HSBC Cutting Top Managers in $300 Million Savings Plan – PYMNTS.com

Management ranks among major banks HSBC It can start to fade quickly. Financial Times (FT) reported On Thursday (October 10), sources familiar with the matter said the new CEO Georges Erhedery HSBC plans to restructure its senior banking ranks as part of a plan to save up to $300 million. Reports surfaced last month that […]

Paramount Begins Next Round of Layoffs, Cutting Staff by 15 Percent

As the entertainment industry continues to downsize, Paramount launched its second round of layoffs on Tuesday, aiming to reduce its workforce by 15% company-wide. “We are taking these steps to ensure the continued success of Paramount, and after today, 90 percent of these reductions will be complete,” said Paramount co-CEOs George Cheeks, Chris McCarthy and […]

Nurse in India Escapes Gang Rape by Cutting Doctor’s Genitals

Authorities in the Indian state of Bihar arrested three men on Thursday after a doctor and several staff members at a private hospital attempted to gang-rape a nurse, who reportedly slashed the doctor's genitals with a scalpel before fleeing. Dr. Sanjay Kumar Sanju is one of the three Arrested On suspicion of attempted rape, Hindustan […]

Southampton mayor William Manger Jr. ripped for cutting workers’ coffee

They won't even talk to him until they've had coffee. Fed-up workers in the Long Island village of Southampton have hit back at their mayor and his cronies after cost-cutting became so drastic that they stopped serving hot drinks. “Crucially, Mayor William Munger Jr. and his staff came up with the bright idea to remove […]