Finance News – Staff
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Toy Giant Hasbro Lays Off 3% of Staff Amid Tariffs
Hasbro’s decision to reduce its workforce by 3% reflects efforts to manage increased operational costs likely influenced by recent trade tariffs affecting the toy industry.
Read Full Article →Meta is Attempting to Poach OpenAI Staff With $100M Signing Bonuses: Sam Altman
Meta is offering exceptionally large signing bonuses to attract talent from OpenAI, highlighting a strategic financial effort to strengthen its workforce despite facing challenges...
Read Full Article →Popular bakeries close their doors with staff owed super, leave
The closure of several well-known bakeries in inner Melbourne has resulted in employees being collectively owed substantial amounts in unpaid superannuation and accrued leave benef...
Read Full Article →McKinsey sheds 10% of staff in two-year profitability drive
The consultancy firm's reduction in workforce aims to improve profit margins, highlighting a strategic shift in resource management compared to its competitor’s approach of expandi...
Read Full Article →Thames Water boss ordered to tell MPs if executives received bonus payments
The controversy centers on whether senior employees at the major water firm received large incentives tied to a significant emergency loan despite ongoing financial difficulties.
Read Full Article →Federal Reserve to slash staff by 10% over several years
The planned workforce reduction at the Federal Reserve is expected to decrease operational expenses, reflecting an effort to manage public funds more efficiently over the upcoming...
Read Full Article →‘I’ve never known fear like it’: Tom Kerridge on booze, bad-boy chefs and the crisis for pubs and re...
The ongoing difficulties in the hospitality sector are impacting revenue streams and employee stability, highlighting the broader economic challenges faced by businesses in food an...
Read Full Article →BAE Systems to spend billions on growth and hire thousands more staff
The company’s upcoming investment and large-scale recruitment efforts reflect expectations of increased demand in the defense sector, contributing to a significant rise in its stoc...
Read Full Article →UPS and the post office are both slashing staff
UPS and the U.S. Postal Service are reducing their workforce by approximately 30,000 employees, which may reflect cost-cutting measures but is not expected to notably impact the sp...
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