Deloitte has launched the biggest overhaul of its global operations in a
Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy. Shares of the Grapevine, Texas-based company tumbled 16% in extended trade. An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately, ...
(Reuters) -FedEx tightened its fiscal 2024 profit forecast on Thursday, raising the bottom end and lowering the top, as share buybacks and cost cuts offset a decline in demand from its largest customer, the U.S. Postal Service (USPS). Shares of the second-largest parcel delivery firm jumped 12% in after-hours trading. Adjusted profit for the quarter ended Feb. 29 rose to $966 million, or $3.86 per share, from $865 million or $3.41 per share a year earlier.
Deloitte has embarked on its most extensive revamp of global operations in
The retail chain brand, which has a flagship store in Leeds city centre on Briggate, said less than 5 per cent of workers are at risk of redundancy as result but it had to make "difficult decisions". It understood that roles relate to head office jobs and will impact around 60 London-based employees, subject to a consultation process. The group, owned by Hong-Kong based Sir Dickson Poon, said it will seek to offer impacted workers roles in other parts of the business. It comes after rivals like...
Plans to bring 1,000 skilled jobs to Corby have been put on hold after a modular housing company tightened its belt. TopHat had promised that its new factory would open in late 2023 in Corby in a huge unit at the brand new Magna Park development at Cowthick Plantation. The opening date was pushed back to this year, but now the Northants Telegraph has learned that the plan has been dropped and every member of the Corby team employed to get the project under way has been laid off. Homes England, a...
Efforts to balance the budget have not been sufficient and funding from the state will decrease in coming years, according to the agency.
Malaysia Airlines reported its first annual profit in over a decade as strong demand and elevated airfares propel a rebound for the troubled airline.
Journalists at the Daily Mail are braced for job cuts after bosses warned of changes to working patterns as the newspaper group races to adapt to the digital age.
The Big Four accountancy firms are cutting costs and jobs in response to a
Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month. Dell expects net revenue in its client...
The head of Bell Canada is set to testify next month about the company's decision to cut thousands of jobs across the country.