Volkswagen key shareholder pitches producing Chinese car models in GermanyGermany's Lower Saxony premier, a major Volkswagen shareholder, suggested producing China-developed models locally to secure jobs and boost...
European shares slip as tech selloff bites, Zalando slidesEuropean markets retreated from record highs Friday, with tech stocks mirroring global weakness. Zalando shares plunged after a German prob...
Volkswagen Law: The unique structure behind Europe's biggest carmakerVolkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistan...
Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reportsVolkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...
Life lesson of the day by Warren Buffett: "The difference between successful people and really successful people is that really successful people say..." - The powerful business lesson from the Oracle of Omaha about protecting your time, focus, and long-term successSuccess is often measured by how many opportunities we seize, but one of history's greatest investors believed the opposite. Today's life l...
United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...
US manufacturing soars on front-loading of orders; factory employment tanks to six-year lowUS manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict im...
Starmer leaves No. 10 without ever managing to explain what he stood forKeir Starmer's premiership ended abruptly, overshadowed by Donald Trump's pronouncements. Despite a significant election victory, Starmer s...
Oracle layoffs 2026: Tech giant's headcount shrinks by 21,000 amid rapid AI adoptionAI adoption has led to a 13% decline in Oracle's total workforce. The company said in its filing that the workforce adjustments were in res...
UnitedHealth’s $3 billion AI push has bots calling doctorsThe largest US health insurer plans to invest $3 billion in AI over 2026 and 2027. UnitedHealth executives say they’re seeing a 2-to-1 retu...
Porsche CEO aims to finalise new cost-cutting package by JulyPorsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. ...
BBC to cut 550 jobs in cost-saving drive, including news division layoffsBritain's BBC is set to eliminate 550 jobs across its news and content departments. This move is part of a significant £500 million savings...
Robinhood Layoffs 2026: US fintech company lays off 10% of its workforce, CEO says "business has never been stronger"Robinhood Layoffs: Financial services firm Robinhood is laying off approximately 290 employees, about 10% of its workforce, as part of a re...
Techie says firm fired 90% of staff, plans to hire back as developers are 'dime a dozen' in BangaloreA Bengaluru software architect reported his company laid off 90% of its tech staff, attributing the cuts to AI adoption and reduced custome...
BBC Layoffs: Around 2,000 jobs at risk as broadcaster plans 10% cost cuts; Who may lose their jobs and whyBBC Layoff 2026: The BBC is preparing to cut approximately 2,000 jobs, equivalent to around 10% of its workforce costs, as part of a wider ...
BBC to cut hundreds of jobs in Britain in news division downsizeBritain's BBC is initiating significant job cuts, with hundreds of positions to be eliminated in its news division next week as part of a b...
Volkswagen to reduce workforce by 19,000 by end of year, CEO saysVolkswagen is set to implement substantial job cuts and cost reductions in Germany. The company plans to shrink its workforce by 19,000 by ...