Forbes reported that January cuts reached an approximate 15-year high as more than 82,000 employees lost their jobs in US-based companies. The media agent attributes these movements to persistent interest rate hikes during 2023. Société Générale’s planned job cuts make up around 5% of the employees at its headquarters and less than 2% of its…
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Last month IBM withdrew its financial forecast as software sales were affected negatively by the coronavirus pandemic. CFO James Kavanaugh talked about making structural changes in the company to improve the competitiveness of the company. Earlier in May, CEO Arvind Krishna stated that IBM would cut even 5% of the dividend. Krishna said: I believe…
Read moreThe conundrum as to whether banks are set to become services providers continues as several large institutions prepare to follow Barclays' lead in charging for processing orders - this time signaling the potential end of guaranteed mid-price execution
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