The Finance Sector Union (FSU) has voiced strong opposition to ANZ’s recent move to reduce headcount at Suncorp Bank, raising concerns about potential breach of commitments made during the bank’s acquisition. According to the union, a total of 197 positions at Suncorp Bank will be affected, with 66 workers to be laid off. Most of the affected roles are in Brisbane. ANZ finalised its purchase of Suncorp Bank in 2024. While securing regulatory approval for the takeover, ANZ made assurances to the Queens ...

Robert Kiyosaki says the recent wave of corporate job cuts shows that the traditional promise of stability through schooling no longer holds up in today's economy. In a recent post on X, the investor and author of “Rich Dad Poor Dad” argued that going to school for job security has become an “obsolete idea,” especially as layoffs hit industries that once symbolized safety, prestige, and high pay. His comments come amid continued workforce reductions across logistics, retail, manufacturing, and technology. ...

Office workers are hanging on to their jobs for dear life. 🔗 https://t.co/lF14QPVHht https://t.co/xY5AqBTAkh ...

Interviewer: why is there a 6 month gap in your resume?Me: took a “mental health break” that quickly turned into trading memecoins, which then led me to perp trading, which then resulted in me realizing that things can always go lower and that i need a stable 9-5 to put food on the table. which brings us here. ...

Employment Concerns - A majority of Americans with jobs are concerned about losing them [1] Economic Hardship - Many Americans report finding it difficult to afford everyday items [1] Data Source - The findings are based on a Harris Poll conducted for Bloomberg News [1]

Core Insights - Nearly half of Americans (45%) are less likely to make major purchases due to the ongoing federal government shutdown, a significant increase from 21% in early October [1][2][8] - The shutdown has negatively impacted the financial situation of over a third of Americans, with 35% reporting they are worse off financially [7][9] Consumer Behavior - The percentage of Americans who are much less likely to make a major purchase has risen from 14% to 28% [2] - 21% of Americans are delaying major purchases, up from 17% in early October, while 15% have canceled plans altogether, an increase from 7% [5] - Just over half (51%) report no change in their likelihood of making a major purchase, down from 64% a month earlier [2][5] Economic Impact - The federal government shutdown, which began on October 1, is estimated by the Congressional Budget Office to potentially reduce the U.S. economy by up to $14 billion and slow growth by as much as two percentage points if it continues through the end of November [4] - Nearly half (46%) of Americans say the shutdown is having a negative impact on their lives, with 16% indicating a major negative impact [6] Financial Strain - Among those with monthly housing payments, 7% have missed a payment in the past three months, and 13% have been late [10] - 14% predict they will miss or be late on a housing payment in the next three months [10] - The most cited reason for missed or late payments is a decrease in income or income delays (34%) [13] Job Security Concerns - Approximately 33% of workers express concern about their job security, a figure that remains stable compared to previous surveys [15] - The majority (61%) of employed respondents feel confident about their job security, with 41% very confident [16]

Labor Market Trends - The US economy has experienced a loss of 1.2 million jobs since April 2024 [1] - The quits rate has decreased to approximately 2% following fluctuations since the pandemic [1] - Employers are hiring at the slowest rate since 2013, excluding the pandemic period [2] - A significant portion, 58%, of US professionals surveyed feel their skills are underutilized in their current roles [3] Employee Sentiment and Engagement - Four out of five employees surveyed indicated they are not thriving at work [3] - There is considerable anxiety regarding the direction of both the economy and the labor market, contributing to job retention [4] - The labor market currently lacks significant churn [3] Company Implications - Companies may be experiencing retention, but this could be masking disengagement among employees [3] Economic Impact - Reduced mobility in the labor market may be slowing down innovation [3]

Career & Employment Trends - Job security strategies are crucial in the current layoff-prone environment [1] - The report likely discusses methods for individuals to enhance their job security [1]

Growing pessimism from Americans on the jobs and inflation front according to CNBC's latest All-America economic survey. Let's get over to Steve Leman. He's got some of the key takeaways for us.Steve, >> thanks Dave. Yeah, the public's concern with losing their job grew in the latest allameric survey along with ongoing worries about inflation and wages not keeping up. Take a look.28% or 20 sorry, 26% of the public is worried about losing their job. Uh, and that's up from the average of the last several time ...

Financial Planning & Security - The industry emphasizes the importance of having savings to cover at least 6 months of living expenses as a measure of financial independence [2] - The industry suggests that job loss is a likely event, highlighting the need for an emergency fund [1][2] - Savings provide the flexibility to find a better job after a job loss, rather than being forced to accept the first available option [4][5] Impact of Insufficient Savings - Lack of savings can lead to accepting undesirable jobs due to financial constraints [4] - Without savings, individuals may face significant trauma during difficult times [3]