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Business
Here's How Much, When Minimum Wage Will Increase In Virginia Here's How Much, When Minimum Wage Will Increase In Virginia
Here's How Much, When Minimum Wage Will Increase In Virginia Virginia workers, can start getting ready for a small, but not insignificant pay bump in the new year. The state’s hourly minimum wage will increase to $12.41 starting Monday, Jan. 1, 2025, giving workers an extra 41 cents per hour.  "The new rate was calculated under the Virginia Minimum Wage Act, which mandates an annual adjustment based on the Consumer Price Index for All Urban Consumers (CPI-U). "This measure, published by the US Bureau of Labor Statistics, tracks changes in the cost of goods and services, and for 2023, the CPI-U rose by 3.4 percent," Virginia Department of L…

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by Zak Failla
Business
Marriott Plans To Lay Off Over 800 Corporate Employees Marriott Plans To Lay Off Over 800 Corporate Employees
Marriott Plans To Lay Off Over 800 Corporate Employees Global hotel chain Marriott International is planning to lay off hundreds of employees by the start of the new year. According to a Maryland Work Adjustment and Retraining Notification (WARN) filing, the company, based in Bethesda, listed 833 people slated to lose their jobs by Wednesday, Jan. 3. Despite the development, Chief Executive Officer Anthony Capuano said business is solid. "Our business momentum is excellent, and as a company that embraces change, we continue to evolve our business to support our global growth," Capuano said in a third-quarter earnings call late last month,…

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by Joe Lombardi