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Uber slashes 3,700 jobs as Covid-19 takes toll on ride-hailing industry
Uber Technologies is again taking a massive slice out of its workforce, eliminating 3,700 positions in its customer support and recruiting teams, the company said Wednesday. The latest cuts are a result of the economic tsunami that has hit the compa.....»»
Wyndham Hotels to cut jobs, lower salaries and reduce hours as part of cost-cutting measures
Wyndham Hotels & Resorts Inc. disclosed Monday that it is implementing cost cutting measures as a result of the COVID-19 pandemic that includes job cuts, reduced salaries and reduced work hours. The company will eliminate 270 positions. The hote.....»»
Futures Movers: Oil prices gain on hope of substantial cuts to production by Saudi Arabia
U.S. benchmark oil futures on Wednesday trade higher as commodity experts wager that an important meeting of OPEC and its allies will result in a cut in output to stabilize prices......»»
The Tax Cuts and Jobs Act Disincentivized Homeownership, With Crippling Repercussions: Study
Affordability Forum Highlights Need for New Policy The Tax Cuts and Jobs Act disincentivized homeownership, the housing industry says, bearing broad c.....»»
What New York’s Corporate and Individual Taxpayers Need to Know in 2020
Crain’s Content Studio turned to three experts in tax planning to learn what New York taxpayers need to know as they file their 2019 returns, including preparing for life after the Tax Cuts and Jobs... To view the full story, click the title link......»»
Britain"s BBC to axe 450 newsroom jobs in cost-cutting drive
The BBC said on Wednesday it will axe 450 jobs from its news division in a cost-saving plan that will result in cuts at the World Service and its 5Live radio station and in fewer reports being made by analysis show Newsnight......»»
Nio cuts jobs in San Jose as result of Mobileye partnership
Nio USA, Inc. has made deep cuts into the autonomous driving department at its North San Jose office, cutting 141 jobs locally after some workers were made redundant by the Chinese electric car maker’s partnership with Intel Corp.’s self-driving ca.....»»
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service......»»
Hilliard Lyons cutting staff following acquisition
Hilliard Lyons will cut 53 employees this month as a result of its merger with Robert W. Baird & Co. Inc. That's in addition to about 33 jobs it has cut since the beginning of 2019, bringing the total cuts to 86 white-collar jobs. Baird announced plans.....»»
Robots to cut 200,000 U.S. bank jobs in next decade, study says
Technological efficiencies will result in the biggest reduction in headcount across the U.S. banking industry in its history, with an estimated 200,000 job cuts over the next decade, Wells Fargo &... To view the full story, click the title link......»»
For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll
The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found......»»
S.F.-based Wells Fargo cutting 400 out-of-state jobs
Wells Fargo & Co. is scaling back operations at a customer service center in Shoreview, Minn., a move that will result in 400 job cuts in the coming months. The Star Tribune reports on the cuts by San Francisco-based Wells Fargo (NYSE: WFC), which d.....»»
Wells Fargo cutting 400 jobs in Shoreview
Wells Fargo & Co. is scaling back operations at a customer service center in Shoreview, Minn., a move that will result in 400 job cuts in the coming months. The Star Tribune reports on the cuts by San Francisco-based Wells Fargo (NYSE: WFC), which d.....»»
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
Deutsche Bank's supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said......»»
Will Automatic Data Processing (ADP) Beat in Q3 Earnings?
Solid revenue growth, improved operating performance and lower tax rate (as a result of Tax Cuts and Jobs Act) are expected to drive ADP's third-qua.....»»
How FedEx fared with the U.S. Tax Cuts and Jobs Act
More than $3 billion. That is how much FedEx said it would invest as a result of the U.S. Tax Cuts and Jobs Act......»»
Government is examining jobs at stake if Deutsche, Commerzbank merge: Merkel"s chief of staff
Chancellor Angela Merkel's chief of staff said the government was looking into the issue of job cuts, after a workers' union said that a merger of Deutsche Bank and its rival Commerzbank could result in 30,000 lost jobs......»»
Deutsche, Commerzbank merger would put 30,000 jobs at risk: union
A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster......»»
Borr Drilling cuts Houston jobs after Paragon Offshore acquisition closes
Borr Drilling Ltd. informed the Texas Workforce Commission earlier this month that it is cutting 66 Houston jobs. The job cuts are the result of the company’s acquisition of Paragon Offshore Ltd., which closed March 29, according to a Worker Adju.....»»
SeaWorld cutting 125 jobs as part of restructuring
SeaWorld Entertainment Inc. said Tuesday that it is implementing a company-wide restructuring that will result in 125 job cuts. "For those employees who will .....»»