Tag: cuts
Hard cuts in VW works council salaries expected
VW skyscraper in Wolfsburg Many employee representatives at Volkswagen have to reckon with salary cuts. (Photo: imago images / regios24) Dusseldorf These are nerve-wracking days for the approximately 250 works…
Hard cuts in VW works council salaries expected
VW skyscraper in Wolfsburg Many employee representatives have to reckon with salary losses. (Photo: imago images / regios24) Dusseldorf These are nerve-wracking days for the approximately 250 works council members…
Job cuts in Cologne – development center to become smaller
Dusseldorf The new job cuts at Ford Europe will primarily affect the development area. Several thousand jobs could be cut in the Ford development center in Cologne alone. This was…
US stock markets are in the red – job cuts burden Microsoft
new York Recession fears pushed the US stock markets back into the red on Thursday. The Dow Jones index of standard values closed 0.8 percent lower at 33,044 points. The…
Lindner threatens ministries with cuts because of billions gap
Christian Lindner in the Federal Cabinet The Federal Minister of Finance is asking his fellow ministers to save because of the budget gaps. (Photo: dpa) Berlin In the budget planning…
Apple CEO Tim Cook Cuts His Own Salary
As a result of Apple CEO Tim Cook’s recommendation to reduce his salary, the company’s board of directors took a decision that followed this advice. Thus, Cook’s salary will be…
Industry Giant Web3 Fund Cuts Its Expectations in Half: New Target is $1 Billion
Hong Kong-based Web3 game developer and software giant Animoca Brands has halved its $2 billion investment expectation for its web3 and metaverse fund due to market conditions. According to Bloomberg’s…
SAP competitor cuts every tenth job
US software manufacturer Salesforce Before the planned savings come into play, management expects costs of around $1.4 billion to $2.1 billion. (Photo: Reuters) Berlin The US software group Salesforce is…
FDP calls for nuclear power plant extension and tax cuts
Berlin Shortly before the Epiphany meeting of the Liberals, FDP top politicians called on their party to be more self-sufficient and assertive in the traffic light coalition. “In order for…
FDP calls for nuclear power plant extension and tax cuts
Berlin Shortly before the Epiphany meeting of the Liberals, FDP top politicians called on their party to be more self-sufficient and assertive in the traffic light coalition. “In order for…
What will change in funding in Germany in 2023
Charging parking lot in Hanover In the new year, the state is reducing subsidies for electrical equipment in Germany. (Photo: dpa) Dusseldorf A new funding guideline for the so-called “environmental…
New funding guideline – less money from the state
Charging parking lot in Hanover In the new year, the state is reducing subsidies for electrical equipment in Germany. (Photo: dpa) Dusseldorf A new funding guideline for the so-called “environmental…
Finance Minister Lindner distances himself from plans for tax cuts
Chancellor Olaf Scholz (left) and Finance Minister Christian Lindner Lindner sharply rejected demands for tax increases for higher income groups. (Photo: IMAGO/Emmanuele Contini) Berlin Federal Finance Minister Christian Lindner (FDP)…
Nvidia cuts GameStream support for Shield TVs
Nvidia, which is the undisputed leader of its own market with its powerful graphics cards, unfortunately came to the fore this time with news that upset the players. The company…
Wall Street closes sharply in the red – hopes of rate cuts dampened
Frankfurt Muted hopes of an end to US interest rate hikes continued to weigh on Wall Street. The Dow Jones lost 2.3 percent to 33,202 points. The tech-heavy Nasdaq fell…
Wall Street in the red – hopes for rate cuts dampened
Frankfurt Muted hopes of an end to US interest rate hikes continued to weigh on Wall Street. The Dow Jones lost 2.3 percent to 33,202 points. The tech-heavy Nasdaq fell…
Cost reduction and job cuts alone are not enough – consultants also have to shape the future
McKinsey and Company McKinsey and other consultants are increasingly focusing on restructuring. (Photo: Charles Platiau) “The consultants are coming!” – this exclamation spread fear and terror in many companies in…
78 percent of agencies are hit by budget cuts – advertising industry is “very worried”
In order to keep costs down, many companies are cutting their advertising budgets as one of the first measures given the high energy costs and economic uncertainty. If companies that…
Crypto Companies Continue Layoffs: Amber Group Also Cuts Its Workforce
Hong Kong-based digital asset platform Amber Group has now announced that it will cut its staff by 40% after denying allegations that it would reduce its workforce last week. It…
Dax expands consolidation – market expects rate cuts in 2023, but US Federal Reserve resists
Dusseldorf A major consolidation was probably initiated on the German stock market. Because with today’s daily low of 14,305 points, the leading index has fallen below an important mark. Most…