Commerzbank explores thousands of job cuts in answer to Andrea Orcel
German lender under pressure to cut costs and boost returns after approach from UniCredit
Read more at Financial Times
Topics
-
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - 1d -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 1d -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 2d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 2d -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - 2d -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - 2d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 3d -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9
More from Financial Times
-
Santander considers UK exit amid frustrations with high street banking
Spanish group reviewing its presence in the country as returns lag other marketsFinancial Times - 3h -
Liberalism’s quiet victories
Against religion, against de-growth, against a pandemic, modernity enduresFinancial Times - 19h -
Trump says he will ‘most likely’ give TikTok extension to avoid ban
Chinese-owned video app warns it will ‘go dark’ on Sunday without government interventionFinancial Times - 1h -
Ben-Gvir to quit Israeli coalition after it endorses Gaza ceasefire deal
Far-right security minister’s departure will leave Netanyahu with a two-seat government majorityFinancial Times - 3h -
Trump’s border tsar vows ‘shock and awe’ deportations in first week
Tom Homan said officers will carry out ‘targeted enforcement operations’ against immigrants with criminal recordsFinancial Times - 3h
More in Business
-
‘I am afraid to push the system for an answer’: I’m a firefighter, 57, from Oklahoma. If I die, will my husband be denied my pension?
“As you can probably guess, firefighters in same-sex relationships are not that common in Oklahoma.”MarketWatch - 1h -
‘He’s twice mentioned divorce’: My new husband told me he’ll have $500,000 for retirement, but he’s $80,000 in debt. How do I protect myself?
“Six months after we married, we had planned to get pre-qualified for a mortgage with the intention of selling both our homes.”MarketWatch - 1h -
Trump says he will ‘most likely’ give TikTok extension to avoid ban
Chinese-owned video app warns it will ‘go dark’ on Sunday without government interventionFinancial Times - 1h -
Solana surges 12% on launch of Trump-themed meme coin, ether falls
Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.CNBC - 2h -
Trump’s border tsar vows ‘shock and awe’ deportations in first week
Tom Homan said officers will carry out ‘targeted enforcement operations’ against immigrants with criminal recordsFinancial Times - 3h