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Large firms hired 321,000 workers, medium-sized businesses added 46,000, while small companies cut 120,000 employees Private companies in the US added 247,000 jobs in April, indicating a slower growth in a tight labour market, payroll data company Automatic Data Processing (ADP) reported. Earlier data from the Labor Department showed that US unemployment rate dropped to 3.6 per cent in March as the Omicron-fuelled Covid-19 surge faded, which was slightly above the pre-pandemic level of 3.5 per cent, Xinhua news agency quoted the ADP report as saying on Wednesday. The service sector saw a job gain of 202,000 in April, while goods-producing sector added 46,000 jobs, according to... read more

 Better.com CEO Vishal Garg fired 900 people last week via a Zoom call The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media. Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its workforce through the video call, said he had "blundered the execution" of communicating the layoffs. "I realize that the way I communicated this news made a difficult situation worse," Garg said in a letter https://bit.ly/31DnBAt dated Tuesday. The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India. Better.com said in May it would go public through a merger with blank-check firm Aurora Acquisition Corp, in a deal that valued it at $7.7 billion. Earlier this month, the terms were am...