Spain eases requirements for foreign workers to enter the official workforce.
Reports suggest that Walmart, the biggest employer in the US, may cut 200 corporate jobs as inflation takes its toll on customers. Dating app Tinder announces a number of management changes, including the departure of its first female chief executive. Meanwhile, Spain has eased requirements for foreign workers without legal documents in an attempt to address labour shortages in a number of sectors, including the hospitality and farming industries.
Ireland’s unemployment rate falls to 21-year low of 4.2 percent
Unemployment in Ireland fell to a 21-year low of 4.2 percent last month as increased economic activity in the wake of Covid-19 resulted in more people going back to work.
The Central Statistics Office said the seasonally adjusted number of people classified as unemployed in July was 113,000 compared with 113,900 the previous month, equating to an annual decrease of 36,000.
The rapid turnaround in employment since the lifting of Covid-related restrictions has been the defining feature of the Irish economy in recent months, reports The Irish Times. It comes despite inflationary pressures and the ongoing war in Ukraine.
Tinder’s first female CE leaves
Tinder’s first female chief executive has left the dating app after less than a year. The departure of Renate Nyborg is one of a number of management changes announced by Match Group, which owns a number of dating brands.
“Today we are announcing the departure of Tinder chief executive Renate Nyborg, and I have made some changes to the management team and structure that I am confident will help deliver Tinder’s full potential,” said Bernard Kim, the chief executive of Match Group, in a letter to shareholders.
Kim said he would oversee a new management team for Tinder while the company looked for a permanent replacement for Nyborg.
Walmart may cut 200 corporate workers
Walmart is reportedly laying off 200 corporate workers. This information follows on the heels of the company slashing its profit outlook saying inflation was pressuring customers to make fewer purchases.
In a statement, company spokesperson Anne Hatfield said Walmart was “updating our structure and evolving select roles to provide clarity and better position the company for a strong future”.
The corporate layoffs were first reported by The Wall Street Journal.
Walmart is the largest employer in the US, with nearly 1.6 million workers.
Spain eases rules for foreign workers
Spain has eased requirements for foreign workers without legal documents in an effort to bring thousands of workers into the official labour force and regulate jobs in understaffed sectors including the hospitality and farming industries.
Foreign workers who have lived in the country for two years or more can seek temporary residency papers by enrolling in training courses for jobs in high-demand sectors, reports The Washington Post.
There are an estimated 500,000 people working in Spain’s underground economy.
