[ad_1] COPENHAGEN, May 4 (Reuters) – Volvo Cars (VOLCARb.ST) will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on…
Tag: LAYOFS
Morgan Stanley to cut 3,000 jobs in second quarter – source
[ad_1] May 1 (Reuters) – Morgan Stanley (MS.N) is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of…
IBM to pause hiring in plan to replace 7,800 jobs with AI – Bloomberg News
[ad_1] May 1 (Reuters) – International Business Machines Corp (IBM.N) expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming…
Lazard reports surprise loss on dealmaking slump, cuts jobs
[ad_1] April 28 (Reuters) – Investment bank Lazard Ltd (LAZ.N) on Friday reported a surprise loss in the first quarter as dealmaking slumped, a trend the company’s CEO said would…
Amazon sees April slowdown in cloud business growth; shares lose gains
[ad_1] April 27 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday reported quarterly sales and profit ahead of expectations but said that it was seeing a sharp drop in cloud revenue…
Deutsche Bank to cut 800 jobs after strong first quarter
[ad_1] Job cuts in non-client facing jobs Deposits drop by 5%, seen recovering 11th quarter of profit Investment bank revenue falls FRANKFURT, April 27 (Reuters) – Deutsche Bank (DBKGn.DE) is…
3M to cut 6,000 positions globally to improve cash flow
[ad_1] April 25 (Reuters) – 3M Co (MMM.N) said on Tuesday it would cut about 6,000 positions globally as the U.S. industrial conglomerate looks to focus on high-growth businesses, including…
Hong Kong’s January-March unemployment eases to 3.1%
[ad_1] HONG KONG, April 24 (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic…
BuzzFeed shutters news unit, cuts 15% of staff
[ad_1] April 20 (Reuters) – BuzzFeed Inc (BZFD.O) said on Thursday it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to…
Italy pursuing January cure to $3 bln Monte dei Paschi headache
[ad_1] MILAN, Dec 17 (Reuters) – Italy’s Monte dei Paschi (MPS) said it would approve a plan to meet capital needs totalling up to 2.5 billion euros ($3.1 bln) in…