German Economy Shows Signs of Revival
The German economy may be showing signs of a life after more than half a decade of stagnation. Europe’s largest economy has suffered a series of recent blows,…
Read more German Economy Shows Signs of RevivalTag: redundancies
Canada Plans Wider Deficits to Jolt Economy
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 economy needs to rebuild amid…
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Mattel announces cost cuts after fourth-quarter results miss expectations
Toy maker Mattel Inc. on Wednesday reported fourth-quarter results that missed expectations, with the company saying it plans to cut costs this year while continuing to buy back…
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Macy’s to lay off 13% of corporate staff, close five stores
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 tries to curb expenses and…
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Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlook
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 call, and said it is…
Read more Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlook
Nokia Cuts Operating Margin Guidance Amid Challenging Market
Updated Dec. 12, 2023 2:54 am ET Nokia cut its operating margin guidance, with market conditions in its mobile networks business remaining challenging due to falling operator spending…
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Hasbro to lay off more workers amid toy sales slump
Hasbro Inc. is cutting about 900 jobs as the company is facing a slump in toy and game sales after a boom during the pandemic. The cost-saving plan…
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Spotify announces third and largest round of layoffs
Spotify Technology SA on Monday said it plans to reduce head count by 17%, which would mark the third time the audio streaming group has announced layoffs cuts…
Read more Spotify announces third and largest round of layoffs
U.S. economy growing only at a subdued rate in early November, S&P Global says
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 “flash” U.S. services index rose…
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Nvidia ends an earnings recession and is helping to reshape corporate profits
With yet another blowout earnings report, Nvidia Corp. has ended an earnings recession in the U.S. and helped to solidify the continuation of a drastic change to corporate…
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Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction — Update
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 reduce debt and boost profitability.…
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Virgin Galactic to Cut Jobs as Interest Rates Bite
Virgin Galactic said it would cut jobs and expenses to focus on producing its lower-cost Delta spaceships. Source link
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Sleep Number’s stock falls 30% as company saw demand change ‘abruptly’
Shares of Sleep Number Corp. tanked 30% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for…
Read more Sleep Number’s stock falls 30% as company saw demand change ‘abruptly’
Nokia to cut as many as 14,000 jobs as profit drops by 69%
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. The telecom equipment maker said…
Read more Nokia to cut as many as 14,000 jobs as profit drops by 69%Rolls-Royce to Cut 2,000-2,500 Jobs Globally in Strategic Overhaul
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 review. The U.K.-based aircraft engine…
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Unemployment surge to 3.8% may be a summer-jobs mirage
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 rising from near record lows?…
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U.S. adds 187,000 jobs in July and points to hiring slowdown. Wages still high
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 inflation lower and even stave…
Read more U.S. adds 187,000 jobs in July and points to hiring slowdown. Wages still high
Anheuser Busch InBev to cut jobs after Bud Light boycott
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 Light. The industry publication Brewbound…
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U.S. jobless claims leap to nearly two-year high of 261,000
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, but most of the increase…
Read more U.S. jobless claims leap to nearly two-year high of 261,000
Meta begins third round of layoffs: reports
Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports. The third round of cuts is part of a plan that Meta…
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