According to the Financial Times, one of Australia's biggest banks, ANZ, has informed its employees that if they work fewer than half of their hours in the office, their bonus payments may be reduced. The newspaper refers to a letter that was sent this week to over 40,000 bank employees in Australia, New Zealand, India, and the Philippines. They were informed that during the current fiscal year,...

According to Bloomberg, billionaire Jack Ma declined to sell Alibaba shares after their value dropped by 10%. After the value of the shares dropped by 10% last week, Alibaba Group founder Jack Ma decided not to sell 10 million American Depositary Receipts (ADS) worth $871 million, according to Bloomberg, which cites an internal statement of the company. According to an internal memo from the...

According to MarketWatch, which cites the credit organization's statement, American bank Citigroup Inc. has informed staff members about "a new layer of changes" within the framework of business reorganization. Early in November, CNBC reported citing sources that executives at Citi were talking with consultants about cutting at least 10% of staff in a number of important areas. The bank...

Within the company’s wide cost-cutting initiative, Amazon.com Inc. intends to lay off several hundred employees in the division responsible for developing the voice assistant Alexa. CNBC has reported the news, citing a letter sent to staff members by Amazon Vice President Daniel Rausch. "We are redirecting some of our activity to better align with business priorities, including to maximise...

Early in November, Lip-Bu Tan, Director of US semiconductor manufacturer Intel Corp., purchased 66,000 shares of the business for around $2.5 million, according to papers the company filed with the U.S. Securities and Exchange Commission (SEC). The cost per paper to be purchased varied from $37.77 to $37.95. According to Dow Jones Market Data, the stock closed trading the previous day at $40.61...

Renault Group and Nissan Motor Corp. announced in a joint statement that they have completed the process of forging a new-format partnership. As part of the alliance's reformation, the companies have agreed to equalize their holdings in each other's share capitals, giving 15% to each. Renault has lowered its investment in the Japanese company from 43% to 15% in recent months. This was...

According to JPMorgan's filings with the US Securities and Exchange Commission (SEC), Dimon is scheduled to start selling shares in 2024. "Dimon is selling JPMorgan stock for the first time in his career at the bank. His position in JPMorgan...

This year, major US banks, except for JPMorgan Chase & Co., have been steadily reducing staff. According to CNBC, which cited information from the banks' filings, Citigroup Inc., Bank of America Corp., Morgan Stanley, Wells Fargo & Co., and Goldman Sachs Group Inc. had collectively eliminated almost 20,000 jobs since the start of the year. U.S. financial firms actively boosted staffing...

U.S. Qualcomm Inc., one of the biggest producers of semiconductor components worldwide, plans to eliminate certain jobs in California in order to reduce 2.5% of its staff, reports MarketWatch. According to papers the manufacturer submitted to authorities, the business would lay off 1,064 workers in San Diego, which is home to Qualcomm's headquarters, and another 194 in Santa Clara on December 13....