Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023. Chris Ratcliffe | Bloomberg | Getty Images Design software maker Autodesk said Thursday that it will lay off 1,350 employees, which works out to 9% of its workforce. The job cuts follow a series of…
The Pentagon said on Friday that it would fire 5,400 civilian probationary workers starting next week, in the first of what officials say will likely be a wave of much larger layoffs at the Defense Department, the government’s biggest agency. “We anticipate reducing the department’s civilian work force by 5 to 8 percent to produce…
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024. Daniel Slim | Afp | Getty Images Southwest Airlines said Monday that it is cutting about 15% of corporate jobs, or about 1,750 people, a move its CEO called…
The US State Department has dropped a statement from its website which stated that Washington does not support Taiwan’s independence – a move which has sparked anger in China. China said the revision “sends a wrong… signal to separatist forces advocating for Taiwan independence”, and asked the US to “correct its mistakes”. The department’s fact…
President Donald Trump’s administration has announced it will slash billions of dollars from overheads in grants for biomedical research as a part of broader cost-saving measures, a move some scientists say will stifle scientific advancements. In a statement on Friday, the National Institutes of Health (NIH) said it would cut grants for “indirect costs” related…
The newly appointed Reserve Bank of India (RBI) governor Sanjay Malhotra leaves after addressing a press conference, in Mumbai on December 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering…
US President Donald Trump has said he will cut all future funding to South Africa over allegations that it was confiscating land and “treating certain classes of people very badly”. Last month, President Cyril Ramaphosa signed into law a bill that allows land seizures without compensation in certain circumstances. Land ownership has long been a…
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-reduction exercise. “Today, we have today told staff across bp that…
Piccadilly Circus is seen at dusk, on 7th January 2025, in London, England. Richard Baker | In Pictures | Getty Images LONDON — Traders bet on more Bank of England rate cuts this year after weak retail sales data added to the latest in a run of data surprises this week. Sales volumes fell 0.3%…
Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each country…
