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Wayfair co-chairman and co-founder Conine rings a ceremonial bell in front of fellow co-chairman and co-founder Shah at the company's IPO

Wayfair shares tumble most since October as company cuts over 500 jobs in bid to stop losing money

Wayfair shares fell over 10% as news broke that the company would cut more than 500 jobs, including 350 from its headquarters.
CEO James Gorman

Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus season.

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.
WeWork offices in San Francisco.

WeWork lays off 2,400 employees

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 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.

Macquarie is slashing 100 equity trading jobs in London and New York this week

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.

HSBC is reportedly planning to axe 10,000 jobs amid a brutal year for global bank workers

The Financial Times reported on Sunday the bank faced “an increasingly complex and challenging global environment," citing Brexit and trade conflict.
Logo of Swiss bank UBS.

UBS is reportedly preparing to overhaul its investment arm — and it could mean hundreds of job cuts

The Swiss banking giant will combine operations, rebrand divisions, and appoint new executives, according to the Financial Times.

Barclays says 3,000 jobs have been culled so far this year

The news comes amid better-than-expected earnings on Thursday, amid a wave of management changes that has jolted staff in 2019.