U.S. employment increased by 390,000 people over the course of May, another significant increase as unemployment remains at just 3.6 percent.
The U.S. Bureau of Labor Statistics revealed the latest details on Friday, June 3, and the data showed there had been notable gains in leisure and hospitality and transport and warehousing.
However, it also revealed employment in retail has fallen over the course of the month.
Over the course of May, several huge companies announced massive expansions.
At the same time, other firms announced major job cuts and reductions as they look to restructure.
We’ve taken a look at who’s hiring and who’s firing in May 2022.
Wawa, one of the North east’s most popular convenience store chains, announced a huge expansion at the beginning of May.
CEO Chris Gheysen intends the firm to operate in about 1,800 locations by 2030.
It would double the company’s store count and create thousands of new jobs.
Jeff Bezos’s giant company is always planning expansions and new products.
In May, the company announced:
- 2,500 tech jobs in California at 15 new sites
- A new facility in Mississippi creating 1,000 new jobs
- New “Fresh” stores in New York and New Jersey
The tech giant has announced a $75 million investment in Oklahoma which will create thousands of new jobs.
The company aims to invest around $9.5 billion in offices and data centers creating at least 12,000 new full-time Google positions throughout the country in 2022.
Google CEO Sundar Pichai said: “Google’s offices and data centers provide vital anchors to our local communities and help us contribute to their economies.”
Airplane maker Airbus revealed it was planning to create 1,000 new jobs by expanding its factory in Alabama.
The business has revealed plans to increase global production of A320 family jets, including the installation of a new 350,000 square-foot facility in the city of Mobile.
Governor Kay Ivey said: “It’s wonderful to see Airbus continue to grow its only U.S. airliner manufacturing operation with another expansion in Mobile.”
Chipmaker NXP revealed its plans to create 800 new jobs in Austin, Texas in a $2.6 billion expansion.
NXP, which had a revenue of $11 billion in 2021, has about 4,000 employees in Austin, where it has multiple facilities, including two chip fabrication plants. Globally, it has more than 29,000 employees.
Another company to expand in Alabama is copper building wire provider Cerrorwire.
The company will invest over $100 million in a new facility which will create more than 130 new jobs.
Alabama Commerce Secretary Greg Canfield said: “Cerrowire’s significant investment in this new Alabama facility will position the company for future growth while also providing a meaningful financial boost to the Hartselle area through the creation of new jobs and opportunities.”
Novelis’ new aluminum mill will cost $2.5 billion and create 1,000 new jobs.
Novelis President and CEO Steve Fisher said the investment emphasizes the company’s commitment to meeting customer demand for “low-carbon, highly sustainable aluminum solutions.”
The streaming entertainment provider announced 150 staff are to go due to “slowing revenue growth.”
A Netflix spokesperson stated: “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly US-based.”
Akerna is a firm that makes software for the cannabis industry.
It revealed in May it was looking to cut staff and reduce costs, but no specifics have been given.
CEO Jessica Billingsley said: “While we believe we can continue to grow revenue and continue to reduce expenses over time, we have made the decision to focus our initiatives on our enterprise business and new market expansion of our SMB business, at least until the market conditions and the regulatory environment are in more favorable territory.
Paypal has now cut 83 staff from its San Jose head office.
The changes took place in April and May and mainly affected engineers, managers, and directors at the company’s First Street offices.
A company representative said: “PayPal is constantly evaluating how we work to ensure we are prepared to meet the needs of our customers and operate with the best structure and processes.”
“PayPal remains fully committed to the Bay Area and to California and we will continue to invest in our business and people working within the state.”
St Charles Health System
St. Charles Health System will lay off 105 caregivers and remove 76 unfilled positions as it struggles with Covid-19 issues.
It has lost $21.8 million in operational losses so far this year, a 6.7 percent operating loss.