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...The bank said it had spent $186mn on severance costs in the third quarter alone, with 7,000 jobs jettisoned....
...But critics have cast doubt on these plans....
...The previous day, SK Hynix, which has pioneered the technology since it released the world’s first HBM chip in 2015, announced a surge in AI-related demand even as it reported a $2.28bn operating loss for...
...Bumble last week has also announced a restructuring plan that will cut about 30 per cent of its workforce....
...The claim said that, by resigning, Kassan had elected to waive his nearly $10mn severance payment in order to be able to compete with MediaLink....
...The company expects to incur a pre-tax charge of between $400mn-$450mn in the current quarter, largely due to severance costs....
...Last week, Dollar Tree announced plans to close down nearly 1,000 — or 12 per cent of — Family Dollar stores....
...The Taylor Swift effect: Rivalry between Hong Kong and Singapore has always been hot, but tour plans by pop stars are throwing a new light on the competition between the two cities....
...At the end of that period, the bank will provide employees who have not been appointed to new roles with details of their severance packages. Citi declined to comment....
...US-listed Mexican eatery Chipotle plans a whopping 50-for-1 split. Japan racked up nearly 200 in the past fiscal year, a record....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...By 2015, tech publication Wired wrote a story titled: “Shut down your office. You all work at Slack now.”...
...To counter this, UPS announced plans to cut 12,000 management jobs. It also wants to sell its Coyote Logistics truck brokerage unit it acquired in 2015....
...Prosecutors said the potential wrongdoing related to several high-profile business ventures, including lithium mining projects that were central to both Portugal’s long-term economic plans and the supply...
...In response, in 2015, Mattel rebranded Barbie to include “petite” and “curvy” dolls with varying ethnicities and hair colours....
...While policy can help offset higher capital costs, an uncertain political environment has made it difficult for executives to plan for projects....
...Directed share programs, sometimes known as “friends and family” plans, have a chequered history....
...Dara Khosrowshahi of Uber responds We’ve argued that Uber’s plan to steadily buy back shares is a bad idea: one should only buy back shares in a price-dependent way, and Uber is growing so fast that it...
...British regulators plan to reintroduce a cap on card fees imposed on transactions between the UK and EU, in a blow to the Visa and Mastercard duopoly that raised charges on businesses more than fivefold...
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...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...The measures are also designed to help achieve a “progressive alignment of ISR portfolios with the [2015] Paris Agreement”, it added....
...Blackstone, which sold Center Parcs to Brookfield for £2.4bn in 2015, initially considered a bid to reacquire the business but dropped out of the running early in the process....
...Disney’s share price is down more than a tenth since Bob Iger returned with a plan of cost cuts....
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