Economic Conditions

Business News

These 15 U.S. States Have the Highest Employment Levels, According to a New Report

In April, 17 states had unemployment rates lower than the national average of 3.4%.

Growing a Business

I Asked ChatGPT How to Recession-Proof a Business. Here's What It Suggested (and What I Would Do Differently).

Silicon Valley's leading artificial intelligence weighs in on how you can make your business more resilient to economic downswings.

Growing a Business

Why a Recession Can Be a Good Time to Expand into a New Country

Explore the strategies that can help companies identify and capitalize on the hidden value in recessions.

Growing a Business

Why Ecommerce Businesses Can't Afford to Stand Still During a Downturn (and What They Must Do Instead)

Here's how ecommerce businesses can take advantage of the current downturn and race ahead of the competition.

Business News

Elon Musk Says Remote Work Is 'Morally Wrong,' Calls It 'Messed Up'

In a recent interview, the tech CEO didn't hold back on his opinion of work-from-home culture.

Leadership

Why Companies Must Leverage Outsourced Development Teams to Weather Economic Downturns and Layoffs

Despite short-term measures to strengthen against the economic slowdown, companies still need to find ways to manage existing technical debt and innovate at the same time.

Business News

LinkedIn Is Cutting 716 Jobs, Blaming Shifts in 'Customer Behavior' and 'Slower Revenue'

The news of the layoffs comes a week after LinkedIn turned 20.

Growing a Business

How to Survive the Startup Roller Coaster in Times of Economic Uncertainty

As investments slow down, the future for startups is becoming a little clouded. Yet, with a change in strategy and approach, surviving any downturn is more than possible.

Business News

IBM Says 7,800 Jobs (or Nearly 30% of Its Workforce) Could Be Replaced By AI

IBM CEO Arvind Krishna told Bloomberg workers in non-customer-facing roles will be affected. Other companies have also pivoted business models as artificial intelligence increasingly disrupts norms.

Growing a Business

The New Strategies Helping Small Businesses Survive and Thrive During Recessions

Here are a few modern strategies to help small businesses survive and succeed in an economic downturn.

Business News

'We're All Worse Off': Top Economist Says People Need to Accept That Everyone Is Poorer in Today's Economy

On a recent podcast, Bank of England's chief economist, Huw Pill, said that Brits need to stop asking for pay raises, which is driving inflation higher.

Business News

CEO Apologizes After Telling Employees Not To Ask About Bonuses and 'Leave Pity City'

The CEO and President of furniture company MillerKnoll delivered a harsh message to employees during a town hall.

Business News

'There's This Fear That Everything Will Crash': Home Prices Are Falling, But There's Still a Lack of Listings

In March, the median home price in the U.S. fell by 3.3%, marking the largest year-over-year drop in over a decade.

Business News

You Need a 6 Figure Salary to Be Considered Middle Class in This U.S. City

Middle-class status is the hardest to attain in tech cities like San Francisco and Seattle.

Business News

Ernst & Young to Cut 3,000 Jobs Due To 'Overcapacity' and 'Current Economic Conditions'

The layoffs will impact nearly 5% of the accounting giant's workforce.