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A wave of layoffs looms for Wall Street

It’s been reported that up to 15% of Goldman Sachs partners are . Truth is, firms across Wall Street are having a crummy year and lots of personnel are going to be purged soon. Investment-banking... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 16th, 2019

The Wall Street Journal: IBM announces layoffs, the first under new CEO

International Business Machines Corp. is cutting an unspecified number of jobs in the first major workforce reduction under new Chief Executive Officer Arvind Krishna, who is trying to revive growth at the tech company......»»

Category: topSource: marketwatchMay 22nd, 2020

Wall Street finishes down as U.S.-China tensions heighten trade deal worries

Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies......»»

Category: topSource: reutersMay 22nd, 2020

Majority On Wall Street Expects Stocks Lower In 3 Months, Braces For Second Virus Wave

Majority On W.....»»

Category: blogSource: zerohedgeMay 19th, 2020

Uber shares rise 3.6% on latest layoff news

The scuffling ride-hailing service, which announced 3,700 job cuts less than two weeks ago, plans another 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara Khosrowshahi to staff on Monday......»»

Category: topSource: marketwatchMay 18th, 2020

Uber "Re-Evaluating" Non-Core Units Like Freight, WSJ Reports

Uber Technologies Inc (NYSE: UBER) has laid off 3,000 more employees and closed 45 more offices, the Wall Street Journal reports, just after a first round of layoffs that total read more.....»»

Category: blogSource: benzingaMay 18th, 2020

Futures lower on fears of another wave of virus infections

U.S. stock index futures fell on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies......»»

Category: topSource: reutersMay 11th, 2020

Futures slip on fears of new wave of coronavirus cases

U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies......»»

Category: topSource: reutersMay 11th, 2020

Asian shares inch higher, new wave of infections a worry

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases......»»

Category: topSource: reutersMay 10th, 2020

FireEye stock falls on outlook, company announces layoffs

FireEye Inc. shares slipped in the extended session Tuesday after the cybersecurity company said it was laying off staff and forecast an outlook that fell short of Wall Street expectations. FireEye shares fell 5% after hours, foll.....»»

Category: topSource: marketwatchApr 28th, 2020

Wall Street Cheers WWE"s Massive Round Of Wrestler Layoffs

World Wrestling Entertainment, Inc. (NYSE: WWE) shares rallied more than 4% on Thursday morning after the company announced an aggressive round of talent layoffs and furloughs. read more.....»»

Category: blogSource: benzingaApr 16th, 2020

The Wall Street Journal: U.S. airlines and Treasury Department reach deal on government aid

The biggest U.S. airlines reached an agreement in principle with the federal government on financial assistance aimed at preventing layoffs in an industry hit hard by the coronavirus pandemic, people familiar with the matter said......»»

Category: topSource: marketwatchApr 14th, 2020

Boeing considers potential 10% cut to workforce: WSJ

Boeing Co is considering a plan to cut its workforce by about 10%, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday......»»

Category: topSource: reutersApr 9th, 2020

Britain"s Housing Market Freezes As Wave Of Delayed Mortgage Payments Looms

Britain's Housing Market Freezes As Wave Of Delayed Mortgage Payments Looms One of the more unorthodox measures implemented by No. 10 Downing Street when it placed the e.....»»

Category: blogSource: zerohedgeMar 28th, 2020

Coronavirus hits Wall Street"s bonus pool, layoffs on the table

Wall Street bonuses will fall roughly 30% this year, and firms are considering layoffs to preserve profits during the coronavirus recession......»»

Category: topSource: foxnewsMar 25th, 2020

U.S. home sales hit 13-year high; coronavirus disruption looms

U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession......»»

Category: topSource: reutersMar 20th, 2020

The coronavirus outbreak is causing a historic spike in US layoffs. Here"s what 4 Wall Street experts are saying — and how much worse they think it can get.

Rick Bowmer/ AP US jobless claims increased by 70,000 to 281,000 for the week ending Ma.....»»

Category: topSource: businessinsiderMar 20th, 2020

Wall Street drops over 3% on virus fears, travel shares slammed

U.S. stocks tumbled on Thursday, with shares of banks and travel companies taking a beating, as a new wave of fear about the spread of the coronavirus and its economic impact gripped investors just one day after election results powered a rally......»»

Category: topSource: reutersMar 5th, 2020

Should Nordstrom Close Stores

Wall Street did not like Nordstrom's results. It also should not like its insistence that physical stores are the wave of the future......»»

Category: blogSource: 247wallstMar 4th, 2020

Cisco Systems plans a new round of layoffs amid an uncertain outlook for the economy

A round of job cuts is coming to Cisco Systems Inc. as the company — and nearly all of the rest of the tech industry — faces uncertain economic prospects for the near future. The Wall Street Journal reports that the networking equipment maker is p.....»»

Category: topSource: bizjournalsMar 1st, 2020

Global stocks pause after coronavirus shakeout

Global stock markets stabilised on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce after the previous day's sharp selloff on fears about the spreading coronavirus......»»

Category: topSource: reutersFeb 25th, 2020