DHL to save $1.1 billion by 2027 with 8,000 job cuts, shares rise DHL announced plans on Thursday to cut about 8,000 jobs in Germany this year as part of a strategy to save more than... Published 06 Mar, 2025 05:24pm
Business & Finance Disney to cut nearly 6% staff across units, WSJ reports Disney is planning to cut about 200 positions or 6% of staff at ABC News Group and the Disney Entertainment Networks... Updated 05 Mar, 2025 12:27pm
Business & Finance Southwest Airlines to cut 15% of corporate jobs as part of cost-saving plan Southwest Airlines said on Monday it would cut about 15% of corporate jobs, or about 1,750 roles, as the U.S. budget... Published 18 Feb, 2025 12:11pm
World Dutch rail operator NS to cut 500 jobs to curb losses THE HAGUE: Dutch rail operator NS on Thursday announced it will cut 500 jobs to curb costs, with the state-owned... Published 01 Aug, 2024 04:17pm
Business & Finance Toshiba to cut up to 4,000 jobs in Japan TOKYO: Troubled Japanese industrial giant Toshiba said Thursday that it plans to cut up to 4,000 jobs domestically... Published 16 May, 2024 02:57pm
Business & Finance Some Wells Fargo employees vote in favor of unionization; others reject Wells Fargo employees at its Albuquerque, New Mexico branch voted to join a union on Wednesday, while some of the... Published 21 Dec, 2023 10:32am
Business & Finance Telefonica seeks to cut 5,100 jobs in Spain by 2026, union says MADRID: Telefonica told unions on Monday it sought to cut around 5,100 jobs in Spain by 2026 in an effort to reduce... Published 04 Dec, 2023 05:52pm
Business & Finance UBS to cut Credit Suisse investment bank staff in Spanish overhaul ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring... Published 25 Oct, 2023 08:13pm
Business & Finance Barclays to lay off dozens of US consumer bank employees NEW YORK: Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive... Published 25 Oct, 2023 08:10pm
Technology Nokia to cut up to 14,000 jobs after sales drop 20% STOCKHOLM: Finnish telecom gear group Nokia on Thursday said it will cut up to 14,000 jobs as part of a new cost... Published 19 Oct, 2023 11:00am
Business & Finance Biogen to cut 1,000 jobs to save costs as Alzheimer’s drug launch gathers pace Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or about 11% of its workforce, to save costs as the... Published 25 Jul, 2023 05:05pm
Business & Finance Alibaba’s cloud unit to cut 7% of staff in overhaul Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the staff as it... Published 23 May, 2023 05:23pm
Business & Finance BT to axe up to 55,000 jobs by 2030 LONDON: British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest... Published 22 May, 2023 06:23am
Technology UK telecoms firm BT to axe up to 55,000 jobs by 2030 LONDON: British telecoms and television group BT said Thursday it would axe up to 55,000 jobs by the end of the... Published 18 May, 2023 01:50pm