HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
Intel is undergoing significant changes under CEO Tan, including major job cuts and a shift in manufacturing strategy. With a focus on fiscal discipline, will these moves help the chip giant recover from its losses?
Stellantis reported a staggering 2.3 billion euro net loss in the first half of the year, driven by a significant slump in North American sales and the impact of new US tariffs. The company is restructuring to combat these challenges.
In a bold move, Cardinal Health's CEO Hollar has implemented a ruthless strategy to revitalize the company, slashing underperforming segments and refocusing resources. The results? A significant financial turnaround and renewed employee morale!
In a controversial decision, the Supreme Court has allowed the Trump administration to proceed with mass firings across 19 federal agencies, igniting fears among thousands of federal workers about their job security and the future of government services.
The U.S. Supreme Court has authorized President Trump's administration to pursue sweeping federal job cuts, potentially affecting hundreds of thousands of workers. This controversial decision raises questions about government efficiency and the future of public services.
In a surprising turn of events, Halo Studios has laid off at least five employees as part of Microsoft’s ongoing restructuring. With tensions high and projects in crisis, the future of Halo's next installment hangs in the balance.
NASA's recent town hall revealed crucial updates on workforce restructuring amid budget cuts, while exciting missions like Axiom Mission 4 and Artemis II are on the horizon. Key tools for voluntary separation were discussed, and an Emmy Award win highlighted the agency's achievements.
After nearly four decades, Anna Wintour is stepping down as editor-in-chief of American Vogue, marking a major shift in the fashion industry. While she remains with Condé Nast, a new leader will take her place, opening doors for fresh perspectives.
In a bid to streamline operations, Google has initiated voluntary buyouts for employees across key divisions, including search and advertising. With remote workers facing new hybrid policies, how will this impact the tech giant's future?
