Net profit Q4 share of 1.8 billion euros compared to forecast of 951 millionThe period concludes the restructuring programQ4 investment banking revenue disappointsStocks drop as much as 5% before recouping…
SAN FRANCISCO, Feb 1 (Reuters) - Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with…
Philips will cut another 6,000 jobsIncreases number of layoffs since October to 13% of current workforceShares up 5.5% as fourth quarter results beat expectationsAMSTERDAM, Jan 30 (Reuters) - Dutch health-tech…
Tech Stocks Lead LossesPhilips will cut 13% of jobs to increase its profitabilitySTOXX 600 down 0.6%Jan 30 (Reuters) - European stocks fell on Monday as cautious investors anticipated a series…
LONDON, Jan 30 (Reuters) - Consumer goods giant Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July 1, a move hailed by board member…
LONDON, Jan 27 (Reuters) - Shares of Rolls-Royce (RR.L) fell 4% on Friday after its new CEO warned staff that the aerospace company, Britain's premier blue-chip engineering group, was a…
Jan 20 (Reuters) - Alphabet Inc (GOOGL.O), Google's parent company, is cutting around 12,000 jobs, or 6% of its workforce, it said in a staff memo on Friday, as the…
Expects first quarter core earnings to be lower than last yearExpects to see the effect of cost savings from the second quarterCost savings to include downsizing -CFOGross margin fell to…
Jan 17 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced European companies to lay off or freeze hiring.Here are some of the companies that have…
LONDON/SINGAPORE, Jan 17 (Reuters) - The pound rose slightly on Tuesday after data showed the pace of wage growth in Britain, closely watched by the Bank of England as it…