SSC News Desk Friday’s Bureau of Labor Statistics report delivered a 106,000-job miss and revised May and June lower by a combined 103,000. The unemployment rate fell because the labor force shrank. The number economists projected for July was +83,000. The number the Bureau of Labor Statistics delivered Friday morning was -23,000. That is a miss of more than 106,000…
Over 1,600 workers have lost jobs in the Charlotte region so far in 2026. Most of the companies cutting them never said a word publicly. Part of Society, Economy & Wellness — examining how economic pressure reshapes labor, access, and everyday life. NEWS DESK | SOCIAL STORYTELLERS COLLECTIVE The Charlotte Observer’s Desiree Mathurin reported this…
Amazon, Walmart, FedEx and more than 20 other employers filed WARN notices for August. The labor market looks stable. The WARN data tells a different story. Part of Society, Economy & Wellness — examining how economic pressure reshapes labor, access, and everyday life. NEWS DESK | SOCIAL STORYTELLERS COLLECTIVE The Worker Adjustment and Retraining Notification…
The work of coordination is being automated. What’s disappearing with it isn’t overhead — it’s the apprenticeship that used to build leaders. Part of Society, Economy & Wellness — examining how economic pressure reshapes labor, access, and everyday life. NEWS DESK | SOCIAL STORYTELLERS COLLECTIVE There’s a specific kind of meeting that has defined corporate…
BMW’s announcement of 8,000 job cuts—roughly 5% of its global workforce—by end of 2027 marks a turning point for the German automotive giant. The cuts, primarily targeting desk jobs and administrative roles, signal a company in crisis mode: torn between protecting current profits and betting billions on an uncertain electric future. It’s a story that…
Bloomberg reported Tuesday, citing a staff memo from CEO Ryan McInerney, that Visa will eliminate roughly 2,600 positions — about 7% of its workforce — with technology and product teams taking most of the reductions. The company announced the cuts hours before releasing fiscal third-quarter results showing net revenue of $11.6 billion, up 14% year…
Reuters reviewed documents showing Samsung Electronics America is eliminating 739 positions in Englewood Cliffs, New Jersey, tied to the relocation of its headquarters to Texas, alongside cuts across its U.S. display, smartphone, and other consumer electronics operations. A separate layoff tracker recorded the same event in mid-July with a note that the company was offering…
The Oregonian first reported on July 20 that Intel has told employees in its Data Center and AI Group to expect a fresh round of job cuts, a move the company confirmed to Business Insider as part of a broader effort to become a more focused and efficient company. The detail that makes this worth…
According to AP reporting, initial jobless claims ticked up this week as layoffs continued across tech, entertainment, and creator platforms. The unemployment rate remained stable at 4.2%. On the surface, this is reassuring. Claims are rising but unemployment holds steady—the economy is adjusting, not collapsing. But the stability masks what’s actually happening beneath the headline number….
Patreon announced layoffs affecting roughly 20% of its workforce this week, framed as restructuring for operational efficiency. The creator-focused platform that was built as an alternative to traditional media gatekeeping is now making the same institutional choice traditional gatekeepers have always made: cut operational costs to improve profitability metrics. The timing matters. Patreon was founded…