Macy’s Initiates Streamlining Effort: 2,350 Job cuts & 5 store closures disclosed

Macy’s, the US department store chain, has revealed plans to cut 2,350 jobs and shut five…

Citigroup considers significant job cuts in major restructuring: Report 

Citigroup is reportedly contemplating substantial job reductions of at least 10 per cent in several of…

UK retailer Wilko to shut all stores, putting 12,500 jobs at risk: Report

Following a failed revival plan for the business, the infamous hardware store’s name, Wilko will no…

Hundreds of thousands lose jobs in 2023 as tech giants race to cut costs

Hundreds of thousands have lost jobs across sectors in 2023 as technology behemoths raced to cut…

TikTok to cut staff in Russia, says the social media company in statement

Social media company TikTok said on Friday (December 16) that it will cut its Russian staff.…

Meta boss Mark Zuckerberg says mass lay offs to begin from Wednesday morning

Mark Zuckerberg-owned Meta will be laying off employees on Wednesday morning, the Wall Street Journal (WSJ)…