HSBC says it is to cut jobs to save cash and focus on building earnings in Asia after reporting a 34% drop in annual pre-tax profits to £6.2bn during 2020. Europe’s largest bank revealed a revised strategy including a greater…
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COVID-19: Disney job losses hit 32,000 as coronavirus disrupts theme parks
Disney has ramped up its plans for tens of thousands of job losses as the coronavirus crisis continues to hurt customer numbers at its main US theme parks. As the United States enjoyed – an albeit COVID-curtailed – Thanksgiving holiday,…
Two layoffs. A new job with a pay cut. And then storms hit the pier.
Deborah Dillard was laid off as a sales director at a golf course in Galveston, Texas, in March, after the pandemic hit and the resort shut down. Ms. Dillard, 50, started receiving $400 a week in state unemployment benefits in…
'What's the point of staying?': Gulf faces expatriate exodus
DUBAI/RIYADH (Reuters) – A popular Saudi talk show host told private businesses this week it was their national duty to lay off foreign rather than local employees, warning that the dominance of Saudi Arabia’s workforce by expatriates was a “real…