BT Group, Britain’s biggest broadband and mobile provider, said on Thursday it would reduce its total workforce, including contractors, by up to 55,000 jobs by the end of the decade to become a much leaner business. BT, which set out the plan as it reported pro forma revenue and core earnings growth for the first … Read more
JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire some bankers. “We regularly review our business and customer needs and adjust our staffing accordingly – creating new roles where we see the need or reducing positions … Read more
Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, or more than 4,000 employees. Reports first surfaced last month that the networking giant Cisco is gearing up to lay off over 4,000 employees in a “rebalancing” act while “rightsizing certain businesses”. According to Silicon … Read more