Tag: cuts

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I’m the former Microsoft VP of HR –  January is the busiest month for job cuts so here are my six must-dos within 48 hours of being laid off

Layoffs can strike anytime, but January is historically the busiest month for job cuts across all industries due to companies restructuring for the new year. With the month just a few weeks away, a former Microsoft vice president of human resources (HR) shared six things people must do within 48 hours of being terminated. Chris

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Tariff cuts extension up for NEDA approval

THE National Economic and Development Authority (NEDA) Board is set to approve another extension of reduced tariffs on rice, pork and corn, Socioeconomic Planning Secretary Arsenio Balisacan indicated on Wednesday. “We’re talking about EO (Executive Order) 10? It will go to the NEDA Board next week,” Balisacan told reporters. Socioeconomic Planning Secretary Arsenio Balisacan. Photo

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Spotify cuts 17% of jobs as economic growth slows

STOCKHOLM: Music streaming giant Spotify said on Monday it would reduce the number of its employees by around 17 percent in a bid to cut costs amid “dramatically” slower economic growth. The announcement comes on the heels of a rare quarterly net profit of 65 million euros in October, compared to a loss of 166

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Moody’s cuts China’s credit outlook to negative

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Rating agency Moody’s Investors Service cut its outlook on China’s sovereign credit rating to negative on Tuesday, citing growing risks of persistently lower midterm economic growth and the overhang from a crisis in the property

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Breaking: Spotify will slash 17% of its workforce in the second round of cuts this year after a series of high profile investments including Joe Rogan, Call Her Daddy and Harry and Meghan costing almost $300million

In recent months, several tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. For the tech sector, the pandemic boom has turned to a post-pandemic bust, as increasing interest rates rock share prices and inflation cuts into profits. The sector shed 9,587 jobs in October, the

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OPEC+ eyes oil production cuts

LONDON: The Organization of the Petroleum Exporting Countries (OPEC) oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up. That has been a good thing

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Opec+ production cuts leave oil market sceptical

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing strains in the

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Consensus calls for cuts, confidently

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. GameStop, which has been falling steadily for two years, rose 20 per cent yesterday, and is up 36 per cent over two days. This could be a short squeeze

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