Companies International News People

Westpac To Cut 300 Jobs In Business And Retail Unit

Australian lender Westpac Banking Corp (WBC.AX) is set to cut approximately 300 jobs in its consumer and business banking divisions, the news agency Reuters reported. According to the report, the Finance Sector Union of Australia (FSU) cited an internal memo from Westpac as the source of the information. These potential job losses, which represent 0.8 […]

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Brands E-commerce & Marketplaces News People

Amazon Plans To Lay Off 9,000 More Workers: CEO

Amazon CEO Andy Jassy said Monday he was cutting 9,000 more jobs from the online retail giant’s workforce, following the 18,000 that were axed in January. The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. […]

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Brands News People

Philips Cuts Down 6,000 Jobs After Sleep Device Recall Losses Deepen

Philips said on Monday that it will cut down 6,000 jobs across the globe after the losses caused by a massive recall of faulty sleep respirators. The company announced a global recall 2021 of its appliances to help people suffering from sleep apnoea. And due to this recall, Philips revealed net losses of 105 million […]

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Brands News

Amazon Plans To Close Three UK Warehouses Affecting 1,200 Jobs

Amazon has announced plans to close three UK warehouses, affecting 1,200 jobs, according to PA Media on Tuesday. The company announced last week that it would lay off more than 18,000 employees in its e-commerce and human resources departments, the latest in a string of layoffs in the tech industry. Separately, Amazon’s UK business has […]

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