Glassdoor announced the winners of its 10th annual Employees' Choice Awards, honoring the Best Places to Work in 2018. Winners are determined entirely on feedback provided by the employees. Robert Hohman, CEO of Glassdoor, breaks down the the companies that topped this year's list.
Facebook grabbed the number one spot for the third time. Hohman explains what is it about Facebook's culture that puts it in the top spot once again.
Although there were plenty of familiar faces that reappeared on the list, 40 newcomers found their way onto it this year, including Blizzard Entertainment and Adidas. Only Bain & Company, Google, and Apple made the list for the 10th consecutive year.
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
