Business

As inflation pushes prices higher and higher, employees want their pay to rise, too

The workforce is feeling the squeeze of inflation, and it's making people more concerned with their salaries. In fact, in a recent survey of over 4,000 professionals, as many as 80% said inflation is impacting their career decisions. These decisions included whether they should look for a new job with a higher salary or try to negotiate with their employer for a higher salary.

One-third of respondents that FlexJobs surveyed said inflation is a huge factor in making their career decisions, while

Shopify CEO cuts 10 percent of staff, says his e-commerce 'leap' bet "didn't pay off"

The pandemic brought about unprecedented challenges to companies around the world, forcing many businesses to shut down or lay off their employees. Shopify experienced growth instead, but even so, the e-commerce platform is now laying off nearly 10% of its workforce, CEO Tobias Lütke said in a letter published online Tuesday. That's about 1,000 employees – the company had a workforce of around 10,000 as of December.

Shopify grew its staff during the pandemic-driven e-commerce boom, betting that

As they tighten their belts, here's what CEOs will cut first

In the past few months, inflation and a worrying economic outlook has impacted everything from grocery bills to gas prices. This combination of pressures is also affecting which sectors business leaders choose to invest in – and where they plan to cut back.

In June, tech analyst Gartner surveyed 128 CFOs and CEOs to find out which investments they plan on cutting first in the face of rising inflation, talent shortages and supply constraints.

Of the 128 CEOs and CFOs surveyed, 41% identified me