Employment News

By Lawrence White and Steve Slater HONG KONG/LONDON -- HSBC will redouble its cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to $3 billion in additional...

WASHINGTON -- The number of Americans filing new claims for unemployment benefits jumped last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the...

Companies usually have a tight muzzle on employees when it comes to talking to the press, and even fire workers for embarrassing them in the media. But a San Diego worker at Forever 21, the retail chain, didn't expect to lose her job when she told a local weekly her story of overcoming a life of drug addiction...

It's no secret that employers have been slow to staff up. The unemployment rate has inched down only recently to 7.5 percent. But a new analysis suggests that a significant number of employers plan to hire temp workers for the summer. On Thursday, CareerBuilder released its annual summer hiring forecast, which...

What is the perfect place to work? An office where every employee gets an annual 10 percent raise? And nobody ever gets fired? And the CEO knows everyone's name? And there are free massages and volleyball courts and barrels of candy apples? None of the above. Rob Goffee of London Business School and Gareth...

A Scottsdale, Ariz., pizzeria made TV history Friday, when Gordon Ramsay walked off an episode of "Kitchen Nightmares" for the first time. But that was just the start of the bad press for Amy's Baking Company, after the restaurant's social media accounts blew up with salty language that would make even Ramsay...

Earlier this year, small-town treasurer Rita Crundwell was sentenced to nearly 20 years in prison for embezzling $53 million. It was a shocking case, given the size of the theft and the fact that the town, Dixon, Ill., only has 16,000 residents. But according to a stunning new report, embezzlement -- especially...

By Jennifer Abbey Within in the next three years, one out of three babies born in the United States will be Hispanic. Hispanic American families have become a force, soon spending $1.5 trillion a year on goods, creating jobs for the companies that jump on the opportunity. While there has been a lot of talk...

By Alan Farnham The federal government is accusing a Miami business of having forced employees to practice Scientology. Dynamic Medical Services, which provides medical and chiropractic treatment, is accused by the Equal Employment Opportunity Commission of having compelled at least four of its employees to...