News

Westpac to cut 1,500 jobs, simplify operations, AFR reports
Westpac Banking Corp is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations under a ...
Big Tech is crushing middle managers. Some fear the great flattening has gone too far.
Tech giants like Microsoft, Amazon, and Google are cutting managers to increase efficiency and speed. But how many direct ...
Trump Administration Asks Supreme Court to Block Ruling on Mass Layoffs
A federal judge’s order had barred dozens of federal agencies from moving ahead with the largest phase of President Trump’s ...
Federal Reserve Will Cut Staff By 10%
The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a ...
Federal Reserve to cut its workforce by 10% in coming years
The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo by Fed Chair ...
Federal Reserve plans to cut workforce by ~10% mainly through attrition - report
The Federal Reserve is planning to reduce its headcount by about 10% in the next couple of years, mainly through attrition, Bloomberg News reported May 16, citing a memo by the Fed Chair Jerome Powell ...
Trump asks Supreme Court to overturn order blocking mass layoffs
The request came after a U.S. district judge in San Francisco blocked large-scale federal layoffs known as "reductions in ...
Agence France-Presse on MSN3d
US Fed plans to cut workforce by 10% in next 'couple of years'
US Federal Reserve Chair Jerome Powell told staff on Friday that the bank plans to cut its workforce by around 10 percent in ...
Microsoft to lay off around 3% of workforce in organization-wide cuts
Microsoft said on Tuesday it was laying off less than 3% of its workforce, or around 6,000 employees, as the technology giant ...