Source link The Los Angeles Times will fire at least 115 journalists amid heavy financial losses The Los Angeles Times announced on Tuesday that it would lay off at least 155 employees, or a fifth of its newsroom staff. According to its owner, the paper has been losing up to $40 million per year. The […]
Tag: layoffs
Citigroup announces mass layoffs
Source link The banking giant has reported its worst quarter in 15 years The US banking giant Citigroup has announced plans to cut up to 20,000 jobs after reporting a steep quarterly loss of $1.8 billion for the last three months of 2023 – its worst in 15 years. The multinational said on Friday that […]