labor
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U.S. Oil Companies Are Making Record Profits but Not More Jobs
Five major oil and gas companies are set to release their Q2 earnings reports on Thursday and Friday. The numbers are already astronomical: Shell announced Thursday it had made a jaw-dropping $US11.5 ($16) billion in profit last quarter, smashing a record it set earlier this year. The industry is expected to log a record $US50 ($69)…
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Meta Feels the Downturn Burn, Slashes Hiring by 30%
Big tech is going through a hard time. Meta, the parent of Facebook and Instagram, has become the canary in the coal mine after its stock plummeted in February, months before other tech giants. Now, in an ominous turn, the company is slashing its hiring of engineers by 30%, from about 10,000 to between 6,000…
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Australia’s Big Water Problem: 6 Things the Government Needs to Fix Now
During the federal election campaign, Labor promised to future-proof Australia’s water resources. Now, they must deliver on the policy.
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SpaceX Fires Employees Who Dared Question Musk’s Tweets
SpaceX CEO Elon Musk has shown he does not take criticism very well. So when employees of his rocket company called their boss’ behaviour a “distraction and embarrassment”… well you can see where this is going.