HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
HSBC is restructuring its corporate division, requiring managers to reapply, potentially leading to significant job cuts.
Verizon to eliminate nearly 5,000 employees in $2 billion cost-cutting move
Verizon will incur up to $1.9 billion in pre-tax charges due to job cuts and restructuring.
The company is raising funds through the sale of mobile-phone towers while focusing on fiber-optic growth.
Post Office could be set to close 115 branches putting 1000s of jobs at risk
The Post Office plans to close 115 unprofitable branches, impacting over 1000 jobs, to improve financial performance.
Northvolt is looking for 300 million euros short terms funds by end of the month
Northvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Sun and Daily Mail publishers cut jobs in US digital operations
Job cuts are occurring in the US digital operations of the Sun and Daily Mail due to financial pressures.
Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continue
Deloitte is cutting roles in its advisory division due to declining demand for consultancy services.
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
HSBC is restructuring its corporate division, requiring managers to reapply, potentially leading to significant job cuts.
Verizon to eliminate nearly 5,000 employees in $2 billion cost-cutting move
Verizon will incur up to $1.9 billion in pre-tax charges due to job cuts and restructuring.
The company is raising funds through the sale of mobile-phone towers while focusing on fiber-optic growth.
Post Office could be set to close 115 branches putting 1000s of jobs at risk
The Post Office plans to close 115 unprofitable branches, impacting over 1000 jobs, to improve financial performance.
Northvolt is looking for 300 million euros short terms funds by end of the month
Northvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Sun and Daily Mail publishers cut jobs in US digital operations
Job cuts are occurring in the US digital operations of the Sun and Daily Mail due to financial pressures.
Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continue
Deloitte is cutting roles in its advisory division due to declining demand for consultancy services.
Mulberry cuts a quarter of HQ staff after sales slump and bigger losses
Mulberry is cutting 25% of its head office staff due to significant revenue losses.
UK retailers warn Reeves of 7bn hit from budget tax rises
UK retailers face a £7 billion cost increase risking job losses and higher consumer prices due to national living wage hikes and insurance contributions.
HSBC managers are competing to keep their jobs in CEO's revamp
HSBC is restructuring its corporate and institutional banking division, leading to potential job cuts and requiring managers to reapply for their positions.
Santander to axe more than 1,400 jobs - London Business News | Londonlovesbusiness.com
Santander to cut over 1,400 jobs in the UK to reduce costs and automate operations.
Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
Airbus is cutting up to 2,500 jobs in its space and defense unit to address financial struggles.
HSBC managers are competing to keep their jobs in CEO's revamp
HSBC is restructuring its corporate and institutional banking division, leading to potential job cuts and requiring managers to reapply for their positions.
Santander to axe more than 1,400 jobs - London Business News | Londonlovesbusiness.com
Santander to cut over 1,400 jobs in the UK to reduce costs and automate operations.
Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
Airbus is cutting up to 2,500 jobs in its space and defense unit to address financial struggles.
Nissan is laying off 9,000 workers and giving its CEO a pay cut
Nissan is cutting 9,000 jobs and revising profit outlook due to declining sales and insufficient hybrid models.
CEO takes a significant pay cut as part of cost-saving measures.
Nissan announces 9,000 job cuts and slashes sales forecast as it faces 'severe situation'
Nissan plans to cut 9,000 jobs and reduce global production to address severe financial challenges.
Nissan Enters 'Emergency Recovery Mode'
Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.
Nissan to cut 9,000 jobs globally after sinking to a loss
Nissan is cutting 9,000 jobs and reducing production capacity by 20% to combat financial losses.
Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half
Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.
Nissan is laying off 9,000 workers and giving its CEO a pay cut
Nissan is cutting 9,000 jobs and revising profit outlook due to declining sales and insufficient hybrid models.
CEO takes a significant pay cut as part of cost-saving measures.
Nissan announces 9,000 job cuts and slashes sales forecast as it faces 'severe situation'
Nissan plans to cut 9,000 jobs and reduce global production to address severe financial challenges.
Nissan Enters 'Emergency Recovery Mode'
Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.
