PYMNTS-MonitorEdge-May-2024

labor

Nearly Half of Restaurants Struggle to Hire, Retain Employees
Nearly Half of Restaurants Struggle to Hire, Retain Employees
July 26, 2022  |  Restaurant innovation

While the easing of restrictions on restaurant dining is fueling resurgent consumer demand, restaurants are finding that hiring and retaining staff is a challenge in...

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Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal Suspensions
Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal...
July 15, 2022  |  Regulation

This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals...

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Victoria’s Secret Quietly Announces Management Layoffs
Victoria’s Secret Quietly Announces Management Layoffs
July 13, 2022  |  Personnel

The transition away from a focus on lingerie models to inclusion continues to be a rocky one for Victoria’s Secret, which quietly laid off about...

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UAE Government Employees Offered Year Paid Leave to Start Businesses
UAE Government Employees Offered Year Paid Leave to Start Businesses
July 08, 2022  |  emea

In a move to encourage entrepreneurialism in the country, government-employed citizens of the United Arab Emirates will now be able to take up to a...

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Restaurants Call on Voice Commerce to Fill Labor Gap
Restaurants Call on Voice Commerce to Fill Labor Gap
July 05, 2022  |  ResTech

As restaurants continue to come up against front-of-house labor challenges, many are turning towards voice commerce technologies to fill the roles once served by humans...

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Restaurants Seeking Fresh Ideas in Automation to Combat Inflation’s Bite
Restaurants Seeking Fresh Ideas in Automation to Combat Inflation’s Bite
June 13, 2022  |  ResTech

When inflation runs rampant, when input costs spiral out of control, no matter the business vertical, margins suffer. And for restaurants, there is an inflationary...

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Online Car Seller Cazoo to Cut 15% of Staff
Online Car Seller Cazoo to Cut 15% of Staff
June 07, 2022  |  emea

Online car retailer Cazoo said it will reduce about 15% of its workforce and slow new hiring in an effort to cut costs. According to...

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Travel Tech Company Swvl Plans to Cut 32% of Staff
Travel Tech Company Swvl Plans to Cut 32% of Staff
May 31, 2022  |  Transportation

Dubai-based mass transit solutions platform Swvl said it will cut its workforce by 32% in an effort to get on the path to profitability. “Such...

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Labor Dept: Commercial Banking Jobs Decline Following COVID
Labor Dept: Commercial Banking Jobs Decline Following COVID
May 27, 2022  |  Economy

Employment in America rose by 6.7 million last year, the largest calendar-year gain since the federal government began its Current Employment Statistics (CES) survey. That’s...

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