Burberry has announced plans to cut 1,700 jobs as part of a cost-saving initiative following a £66m loss. The cuts, primarily affecting the UK, aim to streamline operations and ensure the brand's future in luxury fashion.
Nissan's latest announcement reveals another 11,000 job cuts and the closure of seven factories as it grapples with declining sales in key markets. This follows a year of significant layoffs totaling 20,000 jobs. Will Nissan bounce back?
A federal judge has temporarily halted the Trump administration's plan to lay off thousands of federal workers, citing the need for Congressional approval. This ruling could reshape the future of government employment.
In a bid to enhance profitability, Panasonic Holdings Corp. announces plans to lay off 10,000 employees, including 5,000 in Japan and 5,000 abroad. The company anticipates significant restructuring charges as it shifts focus.
In a significant move, the NIH has laid off 200 employees as part of a larger workforce reduction, with plans to hire back in critical areas. Discover how this impacts health services and emergency preparedness.
UPS is set to lay off 20,000 employees and shut down over 70 facilities as it reduces Amazon shipments. CEO Carol Tomé emphasizes the need for cost reduction amidst uncertain economic conditions.
U.S. President Trump's trade war is wreaking havoc on major corporations. With companies like UPS cutting 20,000 jobs and GM abandoning outlooks, the uncertainty is palpable. Are consumers bracing for a major economic downturn?
Get the latest updates on Trump's presidency as we delve into new tariffs on Chinese imports, a brewing feud with Harvard, and significant job cuts across federal agencies. How will these changes impact you?
General Motors announces a significant reduction in production of its BrightDrop electric delivery vans, impacting 500 jobs and leading to a 20-week idling of the CAMI assembly plant in Canada. This decision reflects a shift in market demand as the automaker struggles to meet revenue expectations for the new subsidiary.
Stay updated on the Trump presidency as we delve into the latest on tariffs impacting the economy, shocking military leaks, and significant job cuts in federal agencies. What does this mean for America?
