Finance News – Workforce
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Burberry to cut 1,700 jobs as designer suffers heavy losses
The company plans to reduce its global staff by approximately 20%, a measure aimed at addressing substantial financial setbacks and improving overall cost efficiency.
Read Full Article →Burberry shares jump on turnaround hopes but job losses loom
Investors responded positively to Burberry’s improved prospects for the latter half of the year, although concerns remain due to the planned reduction of 20 percent of its employee...
Read Full Article →Microsoft to lay off 6,000 workers despite streak of profitable quarters
Microsoft's decision to reduce its staff by approximately 6,000 employees reflects an effort to optimize operational costs despite recent profitability and overall workforce growth...
Read Full Article →‘Tone deaf’: US tech company responsible for global IT outage to cut jobs and use AI
CrowdStrike plans to reduce its global headcount by 5%, attributing the decision in part to operational improvements driven by the integration of artificial intelligence technologi...
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