[ad_1] Banking giant Citi on Friday reported a net loss of $1.8 billion for the fourth quarter of 2023 as compared to a year ago profit of $2.5 billion. The…
Tag: Layoffs
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
[ad_1] Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Adam Galica | CNBC Citigroup said it was cutting 10% of its workforce…
Amazon’s Audible unit lays off about 5% of staff
[ad_1] Amazon‘s Audible division is cutting approximately 5% of its staff in an effort to position the unit “for continued success,” the executive overseeing the division told employees Thursday. “We…
Amazon continues to trim headcount after mass layoffs – axes at least 500 staff including in S’pore
[ad_1] American tech giant Amazon is laying off several hundred of its employees across its streaming and studio operations, according to an email sent by Mike Hopkins, the Senior Vice…
Trend Micro lays off 2% of its global workforce
[ad_1] Krisanapong Detraphiphat | Moment | Getty Images Trend Micro has laid off 2% of its overall workforce. The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023,…
U.K.’s Channel 4 Eyeing up to 200 Layoffs Amid Ad Malaise
[ad_1] Channel 4 headquarters Courtesy of Channel 4 The 81st Golden Globe Awards U.K. broadcaster Channel 4 is finalizing plans to cut as many as 200 employees, or around 17 percent…
Blackrock plans layoffs ahead of spot Bitcoin ETF approval
[ad_1] BlackRock, the world’s largest money management firm, is reportedly planning to announce layoffs of about 3% of its global workforce, totaling around 600 employees. This decision comes as BlackRock…
Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
[ad_1] Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada…