US: Wall Street opens higher on jobs data optimism; Tesla rebounds
stock indexes opened higher on Friday (Jun 6) after a strong jobs report calmed worries over the health of the labour market, while Tesla shares rebounded on signs of cooling…
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Jobs
Amazon cuts more jobs, this time in books division
Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than…
US: Wall Street opens higher as investors focus on trade, key jobs data
stock indexes opened higher on Thursday (Jun 5) after signs of tariff negotiations between the US and China, while investors looked ahead to a key jobs report to gauge the…
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand…
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as part of…
Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global tech…
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year, its chief executive said on Wednesday (Jun 4).…
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new…
Gold steady as US-China trade uncertainty offsets strong US jobs data
Gold prices held steady on Wednesday (Jun 4) as the uncertainty over US-China trade relations offset the impact of strong US jobs data that boosted risk appetite. Spot gold was…
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save money Microsoft cut hundreds more jobs just…
Trump hails Nippon-U.S. Steel deal for saving 100,000 American jobs
President Trump touted the partnership deal he helped broker between U.S. Steel and Japan's Nippon Steel, saying the alliance will boost manufacturing and keep an iconic company under…
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US oil producer’s plan to cut up to 20 per…
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
The trade war will cost 7 million jobs in 2025, according to a UN report. Here’s the breakdown
The International Labor Organization (ILO), an agency of the United Nations, has downgraded its global employment forecast for 2025, saying “the global economy is growing at a slower pace…
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar…
Volvo Cars to cut 3,000 jobs in restructuring
The reductions will primarily affect office-based positions in Sweden and represent around 15% of the total office-based workforce globally Sweden-based Volvo Cars said on Monday…
21 Celebs Who Took Normal Jobs After Their Hollywood Money Ran Out
While working at a restaurant, Anneliese Van Der Pol had to wait on fellow Disney Channel star Ashley Tisdale. Anneliese said, "I wanna say she was lovely, but...She didn't do anything,…
TV Writing Staffs Got More Diverse Even as Jobs Dwindled, WGA Study Finds
TV writing staffs have continued to get more diverse, even with far fewer jobs available, according to a study released Wednesday by the Writers Guild of America. The report found that…
Walmart eliminates about 1,500 jobs on technology team
The company has about 1.6 million US employees, making it the largest private employer in the country Walmart is cutting corporate staff in the company’s headquarters in…
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to cut more than 1,500 jobs to meet cost…
AI advances may threaten women’s jobs more than men’s
Women may be at a heightened risk for being edged out of their job (or having their duties change) due to AI. According to a new study, jobs disproportionately done by women, especially in…
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would make production changes and cut 5% of the…
Accounting giant PwC announces layoffs: 1,500 jobs will be cut in the U.S.
Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson told Reuters on Monday. The workforce reduction equates to approximately 2% of…