Bank of America
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Business
US consumer spending declines; annual inflation subsides
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
$2 billion stake
Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
Southwest Airlines slashed 15% of its corporate workforce in an effort to cut overhead costs.
adjusted loss
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
737
Boeing fine-tunes job cuts as major buyer slams 777X jet delay
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
anchoring
CNN Says It Will Cut 100 More Jobs To Better Focus On Its Digital Service
CNN will cut an estimated 100 jobs as part of a new shift in the company to change its operations and strengthen its digital media presence, higher ups told employees in an internal memo viewed by multiple sources.
AI code development
Financial industry grappling with AI’s gifts and perils, executives say
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
Business
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
employment
PlayStation’s Sony To Cut 900 Jobs, As Layoffs Continue To Increase In Gaming Sector
Tech and video game giant Sony has announced a major round of layoffs.
employees
Snap Cutting 10% Of Global Workforce
The Social media company Snap has announced another round of layoffs amid financial struggles lately.