Netflix will lay off approximately 1,000 employees, representing about 6% of its workforce, according to an internal memo obtained by CNBC, as the streaming company seeks to focus its resources on areas
The European Union is being inundated with ultra-potent cannabis, significantly increasing the risk of psychosis and other mental health disorders, according to a warning from the EU’s drugs monitoring agency. Alexis Goosdeel,
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Procter & Gamble announced plans to eliminate 7,000 jobs globally over the next two years, citing the need to cut costs and restructure its operations as it grapples with sluggish demand and
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Citigroup has cut approximately 3,500 technology jobs in mainland China, marking one of the largest downsizings by a foreign financial institution in the country in recent years. The move is part of
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The long-debated question of whether artificial intelligence will replace human labor is inching closer to reality, as new data suggests AI is already reshaping hiring patterns—particularly for new college graduates. A recent
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Global consulting giant McKinsey & Company has reduced its workforce by more than 10% over the past 18 months, marking one of the most significant staff reductions in its nearly century-long history.
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Booz Allen Hamilton, one of the U.S. government’s top consulting contractors, has announced it will cut approximately 2,500 jobs after forecasting weaker-than-expected profits, a move that sent its shares tumbling 18% in
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In an abrupt and devastating move, Next Manufacturing Pvt Ltd, a major garment exporter in the Katunayake Free Trade Zone, shut down its operations overnight on May 19th, 2025—without any prior notice—leaving
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HSBC Holdings Plc is reorganizing its capital markets and corporate advisory divisions into a new unified business, aiming to strengthen its position in the rapidly growing private credit market, the London-based bank
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Ernst & Young has delayed start dates for incoming consultants in its U.S. strategy and deal advisory division for the third consecutive year, citing “uncertain and evolving market conditions,” according to a
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Microsoft Corporation has begun cutting nearly 3% of its global workforce, marking its largest mass layoff in over two years. Although the company did not disclose the exact number of job losses,
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Ninety percent of Indian workers are in the unorganised sector. This does not mean that they are outside trade union structures, but only that most workers must fight very hard to form
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PricewaterhouseCoopers (PwC), one of the Big Four accounting firms, is set to lay off approximately 1,500 employees in the United States, citing historically low staff turnover as a key factor behind the
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Samsung Electronics has vowed to pursue bold acquisitions and deal-making in 2025 as part of a “do or die” bid to revive its growth. This promise comes after the South Korean tech
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The UK government has announced a significant overhaul of Whitehall, introducing measures to streamline the civil service, enforce stricter performance monitoring, and implement performance-related pay for senior officials. The reforms aim to
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by Our Correspondent in New Delhi A massive avalanche triggered by a glacier burst in the Himalayan state of Uttarakhand has left dozens of construction workers trapped under snow. The incident occurred
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