Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption
“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”
Nissan to Cut 12,500 Jobs After Profit Plunge
The automaker is cutting 9% of its global workforce after reporting a 99% plummet in operating profit.
CEO Departures Hit a 17-Year High in 2019
"Companies appear to be preparing for a contraction in the market," says Challenger, Gray & Christmas.
Ford Europe to Cut Thousands of Jobs in Turnaround Drive
The automaker’s global cost-cutting effort starts with eliminating thousands of jobs, discontinuing slow-selling models, and combining headquarters.
Under Armour Sets Aside $10M To Cover Job Cuts
The company raised its profit outlook and said the cost savings would begin to show up next year.
Deutsche Bank Announces Job Cuts; Chair Survives Removal Vote
Most of the cuts will be in Deutsche’s corporate and investment bank, in particular equities sales and trading personnel.
Rent-A-Center Cuts 250 Jobs, Confirms Offers
The struggling furniture and equipment rental firm has been under pressure from activist investors to sell itself.
GE Slims Down Further With Power Layoffs
The 12,000 job cuts are "painful but necessary for GE Power to respond to the disruption in the power market."
Siemens Job Cuts Target Gas Turbine Business
The German manufacturing giant will lay off 6,900 workers as it adjusts to the global surge in solar and wind capacity.
Mizuho to Cut a Third of Workforce by 2026
The Japanese lender is streamlining amid concern over the prospect of finance technology upstarts "overrunning traditional banking operations."
Eli Lilly to Trim 3,500 Jobs to Save $500 Million
The drugmaker is seeking to become "a leaner, more nimble global organization" as it invests in a new generation of medicines.