Personnel
Paramount CEO announces layoffs as cost pressures, take-private talks build
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” “Our priority is to drive […]
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Microsoft lays off 1,900 workers, virtually 9% of gaming division, right after Activision Blizzard acquisition
Microsoft CEO Satya Nadella listens to an viewers member’s problem through the firm’s annual shareholder conference in Bellevue, Washington, Nov. 30, 2016. Stephen Brashear | Getty Photos Information | Getty Photographs Microsoft will lay off around 1,900 employees in its Gaming unit, or around 9% of Microsoft Gaming’s headcount, according to a Thursday memo acquired […]
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China youth unemployment will keep elevated in 2024, but EIU warns economic influence will linger
ZHENGZHOU, CHINA – SEPTEMBER 22: College students go to a work fair for graduates at Zhengzhou University on September 22, 2023 in Zhengzhou, Henan Province of China. (Photograph by VCG/VCG by means of Getty Pictures) Vcg | Visible China Group | Getty Photographs China’s youth unemployment will possible remain elevated this yr because of to […]
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Chipotle wants to hire 19,000 workers for busy spring season, will offer new financial perks
A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images Chipotle Mexican Grill hopes to recruit 19,000 new employees to make its burritos and bowls this spring, the company said Wednesday. The company’s hiring target suggests it’s expecting an even busier […]
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Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of […]
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Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday. Ford said the production changes […]
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Amazon's hottest layoffs strike its Acquire with Primary device
A worker delivers Amazon deals in San Francisco on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Photos Amazon is laying off some personnel in its Get with Key unit, the organization confirmed, as it continues to search for strategies to trim expenses. The cuts influence much less than 5% of personnel in the Invest […]
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Israel's ban on Palestinian workers is resulting in source shocks to its economy: central lender governor
Amir Yaron, governor of the Bank of Israel, speaks during an interest fees information meeting in Jerusalem, Israel, on Monday, Nov. 27, 2023. Kobi Wolf | Bloomberg | Getty Visuals The speedy ban on just about all Palestinian employees to enter Israel subsequent the Hamas-led terror assault of Oct. 7 has dealt a shock to […]
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10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, […]
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Amazon cuts hundreds of careers in Prime Online video and MGM Studios: Examine the memo to personnel
Amazon is laying off hundreds of staff throughout its Key Video clip and MGM Studios divisions. Mike Hopkins, who oversees those models, despatched a take note to staffers on Wednesday informing them of the work cuts, in accordance to a duplicate of the memo viewed by CNBC. An Amazon spokesperson confirmed the layoffs. Hopkins said […]
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