UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump’s tariffs are prompting some…
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How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate whether humanity benefits from a warming climate, in…
UPS layoffs: 20,000 jobs cut, 73 locations to close as company cites less Amazon business amid tariff uncertainty
United Parcel Service (UPS) said on Tuesday it will slash 20,000 jobs and close more than 70 facilities to lower costs as it braces for less Amazon shipments, due to global economic…
UPS profit beats estimates, to cut 20,000 jobs on economic worries
The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty United Parcel Service reported a better-than-expected profit for its first…
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell heavily amid difficult market conditions…
Bay Area tech workers thought their jobs were safe. Then the 'golden handcuffs' came off
Evan Richardson grew up in Silicon Valley, surrounded by big tech companies that transformed how people live, socialize and work. As a curious kid, Richardson took apart electronics and…
Housing market inventory with a price cut just hit a decade high
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Just because a home listing gets a price cut doesn’t necessarily…
Coty to Cut 700 Jobs Amid Strategic Overhaul
Coty Inc., the beauty company behind the likes of Covergirl, Kylie Cosmetics and Lancaster, among many others, is cutting up to 700 jobs as it revisits a strategy launched during the…
Renault to cut costs as US tariffs lash car market
French carmaker Renault said on Thursday (Apr 24) it will seek to further cut costs as US tariffs shake up the global car market. Renault does not sell cars in the United States, so it…
Volvo to cut up to 800 workers over Trump’s tariffs
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald…
Carolina Was Not Cut Out for 'The Bachelor'
Maybe the biggest reality dating show on the air, The Bachelor, has seen every type of person play. Carolina Quixano was less than perfect on The Bachelor, but the attitude and mob…
HP sees weaker profit on tariffs; will cut over 1,000 jobs
HP GAVE a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China. Earnings, excluding some…
China must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and return to profitability, according to clean energy…
Starbucks to lay off 1,100 workers and cut these 13 drinks amid lackluster sales
Starbucks plans to lay off 1,100 corporate employees and eliminate hundreds of open and unfilled positions, CEO Brian Niccol said on Monday. In a memo, Niccol said the cuts will remove…
Federal Judge Blocks Trump's Executive Order to Cut Funding for Diversity Programs, Citing Free Speech Violations
A federal judge has halted an executive order by former President Donald Trump that aimed to end government support for diversity, equity, and inclusion (DEI) programs. The ruling, issued…
Zelensky Surrenders to Trump as He Agrees to Sign US Mineral Deal 'In Very Short Term' after Ukraine Was Cut Out of Peace Talks
Donald Trump seems to have won in his trade standoff with Volodymyr Zelensky, as the Ukrainian leader is now expected to agree to a deal granting the U.S. access to valuable critical…
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused…
Southwest Airlines to cut 15% of corporate jobs in first-ever layoffs
SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the carrier’s history. The pullback will impact 15…
Australia set for first rate cut since 2020 as trade risks mount
AUSTRALIA’S central bank is poised to cut interest rates for the first time in four years even as the board remains alert to potential inflationary pressures from mounting global trade…
Independent Production on the Rise, Studios Cut Back and Everyone Looks to Asia: Takeaways From Ampere Analysis’ EFM Presentation
As the entertainment world continues to evolve post-pandemic, Ampere Analysis’ Guy Bisson offered a compelling look at the global film industry’s current state and its trajectory in 2025…
‘Nosferatu’ Sets Peacock Streaming Date With Never-Before-Seen Extended Cut Also Available
For people wanting a bit more horror on their Valentine’s Day, Peacock has a bloody good announcement for you: Robert Eggers’ hit film “Nosferatu” will begin streaming on the service on…
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns that the Federal Reserve would not cut interest rates…
Malaysia’s Petronas to cut jobs to ensure survival: reports
MALAYSIA’S state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on…
Workday to cut nearly 2,000 workers on profit focus
WORKDAY is cutting about 8.5 per cent of its workforce, making it the latest technology company to begin 2025 with headcount reductions. The cuts will amount to about 1,750 workers, chief…