Category Archives: Business News – ABC Audio

'I'm still shocked': Tech workers offer insider account of mass layoffs
dowell/Getty Images(NEW YORK) -- Layoffs have battered the tech industry in 2023, carrying over a series of job cuts that began last year. In all, about 50,000 people have lost their positions this mo...
Max Zahn and Nakylah Carter, ABC News Jan 30, 2023

Remember 'quiet quitting'? 'Quiet hiring' is the new workplace trend of 2023
Marko Geber/Getty Images(NEW YORK) -- The term "quiet quitting" went viral last year, describing people who stay in their jobs but mentally take a step back -- for example, working the bare minimum an...
Katie Kindelan, ABC News Jan 30, 2023

Biden climate law spurred billions in clean energy investment. Has it been a success?
Alex Wong/Getty Images(WASHINGTON) -- When President Joe Biden signed the $369 billion Inflation Reduction Act in August, supporters hailed the measure as the largest climate investment in the nation'...
Max Zahn, ABC News Jan 29, 2023
Sam Bankman-Fried has tried to contact potential witnesses, government says
(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried has made "recent attempts" to contact prospective witnesses in his criminal case, federal prosecutors said Friday in a letter to the judge th...
Aaron Katersky, ABC News Jan 28, 2023

What to know about severance pay amid high-profile layoffs
Anchalee Phanmaha/Getty Images(NEW YORK) -- Continued recession fears and a cascade of tech industry layoffs have drawn renewed attention to severance packages, the compensation offered to some depart...
Max Zahn, ABC News Jan 26, 2023

What to know about PFAS after Thinx underwear settles class-action lawsuit
Nicky J Sims/Getty Images, FILE(NEW YORK) -- Human-made chemicals known as PFAS are back in the spotlight after the feminine hygiene company Thinx settled a class-action lawsuit earlier this month for...
Katie Kindelan, ABC News Jan 26, 2023

The year crypto broke: How customers, investors lost millions and what's being done
Curt Dell said he lost more than $200,000 worth of Bitcoin after Celsius filed for bankruptcy. - ABC News(NEW YORK) -- It seemed like cryptocurrency was having a moment. At the start of 2022, the Supe...
Rachel Rosenbaum, Taylor Dunn, Karen Ye, Jaclyn Skurie and Ivan Pereira, ABC News Jan 26, 2023

US economy grew at end of 2022, defying recession fears
Javier Ghersi/Getty Images(WASHINGTON) -- The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Re...
Max Zahn, ABC News Jan 26, 2023

Barbie pays tribute to Bessie Coleman with new Inspiring Women series doll
Mattel(NEW YORK) -- Barbie is honoring the life and legacy of Bessie Coleman with a new doll. Coleman, whose birthday falls on Jan. 26, was the first Black and Native American female aviator and the f...
Jacqueline Laurean Yates, ABC News Jan 26, 2023

New York attorney general voices concern over facial recognition
Michael M. Santiago/Getty Images(NEW YORK) -- A viral controversy over the use of facial recognition technology to bar customers from New York City performance venues has drawn the attention of the st...
Max Zahn, ABC News Jan 25, 2023
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