Streetbeat News

Labor Issues

HSBC

RY

Royal Bank of Canada (RBC) has laid off some employees following its C$13.5 billion acquisition of HSBC's Canadian business. The layoffs affected technology and operations teams.

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March 07, 2025 | 5:00 pm

HPE

Hewlett Packard Enterprise (HPE) shares dropped 15% after the company provided weak profit guidance and announced cost-cutting measures, including a 5% workforce reduction. The company's earnings per share fell short of expectations, despite a 16% revenue increase.

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March 07, 2025 | 4:00 pm

W

Wayfair is cutting hundreds of tech jobs as part of its technology investments, expecting savings in the second half of 2025. The stock has bounced off a two-year low following this announcement.

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March 07, 2025 | 2:30 pm

TMHC

Taylor Morrison, a leading homebuilder, is increasing the number of women in its construction workforce, celebrating Women in Construction Week.

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March 07, 2025 | 11:30 am

LYG

Lloyds Banking Group is shifting hundreds of IT jobs from the UK to India, as reported by the Financial Times. This move involves hiring IT engineers in India while cutting similar positions in the UK.

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March 07, 2025 | 5:45 am

BAC

Bank of America CEO Brian Moynihan discusses the bank's strategy in Japan, macroeconomic conditions, and hiring plans, highlighting the bank's focus on international growth and economic adaptation.

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March 07, 2025 | 12:00 am

HPE

Hewlett Packard Enterprise (HPE) announced a cost-cutting program that includes reducing its workforce by 5%, or approximately 2,500 jobs, over the next 12 to 18 months. This decision comes as the company's stock is experiencing a decline following its earnings report.

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March 06, 2025 | 9:45 pm

HPE

Hewlett Packard Enterprise (HPE) announced job cuts as part of a cost-saving initiative and provided a downbeat revenue forecast for the second quarter, falling below Wall Street expectations.

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March 06, 2025 | 9:30 pm

SBUX

Starbucks CEO has urged employees to enhance their decision-making efficiency following a new wave of layoffs, as part of the company's turnaround strategy.

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March 06, 2025 | 5:00 pm

FLYW

Levi & Korsinsky has initiated an investigation into Flywire Corporation for potential securities fraud violations. Flywire missed Q4 2024 financial estimates, reported a $15.9 million net loss, and announced a 10% workforce reduction.

Portfolio Pulse from

March 06, 2025 | 3:45 pm