Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo
SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to…
Intel slashes employee and exec pay during PC market downturn
31 Jan. (Reuters) – Intel Corp. (INTC.O) said on Tuesday it had made significant cuts to employee and executive compensation,…
France hit by new wave of strikes against Macron’s pension reform
The reform would raise the retirement age to 64 Schools, transportation networks, refinery supplies are affected Macron: Reform vital to…
Philips is cutting 13% of jobs related to safety and profitability
Philips is cutting another 6,000 jobs Increases layoffs since October to 13% of current workforce Equities are up 5.5% as…