Dropbox Cut Workforce

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...

Business - MarketWatch - 7 hours ago

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.

Business - CNBC - 6 hours ago

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...

McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

Business - The Wall Street Journal - October 17

Beyond Inc. to Cut Workforce by About 20%

Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath ...

Business - The Wall Street Journal - October 22

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

Germany's Habeck defends bonus for those returning to workforce

World - Yahoo News - October 15

EY slims workforce for first time in 14 years

Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010

Business - Financial Times - October 17

Titans cutting Jamal Adams

Jamal Adams' brief tenure in Tennessee is coming to an end.

Sports - Yahoo Sports - October 17

Bank of Canada resorts to jumbo rate cut as growth falters

Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

World - Financial Times - October 23

Interest rate cut hopes raised as wage growth slows

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

BBC to cut 155 roles from news operation

Broadcaster hopes move will save £24mn from budget, according to internal memo sent to staff

Business - Financial Times - October 15

Reeves eyeing £40bn in tax rises and spending cuts

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.

Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Titans cut safety Adams, honoring his request

The Titans released Jamal Adams, honoring the three-time Pro Bowl safety's request.

Sports - ESPN - October 17

Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.

Business - The New York Times - October 17

Tourism hotspot cuts council tax on second homes

Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.

Parents fight to stop cuts to school transport

North Yorkshire Council will only fund bus travel to a child's nearest school from 2025.

Sports - Yahoo Sports - October 18

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

Passengers stuck on planes and homes without power

Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.

Fed Leaders Favor Rate Cuts, But Differ on Pace

Four policymakers agree the central bank should make further rate cuts, though some support a slower, smaller set of reductions.

Business - Inc. - October 22

Volvo Car Cuts Guidance on Worsening Auto Market

The Swedish car maker cut its full-year guidance and said it now anticipates negative cash flow due to lower sales expectations and a weak market.

Business - The Wall Street Journal - October 23

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Italy’s largest bank wants to reduce costs by accelerating its digital transformation

Business - Financial Times - 6 days ago

Dassault Systemes Cuts Guidance After Earnings Disappoint

The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.

Business - The Wall Street Journal - 6 days ago

Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.

Business - The New York Times - 6 days ago

Trudeau announces sharp cuts to Canada's immigration targets

The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages.

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

How Trump, Harris propose cutting healthcare costs

The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...

Politics - The Hill - 5 days ago

Aces restructuring front office, cut ties with GM

The Aces will not renew the contract of general manager Natalie Williams as part of a restructuring of their front office, the team announced.

Sports - ESPN - 3 days ago

Woolworths Cuts Expectations for Australian Food Earnings

Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost ...

Business - The Wall Street Journal - 22 hours ago

GSK cuts vaccine sales target on reduced demand

U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.

Business - MarketWatch - 10 hours ago

Welsh councils plan cuts to plug £500m budget gap

Cuts to services loom as Welsh councils face a £500m budget gap.

Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production

The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.

Business - The Wall Street Journal - October 11

Latest in Dropbox Cut Workforce

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

McKinsey Cuts Hundreds From China Workforce

Beyond Inc. to Cut Workforce by About 20%

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

Germany's Habeck defends bonus for those returning to workforce

EY slims workforce for first time in 14 years

Titans cutting Jamal Adams

Bank of Canada resorts to jumbo rate cut as growth falters

Interest rate cut hopes raised as wage growth slows

BBC to cut 155 roles from news operation

Reeves eyeing £40bn in tax rises and spending cuts

Ministers complain to Starmer over spending cuts

Titans cut safety Adams, honoring his request

Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.

Tourism hotspot cuts council tax on second homes

Parents fight to stop cuts to school transport

Fear that winter fuel payment cut will cost lives

Passengers stuck on planes and homes without power

Fed Leaders Favor Rate Cuts, But Differ on Pace

Volvo Car Cuts Guidance on Worsening Auto Market

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Dassault Systemes Cuts Guidance After Earnings Disappoint

Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

Trudeau announces sharp cuts to Canada's immigration targets

Queen's University to cut jobs as it faces £11m deficit

How Trump, Harris propose cutting healthcare costs

Aces restructuring front office, cut ties with GM

Woolworths Cuts Expectations for Australian Food Earnings

GSK cuts vaccine sales target on reduced demand

Welsh councils plan cuts to plug £500m budget gap

Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production

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