First-quarter costs come as the Helsinki-based bank launched a new strategy late last year aiming to use technology, data and artificial intelligence to become more profitable.

Jan 29 (Reuters) – Dow will slash about 4,500 jobs, or 13% of its total workforce, under a sweeping restructuring aimed at boosting profitability by at least $2 billion, while projecting first-quarter ...

HSBC is reportedly considering cutting up to 20,000 jobs as part of CEO Georges Elhedery’s AI-led restructuring, reflecting a ...

(Reuters) –Starbucks said on Thursday it would shutter underperforming stores in North America and cut 900 jobs in a $1 billion restructuring effort, as CEO Brian Niccol presses ahead with his plan to ...

Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5% of its workforce, in a restructuring to save $1.26 billion annually, it said on Wednesday, as it battles rising pressure from US rival Eli ...

Evotec is eliminating up to 800 employees—about one-sixth of its global workforce—in a restructuring that also includes the shutdown of four facilities and other moves intended to cut costs, ...

Amid rapid AI-driven restructuring, major tech companies including Meta, Oracle to Amazon have collectively cut more than ...

Autodesk plans to cut about 1,000 jobs, roughly 7% of its workforce, as part of a global restructuring plan as it seeks to strengthen sales and marketing. The move is the final phase of efforts by the ...

Procter & Gamble plans to cut 7,000 jobs and potentially sell off some brands due to slow global sales. P&G's baby care and skin & personal care units have experienced shrinking or flat sales, ...