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Mamagoto plans to hire about 400 people in the next 12 months, with 20 new stores in the pipeline, while Wow! Momo and McDonald s are set to add 1,200-1,500 people each in the next 12 to 15 months. Burger Singh is looking to open about 250 new stores and more than doubling its headcount to 2,500 people by the end of 2024-25. ....
But the labor shortage is real. customer spending is down and people have gotten tight because their expenses are way up. utilities and insurance for them, rent in a lot of cases, from my employees i hear that constantly, i have employees coming to me telling me about $400 a month increases in their rent. so, that s real. and it s hurting everyone. sandra: and to deal with that, credit card debt seems to be only going up. we checked in on the numbers. the raw data shows that credit card spending in this country right now in the first quarter reached 986 billion, it s up 28% under this presidency and as consumer prices are going up, you know that, up 15% over two years, and inflation is up 4% year over year. so, talk to us about prices. how are you how are you ....
Hundreds of dollars of purchases while he was living in that country. norah. o donnell: thank you so much. well, tonight microsoft is the latest major tech company to cut costs by slashing js.oftware git is eliminating 10,000 jobs or nearly five percent of its workforce. the company said the layoffs were in a response to a slowdown in customer spending and in anticipation of a potential recession. amazon, twitter and facebook s parent company meta have all announced recent job cuts. turning now to a glowing cries nis the nation s schools. overwhelming school lunch debt. according to the usda more than 9 million children in the u.s. are food insecure. cbs s meg oliver goes in depth on what happened after the federal government s program providing free meals expired in september. there you go. what are you getting. at makefield elementary, afifa benjamin serves up hot ....
Of its corporate employees. the job cuts come a week after the company cut the profit outlook for the second quarter saying it expects a slowdown in customer spending for general merchandise the rest of the year. joining us now, co-anchor of squawk box andrew ross sorkin. good to see you my friend. so walmart always a bit of a bellwether for the american and global economies. what is going on here. we re seeing the true effects of what has been going on the past couple of months as the fed has increased interest rates and we re starting to see the economy slow a bit. of course we keep talking about it. that is been by design the unfortunate victims of that are people laid off in the process and you re seeing that happen at the corporate level at walmart. you re seeing it in the tech industry. whether you re seeing layoffs or in some cases hiring freezes. the good news or at least the hopeful good news here if there are good news, we re at low ....