Daily Management Review
Management

WSJ: Meta to cut thousands of jobs

According to sources, Meta Platforms intends to start a significant job cuts. It will be the organization's first significant layoff in 18 years. On Wednesday, Meta will make the cuts public. Employees have been instructed to postpone any unnecessary travel. According to the WSJ, thousands of...

Huge Payouts For Twitter’s Top Executives Fired By Its New Owner Elon Musk

According to Equilar, three top executives of Twitter Inc who were fired by new owner Elon Musk will receive separation pay totalling $122 million.   According to people familiar with the situation, Musk fired Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal, and legal affairs...

Mitsubishi Electric to punish ten current and former executives for falsification

According to The Mainichi, Mitsubishi Electric Corporation would discipline eleven former and present executives. The investigation revealed that the company's top officials had falsified records pertaining to inspections of the air conditioners and brake compressors used in its trains for more...

Child Labour Violations Being Probed In Its US Supply Chain By South Korean Auto Giant Hyundai

Hyundai Motor Co, Korea's largest automaker, is probing child labor violations in its supply chain in the US and intends to "sever ties" with Hyundai suppliers in Alabama found to have used labourers, according to the company's global chief operating officer Jose Munoz.    In July,...

Deforestation Still Being Fuelled By Top Global Finance Companies – New Study

According to a new study released on Tuesday, the world's largest financial institutions increased their support for companies in the agriculture, forestry, and land use sectors most responsible for deforestation in 2021.   The report, released by the Forests & Finance Coalition of NGOs...

Number of whistleblowers in the UK grows by 70% during the pandemic

Over the previous two years, citizen complaints to His Majesty's Revenue and Customs (HMRC) against their companies have increased by 70%. The COVID-19 pandemic's two years of restrictions are mostly to blame, according to the Financial Times. The Internal Revenue Service received 15,000 complaints...

HSBC to expand private banking in China

The British bank HSBC has extended its offerings to wealthy Chinese clientele.The British bank HSBC has extended its offerings to wealthy Chinese clientele. The official launch of HSBC Global Private Banking's services in Chengdu and Hangzhou, two significant Chinese cities, was announced on...

Europe Is Bracing For Mobile Network Outages

Once unimaginable, mobile phones could go pitch black throughout Europe this winter if power failures or energy rationing blow out components of the region's mobile networks.   In the aftermath of the Ukraine conflict, Russia's decision to halt gas supplies via Europe's primary supply route...

Credit Suisse is looking for ways to rebuild business after a series of scandals

The Financial Times reported on Thursday that Credit Suisse Group AG has devised a plan to divide its investment banking division into three parts. In this way, the Swiss bank is attempting to revive after three years of nonstop scandals. The bank intends to sell profitable sections like its...

FT: IT professionals are willing to work for banks and stock exchanges as tech companies decline

Recently, banks, stock exchanges, brokers, and other Wall Street businesses have found it simpler to recruit IT specialists, reports The Financial Times. Financial institutions previously had trouble finding such people because they tended to turn to technology and cryptocurrency startups, but...
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