Layoffs

HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  International

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations
Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations
February 07, 2020  |  Walmart Amazon whole paycheck

It was a fairly quiet week on the Walmart front in the race for the consumer’s whole paycheck, with only one big piece of news...

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Consumers’ Appetite For Home DNA Testing Wanes Amid Privacy Concerns
Consumers’ Appetite For Home DNA Testing Wanes Amid Privacy Concerns
February 06, 2020  |  Safety and Security

The busy business of home DNA facing its first major test, as consumer demand for the products is beginning to dim. The issue was surfaced by...

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OYO Cuts Hotel Locations, Staffing After Quick Growth
OYO Cuts Hotel Locations, Staffing After Quick Growth
February 03, 2020  |  International

India-based hotel group OYO is slowing its ambitions to be the world’s largest chain within the next three years, following a backlash from investors and...

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Lyft To Lay Off ~90 Sales And Marketing Employees
Lyft To Lay Off ~90 Sales And Marketing Employees
January 29, 2020  |  Ridesharing

Lyft announced upcoming job cuts on Wednesday (Jan. 29) as part of what it termed a “corporate restructuring.” The change comes as the ridesharing service...

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India’s Future Group Cuts eCommerce Venture, Lays Off About 400
India’s Future Group Cuts eCommerce Venture, Lays Off About 400
January 20, 2020  |  eCommerce

Future Group, the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 and laid off 350-400 workers, Livemint reported Sunday (Jan. 19),...

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Bose To Shutter 119 Tech Stores
Bose To Shutter 119 Tech Stores
January 16, 2020  |  Retail

Audio equipment company Bose has announced it is closing 119 retail locations due to changing customer demand, according to a report. Get the Full Story...

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SoftBank’s Vision Fund Startups See Spate Of Layoffs
SoftBank’s Vision Fund Startups See Spate Of Layoffs
January 10, 2020  |  Investments

As far as investments go, SoftBank’s Vision Fund’s recent bumps and bruises, and the state of many of its once high-flying holdings, bring to mind...

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
January 10, 2020  |  Gig Economy

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing...

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