Tag: job cuts
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Affirm sheds workers
Affirm Holdings Inc, a fintech company that offers buy-now-pay-later services, has announced that it will be laying off a portion of its workforce in an effort to streamline operations and cut costs. The company, which went public last year, has been facing challenges as competition in the BNPL space heats up and consumer spending habits…
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Worldline plans to reduce its workforce by 8%
Worldline Plans to Reduce its Workforce by 8% Worldline logo Worldline, a leading global provider of payment and transactional services, has announced its plan to reduce its workforce by approximately 8%. This decision comes as a part of the company’s strategic restructuring efforts to optimize its operations and maintain its competitive edge in the…
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Societe Generale set to cut 900 jobs
In a recent announcement, Societe Generale, one of France’s largest banks, has revealed plans to cut 900 jobs as part of its restructuring strategy. The decision comes as the bank aims to streamline operations and improve its profitability in the face of economic challenges and increasing competition. Societe Generale, like many other banks…
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Deutsche Bank to cut 3,500 jobs
Deutsche Bank, one of Germany’s largest financial institutions, has announced its decision to slash 3,500 jobs as part of a major restructuring plan. This move comes as the bank tries to improve its profitability and cope with the effects of global economic uncertainties. The job cuts, which amount to approximately 7% of the bank’s global…
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Payments companies’ job cuts may not be done
The global economy has been undergoing significant changes since the outbreak of the COVID-19 pandemic. Various sectors, including the payments industry, have been forced to adapt to the new normal. While digital payments witnessed an upsurge due to increased remote transactions and reduced physical cash usage, the economic downturn caused by the pandemic has still…