laying

United Furniture owner 'disappeared' after laying off 2,700 workers: sources

United Furniture owner ‘disappeared’ after laying off 2,700 workers: sources

The owner of United Furniture Industries – who last week fired 2,700 workers by text and email while they slept – disappeared after arguing with the company’s board and bankers over whether to file for bankruptcy, The Post has learned. David Belford, a wealthy businessman from Ohio, has remained a mum since the layoffs of …

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Why are tech companies laying off workers amid a booming US job market?

Why are tech companies laying off workers amid a booming US job market?

Facebook’s parent company Meta’s announcement on Wednesday of plans to cut its workforce by 11,000 is just the latest in a wave of tech employment unrest that is simmering even as the the US labor market as a whole continues to turn red. The move comes less than a week after new Twitter owner Elon …

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