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For one small Ukrainian company, conflict has become a key mile marker. Fashion editors Kate Zubarieva, 33, and Asya Varetsa, 31, conceived of the idea for their fashion label, Sleeper , during the 2014 Revolution of Dignity--a five-day clash between protesters and the Ukrainian government in Ukraine's capital, Kyiv, which eventually led to the ousting of the country's president, Viktor Yanukovych. Then, in February 2022, after Russia invaded the country , the Ukrainian company rapidly laid down manufacturing roots in another country. As Russia began planning a military offensive against Ukraine in December 2021, the Sleeper team began to prepare for the worst, and the founders knew they had to make a series of tough decisions. In about two to three weeks, the apparel company helped relocate 30 employees abroad and 40 to more western regions of Ukraine. It also transitioned its production to Turkey. "We knew we had a good amount of savings to sustain the … [Read more...] about No One at the Ukrainian Fashion Brand Thought Russia Would Really Invade, But They’re Glad They Planned for It Anyway

Netflix is set to lay off approximately 150 employees in an attempt to curb costs following slow revenue growth in the first quarter of 2022. The layoffs constitute approximately 2% of Netflix U.S.’s workforce and cut across all departments, according to Variety, citing an internal employee email. A company representative explained that the cross-department layoffs were not a result of employee performance, but rather an effort to reduce costs following slow growth in the first quarter. On top of the 150 full-time Netflix staff laid off today and 70 animation studio roles that were cut, 60-70 contractors working on Netflix’s social media & publishing channels were let go — incl from Strong Black Lead, Golden, Con Todo and Most. $NFLX https://t.co/0er7gfIytk — Elaine Low (@elainelow) May 18, 2022 “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,” a Netflix spokesperson told The Daily Caller … [Read more...] about Netflix Announces Massive Layoffs As Subscribers Bail

Share to Twitter Share to Linkedin As we continue to build back from the pandemic, the Biden-Harris Administration is focused on making sure that the economy grows back in a way that works for American families. Strong job growth continues at the same time that we’ve seen an unprecedented boom in entrepreneurship. Against this backdrop, ensuring that the jobs created allow Americans to pay their bills, retire well, and support their families is central. Thriving Main Streets across America are a critical part of a strong economy. Small businesses are the nation’s largest job-creators. In a more inclusive economy, small employers are not simply creating jobs, but these businesses are the source of high-quality jobs that create wealth and upward mobility for the owner, workers, and their communities. ADVERTISEMENT As Secretary of the U.S. Department of Labor (DOL), Marty Walsh leads efforts to engage with businesses and workers. A former … [Read more...] about A Conversation With Labor Secretary Martin J. Walsh On The Economy, Employers, And Good Jobs