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.
Read more at The Wall Street Journal
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Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - 1h -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 6h -
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 - 1d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 1d -
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 - 1d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 2d -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - Jan. 10 -
December jobs report expected to show hiring slowdown
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...CBS News - Jan. 10 -
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 The Wall Street Journal
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CNN Settles Defamation Suit After Jury Found It Liable for Smearing Navy Veteran in Afghanistan Evacuation Story
News network reached a deal with Zachary Young as it was facing potentially tens of millions of dollars in punitive damages.The Wall Street Journal - 2h -
Fire at One of World's Largest Battery Plants Prompts Evacuations in California
Authorities haven’t determined what sparked the blaze.The Wall Street Journal - 2h -
U.S. Sues Walgreens for Role in Opioid Crisis
The pharmacy chain since August 2012 filled prescriptions that lacked a legitimate medical purpose, were invalid or weren’t issued in professional practice, the Justice Department said.The Wall Street Journal - 2h -
Financial Services Roundup: Market Talk
Find insight on TD Bank, Wise, Australian bank stocks and more in the latest Market Talks covering financial services.The Wall Street Journal - 3h -
Energy & Utilities Roundup: Market Talk
Read about the rig count, oil prices, Petronas and more in the latest Market Talks covering energy and utilities.The Wall Street Journal - 3h
More in Business
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S&P 500 now up in 2025 after broadening rally ahead of Trump inauguration
The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their ...MarketWatch - 44m -
Supreme Court Backs Law Requiring TikTok to Be Sold or Banned
The company argued that the law, citing potential Chinese threats to the nation’s security, violated its First Amendment rights and those of its 170 million users.The New York Times - 1h -
Israel’s full cabinet approves ceasefire deal with Hamas
Pact to stop fighting and free hostages endorsed by Netanyahu government before going into force SundayFinancial Times - 1h -
Ozempic is in the next round of Medicare drug price negotiations. See the full list of 15 medications
The talks on drugs including Novo Nordisk's Wegovy, GSK's Trelegy Ellipta, and Pfizer's Xtandi will set Medicare prices that go into effect in 2027.CNBC - 1h -
Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - 1h