Banking
PayPal to trim workforce by 9% over 2024 in bid to streamline business
PayPal Job Cuts:PayPal to cut approximately 9% of its workforce throughout 2024.
Expected impact on around 2,500 jobs.
CEO Alex Chriss confirms...
Banking
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
Cost Reduction Target: The program aims...
Banking
US fintech Brex to axe 20% of workforce
Brex, a US-based expense management platform, is cutting 282 jobs, approximately 20% of its total workforce, in a restructuring effort.
Founder and co-CEO...
Banking
Citigroup to cut 20,000 jobs over two years after Q4 downturn
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026.
Q4 2023 Performance: In the fourth quarter of 2023, Citigroup reported...
Banking
ABN Amro to acquire Dutch neobroker Bux for undisclosed sum
ABN Amro Acquisition of BuxABN Amro, a major Dutch bank, is acquiring the Dutch neobroker Bux for an undisclosed amount.Strategic Objectives...
Banking
Metro Bank to axe 20% of jobs and review branch opening hours in push to cut costs
Metro Bank plans to cut 20% of its workforce as part of a cost-cutting initiative following shareholder approval of a refinancing deal.
The...
Banking
Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn
Barclays may cut around 2,000 jobs as part of a £1 billion cost-cutting plan.
Bank managers seek to increase profitability by reviewing proposals,...
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