Amazon is planning to cut 14,000 managerial positions by early 2025 as part of its efforts to cut costs and improve efficiency, according to a report. The move, which accounts for a 13% reduction in its global management workforce, is expected to help the company save between Rs 210 crore and Rs 360 crore annually. … Read more
(Adds details on layoffs, reorganization in paragraphs 2, 9-10) TORONTO, March 7 (Reuters) – Royal Bank of Canada , Canada’s largest lender, laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC’s domestic business last year, two sources with direct knowledge of the layoffs told … Read more
Monday’s job cuts were a first in company’s 54-year history Southwest operated with philosophy that happier employees result in happier customers Layoffs are a nod to pressure to shore up profits Elliott wield influence with board seats Southwest’s flight attendant union says the cuts create uncertainty CHICAGO, Feb 19 (Reuters) – Southwest Airlines’ first company-wide … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon has been emphatic about employees returning to the office (RTO) to work, dismissing hybrid or work-from-home (WFH) options for his workforce. During the recent company town hall on February 12, one staff member who disagreed was allegedly fired for questioning Dimon about the RTO policy, according to a … Read more
2025-01-23 18:25:00 : (Bloomberg) — J Sainsbury Plc, Britain’s second-largest supermarket chain, will cut 3,000 jobs and close remaining cafes after the government announced a rise in corporate taxes. Sainsbury’s said on Thursday the move would involve a reorganization of roles at its headquarters and a 20% cut in senior management positions. Overall, the layoffs … Read more