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....

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;...

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....

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...

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 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...

In a significant reorganisation, Citigroup will eliminate a layer of management and make employment cuts. This will give CEO Jane Fraser more direct power as she works to streamline the Wall Street behemoth and raise its stock price.   The CEO will be directly responsible to the heads of the...

Early in 2021, investment management company Artisan Partners informed a prospective board member of Danone that it had grown its holdings in the French food behemoth to more than 3%. Danone's performance has fallen short on practically all counts, according to Artisan, who demanded improvement....

Sources told the FT that the head of Citigroup is thinking about dividing the company's institutional clients division into three sections. Citigroup CEO Jane Fraser is thinking of dividing the Institutional Clients Group (ICG) into three sections, as reported by the Financial Times. Fraser...