Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real estate
Deutsche Bank said Thursday it plans to cut 3,500 jobs after reporting a 30% drop in fourth-quarter profit that included significant losses on its U.S. real estate holdings. The job cuts come after Germany’s leading bank hired 300 front office staff in the three months to December 31, but the company’s CEO Christian Sewing said […]
UPS Cutting 12K Jobs, Citing Higher Costs
United Parcel Service (UPS) employees walk a “picket line practice” ahead of a possible UPS strike in Queens, New York, July 7, 2023. The Teamsters union, which represents more than 300,000 UPS drivers and warehouse workers, announced on July 5 that UPS workers have until the end of July to strike after labor negotiations with […]
2,681 ‘Journalists’ Lost Their Jobs in Joe Biden’s Economy
“Estimated 2,681 people Jobs in the news industry were lost until the end of November. ” report The far-left Associated Press. that's you get off to a good startsays far-right John Nolte. There is no doubt that more than 90 percent of the people who lost their jobs voted for Joe Biden, who cheated. So […]
Levi Strauss slashing corporate jobs, looking to go upscale under new CEO Michelle Gass
Levi Strauss Co. on Thursday said it expects annual sales and profits to fall short of Wall Street expectations and will cut 10 to 15 percent of its global workforce as the denim maker seeks to control costs amid a weak wholesale business. Levi attributed the weak outlook to the company's withdrawal from the Denizen […]
CNN commentator throws cold water on employment numbers for Black Americans: They’re ‘crappy jobs’
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SAP to restructure 8,000 jobs in push towards AI, shares hit record
Qualcomm President and CEO Cristiano Amon reveals how AI can change the way Americans drive on “Craman Countdown.” SAP SE stock prices rise after the German software company announced it would restructure the roles of 8,000 jobs to forecast growth in cloud revenue and focus on growth in artificial intelligence (AI)-driven business areas. , soared […]
There Are Jobs in the Black Community, But ‘They’re Crappy’
On Tuesday's “CNN This Morning” broadcast, CNN political commentator and former Obama aide Van Jones said that while there are good employment numbers in the black community, “those are crap jobs.” asked co-host Phil Mattingly.[T]The Biden team has always tried to sell the economy as great when you look at the top-line numbers, defying all […]
The LA Times slashed at least 115 newsroom jobs amid financial woes
The Los Angeles Times announced Tuesday it would cut at least 115 jobs, or more than 20% of its 500-person newsroom, one of the largest layoffs in the paper's 142-year history. The layoffs come at a precarious time for the publisher, which is facing another year of heavy losses, as well as allegations of editorial […]
SolarEdge eliminating 16% of jobs
Former Energy Secretary Rick Perry talks about the future of nuclear energy and fossil fuels on “Varney & Co.” SolarEdge, which makes inverters for solar panels, will cut about 16% of its workforce. The company announced Sunday that approximately 900 people will lose their jobs in a restructuring plan “designed to reduce operating expenses and […]
Ford to cut F-150 Lightning production, 1,400 jobs affected
Former White House OMB Director Russ Vought talks about the cost of Biden's environmental policies after Ford cut production of the F-150 Lightning EV in half on “Kabuto: Coast to Coast.” Ford announced Friday that it will cut production of the F-150 Lightning due to declining demand for electric pickup trucks. The company announced that […]