Daily Management Review
Management

Restaurant chain Chipotle introduces new support measures for Gen Z employees

Furthermore, the company plans to bring on 19,000 more workers for "burrito season." Chipotle Mexican Grill, an American restaurant company, announced that it is bringing in new benefits for Generation Z employees and plans to hire 19,000 more staff members in front of the next "burrito season"....

Europe Strikes Historic Agreement On AI Regulation

After months of deliberations, Europe came to a tentative agreement on historic regulations pertaining to the use of artificial intelligence by the European Union. These regulations cover the use of AI by governments for biometric monitoring as well as the regulation of ChatGPT and other AI...

Barclays may drop 2.5k least profitable investment banking clients

According to the Financial Times, which cites sources, the British bank Barclays is looking into the possibility of stopping to serve more than 2,500 of its least profitable investment banking clients. Barclays' investment banking division is currently serving over 10,000 clients. With a loss of...

Alibaba to change cloud business management structure and its strategy

Alibaba, the massive Chinese internet company, is adjusting both its strategy and the way its cloud business is managed, CNBC writes. The company intends to focus more on three areas of this business: cloud infrastructure, hybrid "cloud" (which combines features of public "cloud" and private -...

Stellantis to offer voluntary layoffs to half of white-collar workers in U.S.

According to CNBC, European automaker Stellantis NV will provide voluntary termination with severance pay to half of its "white collar" workers in the United States. Of the 12,700 non-unionized workers who have worked for the company for at least five years, 6,400 will be given this opportunity....

Ford: We reached the limit of what we can offer the UAW union

The United Auto Workers (UAW) union has received all that Ford Motor Co. has to give, said Head of Ford Blue (internal combustion engine vehicle sector) Kumar Galhotra. In accordance with the union's priorities, the firm is willing to reallocate resources previously included in its UAW offer;...

Germany's central bank to cut about 5% of jobs

German Central Bank intends to reduce employment by up to 5% over the next few years as part of a modernization effort, Deutsche Welle reports. The decrease will be made by declining to fill many positions that will become vacant over the course of the next four years when some employees retire....

Layoffs in IT-companies in the world exceeds 236 thousand since beginning of 2023

According to a survey by Layoffs.fyi, more than 236 thousand people worldwide lost their jobs in the technology sector since 2023. There will be a large increase in layoffs in the tech sector compared to previous year by the end of 2023. Thus, 1,019,000 tech enterprises have fired 236,495,000...

Banco Santander reorganizes operations in private and business services sectors

The biggest bank in Spain, Banco Santander, has combined its activities to create two new global divisions: Retail & Commercial and Digital Consumer Bank (which provides digital services) for individuals and businesses worldwide. Santander said in a news release that as a result, all of its...

Salesforce to hire 3.3k employees after cutting 10% of staff

Salesforce Inc., a US-based company that offers cloud-based business solutions for customer engagement, intends to hire 3,300 people for several departments. 10% of the company's workforce were let go earlier this year as part of an operational restructuring. The difficulty, according to...
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