Amazon’s mass firings revealed on LinkedIn
The online retail giant has started making huge cuts to its workforce with some revealed on LinkedIn, while one law forced the company to own up to others.
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‘Kick in the guts’: CBA’s brutal move slammed
CBA has been accused of delivering a “kick in the guts” to employees and making cuts to save money, despite recording a $2.5b profit recently.
Aussies’ $11.5k move as cost of living bites
Over two-thirds of Australians are looking for a way to combat the rising cost of living, with some considering one move to score them thousands.
Target faces mammoth global disaster
The cost of living crisis has hit the retail giant hard with “stressed” consumers “pulling back” on spending as they are hit from all sides.
Company’s brutal cuts to save $14.3m
The Australian outfit has slashed 30 per cent of its workforce as it was hit by a slowdown post pandemic with its shares diving by 70 per cent this year.
Billionaire’s blistering letter to Google
With a $6 billion stake in the company, he released a scathing letter on the performance of Google and called for “aggressive” cost cutting measures.
Billionaires wiped out as China takes a hit
Some of the richest people in China have seen a third of their wealth wiped out this year alone, with the number of billionaires plummeting.
Horror as $1.2b wiped from company
Another tech outfit has had a brutal day, with losses soaring by 170 per cent, shares plummeting and $1.2 billion wiped off its valuation.
Start-up collapses as it’s chased for $3.5m
An Australian company that was once valued at $80 million has said it faces becoming insolvent as it’s hit by competition and ongoing legal disputes.
Start-up cuts more staff after raising $18m
An Australian company has made its second round of lay-offs this year as the sector it operates in struggles to compete against Woolworths and Coles.
Original URL: https://www.news.com.au/the-team/sarah-sharples/page/40