Business
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as…
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Jobs
Business
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year,…
Business
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities…
Politics
Gold steady as US-China trade uncertainty offsets strong US jobs data
Gold prices held steady on Wednesday (Jun 4) as the uncertainty over US-China trade relations offset the impact of strong US jobs data…
Business
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save…
Politics
Trump hails Nippon-U.S. Steel deal for saving 100,000 American jobs
President Trump touted the partnership deal he helped broker between U.S. Steel and Japan's Nippon Steel, saying the alliance will boost…
News
Owner worried about taking puppy to the office—not prepared for how it ends
A woman preparing to bring her puppy into her dog-friendly work office was nervous about how he would act—only to quickly realize she had…
Business
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Business
Walmart eliminates about 1,500 jobs on technology team
The company has about 1.6 million US employees, making it the largest private employer in the country Walmart is cutting corporate staff…
Business
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to…
Business
Student loan borrowers in these jobs have most long-term financial impact
A new national survey reveals that public-sector employees are significantly more likely to hold student loan debt than their…
Politics
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would…
Politics
Doug Collins Says Veterans Affairs Dept. Slashing 80,000 Jobs Is a Goal
Veterans Affairs Secretary Doug Collins pushed back on reports that his department would slash over 80,000 jobs, arguing that figures…
Politics
Homeland Security whistleblowers 'betrayed' by Biden administration win back jobs, pay
The Trump administration gave back pay and promotions to three Customs and Border Protection officials who suffered demotions and other…
Politics
US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
The latest message from the data on the U.S. economy is simple: So far, so good, until further notice. The labor market remained in a…
Business
Europe: Shares rise as markets cheer signs of easing Sino-US tensions, US jobs data
European shares surged on Friday (May 2), capping off a week filled with earnings across the continent, as signs of a potential…
Politics
Jobs numbers show federal employees teleworking at lowest level since pandemic
Federal workers are now showing up in their offices more than private-sector workers, with the lowest level of government employees…
Business
US: Wall Street opens higher on tariff, jobs data optimism
stock indexes opened higher on Friday (May 2), as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs…
Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
Business
U.S. added 177K jobs in April; strong report buoys markets
The U.S. added 177,000 in April and the unemployment rate was unchanged at 4.2%, the government said in a stronger-than-expected report.…
News
Gold set for worst week in more than two months; US jobs data eyed
GOLD prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered…