Posts Tagged ‘restructures’
Verizon cutting more than 13,000 jobs as it restructures
[WASHINGTON] US wireless carrier Verizon on Thursday (Nov 20) said that it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations. Verizon also said that it plans to convert 179 corporate-owned retail stores into franchised operations and close one store. The company said in…
Read MoreAmazon Tightens Its Belt: Thousands Face the Chop as Retail Giant Restructures
A sweeping wave of job cuts is about to hit global online retail heavyweight Amazon, and the shockwaves could be felt across the corporate world. What’s Happening According to three people familiar with the matter, Reuters reported that Amazon is ‘planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company…
Read MoreServiceNow restructures RiseUp workforce training programme, cuts staff
SERVICENOW is restructuring its user training programme RiseUp amid low job placement rates and a corporate backlash to diversity-focused initiatives. Over the last year, multiple workers have been let go and key leaders left, according to sources familiar with the matter. Some contractors who mentor students and create curriculum also were cut, said the sources,…
Read More7-Eleven Owner Restructures To Fight Takeover
The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. Seven & i Holdings rejected a $40-billion takeover offer last month from Alimentation Couche-Tard (ACT) but the Canadian group has since then reportedly…
Read MoreSats restructures gateway services business to form two new units
GATEWAY services and in-flight catering solutions provider Sats has restructured its gateway services business to form two new business units, Singapore Hub and Gateway Services Asia-Pacific. On Wednesday (Jul 10), the group said this move reflects its strategic decision to continue investing in Singapore, while scaling its international presence to capture growth opportunities overseas. Each…
Read MoreCampbell Soup to cut 415 jobs as it restructures its manufacturing plants
CAMPBELL Soup on Tuesday (May 28) said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts. It added these changes are part of its ongoing efforts to strengthen growth, improve return on invested capital and boost manufacturing and distribution network. The Goldfish crackers…
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