This Monday the British tour operator Thomas Cook declared bankruptcy. As a consequence, an average of 600,000 people have been stranded worldwide due to suspension of flights from the group's airline.
One of the most affected countries immediately is Spain, where 500 hotels that depended on the…
Read More...
Browsing Tag
layoffs
Ford announces cut of 7,000 jobs
Ford Motor Co is in a process of restructuring that includes a reduction of 7,000 jobs in its global structure. Jim Hackett, CEO of Ford, broke the news to his employees via email.
The layoffs represent 10% of their general workforce in…
Coinbase closes office in Chicago
The main crypto exchange of the United States, Coinbase, has just announced the closing of its headquarters in the city of Chicago. The measure also includes a reduction in its payroll of employees.
The cryptocurrency exchange office in…
Deutsche Bank estimates losses in merger with Commerzbank
The merger between Deutsche Bank and Commerzbank is a negotiation that has been driven by the German Ministry of Finance and reaches his fifth week of discussions.
However, there are some aspects against the negotiation. One of them is…
Huobi announces dismissal of personnel for adjustments
The end of 2018 will be bleak for a large percentage of Huobi Group employees after the announcement of a "minor" adjustment that involves a wave of layoffs.
The main Chinese exchange, with more than 1,000 workers, seems to follow the…
Steemit foresees massive dismissal of workers
The blockchain platform Steemit announced drastic measures in its internal structure to reduce costs before the dramatic drop in the value of its cryptocurrency. Among the most difficult decisions is the dismissal of 70% of its workers.…
Aeromexico will continue with the dismissals
The Mexican airline states that the objectives that have been set require making difficult decisions for both the people and the organization, since they must adjust the budget, eliminate some positions and relocate others.
The Trade Union…
Digitalization of the banking sector in Mexico increases dismissals
BBVA Bancomer advances in the digitizing its processes. The promising outlook for the banking entity results in an increase in layoffs that currently represents 3% of its workforce.
According to reports from the commercial branches and…