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Hp to Cut About 12% Jobs by End of Fiscal 2025
Date: November 23, 2022
(Reuters) -HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter...
Lufthansa Launches Drive to Hire 20,000 Employees
Date: November 21, 2022
BERLIN (Reuters) – Deutsche Lufthansa said it planned to hire 20,000 new employees as the German flagship airline launched a recruitment campaign on Monday, with job openings in over 45 areas. The company said it was mainly looking for people in product-related and service-oriented areas at its locations in Frankfurt, Munich, Zurich, Vienna and Brussels,...
In a Stadium of Their Own, Migrant Workers Say Their Sweat Made World Cup Happen
Date: November 21, 2022
By Maya Gebeily and Charlotte Bruneau DOHA (Reuters) -Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East. The special fan zone set up at the industrial area on the city’s...
Irish Consumer Sentiment Dips Slightly on Tech Job Losses
Date: November 21, 2022
DUBLIN (Reuters) – Irish consumer sentiment dipped slightly in November as people grew concerned about job losses in the country’s tech sector, a survey showed on Monday. The Credit Union Consumer Sentiment index fell to 45.3 from 46.1 in October, having recorded a 14-year low of 42.1 in September even as the economy continued to...
Meta Cuts 11,000 Jobs as It Sinks More Money Into the Metaverse
Date: November 9, 2022
By Aditya Soni and Nivedita Balu (Reuters) – Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation. The mass layoffs, one of the biggest this year and...
Britain’s Next Buys Failed Furniture Retailer Made.com, 400 Jobs Axed
Date: November 9, 2022
By Sachin Ravikumar LONDON (Reuters) -British fashion retailer Next will buy the Made.com brand for 3.4 million pounds ($3.8 million) after the online furniture seller collapsed into administration, resulting in about 400 job losses. Made.com hit the buffers on Wednesday, running out of cash as a weaker economy deterred Britons from buying new furniture. Retail...