World News
German Economy Shows Signs of Revival
[ad_1] The German economy may be showing signs of a life after more than half a decade of stagnation. Europe’s largest economy has suffered…
Tag: Lay-offs/Redundancies
World News
Canada Plans Wider Deficits to Jolt Economy
[ad_1] OTTAWA—Canada said Tuesday it intends to run wider deficits to finance spending and tax measures aimed at unleashing the massive private-sector investments the…
Breaking News
Mattel announces cost cuts after fourth-quarter results miss expectations
[ad_1] Toy maker Mattel Inc. on Wednesday reported fourth-quarter results that missed expectations, with the company saying it plans to cut costs this year…
Breaking News
Macy’s to lay off 13% of corporate staff, close five stores
[ad_1] Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company…
Breaking News
Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlook
[ad_1] Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a “softer second-half revenue outlook” on its quarterly earnings…
Business
Nokia Cuts Operating Margin Guidance Amid Challenging Market
[ad_1] Updated Dec. 12, 2023 2:54 am ET Nokia cut its operating margin guidance, with market conditions in its mobile networks business remaining challenging…
Breaking News
Hasbro to lay off more workers amid toy sales slump
[ad_1] Hasbro Inc. is cutting about 900 jobs as the company is facing a slump in toy and game sales after a boom during…
Breaking News
Spotify announces third and largest round of layoffs
[ad_1] Spotify Technology SA on Monday said it plans to reduce head count by 17%, which would mark the third time the audio streaming…
Breaking News
U.S. economy growing only at a subdued rate in early November, S&P Global says
[ad_1] The numbers: The U.S. economy expanded but at a relatively subdued pace in early November, latest data from S&P Global show. The S&P Global…
Breaking News
Nvidia ends an earnings recession and is helping to reshape corporate profits
[ad_1] With yet another blowout earnings report, Nvidia Corp. has ended an earnings recession in the U.S. and helped to solidify the continuation of…
Breaking News
Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction — Update
[ad_1] By Adria Calatayud Alstom plans to cut around 1,500 full-time equivalent positions and scrap its dividend as part of a cost-savings plan to…
Business
Virgin Galactic to Cut Jobs as Interest Rates Bite
[ad_1] Virgin Galactic said it would cut jobs and expenses to focus on producing its lower-cost Delta spaceships. [ad_2] Source link
Breaking News
Sleep Number’s stock falls 30% as company saw demand change ‘abruptly’
[ad_1] Shares of Sleep Number Corp. tanked 30% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly…
Breaking News
Nokia to cut as many as 14,000 jobs as profit drops by 69%
[ad_1] Nokia on Thursday set out plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit.…
Breaking News
Rolls-Royce to Cut 2,000-2,500 Jobs Globally in Strategic Overhaul
[ad_1] By Ian Walker and Joe Hoppe Rolls-Royce Holdings is set to cut 2,000-2,500 jobs worldwide as part of a transformation program and strategy…
Breaking News
Unemployment surge to 3.8% may be a summer-jobs mirage
[ad_1] The U.S. unemployment rate jumped to an 18-month high of 3.8% in August. Does that mean the economy is tottering and layoffs are…
Breaking News
U.S. adds 187,000 jobs in July and points to hiring slowdown. Wages still high
[ad_1] The numbers: The U.S. added a more modest 187,000 new jobs in July, perhaps a sign the economy is cooling enough to drive…
Breaking News
Anheuser Busch InBev to cut jobs after Bud Light boycott
[ad_1] Anheuser-Busch InBev is planning to cut jobs in the U.S. after a sharp deterioration in sales following a boycott that’s still impacting Bud…
Breaking News
U.S. jobless claims leap to nearly two-year high of 261,000
[ad_1] The numbers: The number of people who applied for U.S. unemployment benefits in early June jumped to a nearly two-year high of 261,000,…
Breaking News
Meta begins third round of layoffs: reports
[ad_1] Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports. The third round of cuts is part…