WASHINGTON: The American workforce is growing older at an unprecedented pace, according to a new survey released Tuesday by the US Census Bureau, highlighting demographic challenges for the nation’s labor market. Workers aged 55 and above have been the fastest-growing group for more than two decades, rising from 10 percent of the labor force in […]
US workforce
Verizon to cut over 13,000 jobs in major restructuring
US wireless giant Verizon announced on Thursday that it will lay off more than 13,000 employees, marking the largest single workforce reduction in the company’s history. The move comes as Verizon seeks to lower costs and simplify operations. In addition to the job cuts, the company plans to convert 179 corporate-owned retail stores into franchised […]