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13 Apr Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump

Posted at 01:00h in Asia

Deutsche Bank is sharpening its focus on China business to capitalise on gaps created by the withdrawal of its investment banking rivals, betting on the world’s second largest economy to build on its post-Covid recovery momentum, according to top Asia-Pacific boss.The bank, which first set...

05 Apr Apple cut at least 600 jobs when it axed car, smartwatch screen projects

Posted at 03:30h in Asia

Apple laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department.The Cupertino, California-based company filed eight separate reports to the state to comply with the...

13 Mar Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs

Posted at 03:45h in Asia

A frontrunner to replace Standard Chartered Chief Executive Officer Bill Winters is set to depart as the emerging markets lender pushes through a broader management reshuffle to boost returns.Simon Cooper, who has led the firm’s corporate, commercial and institutional banking division for eight years, will...

24 Jan eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts

Posted at 02:31h in Asia

eBay will cut about 1,000 jobs, or 9 per cent of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth.The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic...

12 Jan Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

Posted at 03:55h in Asia

“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for the Mountain View, California-based company said in a statement. “Some teams are...

10 Jan Amazon’s Twitch to cut 500 employees, or 35% of staff, as soon as January 10 as business remains unprofitable

Posted at 03:15h in Asia

Amazon.com’s live-streaming site Twitch is poised to cut 35 per cent of its staff, or about 500 workers, according to people familiar with the plans, the latest in a series of job reductions there.The cuts, which could be announced as soon as Wednesday, come amid...

job cuts Tag

13 Apr Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump

05 Apr Apple cut at least 600 jobs when it axed car, smartwatch screen projects

13 Mar Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs

24 Jan eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts

12 Jan Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

10 Jan Amazon’s Twitch to cut 500 employees, or 35% of staff, as soon as January 10 as business remains unprofitable

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