job cuts

Microsoft has cut some jobs after it faced slower revenue growth last quarter. According to Axios, the tech giant slashed around 1,000 jobs across a variety of sectors. A spokesperson for Microsoft told The Hill that “like…

RICHMOND — A company that is the nation’s largest provider of meal kits has decided to permanently close its Richmond plant in a shutdown that will eliminate more than 600 jobs. HelloFresh, which delivers meal kits that can be quickly…

Months after poaching executives from US rideshare companies Uber and Lyft, an Australian e-bicycle start-up has laid off 16 per cent of its staff.Zoomo secured a $80m capital raise, led by Atlassian founder Mike Cannon-Brookes’ Grok…

REDWOOD CITY — A tech titan and a biotech company revealed plans to chop nearly 300 jobs in the Bay Area, hinting at unsettling prospects for the region’s employment sector. Oracle America has decided to impose job cuts in San Mateo County…

Credit Suisse is scrambling to reassure investors and clients about its liquidity and capital position as rumours swirl that the major global investment bank is on the verge of collapse.The troubled Swiss lender — which has seen its share…

Credit Suisse shares plunged to a new record low on Monday as markets grow increasingly concerned that the Swiss investment bank is on the brink of collapse, despite repeated efforts by top executives to calm online speculation.The share…