Adidas Cut Jobs - QuikReader

CNN Cuts Jobs and Shuffles TV Lineup as It Enters New Trump Era

Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work force.

The New York Times - 7h

Adidas Shares Jump After Preliminary Results Beat Expectations

The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.

The Wall Street Journal - 1d

CNN Cuts Jobs and Shuffles TV Lineup as It Enters New Trump Era

Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work force.

The New York Times - 7h

'Opportunity of a lifetime': Jobs announced on Antarctica

Yahoo News - 7h

Sainsbury's to cut 3,000 jobs and shut cafés and pizza counters

The changes are part of a cost-cutting plan, but recent tax rises for businesses have also been a factor.

BBC News - 7h

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.

CNBC - 8h

What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More

President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.

The New York Times - 9h

Sainsbury’s to cut 3,000 jobs as rising costs hit business

Supermarket chain will lose a fifth of senior management roles and close in-store cafés

Financial Times - 11h

Puma stock slumps, a day after Adidas rally. New Speedcat range may be to blame.

Puma shares slumped on Thursday as the German apparel maker’s preliminary fourth-quarter numbers disappointed analysts.

MarketWatch - 16h

These federal jobs are most at risk of being cut by Trump’s executive orders

Workers in DEI roles, new hires, and IRS employees are at risk as Trump culls the federal workforce.

MarketWatch - 1d

Adidas has ‘brand heat,’ analysts say. It’s a hot stock, too.

Adidas stock rallied on Wednesday as the apparel maker said its fourth-quarter results would come in ahead of estimates.

MarketWatch - 1d

Adidas shares pop 6% as European markets open with positive momentum

European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week.

CNBC - 1d

Stripe cuts 300 jobs in product, engineering and operations

Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

CNBC - 2d

Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.

The Wall Street Journal - 2d

UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates

Financial Times - 2d

Anatomy of a jobs promise

Eye-catching boosterism about employment from new projects does not always stand up to scrutiny

Financial Times - 2d

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 - 5d

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 - 5d

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 - 6d

Citigroup Slashes Jobs as Cost-Cutting Continues

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

Inc. - 6d

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 - Jan. 16

BP axes 4,700 jobs in cost-cutting drive

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

Financial Times - Jan. 16

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 - Jan. 16

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 - Jan. 16

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 - Jan. 16

Lloyds to cut 500 jobs and close two offices

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

Financial Times - Jan. 15

How Skechers’ Business Model Built the Third-Best Selling Footwear Brand After Adidas and Nike

The L.A.-area company is on track to increase sales to $10 billion by 2026, using a product and marketing strategy focusing on consumers its giant rivals overlook.

Inc. - Jan. 13

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

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

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

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

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - 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

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