Lucid Group Inc. will eliminate about 400 jobs in the coming months, the latest move by an electric-vehicle maker to cut costs in a dramatically slowing market for plug-in cars. The reductions ...
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SYDNEY—Australian telecommunications company Telstra TLS-0.57%decrease; red down pointing triangle plans to cut jobs at its troubled enterprise unit as part of a continuing strategic review ...
, opens new tab on Tuesday said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts. It added these changes are part of its ...
, opens new tab wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit's Chief Executive Jochen Eickholt said in an internal letter to staff ...
California fast food restaurants have slashed nearly 10,000 jobs because of the state’s new $20 minimum wage as struggling franchises cut labor costs and raise prices to survive, a major trade ...
SPX experienced volatility due to the hot job market, but the economy remains resilient and inflation may moderate, leading to possible rate cuts. Technical and fundamental factors favor SPX ...
SunPower says it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding. SunPower agrees to issue warrants to Sol Holding to purchase up to ...
Up to 2,000 jobs are being cut across FedEx in Europe in the latest move by the parcel delivery giant to slash costs. The Memphis-headquartered group revealed plans to cut its European back ...
Argentine President Javier Milei on Wednesday announced the layoff of an additional 50,000 state employees, advancing his effort to "reduce the state in half." The move comes as part of the ...
The U.S. economy is generally in pretty good shape. Despite that, some companies may be looking to reduce their staff in the coming months for different reasons. And it's important to recognize ...