Amazon CEO confirms company is cutting over 18,000 jobs
E-commerce giant Amazon will lay off over 18,000 workers during its current round of job cuts, first reported in November.
Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.
The CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid is coming off and without a fresh dressing, American Airlines and competitors are planning big layoffs.
Swedish truck maker Volvo Group says financially ugly short- and medium-term market conditions require stepped-up cost cutting.
Sweden’s Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to ongoing impacts of the COVID-19 pandemic. About 15% of the cuts will be contractors. […]