Streetbeat News

Labor Issues

CRZBY

Commerzbank is considering cutting thousands of jobs to resist a takeover approach from UniCredit, according to the Financial Times.

Portfolio Pulse from

January 18, 2025 | 2:00 pm

SBUX

Starbucks CEO Brian Niccol announced potential layoffs due to the company's size and structure, which he believes are causing inefficiencies. The focus is on reducing layers and management roles to streamline operations.

Portfolio Pulse from

January 18, 2025 | 1:30 pm

SBUX

Starbucks's new CEO, Brian Niccol, has indicated that the company's turnaround plan may involve job cuts to improve efficiency.

Portfolio Pulse from

January 17, 2025 | 11:45 pm

SBUX

Starbucks is planning to cut corporate jobs as part of a restructuring effort led by CEO Niccol. The aim is to streamline operations by reducing layers and roles that focus on coordination.

Portfolio Pulse from

January 17, 2025 | 11:15 pm

AMZN

Amazon has laid off 200 employees from its corporate offices as part of a restructuring effort to enhance innovation and agility.

Portfolio Pulse from

January 17, 2025 | 5:00 pm

PATH

UiPath is strengthening its position in the RPA market through AI integration, a partnership with SAP, and industry-agnostic solutions. Despite past sales execution issues and competition, the company is recovering with strategic changes, focusing on large clients and collaborations. Key moves include the return of founder Daniel Dines as CEO, workforce reductions, and strategic partnerships.

Portfolio Pulse from

January 17, 2025 | 3:30 am

AMZN

Amazon is laying off approximately 200 employees in its North America Stores division.

Portfolio Pulse from

January 16, 2025 | 10:45 pm

C

Citigroup is cutting jobs in its wealth and technology units, as well as a team responsible for client data analysis, to meet CEO's expense goals despite a strong quarter.

Portfolio Pulse from

January 16, 2025 | 8:45 pm

AMZN

Amazon is laying off approximately 200 employees in its North America stores unit, affecting its core retail operations, including fashion, fitness, Prime, and private label brands.

Portfolio Pulse from

January 16, 2025 | 8:30 pm

AMZN

Amazon is reducing its workforce in the Fashion and Fitness group, affecting approximately 200 employees.

Portfolio Pulse from

January 16, 2025 | 6:30 pm