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job cuts

Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump

by Anas Siddiqui
Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump

Deutsche Bank is sharpening its focus on China business to capitalise on gaps created by the withdrawal of its investment banking rivals, betting on the world’s second largest economy to …

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Bell Canada CEO Mirko Bibic defends job cuts in Commons committee testimony

by Anas Siddiqui
Bell Canada CEO Mirko Bibic defends job cuts in Commons committee testimony

As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians’ viewing …

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Lengthier job hunts for recent graduates could be major factor in unemployment rate

by Anas Siddiqui
Lengthier job hunts for recent graduates could be major factor in unemployment rate

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment. Nareshan, who lives in Ottawa, has applied for dozens …

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Apple cut at least 600 jobs when it axed car, smartwatch screen projects

by Anas Siddiqui
Apple cut at least 600 jobs when it axed car, smartwatch screen projects

Apple laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development …

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Canada Goose is laying off 17 per cent of its global corporate staff

by Anas Siddiqui
Canada Goose is laying off 17 per cent of its global corporate staff

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts …

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McDonald’s Malaysia, pro-Palestinian group BDS seek mediation over boycott Israel campaign

by Walter Watson
McDonald’s Malaysia, pro-Palestinian group BDS seek mediation over boycott Israel campaign

Lawyers for McDonald’s in Malaysia sought a settlement on Monday from the boycott Israel movement, a lawyer said, after the fast-food chain brought a US$1.27 million lawsuit against the consumer …

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Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs

by Anas Siddiqui
Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs

A frontrunner to replace Standard Chartered Chief Executive Officer Bill Winters is set to depart as the emerging markets lender pushes through a broader management reshuffle to boost returns. Simon …

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Bell CEO, other execs called to committee to answer questions about job cuts

by Anas Siddiqui
Bell CEO, other execs called to committee to answer questions about job cuts

Members of Parliament have invited several top executives from BCE Inc. and Bell Canada to testify later this month about the company’s decision to cut about nine per cent of …

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Hardware chain Rona cutting 300 jobs, closing two distribution centres

by Anas Siddiqui
Hardware chain Rona cutting 300 jobs, closing two distribution centres

Rona Inc. says it’s cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies. The home improvement retailer …

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eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts

by Walter Watson
eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts

eBay will cut about 1,000 jobs, or 9 per cent of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth. The …

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