Lloyds TSB to axe 5,000 jobs

Banking giant Lloyds TSB today revealed plans to axe 5,000 jobs as it reported a 8% slide in profits over the last ... cuts. The jobs announcement came as the bank said pre-tax profits for the ... Read More

15,000 postal jobs to be axed

The swingeing cuts - to scale down Consignia's struggling Parcelforce Worldwide business - were immediately condemned by union bosses. The majority of job losses - 6,700 in total - will come as 50 ... Read More

Big Banks Cut More Than 60,000 Employees This Year: Report

Big banks said goodbye to more than 60,000 employees as sagging profits and uncertain economic conditions forced many to make tough calls. The Financial Times calculated that 20 of the largest ... Read More

Co-op Bank to axe 400 jobs in latest phase of transformation strategy

The Co-operative Bank is to axe around 400 jobs, it confirmed today ... has involved significantly investment in the business, including more than £100m in its IT system re-platforming, which ... Read More

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Sesame Workshop announced the five-year agreement hours before the educational nonprofit’s current labor contract with its writers expired. “We value our writers and their significant ... Read More

California added 154,000 jobs last year. Where were the most hires?

Texas (3.3% more jobs in ... by the number of new jobs created – not the 2023 percentage gain. My trusty spreadsheet tells me that those 154,000 California hires last year were topped by only ... Read More

Deutsche Bank to axe 3,500 jobs to cut costs

Deutsche Bank has revealed plans to cut 3,500 jobs by the end of next year to slash its costs ... Deutsche Bank told investors the jobs cuts will be “mainly in non-client-facing areas”. Read More

Genpact job cuts in Richardson among 1,000 positions axed across Texas

Genpact’s OpenWealth business expects ... just over 24,000 job cuts in mass layoff notices required by federal law. Overall, Texas touted record-setting job growth last year, adding 407,100 ... Read More

Co-operative Bank to axe 400 jobs in bid to cut costs

Lender says move is unrelated to takeover talks with Coventry Building Society The Co-operative Bank has unveiled plans to cut 400 jobs as part of the lender’s largest cost-cutting and ... Read More

Jobs axe at Clydesdale Bank

The Clydesdale and Yorkshire banks are to cut more than 1,400 jobs ... year, reflecting a higher charge on bad debts and higher funding costs. NAB chief executive Cameron Clyne said: "In the last ... Read More

Hundreds of jobs being axed at bank Nationwide

The Echo's sister paper the Swindon Advertiser reported that the jobs will be cut ... The half-year results for 2022 show that member financial benefit more than doubled to £320m as the mutual ... Read More

Co-operative Bank to axe 400 jobs

The Co-operative Bank plans to cut around one in 10 of its workforce, shedding approximately 400 jobs. The move is part of huge cost-cutting measures which will lead to a net reduction of 12% of ... Read More