Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards ...
Tag: Slashes
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a ...
South Korea central bank cuts rate, slashes 2025 growth forecast
Published Thu, May 29, 2025 · 10:17 AM South Korea’s central bank cut interest rates on Thursday in a bid ...
Chinese EV stocks tumble after BYD slashes prices as much as 34%
BYD led Chinese electric vehicle stocks lower in Hong Kong on Monday (May 26), as investors digested the auto giant’s ...
Trump’s Budget Slashes $163 Billion in Domestic Spending, Prioritizes Defense and Border Security
Former President Donald Trump's proposed federal budget seeks to cut $163 billion from non-defense programs, including education, housing, and public ...
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the ...
Citigroup slashes promotions as it seeks to overhaul bank, FT reports
CITIGROUP is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term ...
TikTok slashes hundreds of jobs in AI shift
SOCIAL media platform TikTok said it will slash hundreds of jobs, with a significant number of employees in Malaysia expected ...
MoneyHero slashes Q2 loss to US$12.2 million on higher revenue
NASDAQ-LISTED MoneyHero reported a net loss of US$12.2 million for the second quarter ended Jun 30, narrowing from a loss ...
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business ...
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