Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. ...
Tag: Layoffs
Twilio lays off 5% of employees in unit activists want to divest
Jeff Lawson, CEO of Twilio, during the Singapore FinTech Festival in Singapore on Nov. 17, 2023.Lionel Ng | Bloomberg | ...
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at ...
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are ...
Foodpanda confirms layoffs, says it’s in talks to sell part of Asia food delivery business
A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle ...
Astra conducts layoffs, raises debt and shifts focus to spacecraft engines in bid to survive
An Astra Spacecraft Engine during testing.AstraStruggling space company Astra is cutting 25% of its workforce, the company announced Friday, and ...
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
Shopee reportedly conducted three rounds of layoffs this year as its parent Sea Limited struggles towards profitability.Lauryn Ishak | Bloomberg ...
