Management & Leadership
Citigroup to let staff work remotely until new year
U.S. financial services company Citigroup is letting its staffers work remotely until the start of the new year, sources reportedly...
Robotaxi service Cruise slashes staff by 24%
Cruise, General Motors’ controversial robotaxi subsidiary, is reportedly preparing to cut its workforce by 24%. The layoffs will affect approximately...
General Motors to lay off 1,300 factory workers
U.S. automaking giant General Motors is laying off approximately 1,300 employees across two of its Michigan production plants, the company...
Former BP CEO leaves $40 million in severance on the table
Oil giant BP’s former CEO Bernard Looney is reportedly leaving $40 million in severance on the table after failing to...
Hasbro set to fire 1,100 staffers
Toymaker Hasbro is preparing to layoff 1,100 of its workers, the company announced Monday. The planned terminations will slash Hasbro’s...
Arena Group ousts CEO following Sports Illustrated AI controversy
On Monday, The Arena Group announced that it fired its CEO following public backlash surrounding Sports Illustrated’s alleged use of...
DTC orthodontics company SmileDirectClub shutters doors
Just months after filing for Chapter 11 bankruptcy, direct-to-consumer orthodontics company SmileDirectClub officially shut down Friday after nine years in...
Levi Strauss taps Michelle Gass as new CEO
U.S. jean making giant Levi Strauss has tapped former Kohl’s CEO Michelle Gass as its new chief executive, the company...
Wells Fargo cautions on high fourth quarter severance fees
U.S. financial services company Wells Fargo is expected to run up high severance expenses during its fourth financial quarter, Wells...
Spotify to lay off 1,500 employees
Major music streaming service Spotify is set to lay off 1,500 of its employees, the company announced Monday. The cuts...
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