PYMNTS-MonitorEdge-May-2024

labor

Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
March 15, 2024  |  Ridesharing

Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of...

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Report: Figure AI to Raise $675 Million for Human-Like Robots
Report: Figure AI to Raise $675 Million for Human-Like Robots
February 23, 2024  |  Investments

Figure AI, a startup developing human-like robots, is reportedly in the process of raising $675 million in funding, with a pre-money valuation of roughly $2...

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Jobless Claims Fall in Face of Ongoing Layoffs
Jobless Claims Fall in Face of Ongoing Layoffs
February 22, 2024  |  Economy

New Department of Labor data shows a drop in initial applications for unemployment in the United States. Unemployment claims fell by 12,000 to 201,000 for...

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Private Sector Hiring and Pay Increases Slow in January
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024  |  Economy

Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by...

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Will AI’s Biggest Questions Find Their Answers This Year?
Will AI’s Biggest Questions Find Their Answers This Year?
January 17, 2024  |  artificial intelligence

Technological innovations bring with them vast economic opportunities, but also an equal number of questions. These can include questions around their most effective use, questions...

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Report: Instagram Eliminates Management Layer, 60 Technical Program Manager Roles 
Report: Instagram Eliminates Management Layer, 60 Technical Program Manager Roles 
January 12, 2024  |  Personnel

Instagram has reportedly told 60 technical program managers that they must find another job at the company or be let go in two months.  The Meta-owned social...

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Uber: White House Gig Worker Rule Won’t Impact Us
Uber: White House Gig Worker Rule Won’t Impact Us
January 09, 2024  |  Gig Economy

Uber says a proposed Biden administration rule change for gig workers will not affect its operations. The Department of Labor’s proposal makes it tougher for companies to...

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AI’s Future Is Becoming Indistinguishable From the Future of Work
AI’s Future Is Becoming Indistinguishable From the Future of Work
January 09, 2024  |  artificial intelligence

As the artificial intelligence (AI)-driven workforce takes shape, an emerging downstream impact is a new perspective on historic, traditionally labor-centric, cost structures as firms chase AI-fueled efficiencies....

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J.P. Morgan Healthcare Conference Spotlights Digital Transformation on Day One
J.P. Morgan Healthcare Conference Spotlights Digital Transformation on Day One
January 08, 2024  |  Healthcare

Healthcare’s digital transformation took center stage during day one of J.P. Morgan’s annual healthcare conference.  For the 42nd year in a row, J.P. Morgan has drawn...

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