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Quit Rates Have Dropped 11% As Workers Cling To Their Jobs

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This represents the slowest rate of job departures since 2020, according to The Wall Street Journal. According to Labor Department data, the number of quits dropped 11% compared to 2023 and plummeted 22% from a peak in 2022. While the U.S. job market remains strong, hiring activity has slowed down.

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Global CEO Departures Reach Record High In 2024

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They drove out 27 CEOs last year, nearly treble the number in 2020, the firm said, citing Barclays data. Some of these pressures are particularly high in technology, where the sector is experiencing profound change due to developments such as generative AI, the report said. Activist investors have played a major role.

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CBRE Acquires Industrious For $400M, Launches Building Operations & Experience Branch

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Since 2020, CBRE has held a 40% stake in Industrious, along with a $100 million convertible note. This new unit will integrate building operations, workplace experience, and property management, positioning CBRE to better offer future-ready solutions for offices, data centers, and other facilities.

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“Divisive” Tops 2024 Word Of The Year As Workplace Tensions Escalate

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Walmart , the worlds largest retailer, responded to pressure from some conservative activists like Robby Starbuck , and shortly after the election confirmed that they wouldnt renew its five-year commitment to the racial equity center they developed in 2020.

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3.4 Million Chinese Youth Rush To Civil Service Jobs For Stability, Not Pay

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Chinese provinces have quietly cut tens of thousands of public sector positions since 2020, mostly through hiring reductions and attrition. Despite repeated downsizing campaigns, China’s civil service jobs swelled from 6.9 “The most pressing issue now is social stability,” said the professor.

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6.7 Million Square Feet Of Houston Office Space Set For Conversion Or Demolition

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In contrast, rental housing continues to perform well, with lower vacancy and consistent rent increases since 2020. Houston’s office availability hit 25.9% in the second quarter, according to CBRE. Nationally, office conversions are setting records. An average of 58 conversions were completed annually between 2018 and 2024.

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Walmart Cuts DEI Efforts, Drops Racial Equity Center & LGBTQ+ Index

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The company confirmed on Monday that it will not renew its five-year commitment to a racial equity center, established in 2020 following the killing of George Floyd, and will also withdraw from the Human Rights Campaign’s LGBTQ+ inclusion index.