn Premium users can now use new AI-powered tools to improve their cover letters and resumes.

The US job market has added 303,000 to the economy, above the consensus projection.