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CFOs On the Move: Week Ending June 24
McAfee, Boohoo, Carlsberg, Janus International, LaserShip, Wheels Up, JELD-WEN, LiveWire, SeaWorld, Deliveroo
By
Lauren Muskett
| June 24, 2022
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job cuts
Strategy
3M to Cut 3% of Workforce Amid Virus Slowdown
The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."
By
Matthew Heller
| December 3, 2020
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The Cloud
Report: IBM To Cut 10,000 Jobs
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
By
Vincent Ryan
| November 25, 2020
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Sustainability
Danone Announces Job Cuts, Restructuring
The consumer goods company says it is reshaping itself as a “local-first” organization.
By
Vincent Ryan
| November 23, 2020
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Strategy
Juul to Cut More Jobs
The e-cigarette maker said it will make a "significant global reduction" and exit multiple markets as part of a long-term strategy.
By
Lauren Muskett
| September 4, 2020
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Strategy
Nike to Cut Jobs As Part of Digital Sales Push
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
By
Matthew Heller
| July 22, 2020
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Strategy
LinkedIn to Cut 6% of Global Workforce
The Microsoft-owned networking platform said the coronavirus pandemic is having a sustained impact on demand for its recruitment products.
By
Lauren Muskett
| July 21, 2020
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Strategy
BP to Cut 10,000 Jobs
The oil giant plans to cut 15% of its workforce by the end of the year.
By
Lauren Muskett
| June 8, 2020
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Strategy
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.”
By
Lauren Muskett
| May 12, 2020
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Strategy
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.
By
Lauren Muskett
| July 25, 2019
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People
CEO Departures Hit a 17-Year High in 2019
"Companies appear to be preparing for a contraction in the market," says Challenger, Gray & Christmas.
By
David McCann
| June 13, 2019
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Strategy
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.
By
William Sprouse
| January 10, 2019
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Strategy
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.
By
William Sprouse
| September 20, 2018
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Risk & Compliance
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.
By
William Sprouse
| May 24, 2018
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Strategy
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.
By
Matthew Heller
| March 7, 2018
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Strategy
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."
By
Matthew Heller
| December 7, 2017
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