These layoffs allegedly include approximately 600 positions at the company’s tech campus near Detroit. The dismissals follow hot on the heels of GM executive changes in operations. This includes the appointment of Mike Abbott, a former Apple Inc. (AAPL) executive, who, citing health reasons, resigned from GM in March 2024 after less than a year…
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In a Tuesday report, the bank confirmed profit losses as it announced renewed cost-cutting initiatives. Barclays did not rule out job cuts as part of this drive to boost its profits. Regarding the company’s Q3 performance, the Group’s chief executive officer (CEO), CS Venkatakrishnan, said: We delivered an 11.0% RoTE in Q3, against a mixed…
Read moreDue to the rising value of the franc, Switzerland's Julius Baer may consider reducing its payroll by 200, however profits are continually increasing, and the firm may capitalize by looking to conduct a deal similar to that of its acquisition of Merrill Lynch's wealth management division, in that publicly listed companies that report their performance in other currencies than francs are of interest
Read more"Given changing market dynamics, CME Group reorganized its leadership structure last month to better serve our global client base," states CME Group CEO Phupinder Gill.
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