US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
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THE NEWS IN BRIEF
Nike Faces Federal Probe Over Alleged Discrimination Against White Employees
The EEOC is investigating the brand over claims of systemic racism against white employees, including through DEI programmes.
Report: Amazon Plans Thousands More Corporate Job Cuts Next Week
The Seattle online retailer tied its initial round of job cuts in October to the rise of artificial intelligence software.
Nike Cuts Corporate Staffers Amid Realignment
Layoffs will impact less than 1 percent of the company’s corporate team and are part of a restructuring led by chief executive Elliot Hill.
Michael Burke Tapped to Lead LVMH Americas
The LVMH veteran has been named chairman and chief executive of LVMH Americas as the company navigates a 'complex and evolving geopolitical period.'
Women’s Conference Trybe Cancels, Citing Trump DEI Pushback
The event was slated for May 2025 in Las Vegas and had confirmed speakers from Sephora, H&M and TikTok.
Amazon Is Halting Some of Its Diversity and Inclusion Programmes
In a memo to employees, Candi Castleberry, a senior human resources executive, said last month that Amazon was ‘winding down outdated programmes and materials.’
Fearless Fund to End Grant Programme for Black Women Founders, Settles Lawsuit
The investment firm focused on women of colour agreed to end one of its grant programmes, bringing to a close year-long litigation with the American Alliance for Equal Rights. The fund will continue to operate other similar initiatives.