Business
Xbox cuts 3,200 jobs as gaming business struggles
Xbox is hitting the reset button. Microsoft’s video game division plans to eliminate 3,200 jobs, or around 20% of its staff, over the next…
Tag
Cuts
Business
Kia cuts EV target, confirms electric pickup, and plans to put Atlas robots in its Georgia factories
In short: On the day that 25% US tariffs on South Korean imports took effect, Kia held its 2026 CEO Investor Day in Seoul and presented a…
Business
Buffett cuts Amazon stake, makes bet on New York Times
Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon.com by more than 75 per cent in the fourth quarter, while also building a…
News
New Democratic Governor Cuts Her State Out of ICE Operations
The EEOC’s chair, Andrea Lucas, who first joined the agency as a commissioner after being nominated by Trump in 2020, filed a…
Business
Maersk’s 2026 earnings drop with gradual opening of Red Sea, cuts jobs
It expects its underlying Ebitda to be between US$4.5 billion and US$7 billion this year, down from US$9.6 billion in 2025 Danish shipping…
Business
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December Paribas nudged up its 2028…
Business
Washington Post Cuts Amazon Reporter Amid Mass Layoffs
Among the many layoffs The Washington Postannounced Wednesday was reporter Caroline O’Donovan, who covers tech companies and corporate…
Business
Wegovy-maker Novo Nordisk warns of 'painful' price cuts as shares slump
Novo Nordisk is facing "unprecedented" price pressures, "intensifying competition" and patents expiring. Source link
News
Trump cuts tariffs on India to 18% after Modi agrees to stop buying Russian oil
President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister…
Business
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the country Indonesia’s Coal Mining Association…
Business
Peloton cuts 11% of jobs, with engineering teams getting hit
The fitness technology company joins a slew of other tech companies that have recently slashed their workforces Peloton Interactive, the…
Celebrity
Odessa A’zion Says She’s Exiting A24 ‘Deep Cuts’ Adaptation After Controversy: ‘I Hadn’t Read the Book’
“Marty Supreme” breakout Odessa A’zion took to her Instagram Stories on Wednesday night to announce she is dropping out of Sean Durkin’s…
Business
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
Goldman Sachs lowered its rating on Indonesian equities on Thursday, a day after index provider MSCI flagged investability risks,…
Business
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Amazon said on Wednesday (Jan 28) it was…
Business
BlackRock cuts private credit executives hired pre-HPS deal
BlackRock is cutting about 10 people from its private financing solutions group as it continues to integrate its US$12 billion acquisition…
Business
BlackRock cuts value of private debt fund by 19%, waives fee
A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of troubled loans weighed on…
Business
Amazon plans thousands more corporate job cuts next week, sources say
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according…
Business
Autodesk layoffs today: Software company cuts 7% of jobs in latest tech downsizing
Autodesk Inc., a maker of digital design software, announced Thursday that it plans to lay off about 1,000 employees, largely in sales…
News
Canada cuts tariff on Chinese EVs in exchange for lower tariffs on Canadian farm products
Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian…
Business
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances China’s central bank will lower interest…
Business
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts Meta Platforms is beginning to cut more than 1,000 jobs…
News
Amazon pushes suppliers for cuts ahead of Supreme Court tariff ruling: FT
AMAZON is seeking to cut what it pays suppliers for goods it sells on its e-commerce platform, as the tech giant moves to reverse…
Business
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Business
Cathay Pacific seeks savings, cuts some jobs in efficiency push
The airline has said that it plans to hire 3,000 people this year, pushing headcount beyond the 34,000 at the end of 2025 Cathay Pacific…