Starbucks Expecting Job Cuts by March

Here’s the No. 1 Thing to Know About Starbucks and Bathrooms

Talk about a universal customer problem.

Inc. - 3h

UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates

Financial Times - 6h

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

Financial Times - 3d

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 - 3d

Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - 3d

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 - 4d

The death of DEI is exaggerated, says fund manager targeting Starbucks and Nike

The creator of a fund designed to punish companies engaging in diversity, equity and inclusion activities says the Republican sweep hasn’t really deterred companies as much as has been suggested.

MarketWatch - 4d

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - 5d

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...

The Guardian - 5d

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 - 5d

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 - 5d

Starbucks Reverses Its Open-Door Policy for Bathroom Use and Lounging

Starbucks said visitors to the coffee shops would be required to buy something in order to use the restroom or stay in the store, as the company’s new chief executive responded to a decline in sales.

The New York Times - 5d

March Madness will pay women's teams under a new structure approved by the NCAA

Women’s basketball teams finally will be paid for playing games in the NCAA Tournament each March just like the men have for years under a plan approved Wednesday at the NCAA convention

ABC News - 5d

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - 5d

A global bond sell-off is deepening as investors pare Fed rate-cut expectations

A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.

CNBC - 6d

Gazprom considers record job cuts as Ukraine war ravages finances

Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on line

Financial Times - Jan. 13

India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts

The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.

CNBC - Jan. 13

Stock market plunges after better-than-expected December jobs report

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...

CBS News - Jan. 10

Treasury yields jump after US jobs report smashes expectations

Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cuts

Financial Times - Jan. 10

Surprising December jobs growth is denting chances of a first-half Fed rate cut

Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...

MarketWatch - Jan. 10

Mark Rylance joins criticism of police ban on pro-Palestine march in London

Protesters planned to gather outside BBC HQ, which is near a synagogue, on the Jewish holy day. Mark Rylance, the star of the BBC’s Wolf Hall, has joined the singer Charlotte Church and actor ...

The Guardian - Jan. 10

10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report

U.S. Treasury yields jumped after December's jobs report was stronger than expected.

CNBC - Jan. 10

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

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - Jan. 10

US job market soars past expectations in last report before Trump retakes White House

Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency. The US labor market expanded strongly in the last jobs report of the Biden administration , ...

The Guardian - Jan. 10

Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail

Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.

CNBC - 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

Friday's jobs report could present a mixed view of the labor market. Here's what to expect

Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.

CNBC - Jan. 10

Microsoft confirms performance-based job cuts across departments

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

NBC News - Jan. 9

Assassin's Creed Shadows delayed to March 20 for polish and bug fixing

Ubisoft announced another delay for the latest entry in the Assassin's Creed franchise amidst a broader cost-cutting effort for the company.

ESPN - Jan. 9

Assassin's Creed Shadows Delayed Again To March 20

Ubisoft has delayed Assassin's Creed Shadows once again, moving the game from its planned February 14 launch date to March 20. Ubisoft says that it made the decision to provide an additional month ...

GameSpot - Jan. 9

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

Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises

Financial Times - Jan. 8

Eagles cut reserve QB, signaling Jalen Hurts' expected return vs. Packers in 2025 NFL playoffs

Hurts missed the Eagles' final two games due to a concussion

CBS Sports - Jan. 8

Private sector companies added 122,000 jobs in December, less than expected, ADP says

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

CNBC - Jan. 8

Scar tissue made Lions tougher on march to NFC's No. 1 seed

Winning 15 games and earning the NFC's top seed is more evidence of Detroit's identity-changing rise to one of the NFL's best franchises. Is a Super Bowl next?

Yahoo Sports - Jan. 6

Protesters march in London for release of teenage boy in Dubai jail

Marcus Fakana from north London was convicted of having sex with British girl, now 18, when they were on holiday. Protesters have marched through central London calling for the release of a ...

The Guardian - Jan. 4

US unemployment claims fall to the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security

ABC News - Jan. 2

Starbucks Expecting Job Cuts by March

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