Stocks
Norsk Hydro to Shut Two U.S. Plants, 350 Jobs Cut
Norsk Hydro will close two U.S. aluminum extrusion plants in California and Louisiana next year, affecting ~350 jobs. Low capacity utilization and...
#job cuts 5 articles
Finance
Standard Chartered to Cut Over 7,800 Roles Amid AI Integration
Standard Chartered plans to eliminate more than 15% of its back-office roles by 2030, citing increased use of artificial intelligence and automation.
Investing
Whitbread Slashes 3,800 Roles in £250M Savings Drive
Premier Inn owner Whitbread will cut 3,800 jobs and remodel 197 hotel restaurants as part of a five-year plan to save £250...
Economy
Oracle Cuts Thousands Amid $50 Billion AI Infrastructure Push
Tech giant Oracle has reportedly laid off thousands of employees, including senior engineers and technical specialists, as it significantly ramps up investment...
Stocks
Job Cuts Jump 25% in March, Challenger Report Details
Employers announced 60,620 job cuts in March, a 25% increase from February's 48,307 reductions, according to Challenger, Gray & Christmas.