[ad_1] Here are some of the major companies whose stocks moved on the week’s news. [ad_2] Source link
Tag: Lay-offs/Redundancies
Spotify’s Layoff Memo and the Art of Delivering Bad News
[ad_1] Updated Dec. 5, 2023 12:06 am ET Listen to article (1 minute) It has become a staple of the modern corporate downsizing: the public CEO layoff letter. Before a company…
Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
[ad_1] Updated Dec. 4, 2023 7:06 am ET Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push. Chief…
TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.
[ad_1] SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy game makers. Now it is winding down those efforts,…
Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction
[ad_1] Updated Nov. 15, 2023 3:42 am ET Alstom plans to cut around 1,500 jobs and scrap its dividend as part of a cost-savings plan to reduce debt and boost…
Fintechs Look to Cost Cuts and Layoffs
[ad_1] PayPal and Block said they would trim their expenses, as high interest rates have put many financial-tech companies in a tight spot. [ad_2] Source link
Maersk to Cut 10,000 Jobs as Cargo Boom Ends
[ad_1] Updated Nov. 3, 2023 8:16 am ET Shipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs, as a pandemic-fueled cargo boom has ended, leaving…
Credit Suisse prepares third wave of job cuts, targeting 10% of support roles
[ad_1] Credit Suisse is set to roll out its third wave of job cuts in November, with support functions in the firing line as it continues to pare back staff numbers…