Starbucks is announcing a major restructuring as it lays off 1,100 corporate workers from its headquarters in Seattle. CEO Brian Niccol reveals …
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Business
Nissan Cuts 9,000 Jobs, Lowers Profit Forecast Amid Struggles in Chinese Market
by Sonia Parkby Sonia ParkNissan Motor Co. is making sweeping cuts across its global operations, announcing a plan to reduce its workforce by 9,000 and cut …
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Business
True Value Hardware Files for Bankruptcy Amid Slowing Housing Market
by Sonia Parkby Sonia ParkTrue Value, a well-known hardware store brand with a 75-year history, has filed for Chapter 11 bankruptcy as it faces increasing financial …
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Pixar Animation Studios announces the layoff of 175 employees, a move that impacts over ten percent of its workforce. This significant reduction …
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Business
Navigating Industry Shifts: Expedia’s Workforce Reduction & Strategic Transformation
by Sonia Parkby Sonia ParkIn response to the evolving dynamics of the travel industry and internal changes, Expedia, a leading online travel agency, has undertaken a …
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SolarEdge Technologies, a leading smart energy tech player, announced a significant workforce reduction as part of a strategic restructuring plan.
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Business
Wayfair Announces Workforce Reduction: 13% Job Cuts to Streamline Operations
by Sonia Parkby Sonia ParkWayfair, the online home goods retailer, has revealed plans to implement a significant workforce reduction, affecting 13% of its global employees. The …
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Business
Citigroup Announces Massive Workforce Reduction with 20,000 Job Cuts
by Sonia Parkby Sonia ParkIn a significant move that reverberates through the financial sector, Citigroup, headquartered in New York City, has announced plans to implement a …