Chipmaker Qualcomm to cut costs and jobs as competition rises

US chipmaker Qualcomm plans to cut jobs and costs amid a fresh profit warning. The firm says it aims to cut…

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Banking giant JP Morgan Chase reports 5.2% rise in profits

Exceeding expectations, JP Morgan Chase has posted a 5.2% increase in profits for the second quarter to $6.29 billion amid…

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Malaysia Airlines to lay off 6,000 employees: Reports

Malaysia Airlines is laying off around a third of its workforce as it implements a comprehensive restructuring…

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Major restructuring of UK retailer

Tesco CEO Dave Lewis has unveiled a major restructuring program of the troubled British supermarket, axing the Cheshunt head office…

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HP to split into two firms

Hewlett-Packard (HP) will split into two separate firms as part of a major restructuring plan that has also seen thousands…

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HSBC to slash 14,000 jobs under restructuring plan

HSBC announced on Wednesday it may cut a further 14,000 jobs across its global operations. The move comes as part…

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