Nissan to cut 9,000 jobs globally after sinking to a loss
Nissan is cutting 9,000 jobs and reducing production capacity by 20% to combat financial losses.
Nissan Cuts 9,000 Jobs and Slashes C.E.O.'s Pay in Half
Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
Volkswagen AG has lowered its profit guidance for the second time this year, signaling deepening challenges in demand and competitiveness.
VW may close plants in Germany for the first time in its history
Volkswagen plans factory closures in Germany, marking a historic change for the company amidst rising costs and competition, risking tens of thousands of jobs.
Volkswagen intends to shut German 3 factories, labor says DW 10/28/2024
Volkswagen is closing at least three plants in Germany, leading to significant job losses as the company faces economic challenges.
Volkswagen's Woes Reflect a Stagnant German Economy
Volkswagen's potential job cuts and factory closures signify a deepening crisis in Germany's economy, reflecting broader industrial challenges.
Volkswagen is Germany's largest private employer, and it could cut over 15,000 jobs
Volkswagen's workforce faces possible job cuts as the company contemplates shutting down factories amid rising competition and costs.
What Volkswagen's woes say about Germany's economic future DW 09/10/2024
Volkswagen's potential job cuts and production closures signal severe challenges in the automotive industry, rooted in escalating costs and competition.
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
Volkswagen AG has lowered its profit guidance for the second time this year, signaling deepening challenges in demand and competitiveness.
VW may close plants in Germany for the first time in its history
Volkswagen plans factory closures in Germany, marking a historic change for the company amidst rising costs and competition, risking tens of thousands of jobs.
Volkswagen intends to shut German 3 factories, labor says DW 10/28/2024
Volkswagen is closing at least three plants in Germany, leading to significant job losses as the company faces economic challenges.
Volkswagen's Woes Reflect a Stagnant German Economy
Volkswagen's potential job cuts and factory closures signify a deepening crisis in Germany's economy, reflecting broader industrial challenges.
Volkswagen is Germany's largest private employer, and it could cut over 15,000 jobs
Volkswagen's workforce faces possible job cuts as the company contemplates shutting down factories amid rising competition and costs.
What Volkswagen's woes say about Germany's economic future DW 09/10/2024
Volkswagen's potential job cuts and production closures signal severe challenges in the automotive industry, rooted in escalating costs and competition.
AkzoNobel plans to cut 2,000 jobs worldwide to reduce costs and enhance efficiency by 2025.
IBM AI simply not up to the job of replacing staff
IBM's strategy to replace jobs with AI may lead to outsourcing and loss of organizational expertise, as employees express skepticism about the effectiveness of this plan.
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
GE Vernova is downsizing its offshore wind sector due to financial and operational troubles, impacting jobs and the broader wind energy market.
In the US, remote workers are the first to go when companies downsize
Remote employees face a higher risk of job cuts due to proximity bias compared to in-office workers, especially after the pandemic.
N.C. universities cut 59 positions after DEI policy repeal
The repeal of the DEI policy at UNC led to significant job cuts and a financial saving of $17.1 million for the universities.
Amazon to close two California facilities, impacting hundreds of employees
Amazon is closing two California facilities, impacting 321 employees while offering opportunities for affected workers to find new roles within the company.
TNW Podcast: The finances of OnlyFans, quantum accelerators, WeTransfer cuts
The TNW Podcast focuses on the latest trends and challenges in the European technology scene.
Blow for British steel industry as 2,500 jobs go at Port Talbot
The British steel industry faces significant challenges with 2,500 job cuts at Port Talbot despite a major government financial deal.
Layoffs and record low hiring at U.S. companies bring bad news for teachers and tech workers
Job cuts in the U.S. increased dramatically in August 2023 due to economic uncertainty, affecting sectors like education and technology.
There's a hiring frenzy for big ad sales roles in traditional media - but that doesn't mean the industry is thriving
The advertising industry is experiencing significant turmoil, leading to new hires that don't indicate real growth or recovery.
Legacy media companies are struggling with declines in linear TV and insufficient growth in streaming services.