US layoffs surge in August, led by tech sector cuts
US employers announced the highest number of layoffs in five months in August, primarily driven by cuts in the…
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Layoffs
UBS to begin layoffs in June post Credit Suisse buyout
Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme…
HSBC plans to cut another 20 jobs in Asia
HSBC is reportedly expanding its investment banking job cuts in Asia, with plans to eliminate an additional 20…
Tesla global job cuts reach US, China
Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…
Alibaba’s Daraz group announces layoffs
Daraz Group, an Alibaba-owned e-commerce platform, has announced layoffs across the group in an effort to establish…
UK’s CMC Markets to shed 200 jobs
UK’s CMC Markets Plc, a leading global provider of online retail and institutional platform technology, said on…
Deutsche Bank to cut 3.5K jobs as profits fall
Deutsche Bank is planning to cut 3,500 jobs after recording a net profit of 1.4 billion euros in the fourth quarter…
U.S. UPS to cut 12K jobs as ’24 revenue forecast declines
U.S. United Parcel Service (UPS) company is planning to cut 12,000 jobs after it lowered its 2024 revenues forecast…
X violates contract by failing to pay millions in bonuses
X violated contracts when it failed to pay millions of dollars in bonuses promised to its employees, a federal…
Meta to lay off employees in metaverse silicon unit
Meta is set to lay off employees in the metaverse silicon unit on Wednesday, informed sources told Reuters on…
