job cuts Archives

MicroStrategy’s bitcoin holdings top $45 billion in market value

kuwait-live.comFebruary 22, 2025February 22, 2025

February 22, 2025February 22, 2025

MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024...

Business

European markets struggle; Barclays surges 7% on earnings

kuwait-live.comFebruary 20, 2024February 20, 2024

February 20, 2024February 20, 2024

European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx 600 index...

Business

Tech industry sees 32,000 job cuts in ongoing layoff wave

kuwait-live.comFebruary 6, 2024February 6, 2024

February 6, 2024February 6, 2024

In a continuation of an unsettling trend, the tech industry is facing yet another wave of job cuts, further exacerbating the repercussions of widespread layoffs...

Business

Deutsche Bank to slash 3,500 jobs amidst $4.5 billion profit

kuwait-live.comFebruary 2, 2024February 2, 2024

February 2, 2024February 2, 2024

In a surprising move, Deutsche Bank has declared its intention to cut 3,500 jobs as part of a broader strategy to trim costs by 2.5...

Business

UPS reports disappointing Q4 earnings and reveals 12,000 job cuts

kuwait-live.comJanuary 31, 2024January 31, 2024

January 31, 2024January 31, 2024

United Parcel Service (UPS) reported a significant drop in shipping volume, both domestically and internationally, in its fourth-quarter earnings report released on Tuesday. The company...

Business

eBay cuts 1,000 full-time jobs in 9% workforce reduction

kuwait-live.comJanuary 24, 2024January 24, 2024

January 24, 2024January 24, 2024

In a recent announcement, eBay revealed plans to eliminate approximately 1,000 full-time positions, marking a substantial 9% reduction of its workforce. The move comes as...

Business

Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand

kuwait-live.comMay 15, 2023May 15, 2023

May 15, 2023May 15, 2023

One of Vietnam's leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...

Business

Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs

kuwait-live.comMay 3, 2023May 3, 2023

May 3, 2023May 3, 2023

As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank...

Business

Walmart to lay off over 2,000 workers in five states amid tough times ahead

kuwait-live.comApril 5, 2023April 5, 2023

April 5, 2023April 5, 2023

Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater...

Business

There will be about 6,650 job cuts at Dell

kuwait-live.comFebruary 6, 2023

February 6, 2023

Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result...