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CEO Daniel Ek announced the job cuts, which are the third round of layoffs this year, to staff on Monday.

Key Takeaways ;HR Software Company Faces AI Bias Lawsuit; ;Report: More Companies Eliminating Degree Requirements; ;Study Ties Toxic Workplaces to Increased Mental Health Risks; ;Walmart to Cut 1,500 Jobs; HR Software Company Faces AI Bias Lawsuit Workday is facing a collective action lawsuit ( Mobley v.

Jobs Market Was Strong in March, But Uncertainty Looms;Target Cuts Employee Bonuses;Universities to End DEI Programs in Wake of New State Laws;New Report Exposes Global LGBTQ+ Workplace Challenges; U.S.

Barnes defines it as “a flexible work arrangement designed to ease the transition between full-time employment and retirement with flexible hours, reduced workloads and phased approaches to leaving the workforce.”

The job cuts are not related to performance, a Microsoft spokesperson told CNBC .

Key Takeaways ;House Bill Could Expand Worker Access to Direct Primary Care;Trump Nominates Aronowitz to Lead EBSA;Democratic AGs Defend Legality of ‘DEIA’ Programs;Amazon Warehouse Workers in North Carolina Hold Vote to Unionize;Gap Orders Employees to Return to Office Five Days a Week;Chevron Plans to Cut Up to 20% of Staff; House Bill Could Expand Worker Access to Direct Primary Care Rep.

Key Takeaways Report Shows Retirement Savings Optimism for Younger Workers;Public Sector Passing on 12.3% Cost Increase to Employees;Speaking of 2026 Healthcare Costs: The Global Picture;Amazon Reportedly Eyeing Large-Scale HR Layoffs;Molson Coors Announces Job Cuts as Part of Restructuring;Figures and Facts of the Week; Report Shows Retirement Savings Optimism for Younger Workers Forty-two percent of American workers are currently on track to achieving retirement security, according to the latest Vanguard Retirement Outlook , released Oct. 14.

Workspan Daily article; Health savings accounts (HSAs) have become a staple total rewards offering over the last decade, but a new study by the Employee Benefit Research Institute (EBRI) showed employees are still leaving the full value of these accounts on the table.

UPS to Cut 20,000 Jobs, 70+ Facilities UPS is looking to cut about 20,000 jobs this year and close more than 70 facilities by the end of June as it drastically reduces the amount of Amazon shipments it handles, according to the Associated Press .

Full-time employees, on average, will see their pay increase by $1,600 per year.