Business
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027,…
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Jobs
News
Washington Times Weekly: Jobs down, shopping up, diving headfirst into the holiday season
I'm George Gerbo and welcome to Washington Times Weekly, where we get a chance to sit down with our reporters and talk about their…
Business
Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of…
News
Trump Official Panics as Brutal Jobs Report Blames Trump’s Tariffs
The order banned citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia,…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
Business
Omnicom to cut over 4,000 jobs and shutter legacy ad agencies after IPG acquisition
Omnicom said on Monday it will lay off more than 4,000 employees and fold several well-known advertising agency brands after its $13…
Culture
Allianz to cut up to 1,800 jobs due to AI advances
German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial…
Culture
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years McKinsey & Co cut about 200 global…
Business
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP SAID on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and…
Business
Consumer confidence falls to lowest level since April as Americans worry about inflation and jobs
U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring, and stubborn…
Business
ABN Amro to cut 5,200 jobs by 2028
ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision…
Fashion
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units Spain’s largest…
Business
Video: What the Jobs Report Tells Us About the Economy
new video loaded: What the Jobs Report Tells Us About the Economy What does the September jobs report, delayed by six weeks because of the…
Business
Layoffs across sectors are raising worker anxiety. These companies have recently cut jobs
It’s a tough time to be looking for a job. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no…
Business
Gold falls as strong US jobs data dims rate-cut prospects
Traders now see nearly a 39% chance for a Fed rate cut next month, down from 60% earlier this month Gold prices slipped on Friday (Nov 21)…
Business
Verizon cutting more than 13,000 jobs as it restructures
US wireless carrier Verizon on Thursday (Nov 20) said that it will cut more than 13,000 jobs in its largest single layoff as it works to…
Business
Europe: Shares advance on Nvidia results lift; investors assess US jobs data
EUROPEAN shares closed higher on Thursday (Nov 20) after artificial intelligence (AI) bellwether Nvidia’s results quelled concerns around…
Business
U.S. employers added 119,000 jobs in September, delayed report says
U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been…
Business
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s stellar results…
News
Labor Department skips October jobs report due to government shutdown
The Labor Department announced Wednesday that it won't be releasing its monthly jobs report for October because the record-breaking…
News
Labor Department cancels full October jobs report due to the federal shutdown
The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government…
Business
Gold steady as focus turns to Fed minutes, US jobs report
Gold prices were steady on Wednesday (Nov 19), as investors awaited minutes from the US Federal Reserve’s latest policy meeting and US…
Business
Asia: Markets track Wall Street down with Nvidia, US jobs in view
Asian stocks sank on Tuesday, tracking more losses on Wall Street as investors grow increasingly worried about frothy tech valuations,…
Business
Verizon to cut about 15,000 jobs as it restructures under new CEO
Verizon is planning to cut about 15,000 jobs in the telecommunications company’s largest-ever layoffs as part of a restructuring under its…