Job cuts

Deutsche Bank said retail chief Frank Strauss and Chief Regulatory Officer Sylvie Matherat, both board members, will leave this month. (Bloomberg)

Deutsche Bank CEO Christian Sewing slashes 18,000 jobs in $8.3 billion overhaul

3 min read . 08 Jul 2019

JPMorgan to cut hundreds of jobs after staffing review

JPMorgan to cut hundreds of jobs after staffing review

1 min read . 28 Mar 2019

JLR accounts for over 90% of Tata Motors’ profits, and its fortunes will drive the company’s valuations. Photo: AFP

Why Tata Motors’ Project Charge at JLR is failing to recharge its shares

3 min read . 16 Jan 2019

Ford Europe’s announcement on layoffs came as Jaguar Land Rover (JLR) announced “substantial’ job cuts. Photo: Reuters

Ford Europe to cut jobs in the thousands in turnaround plan

2 min read . 11 Jan 2019

The JLR layoffs, representing roughly 10% the company’s workforce, come on top of the 1,500 people who left in 2018. Photo: Reuters

Brexit impact: Jaguar Land Rover to cut 4,500 jobs worldwide

1 min read . 10 Jan 2019

IBM said the lawsuit “misses the point” since colleagues who were older than the employee were retained on the team. Photo: Bloomberg

IBM faces lawsuit over alleged job cuts

4 min read . 09 Jan 2019

JLR CEO Ralf Speth has warned UK PM Theresa May that a bad Brexit deal could put tens of thousands of jobs at risk. Photo: Bloomberg

Tata Motors’ JLR said to plan to large-scale job cuts

1 min read . 17 Dec 2018

The news of the relocation and the layoffs sent Sharp shares down 5.7% on the Tokyo Stock Exchange. Photo: Reuters

Job cuts at Sharp as iPhone sensor production moves to Foxconn

1 min read . 04 Dec 2018

British unit Jaguar Land Rover said it is going to cut 500 jobs temporarily at its plant in central England. File Photo: Reuters

Tata Motors falls, JLR to temporarily cut jobs at UK plant

1 min read . 17 Dec 2018

Donald Trump separately told the Wall Street Journal on Monday that GM should stop making cars in China and make them in the US instead. Photo: Bloomberg

Trump says GM ‘better’ add new facility in Ohio after cuts

2 min read . 27 Nov 2018

Donald Trump’s victories in Ohio and Michigan—places where General Motors (GM) will shut shop—helped seal his electoral vote total and the presidency. Photo: AP

GM job cuts draw angry reaction in heartland that backed Trump

4 min read . 27 Nov 2018

Ikea plans to increase its India headcount from 1,500 to 15,000 with half of the jobs reserved for women, says Ikea India CEO Peter Betzel. Photo: Reuters

Ikea parent to create 11,500 jobs globally over two years

2 min read . 22 Nov 2018

Toshiba shares surged as much as 13.7% to near two-year highs after the announcement. Photo: Bloomberg

Toshiba to shed troubled assets, cut 7,000 jobs

2 min read . 08 Nov 2018

In July, Ford reduced its profit forecast for 2018 after second-quarter earnings fell by more than half. Photo: Bloomberg

Ford prepares to cut salaried jobs in $11 billion restructuring

2 min read . 06 Oct 2018

Jaguar Land Rover, which employs more than 40,000 people in the UK, said the company’s losses in the event of a no-deal Brexit would wipe out its profit. Photo: Bloomberg

Jaguar chief Ralf Speth warns hard Brexit may cost JLR thousands of jobs

1 min read . 11 Sep 2018

Earlier this year, Deutsche Bank announced it would scale back its US operations, as new CEO Christian Sewing attempts to retrench following years of scandals and poor performance. Photo: Reuters

Deutsche Bank is cutting staff in Chicago in US retreat

1 min read . 29 Jul 2018

HTC described the job cuts as ‘a decisive step in the realignment of resources across the organisation’ that would allow ‘more flexible operations management’. Photo: Reuters

HTC to cut nearly one-fifth of its workforce

1 min read . 03 Jul 2018

Mark Schneider is starting Nestle’s biggest restructuring program in Switzerland, reducing staff there by 5% after having faced pressure from investors such as Dan Loeb to cut costs. Photo: Bloomberg

Nestle to cut 500 jobs in biggest swiss restructuring plan

1 min read . 29 May 2018

Deutsche Bank has said it will move to smaller premises in New York and will close its Houston office entirely due to a withdrawal from advisory services for the oil and gas sector. Photo: Reuters

Deutsche Bank says it will cut at least 7,000 jobs in revamp

2 min read . 24 May 2018

In Q4 FY18, JLR sales dropped for the first time in eight quarters.

Job cuts, falling sales: Tata Motors’ cash cow JLR faces multiple challenges

2 min read . 17 Apr 2018