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Foxconn Aims To Double Jobs, Investment In India Over Next 12 Months
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said, according to Reuters. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in ...
U.S. Jobs Growth Slowed In July But Remains Solid
The US jobs growth in July was slower than anticipated and was revised lower for the previous two months. Although, strong pay growth and a drop in the unemployment rate indicated that labour market conditions remained tight.  The labor department said on ...
AI Technology Responsible For 4,000 Job Cuts In May: Report
Artificial Intelligence (AI) has reportedly emerged as the cause for nearly 4,000 job losses in May 2023, as per a monthly report released by the multinational HR company, Challenger, Gray & Christmas. This figure accounts for around 4.9% of the total ...
'JPMorgan' Cuts About 1,000 Former First Republic Workers
JP Morgan Chase is laying off roughly 1,000 employees of First Republic Bank nearly a month after it was seized by regulators. The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan, ...
Why Vodafone Plans To Cut 11,000 Jobs Soon?
Vodafone's new boss Margherita Della Valle said she would cut 11,000 jobs over three years to simplify the telecoms group, which she said "must change", as it forecast little or no growth in earnings for the new financial year, according to ...
Oil Prices Rise As Recession Fears Begin To Recede
Prices of oil witnessed marginal surge in early Asian trade on Monday as apprehensions of recession in the US, which pushed prices down for three straight weeks for the first time since November, began to recede, according to a Reuters report.{image-crudeoil1-1586747782-1637033368.jpg ...
Shopify To Lay Off 20% Of Its Workforce In 2nd Round
Shopify, Canadian multinational e-commerce company, is all set to lay off 20% of its workforce in second round of layoffs, said its CEO Tobi Lutke. The company is also planning to sell most of its logistics business to leading supply-chain technology ...
Walmart Job Cuts 2023: Retail Giant To Lay Off 2000 Workers
In a latest development, Walmart Inc.'s job cuts at five US e-commerce fulfillment centers will impact over 2,000 positions, according to regulatory filings, though impacted employees may find other roles at the company, as per a Bloomberg report. The ...
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