According to a report from Bloomberg citing sources familiar with the matter at hand, Karen Seymour, Goldman Sachs Group Inc’s general counsel is leaving the bank. Karen Seymour, Goldman’s top lawyer, played a pivotal role in negotiations the bank’s settlement… Read More ›
HRM
Porsche to participate in electric supercar maker Rimac Automobili’s funding round
In a statement to Automobilwoche weekly, Volkswagen unit Porsche said, it is participating in Rimac Automobili’s funding round which will see the electric supercar maker raise $157 million-$181 million (130 million-150 million euros). “The fundraising should be completed in two… Read More ›
Jim Bell resigns as GameStop’s CFO
In a statement GameStop said, its Chief Financial Officer Jim Bell will be stepping down next month with the video game retailer saying, it is increasingly focusing on shifting into technology-driven sales. GameStop reiterated that Bell’s resignation was not due… Read More ›
Amazon.com Inc’s Senior Vice President Jeff Blackburn leaves the company
In an internal note, Amazon.com Inc’s Senior Vice President Jeff Blackburn said, he is leaving the company after having spent 22 years in the company. Blackburn used to oversee Amazon’s mergers and acquisitions division; he has been on a sabbatical… Read More ›
Founder of SoftBank-backed Roivant Sciences steps down as CEO
Matt Gline, the founder of SoftBank-backed Roivant Sciences, a biotechnology company, said he will be stepping down from the office of the chief executive officer. The company’s Chief Financial Officer (CFO) Vivek Ramaswamy will step into the role of executive… Read More ›
Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
Willie Walsh to head global airline body IATA
With IAG CEO Alexandre de Juniac set to step down in March 2020, , IATA has picked Willie Walsh to become its Director General, said the global airline body in a statement. De Juniac, a former Air France-KLM CEO who… Read More ›
Germany’s Thyssenkrupp AG plans further 5,000 job cuts: CEO
On Thursday, ailing German multinational conglomerate Thyssenkrupp AG said, it plans on cutting 5,000 jobs in order to ease the impact of the coronavirus, which emerged from Wuhan, China, from its businesses. “We’re not yet where we need to be. The… Read More ›
Delta Air Lines reaches preliminary deal with pilot union to avoid furloughs
Late on Thursday, Delta Air Lines Inc said, it has reached a preliminary cost-cutting deal with the union that represents its pilots with the deal aiming to prevent furloughs until January 1, 2022. Delta MEC, a unit of the Air Line… Read More ›
Hong Kong’s Cathay Pacific cuts 18% of workforce midst coronavirus pandemic
According to a report from the South China Morning Post on Tuesday, Hong Kong’s Cathay Pacific Airways Ltd stated it will cut 18% of its worforce, which amounts to 6,000 jobs, to help it weather the coronavirus-induced COVID-19 pandemic. Earlier this… Read More ›