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Wayfair shares fell over 10% as news broke that the company would cut more than 500 jobs, including 350 from its headquarters.
Bloomberg reported that most of the cuts are in tech and operations. "Other firms will likely announce cuts as planning for 2020 continues," CNBC wrote.
A source close to the matter told Business Insider there was a meeting held at 10 a.m. WeWork confirmed it was cutting 2,400 jobs.
Juul is laying off 650 workers and plans to cut spending by $1 billion as it braces for a hit to sales after pulling popular flavors
Juul is making some drastic changes.
Juul confirms plans to cut 500 jobs as it prepares for a ban on flavored pods, which make up 80% of its US sales
Juul will cut 500 jobs as it prepares for a proposed nation-wide ban on flavored pods, which comprise over 80% of its US sales.
A source told Business Insider that the bank will focus on its home turf in the Asia-Pacific region.
WeWork is reportedly cutting 2,000 jobs as soon as this week, and the staff is turning on Adam Neumann
The job cuts equate to 13% of the company's workforce, the Guardian reported on Tuesday.
The Financial Times reported on Sunday the bank faced “an increasingly complex and challenging global environment," citing Brexit and trade conflict.
The Swiss banking giant will combine operations, rebrand divisions, and appoint new executives, according to the Financial Times.
The news comes amid better-than-expected earnings on Thursday, amid a wave of management changes that has jolted staff in 2019.