Cuts
Google lays off employees, shifts some roles abroad amid cost cuts
ALPHABET-OWNED Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday (Apr 17), marking the latest cuts at the technology giant as it cracks...
Morgan Stanley plans biggest round of China job cuts in years
MORGAN Stanley plans to start cutting about 50 investment-banking jobs in the Asia-Pacific region this week, with at least 80 per cent of the reductions in Hong Kong and...
HSBC cuts a dozen investment bankers in Asia on deals slump
HSBC Holdings has started a new round of job cuts at its Asia investment bank amid a slump in dealmaking across the region, according to people familiar with the...
Tesla global job cuts hit China sales team
TESLA’S global job cuts are hitting China, the automaker’s biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said.CEO Elon...
BP’s EV charging arm cuts jobs, reduces global ambitions
BP HAS cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in...
Stubborn US inflation, delayed Fed rate cuts could mark a painful adjustment for investors
THIS column last broached the topic of inflation and interest rates in December, right after the US Federal Open Market Committee (FOMC) indicated no further rate hikes were likely.It...
Federal Reserve’s Barkin says recent inflation data ‘not supportive’ of case for rate cuts
THE recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.The Fed has...
Federal Reserve’s Barkin says recent inflation data ‘not supportive’ of case for rate cuts
THE recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.The Fed has...
