First-quarter costs come as the Helsinki-based bank launched a new strategy late last year aiming to use technology, data and artificial intelligence to become more profitable.

Jan 29 (Reuters) – Dow will slash about 4,500 jobs, or 13% of its total workforce, under a sweeping restructuring aimed at boosting profitability by at least $2 billion, while projecting first-quarter ...

HSBC is reportedly considering cutting up to 20,000 jobs as part of CEO Georges Elhedery’s AI-led restructuring, reflecting a ...

(Reuters) –Starbucks said on Thursday it would shutter underperforming stores in North America and cut 900 jobs in a $1 billion restructuring effort, as CEO Brian Niccol presses ahead with his plan to ...

Evotec is eliminating up to 800 employees—about one-sixth of its global workforce—in a restructuring that also includes the shutdown of four facilities and other moves intended to cut costs, ...

Novo Nordisk is set to lay off roughly 9,000 employees across its global workforce of 78,400 as part of a newly launched restructuring initiative. In a Sept. 10 press release, the Danish ...

Amid rapid AI-driven restructuring, major tech companies including Meta, Oracle to Amazon have collectively cut more than ...

Procter & Gamble plans to cut 7,000 jobs and potentially sell off some brands due to slow global sales. P&G's baby care and skin & personal care units have experienced shrinking or flat sales, ...