Multinational corporation Philips intends to cull thousands of jobs in a bid to boost profitability as the company tries to refocus on health technology, a decision which comes after shares crashed following a recall of its respiratory devices in 2021. Amsterdam-based Philips plans on scrapping 6,000 jobs, with half of the cuts to be implemented…

Global branded entertainment leader Hasbro announced a 15 percent reduction in its workforce as well as the exit of its chief operating officer while projecting weaker revenues for the fourth quarter. In October 2022, Rhode Island-headquartered Hasbro announced that it would deliver $250–300 million in annualized run-rate cost savings by the end of 2025. In…

Roughly a fifth of American companies are looking to scale down their workforce in the coming months as businesses come under pressure of low margins, with many foreseeing an economic recession, according a January survey by the National Association for Business Economics (NABE). According to the survey, almost 20 percent of respondents expect employment at…

LOS ANGELES—A court upheld on Jan. 7 the firing of two police officers who were playing Pokémon Go instead of responding to a robbery in progress. The Second District Court of Appeal ruled on Friday that it was justifiable for the Los Angeles Police Department (LAPD) to lay off two LAPD officers who were playing…

Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct.