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Tag: Job cuts

Finance/Business / Technology

Singapore’s largest bank DBS to layoff 4,000 amid AI boom

February 26, 2025February 26, 2025 - by cmedia

#ArtificialIntelligence#DBS#Layoff#Jobcuts IBNS-cmedia: DBS, Singapore’s biggest bank, is expected to reduce about 4,000 roles in the next three years. The move is driven by the increasing adaptation of Artificial Intelligence technologies in multiple …

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Gadgets / Technology

Microsoft layoffs employees across verticals in fresh job cuts for ‘future growth’

July 5, 2024July 5, 2024 - by cmedia

#Microsoft, #Layoffs, #MicrosoftLayoffs, #JobCuts Washington/IBNS-CMEDIA: American tech company Microsoft said that it held another round of layoffs this week as part of its ongoing effort to streamline its workforce after reports claimed that the new …

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Finance/Business

American department store chain Macy’s to slash 2,350 jobs

January 19, 2024January 19, 2024 - by cmedia

#Macys, #America, #JobCut, #Layoffs IBNS-CMEDIA: US department store chain Macy’s is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores. The 3.5 percent is …

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Canada / Finance/Business

RBC reveals profit rise in quarterly earnings, against the backdrop of the job cuts

August 27, 2023August 28, 2023 - by cmedia

#RBC; #RiseInProfit; #Jobcuts; #RBCJobCuts Toronto/CMEDIA: Since the start of May, Canada’s biggest bank the Royal Bank of Canada (RBC) reportedly revealed in its quarterly earnings on Thursday that it has …

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Finance/Business

Ericsson, telecom equipment maker to cut 8,500 jobs worldwide, Report

February 25, 2023February 25, 2023 - by cmedia

IBNS: Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters. The sack will be the …

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