The unemployment rate for veterans who served in the U.S. Armed Forces at any time since September 2001 fell 5% last year, according to the Bureau of Labor Statistics. And more major corporations are integrating programs to ensure that veterans are hired and remain employed.
Microsoft is one of the companies taking steps in this area. The tech giant teamed up with the Computing Technology Industry Association, to build a program that offers employment training and mentorship for veterans and active duty members of the military. Microsoft Software & Systems Academy (MSSA) provides information technology certification to its students.
“[For] those that want to try to get into the I.T. industry, why not create a path?” Chris Cortez, vice president of Military Affairs at Microsoft, told Cheddar in a recent interview.
Cortez, a retired major general in the U.S. Marine Corps, says that veterans and members of the military have a lot to offer to corporate America.
“In the military you’re grounded in leadership, in the mission, figuring out tough situations, getting the job done,” with limited resources, he said. These are qualities, Cortez says, are transferable to any industry.
After retiring, Cortez says his major struggle was understanding how his skills would fit into a traditional work setting. So he encourages companies to create more "pipelines and programs" to make the transition easier.
MSSA focuses on job development skills and also provides pointers for interviews and resume writing. Students can also be placed in a mentorship program to better understand corporate life. Those who are hired at Microsoft are assigned a work mentor for their first year with the company, Cortez said, adding that the program has allowed Microsoft to develop high veteran-retention rates.
“Our retention rate, above two years, is at 90 percent,” he said.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
