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Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump

Nissan Motor Co. said Thursday it will cut 9,000 jobs and 20% of its global manufacturing capacity as it seeks to cut costs by $2.6 billion this fiscal year against the backdrop of weak sales in China and the United States. The plan highlights the vulnerability of Japan's third-largest automaker, which has yet to fully […]

Citigroup axing 286 New York employees amid layoff spree

Check out what’s being clicked on FoxBusiness.com Citigroup is cutting about 300 employees in New York as it continues its massive layoffs to keep costs down, according to filings with the state Department of Labor. Approximately 239 employees will be cut from major bank subsidiaries, 44 from the broker-dealer division and three from the technology […]

U.S. Army Axing Thousands Of Jobs, Nearly 5% Of Force  

(Photo by Larry W. Smith/Getty Images) OAN’s Brooke Mallory12:25 PM – Tuesday, February 27, 2024 The U.S. Army is “better equipped to fight the next major conflict,” as the military suffers from a recruiting shortage that makes it impossible to bring in enough soldiers to cover all the jobs needed. The military has been reorganized […]

Ford considers axing car feature that could save company millions per year

FOX Business’ Jeff Flock reports from the Celebrity Ford dealership in Toms River, where electric F-150s aren’t zipping away fast enough. Ford Motor Co. is considering eliminating automatic parallel parking in its vehicles in 2024 as part of a cost-cutting initiative, but says few customers would use it anyway. Chief Operating Officer Kumar Galhotra said […]