Cuts
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s UniCredit, multiple sources with direct knowledge of the plans...
Amazon cuts reference to diversity from annual report; Accenture scraps DEI goals
AMAZON.COM removed a reference to “inclusion and diversity” in its annual report filed on Thursday (Feb 6), after it told employees in a December memo that it was winding...
Federal Worker Drops Bombshell: Elon Musk’s Visit Led to 50% Job Cuts and Secret Takeover!
A video of a federal worker sharing his experience after Elon Musk's visit to his agency has gone viral, sparking a heated debate about federal job security. The footage,...
Sonos cuts 12% of workers in bid to improve product organisation
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more focused”.Santa Barbara, California-based...
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of...
Estee Lauder expands restructuring plan with 7,000 job cuts, posts sales beat
ESTEE Lauder on Tuesday (Feb 4) expanded its restructuring plan that would include up to 7,000 job cuts and posted smaller-than-expected drop in second-quarter sales.
Shares of the company, which...
Nintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking forward to the release of its next-generation console.The Kyoto-based company...
Julius Baer announces 400 job cuts, executive board revamp
JULIUS Baer Group’s new chief executive officer Stefan Bollinger announced a radical revamp of the bank’s leadership and a cost-cutting drive that will claim hundreds of jobs at the...
