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Business

“Amazon set to begin new round of layoffs affecting more than 18,000 people”

“…Earlier this month, CEO Andy Jassy said the layoffs would affect more than 18,000 employees, primarily in its human resources and stores divisions. Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. CNBC reported at the… Continue Reading…

Banking, Business, Economy

“Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul”

“Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount… Continue Reading…