job cuts

2 months ago

Southwest Airlines Announces First-Ever Mass Layoffs

Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — marking the first mass layoffs in the company’s history. Details of the Workforce Reduction The layoffs,

hsbc-reports-3%-workforce-reduction-and-stable-bonus-pool

Business

2 months ago

HSBC Reports 3% Workforce Reduction and Stable Bonus Pool

HSBC’s headcount fell by 3% in 2024 while its staff bonus pool remained largely unchanged, according to the bank’s financial report issued on Wednesday. The Asia-focused lender continues to focus on cost-cutting

Volkswagen-and-Labor-Unions-Near-Historic-Pay-and-Jobs-Deal

Business

4 months ago

Volkswagen and Labor Unions Near Historic Pay and Jobs Deal

Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever