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07:47

U.S. financial industry job openings drop to 13-year lows, with 92,000 jobs lost nationwide in February

According to data from the Federal Reserve Bank of St. Louis, by the end of 2025, job vacancies in the U.S. finance and insurance industry will drop to 134,000, a 13-year low, down 75% from 2022. Analysts warn that more layoffs may occur, while the U.S. Bureau of Labor Statistics reports that employment unexpectedly decreased in February, but financial activities defied the trend by adding 10,000 net jobs, which could influence the Federal Reserve's interest rate cut policy.
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06:02

U.S. financial industry job openings fall to 13-year lows: hiring demand plunges 75%, and rate cut expectations may rise

The hiring demand in the US financial and insurance industry has significantly contracted, with job vacancies dropping to the lowest level since 2012, totaling only 134,000. Despite the decrease in hiring demand, overall employment has slightly increased, with the financial sector still achieving a net gain of approximately 10,000 jobs. Market analysts believe that the industry may face a layoff cycle in the future, with economic uncertainty intensifying.
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02:15
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Oracle plans to cut thousands of jobs to cope with funding pressures for AI data center construction

Gate News Report, March 9 — According to Bloomberg, Oracle Corp. plans to cut thousands of jobs to address financial strain caused by large-scale AI data center construction. Sources familiar with the matter revealed that the layoffs will affect multiple departments and could begin as early as this month. As the plans are still internal information, these sources requested anonymity. Two of the sources stated that some layoffs will focus on job categories expected to see reduced demand in the future, partly because the application of artificial intelligence will replace certain jobs.
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04:05
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Lei Jun discusses work patterns in the AI era: in the future, possibly working 3 days a week, 2 hours each day

Gate News Report, March 8 — Lei Jun recently stated in an interview that in the era of artificial intelligence, many rules may be rewritten, and numerous new job opportunities will emerge. Lei Jun recommends approaching the more advanced era with an open mindset. He predicts that future work patterns could undergo fundamental changes, no longer requiring 8 hours of work per day and 5 days a week. Instead, it might only be necessary to work 3 days a week, 2 hours a day.
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07:39

Anthropic Study: AI Theory Coverage Far Exceeds Actual Adoption, White-Collar Jobs Face Unemployment Risk

Anthropic's research report shows that although AI theory covers tasks across multiple fields, the actual adoption rate is only a small fraction. Highly educated, high-income female professionals are the most exposed group. The study warns that as AI develops, white-collar workers may face high unemployment rates. Job search rates have declined significantly, and some young people are choosing to continue their education or temporarily withdraw from the labor market.
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12:07

If the February non-farm payroll report is mediocre, the Federal Reserve's rate cut expectations will extend into the third quarter.

Odaily Planet Daily reports that in February, US ADP employment figures and ISM Non-Manufacturing PMI both exceeded expectations, indicating that the job market, which the Federal Reserve is more concerned about, is becoming more stable. The Fed has also signaled that it is not in a hurry to cut interest rates. Coupled with soaring domestic energy prices due to the war, market expectations for the next rate cut have been pushed back to around September. If the February non-farm payrolls perform modestly or are overshadowed by the war, under the foreseeable scenario of a rebound in inflation, market expectations for the Fed's first rate cut will extend into the third quarter.
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