Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited's Shopee and Tokopedia, according to Momentum Works.Matt Hunt | ...
Tag: cuts
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little ...
Fed sees rates staying high for some time with cuts eyed in 2024
“Participants viewed the policy rate as likely at or near its peak for this tightening cycle,” according to the minutes ...
Nike, Foot Locker shares sink after athletic apparel maker cuts revenue outlook
Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer ...
Tech companies like Google and Meta made cuts to DEI programs in 2023 after big promises in prior years
Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech ...
Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered ...
FedEx profit misses, cuts full-year revenue forecast; shares sink
FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts' targets on Tuesday, sending ...
US stocks open higher as investors pin hopes on Fed rate cuts
Wall Street's main stock indexes opened higher on Tuesday, building on strong gains in recent weeks as investors continued to ...
Meta’s stock is wrapping up a record year, spurred by cost cuts that followed a disastrous 2022
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on ...
Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila ...
