PYMNTS-MonitorEdge-May-2024

labor

Lawmakers Demand Answers from AI CEOs on Working Conditions
Lawmakers Demand Answers from AI CEOs on Working Conditions
September 13, 2023  |  artificial intelligence

Sen. Edward J. Markey and Rep. Pramila Jayapal have led several colleagues in demanding answers from CEOs of leading artificial intelligence (AI) companies regarding the working conditions of their...

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Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
Truist Financial Plans ‘Sizable Reductions’ in Jobs, $750 Million Cut in Expense
September 11, 2023  |  Economy

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to...

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US Unemployment Claims Hit Lowest Level in 7 Months
US Unemployment Claims Hit Lowest Level in 7 Months
September 07, 2023  |  Economy

The American job market is still tight, at least according to one new measure. Data released Thursday (Sept. 7) by the U.S. Labor Department showed the...

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Temporary Employment Declines as Workers Migrate to Permanent Roles
Temporary Employment Declines as Workers Migrate to Permanent Roles
August 31, 2023  |  Economy

Temporary employment is reportedly experiencing a decline in the United States as workers and employers alike shift to permanent positions. Although a decline in temporary...

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Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
August 30, 2023  |  Economy

American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...

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Initial Claims for Unemployment Benefits Decrease
Initial Claims for Unemployment Benefits Decrease
August 24, 2023  |  Economy

Initial claims for unemployment insurance benefits decreased during the week ending on Saturday (Aug. 19). The seasonally adjusted figure for that week’s initial claims stood...

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Paytronix’s New CEO Says Restaurants Can Close Service Gap With AI Analytics
Paytronix’s New CEO Says Restaurants Can Close Service Gap With AI Analytics
July 24, 2023  |  ResTech

As restaurants struggle with ongoing labor challenges, technology can help those with less experienced staff offer the kind of personalized service that many customers expect,...

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Uber Drivers Win Right to Sue Company Over Disputes
Uber Drivers Win Right to Sue Company Over Disputes
July 18, 2023  |  Legal

California’s Supreme Court has handed Uber drivers a victory against the company. The court on Monday (July 17) ruled against the tech giant’s argument that aimed to limit efforts...

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Chipotle CTO: AI Could Transform Everything From Food Prep to Dishwashing
Chipotle CTO: AI Could Transform Everything From Food Prep to Dishwashing
July 17, 2023  |  ResTech

At Chipotle Mexican Grill, automation is slowly taking over kitchens as part of the fast-casual giant’s efforts to boost back-of-house efficiency and mitigate labor challenges....

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