The Job Market—Unfiltered

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  • Somerville biotech company laying off 35% of workforce

    Tessera Therapeutics is laying off 90 employees, approximately 35% of its workforce, as it transitions to a new partnership with Regeneron. The layoffs, affecting 82 Massachusetts residents, will begin on March 8 and are permanent but include severance. Afterward, Tessera will retain around 160 employees.

  • Saks Global files for Bankruptcy

    Saks Fifth Avenue’s parent company filed for bankruptcy amid struggles with debt from acquiring Neiman Marcus, declining department store sales, and increased competition from online retailers. This marks one of the largest retail failures following the Covid pandemic, raising concerns about the future of the luxury fashion industry.

  • Canada gains net 8,200 jobs in December, jobless rate rises to 6.8%

    Canada’s economy gained a net 8,200 jobs in December, entirely in full-time work, and the jobless rate rose to 6.8% as more people looked for work, Statistics Canada data showed on Friday.

  • Worker Sentiment Signals Cautious Hiring Ahead

    Americans are entering 2026 with diminished confidence about the state of the labor market, after months of slow hiring and a tide of layoff announcements brought 2025 to a troubling close.

  • Fed survey suggests slight upgrade to US economy

    Jan 14 (Reuters) – Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said on Wednesday in a report that may do little to sway ​policymakers’ interest rate views ahead of the central bank’s meeting in two weeks.

  • Welcome to A Better Way of Earning

  • When a Career Shift Feels Like a Setback:

    For many professionals, a long-term career represents more than a paycheck — it embodies identity, routine, community, and a vision of the future. When that trajectory is interrupted, especially through layoffs or restructuring, the impact can ripple through every aspect of life.

  • When Job Descriptions Lag Behind the Work

    Across industries, a persistent challenge continues to surface in hiring conversations: roles remain open, candidates remain available, and yet successful matches are harder to achieve. This phenomenon is often described as a skills mismatch — a disconnect between how skills are defined, evaluated, and applied within hiring systems.

  • Stability and Uncertainty Can Exist at the Same Time

    In uncertain job markets, strong employee relations are forged through consistency, transparency, and communication. Key practices include clear communication, role clarity during transitions, listening mechanisms, consistent decision-making principles, and recognition of contributions. Thoughtful management of uncertainty can enhance trust and relationships, shaping organizational culture positively.

  • Beyond the Numbers:

    Job market data offers important signals, but it rarely tells the full story on its own. Employment rates, job postings, and hiring reports provide a snapshot in time, yet the lived experience of the job market is shaped by movement that is often less visible and more nuanced.