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| December 13, 2018

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GoPro will move some manufacturing out of China to avoid tariffs — but it’s not promising U.S. jobs

December 10, 2018 |

GoPro Inc. will move most of its U.S.-bound camera production out of China by summer, becoming one of the first brand-name electronics makers to take such action to minimize the impact of the U.S.-China trade war.

“Today’s geopolitical business environment requires agility,” GoPro Chief Financial…


L.A. Times – Business

Solid U.S. jobs report expected amid sharp market volatility

December 7, 2018 |

Friday’s jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains.

If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns…


L.A. Times – Business

Ikea to slash 7,500 jobs, focus on smaller stores as online competition heats up

November 22, 2018 |

Furniture giant Ikea plans to cut 7,500 jobs worldwide as part of a plan to cater more to online customers, the company said Wednesday.

The shake-up at the Swedish company, first reported by the Wall Street Journal, shows that even Ikea — known for its massive suburban stores and affordable assemble-yourself…


L.A. Times – Business

Half of Jobs at Amazon’s Two New Headquarters Won’t Be Tech Positions

November 22, 2018 |

New York City officials said that of the at least 25,000 jobs, half will be in tech and the rest will be “administrative jobs, custodial staff, HR, all those things.” Virginia officials said they expect the same job breakdown.
WSJ.com: US Business

California gains jobs, and unemployment stays at a record low 4.1%

November 17, 2018 |

California’s unemployment rate held steady in October at 4.1% — the lowest rate in more than four decades — as payrolls grew, according to data the state Employment Development Department released Friday.

Employers added 36,400 net positions last month, more than making up for a downward revision…


L.A. Times – Business

L.A. loses bid for Amazon HQ2 and thousands of possible jobs. Here’s why some experts are relieved

November 13, 2018 |

When Amazon launched its HQ2 contest last fall, dangling a prize of 50,000 high-paid jobs and a $ 5-billion investment, some 238 North American cities and regions embarked on a mad scramble, serving up gobs of proprietary data, along with hefty tax breaks, to host the tech titan’s satellite headquarters.


L.A. Times – Business

CNN

Bombardier cutting 5,000 jobs

November 8, 2018 |

Canadian aircraft maker Bombardier announced plans to cut 5,000 jobs as part of an effort to streamline operations and reduce costs.
CNN.com – RSS Channel – World

California has lost more than half a million jobs to China — more than any other state, report says

October 23, 2018 |

California has lost more jobs to China than any other state since 2001, fueled by Silicon Valley outsourcing and the continued shrinking of Southern California’s apparel industry, according to a report released Tuesday by a Washington, D.C., think tank.

Some 562,000 jobs were displaced in the Golden…


L.A. Times – Business

UTC Aerospace to end aircraft systems manufacturing in Chula Vista, cutting 300 jobs

October 22, 2018 |

UTC Aerospace Systems plans to wind down manufacturing at its Chula Vista aircraft plant beginning early next year, eliminating around 300 jobs.

The company — a division of Farmington, Conn.-based conglomerate United Technologies Corp. — said the decision stems from ending production of certain…


L.A. Times – Business

Gregg Jarrett: Jeff Sessions and Rod Rosenstein should leave their top Justice Department jobs soon

October 12, 2018 |

Attorney General Jeff Sessions and Deputy Rod Rosenstein should lose their jobs because of enormous harm they’ve caused.
FOX News