Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
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Take-Two Interactive cuts 5% of workforce, shutters projects amid cost-cutting measures
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
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Google restructure leads to job cuts
Alphabet's Google trimmed an unspecified number of employees from its workforce, a move it stated is part of a wider restructuring intended to simplify operations and increase efficiency.
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Posti plans nearly 300 job cuts
The restructuring plans were due to reduced demand, not external factors like the labour market situation, the company said.