Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
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Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’
Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. What memo said on Google's restructuring plans?Ruth Porat wrote in the memo as per the report, “The tech sector is in the midst of a tremendous platform shift with Al. As a company, this means we have the opportunity to make more...
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Jerome Powell pumped the brakes on rate cuts, but Goldman still eyes a soft landing because of the strong job market
The soft landing is still on because spikes in inflation were a blip and the job market isn’t seeing many layoffs, Goldman’s chief economist says.
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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